PMP Exam Simulator

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Questions

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PMP exam lasts 230min and has 180 questions

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Procurement Management

You have been assigned to manage a software project and you have been instructed by the management to do everything possible to avoid risks. While planning the procurement strategy, you want to make sure you select the contract type that will have the least risk for the project. Which type of contract will you select?

Time and material contract

Fixed price contract

Fixed price economic price adjustment contract

Cost reimbursable contract