Instant Access PMI.PMP.v2026-04-20.q999 Actual Practice Test Engine for Free (Page 91)

Question 446

A software company is asked to build an application based on new technology for a new client who is unsure of their requirements. What contract type should the software company use to ensure risk is minimized?

A.Fixed price incentive fee contract (FPIF)
B.Firm fixed price contract (FFP)
C.Time and material contract (T&M)
D.Cost plus fixed fee contract (CPFF)

Question 447

You are reporting on project elements such as schedule status, deliverables completion, lessons learned, and resource utilization. Which of the following outputs of the Direct and Manage Project Execution does this describe?

A.Deliverable
B.Corrective action
C.Work performance information
D.Preventive action

Question 448

An input to Conduct Procurements is:

A.Independent estimates.
B.Seller proposals.
C.Resource calendars.
D.Selected sellers.

Question 449

A company is leading a project to develop a new product using an agile approach. A supplier was contracted to provide a solution for one of the product features based on mandatory scope, stable requirements, and fixed-price contract. During a meeting with the supplier, the project manager was informed that the company's business analyst also asked the supplier to add a solution for another feature as part of their deliverable.
What should the project manager do?

A.Add the feature to the supplier's requirement list so they can deliver it.
B.Ask the supplier to accommodate the additional scope under the current agreement.
C.Ensure the project team understands the agreement and contract in place with the supplier.
D.Monitor the work the business analyst is performing to avoid scope creep.

Correct Answer: C

According to the PMBOK Guide, 6th edition, section 12.2.2.4, the project manager should use procurement documentation to define and manage the contractual relationships with the suppliers. Procurement documentation includes the contract, the statement of work, the procurement management plan, and the source selection criteria. The project manager should ensure that the project team, including the business analyst, is aware of the terms and conditions of the contract and the scope of work that the supplier is expected to deliver.
Any changes or additions to the scope should be formally requested and approved through the change control process, as described in section 4.6. The PMI-PBA Guide, section 6.3.3.1, also supports this approach, as it states that the business analyst should follow the change management plan and the requirements management plan to manage changes to the requirements and to communicate them to the relevant stakeholders, including the suppliers. References:
* PMBOK Guide, 6th edition, section 12.2.2.4 and 4.6
* PMI-PBA Guide, section 6.3.3.1
According to the PMBOK Guide, 6th edition, section 12.2.2.4, the project manager should use procurement documentation to define and manage the contractual relationships with the suppliers. Procurement documentation includes the contract, the statement of work, the procurement management plan, and the source selection criteria. The project manager should ensure that the project team, including the business analyst, is aware of the terms and conditions of the contract and the scope of work that the supplier is expected to deliver.
Any changes or additions to the scope should be formally requested and approved through the change control process, as described in section 4.6. The PMI-PBA Guide, section 6.3.3.1, also supports this approach, as it states that the business analyst should follow the change management plan and the requirements management plan to manage changes to the requirements and to communicate them to the relevant stakeholders, including the suppliers. References:
* PMBOK Guide, 6th edition, section 12.2.2.4 and 4.6
* PMI-PBA Guide, section 6.3.3.1

Question 450

To estimate the costs of a new project that is similar to a project that was implemented last year, the project manager meets with a group of experts from the previous project. The group uses a three-point estimating technique. The project manager submits the estimated budget to the project sponsor for approval. The project sponsor, who is new to the company, is concerned because the budget exceeded their expectations.
What should the project manager do?

A.Change the budgeting technique to a more accurate, bottom-up cost estimation
B.Review the historical information and lessons learned from last year's project to justify the new budget estimate
C.Review the organizational process assessment to determine if a contingency reserve was considered in the budget estimate
D.Use soft skills to convince the project sponsor to approve the new budget estimate

Question 446

Question 447

Question 448

Question 449

Question 450

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