Question $1(30$ Marks$)$

You are the project manager of the GHY Project for your organization. A portion of this project includes dangerous work; although members of the project team could likely complete the work, your sponsor doesn't want to accept the risk. In this situation, which of the following may be used as a risk mitigation tool?

A$.$ A vendor proposal

B$.$ A contract

C$.$ A quotation

D$.$ Project requirements

As a PMP candidate, you must understand the provisions of project procurement even if your typical projects do not include procurements. Based on the information in this chapter, a contract cannot have provisions for which one of the following?

A$.$ A deadline for the completion of the work

B$.$ Illegal activities

C$.$ Subcontracting the work

D$.$ Penalties and fines for disclosure of intellectual rights

You are the project manager for the $89$A Project. You have created a contract for your customer. The contract must indicate two of the following?

A$.$ An offer and consideration

B$.$ Signatures and the stamp of a notary public

C$.$ The value and worth of the procured item

D$.$ Start date and an acceptance of the start date

The WBS and the WBS dictionary can help a project manager plan for purchases and acquisitions. Which one of the following best describes this process?

A$.$ The WBS defines the specific contracted work.

B$.$ The WBS defines the requirements for the specific contracted work.

C$.$ The WBS defines the specific contracted work, which must support the requirements of the project customer.

D$.$ Both parties must have and retain their own copy of the WBS$.$

Yolanda has outsourced a portion of the project to a vendor. The vendor has discovered some issues that will influence the cost and schedule of its portion of the project. How must the vendor and Yolanda update the agreement?

A$.$ As a new contract signed by Yolanda and the vendor