PMP Exam Question 92

Aligned with PMBOK 6th EditionĀ®.

Project Agreements :

You have been hired to manage a new external project for an organization. Your project sponsor would like to establish an agreement considering money exchange between parties. Which document includes that?

A. The project charter.
B. A formal contract.
C. The business management plan.
D. The project management plan.

1 responses on "PMP Exam Question 92"

  1. PMP Solution 92

    A. The project charter establishes a partnership between the performing and requesting organizations. However, it is not considered to be a contract because there is no consideration for money promised or exchanged in its creation.
    C. The business management plan is not a document mentioned in PMBOK 6th Edition.
    D. The project management plan is the document that describes how the project will be executed, monitored and controlled, and closed. It integrates and consolidates all of the subsidiary management plans and baselines, and other information necessary to manage the project.

    In the case of external projects, a formal contract is typically the preferred way to establish an agreement. Therefore, right answer is B. [PMBOK 6th edition, Page 77] [Project Integration Management]


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