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Practice PMI PMP®PMP Process Domain Practice ExamQuestion 40

Hard1 markMultiple Choice

Task 11: Plan and manage procurementTask 11AgileProcurement

PMP · Question 40 · Task 11: Plan and manage procurement

An agile project needs to outsource a specific component. The team wants to collaborate closely with the vendor, sharing risks and rewards. Which contract structure supports this?

Answer options:

A.

Standard Fixed Price

B.

Dynamic (Agile) Contract with optional scope clauses

C.

Purchase Order

D.

Cost Plus Percentage of Cost

How to approach this question

Look for the option that allows flexibility and shared goals.

Full Answer

B.Dynamic (Agile) Contract with optional scope clauses✓ Correct

Task 11. Agile procurement favors flexible arrangements where scope can be swapped or cancelled early (shared risk/reward).

Common mistakes

Assuming Fixed Price is safe (it's rigid).

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