1 1 point Which of the following is not a function of the contract administration activity? Determination of contract breach Selection of the project manager Specification Interpretation O Contract change management2 1 point A fixed-price contract is typically sought by the project manager from the customer's organization when O The project manager's company is proficient at dealing with the contracted activities. O Neither the contractor nor the project manager understand the scope of the task. The project manager's company has excess production capacity. O The risk associate and consequences associated with the contract risk are large and customer wishes to transfer the risk3 1 point In which type of contract arrangement is the contractor at the most risk of absorbing all cost overruns? O Cost Plus Incentive O Cost Plus O Firm Fixed Price O Fixed Price Incentive1 point Which of the following contract share in the risk and savings between owner and contractor Q FFP 5 1 point The contract which is more suited for long-duration or R& D type projects is O FPIF CPFF FFP O CPIF