ExpertHard1 markMultiple Choice
PMP · Question 40 · Task 11: Plan and manage procurement
An agile project needs to outsource a specific component. The team wants to collaborate closely with the vendor, sharing risks and rewards. Which contract structure supports this?
An agile project needs to outsource a specific component. The team wants to collaborate closely with the vendor, sharing risks and rewards. Which contract structure supports this?
Answer options:
A.
Standard Fixed Price
B.
Dynamic (Agile) Contract with optional scope clauses
C.
Purchase Order
D.
Cost Plus Percentage of Cost
How to approach this question
Look for the option that allows flexibility and shared goals.
Full Answer
B.Dynamic (Agile) Contract with optional scope clauses✓ Correct
B
Task 11. Agile procurement favors flexible arrangements where scope can be swapped or cancelled early (shared risk/reward).
Common mistakes
Assuming Fixed Price is safe (it's rigid).
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