Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1) in contract development with the sales team and wants to ensure that development costs do not impact the profitability of the project. Which two

1)

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
in contract development with the sales team and wants to ensure that development costs do not impact the profitability of the project. Which two controls should the project manager incorporate into the contract to specifically address the development of the core component? (Choose two) I A. Tier the contract for fixed and agile components I B. Limit the number of iterations for development in the contract. I C. Provide alternatives to scope change at specific project phases within the contract. I D. Establish a governance committee to review the contract delivery I E. Require that only internal resources be utilized for this project Some of the mote experienced members of a project team have complained about the project manager The senior project team members feel that the project manager is micromanaging them and preventing them from completing their work. What should the project manager do when made aware of theseissues? . A. Ask for advice on how to be a better mentor to these team members. . B. Set up a team building event to bring synergy back to the project team. . C. Adjust the project manager's management style to better fit senior team members. . D. Meet daily with each senior team member to monitor project status 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. For an agile pilot project, the sponsor arranged an early product demonstration for the customer. During the meeting, the customer realizes that a new feature will significantly improve the product After collecting the new requirements, what should the project manager do? . A. Assess the impact of the new requirements and initiate the change request process. . B. Work with the product manager and the rest of the team to update the project backlog. . C. Assess the impact and communicate the updated product roadmap to the stakeholders. . D. Follow the change management plan to update the risk register so It accounts for the added scope

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operations Management

Authors: Jay Heizer, Barry Render

11th edition

9780132921145, 132921146, 978-0133408010

More Books

Students also viewed these General Management questions

Question

5. How much does HLL `pay for all the assets listed in Q3?

Answered: 1 week ago