PMP Quiz 14 March 2017 When a seller breaches a contract, the buyer cannot receive— Answer

PMP Quiz 13 March 2017 Which term describes contract costs that are traceable to or caused by a specific project work effort? Answer

PMP Quiz 10 March 2017 You are a contractor for a state agency. Your company recently completed a water resource management project for the state and received payment on its nal invoice today. A procurement audit has been conducted. Formal noti cation that the contract has been closed should be provided to your company by the— Answer

PMP Quiz 9 March 2017 Significant differences between the seller’s price and your independent estimate may indicate all the following EXCEPT the— Answer

PMP Quiz 8 March 2017 In some cases, contract termination refers to— Answer

PMP Quiz 7 March 2017 Which term describes the failure by either the buyer or the seller to perform part or all of the duties of a contract? Answer

PMP Quiz 6 March 2017 The buyer has negotiated a cost-plus-incentive fee contract with the seller. The contract has a target cost of $300,000, a target fee of $40,000, a share ratio of 80/20, a maximum fee of $60,000, and a minimum fee of $10,000. If the seller has actual costs of $380,000, how much fee will the buyer pay? Answer

PMP Quiz 3 March 2017 Contract type selection is dependent on the degree of risk or uncertainty facing the project manager. From the perspective of the buyer, the preferred contract type in a low-risk situation is— Answer

PMP Quiz 2 March 2017 Which term describes those costs in a contract that are associated with two or more projects but are not traceable to either of them individually? Answer

PMP Quiz 1 March 2017 What doctrine causes a party to relinquish rights under a contract because it knowingly fails to execute those rights? Answer