Assessment questions

Question 1

You are working with your procurement administrator and determining what the best contract type should be for acquiring the equipment you need. You are concerned about your budget because you are working with a funding limit and need to keep the cost risks low. What is the best contract type to use in this situation?

1. Fixed-price
2. Cost-reimbursable
3. Time and materials
4. Service level agreement

Question 2

Your organization has used the ABC company for years to help with large installs of server upgrades in multiple locations, and Doug has been the resource assigned to your projects. You and Doug have a good working relationship, and you trust him to get the job done. The ABC company has signed a fixed-price incentive fee contract and has stipulated that Doug will get his incentives when the customer validates the scope. In the middle of the project, Doug comes to you and ask for his incentives early because he always gets his...