PMP Exam Simulator

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Accelerate Mock ExamDisplay correct answer

PMP exam lasts 230min and has 180 questions

Use acceleration to have extra 30m in reserve on exam

Procurement Management

You have well-defined requirements for your project. Therefore, you are considering using a fixed-price (FP) contract. With your requirements and your understanding of the seller's competition you are sure that you will be able to establish a complete statement of work. The fee or profit in this type of contract is:

A part of the negotiation involved in paying every invoice.

Unknown.

Determined with the other party at the end of the project.

Applied as a line item to every invoice.