Free PMP Exam Sample Question
The following PMP® exam sample question is taken from the Free PMP Exam Simulator at http://free.pm-exam-simulator.com - The answer is at the very bottom:
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The risk shared between the buyer and the seller is determined by which of the following?
A.) The Scope of Work
B.) The Teaming Agreement
C.) The Contract Type
D.) The Project Charter
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Hint: How can you control the project risk while negotiating the scope of work with a seller??
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ANSWER AND EXPLANATION:
The correct answer is C
Explanation: For example, fixed-price contracts have a higher risk for the seller while cost-reimbursable contracts have a higher risk for the buyer.
PMBOK® Guide 4th Edition, page 322