Project Management Contracts

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Questions and Answers

When developing a contract for a project with a core component, which two controls should the project manager include to ensure successful delivery?

  • Limit the number of iterations for development and establish a governance committee to review the contract delivery.
  • Set the ground rules and identify a contingency plan in the risk register and create a social media group platform for the team.
  • Tier the contract for fixed and agile components and provide alternatives to scope change at specific project phases. (correct)
  • Require that only internal resources be utilized for this project and discuss the concerns with the project sponsor.

What is the primary purpose of a governance committee in a project contract?

  • To establish a contingency plan in the risk register.
  • To review and approve scope changes.
  • To ensure that only internal resources are utilized.
  • To review the contract delivery and ensure compliance with the terms. (correct)

What is the recommended approach for a project manager to ensure good collaboration between remote project team members?

  • Discuss the concerns with the project sponsor and modify the project charter to include more budget for interactions.
  • Plan a communication method and allow the project team members to virtually interact. (correct)
  • Set the ground rules and identify a contingency plan in the risk register.
  • Create a social media group platform for the team to create a supportive environment.

What is a key benefit of consolidating regional operations into a global operation?

<p>Obtained efficiencies from unification. (B)</p> Signup and view all the answers

What is a critical aspect of stakeholder management in a project with a global operation?

<p>Planning a communication method and allowing virtual interaction. (B)</p> Signup and view all the answers

What is an essential consideration for a project manager when developing a contract for a project with agile components?

<p>Tiering the contract for fixed and agile components. (A)</p> Signup and view all the answers

When assigning a technical architect to a project, which option is preferred?

<p>Share the technical architect with other projects (C)</p> Signup and view all the answers

A stakeholder prefers to use traditional communication methods. How should the project manager approach this?

<p>Align with the stakeholder's preferred communication approach (C)</p> Signup and view all the answers

A contractor fails to submit biweekly status reports and attend integration meetings. How should the project manager handle this situation?

<p>File a claim for not fulfilling the contract terms (C)</p> Signup and view all the answers

What is an essential aspect of stakeholder management?

<p>Accommodating stakeholders' preferred communication approaches (C)</p> Signup and view all the answers

When managing a project with interconnected subprojects, what is crucial for success?

<p>Coordinating dependencies between subprojects (D)</p> Signup and view all the answers

What is a key aspect of contract development in project management?

<p>Establishing a contract that outlines roles and responsibilities (B)</p> Signup and view all the answers

What is the best way to handle stakeholder rejection as a risk in a project?

<p>Identify stakeholder rejection as a risk in the project risk register (A)</p> Signup and view all the answers

A contractor has stopped participating in weekly integration meetings and submitting biweekly status reports. What should the project manager do?

<p>Assess the situation as a risk and reach out to the contractor to check the origin of this resistance (A)</p> Signup and view all the answers

What is the purpose of a stakeholder-by-stakeholder engagement assessment matrix?

<p>To assess the level of engagement with each stakeholder (A)</p> Signup and view all the answers

Why did the project manager document the labor contract negotiation process as a risk?

<p>Because the labor contract was due for renewal this year (C)</p> Signup and view all the answers

What is the best way to gather feedback on the project scope?

<p>Schedule meetings with key stakeholders in advance (D)</p> Signup and view all the answers

What is the primary purpose of a project manager's communication plan?

<p>To ensure stakeholders are informed and engaged throughout the project (A)</p> Signup and view all the answers

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