Project Management Contracts

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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?

Obtained efficiencies from unification. Signup and view all the answers

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

Planning a communication method and allowing virtual interaction. 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?

Tiering the contract for fixed and agile components. Signup and view all the answers

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

Share the technical architect with other projects Signup and view all the answers

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

Align with the stakeholder's preferred communication approach 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?

File a claim for not fulfilling the contract terms Signup and view all the answers

What is an essential aspect of stakeholder management?

Accommodating stakeholders' preferred communication approaches Signup and view all the answers

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

Coordinating dependencies between subprojects Signup and view all the answers

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

Establishing a contract that outlines roles and responsibilities Signup and view all the answers

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

Identify stakeholder rejection as a risk in the project risk register 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?

Assess the situation as a risk and reach out to the contractor to check the origin of this resistance Signup and view all the answers

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

To assess the level of engagement with each stakeholder Signup and view all the answers

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

Because the labor contract was due for renewal this year Signup and view all the answers

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

Schedule meetings with key stakeholders in advance Signup and view all the answers

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

To ensure stakeholders are informed and engaged throughout the project Signup and view all the answers

Project Management Contracts

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