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Hello everyone! Here is this week's free PMP exam sample question from the PM Exam Simulator.
You are managing a shopping complex construction project. You have carried out a number of similar projects in the past and you want to outsource the electrical work to a contractor company. The last time you used a Cost Plus Fixed Fee contract but you were not satisfied with this approach because you didn't have much control over the outsourced work. What should you do this time to ensure that you have more control over the outsourced work?
A. Micro-manage the contractor's project management processes
B. Use a Cost Plus Incentive Fee Contract (CPIF)
C. Use a Teaming Agreement
D. Change the contractor
HINT: You have to make sure that the performance of the contractor is better this time.
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Answer and Explanation:
The correct answer is B.
Using a Cost Plus Incentive Fee contract will help you control the contractor.
The following user(s) said Thank You: Sindhya Sudheendran
This interview with Simona Fallavollita (LinkedIn Profile) was recorded at the magnificient Project Management Institute (PMI)® Global Conference 2017 in Chicago, Illinois. We discuss the how, what, why and when of the changes that are coming to the PMP exam.