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

The project manager needs to outsource a component, as his own resources are occupied. The project manager doesn't have a clear definition of the scope, but the vendor agrees with him that the project will be relatively small and the project manager has an urgent need. The most appropriate type of contract in this situation would be:

Cost Plus Award Fee (CPAF)

Cost Plus Fixed Fee (CPFF)

Fixed Price Economic Price Adjustment (FPEPA)

Time and Materials (T & M)