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NEW QUESTION: 1
According to ITIL@ v3 framework, which improvement should be implemented if there is an increase in the number of false positive auto-generated incidents?
A. Update the service desk procedures.
B. Modify the incident management system classifications.
C. Modify the thresholds in the network management system.
D. Update the known error database.
Answer: C
NEW QUESTION: 2
Rick is the project manager for TTM project. He is in the process of procuring services from vendors. He makes a contract with a vendor in which he precisely specifies the services to be procured, and any changes to the procurement specification will increase the costs to the buyer. Which type of contract is this?
A. Fixed Price Incentive Fee
B. Fixed Price with Economic Price Adjustment
C. Firm Fixed Price
D. Cost Plus Fixed Fee Contract
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Answer option A is correct.
Rick has prepared a Firm Fixed Price contract (FFP). In such contracts, the buyer must precisely specify the product or services to be procured, and any changes to the procurement specification can increase the costs to the buyer. This is the most commonly used contract type.
Answer option B is incorrect. In Firm Price Incentive Fee (FPIF) contracts, a price ceiling is set, and all costs above the price ceiling are the responsibility of the seller, who is obligated to complete the work.
Answer option C is incorrect. Fixed Price with Economic Price Adjustment (FP-EPA) is intended to protect both buyer and seller from external conditions beyond their control.
Answer option D is incorrect. Cost Plus Fixed Fee Contracts charge back all project costs to the seller and include a fixed fee upon completion of the contracts.
Reference: The Project Management Body of Knowledge, Fifth edition, Section 12.1.1.9, Page 362 Chapter: Procurement and Project Integration Objective: Contract Types and Contract Negotiations
NEW QUESTION: 3
A. Option B
B. Option A
C. Option E
D. Option D
E. Option C
Answer: A,B,E