\fQuestion 10 1 pts If you are the buyer, a risk you face with a time and materials contract is that your vendor may try to work slowly and bill you for more hours. What can you do to prevent this? Select the most appropriate option. 0 Place a "not-to-exceed" clause into the contract to cap the amount that can be billed 0 Nothing. Either pay them or re them that's how contracts work 0 Refuse to pay them for the hours you believe are \"extra\" 0 Stop all payments but require the vendor to keep working until the issue is resolved \fQuestion 3 1 pts Based on Sarah's disappointment with the website enhancements and Jim's surprise that the project was not considered to be successful, which one of the following pairs of items could have helped Sarah and Jim share the same expectations regarding project success? Select the most appropriate option. 0 Project quality objective and a corresponding quality metric 0 Project quality objective and a corresponding quality metric 0 Project quality objective and a project risk register O Project quality rules and project quality audits Question 4 1 pts Which one of these represents the BEST quality metric for the website enhancement project? Select the most appropriate option. 0 Increase website trafc by 25% after project implementation measured by comparing site visits during the most recent pre-implementation month, calculating a 25% increase, and then measuring site visits during the post- implementation month to determine if the number of visits during the post- implementation month equals a 25% increase 0 Increase website trafc by 25% on Mondays and Fridays of each week, sign on to the website on those days and observe trafc, note whether or not there appear to be more visitors. Document how many visitors came to the site on the Monday and Friday immediately following the implementation 0 Increase website trafc by 25% after project implementation by installing a survey on the website that asks visitors if this is their rst visit to the website. If this is their rst visit, then they are counted as new trafc. Total the amount of new trafc. Compare the new trafc to the old trafc to determine if it is equal to a 25% increase 0 No answer text provided. \fQuestion 6 1 pts Sarah says, "Their payment should have been tied to specic incentives incentives that are mapped to the increases we wanted to see.\" What type of contract best ts her description? Select the most appropriate option. 0 Cost plus incentive 0 Time and materials 0 Fixed-price O Cost plus xed fee Question 7 1 pts What do these three types of contracts have in common: cost plus incentive, cost plus xed-fee, and cost plus award fee? Select the most appropriate option. 0 Each is intended for situations where the requirements are unclear 0 Each represents a low amount of risk to the buyer and the vendor O Each is intended to introduce more risk to the project 0 Each assumes that costs will be out of control Question 8 1 pts You and your team have had the opportunity to fully dene your project scope and you have created a detailed requirements document for your vendor. In the past, you have always worked on a time and materials basis with your vendor. Now, your organization has a procurement manager who is insisting that the contract be a xed-price contract. Why do you think your procurement manager wants the xed-price contract? Select the most appropriate option. 0 She recognizes that when the requirements are clear and rates are likely to remain stable, the xed-price contract will be best for your organization Q It is usual and customary for a new manager to want to change things to suit his/her own professional style. That is what she is doing 0 The new procurement manager does not understand that you have an existing working relationship with the vendor 0 She wants to impress the CEO by decreasing contract cost, taking advantage of the fact that the xed-price amount is less than the actual spend on the previous time and materials contract D Question 9 1 pts If you are the vendor and want to select the contract that has the least amount of risk to YOU. Which contract type would you select? Select the most appropriate option. 0 Cost plus xed-fee 0 Flat fee 0 Fixed-price