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Your company is involved in a integrated circuit project in which the information and intellectual property associated with it are highly sensitive resulting in the only product in this market. The project will involve people from a variety of skill sets on the project. Given this, which of the following would make the most sense when planning the project?

(a) The company outsourcing and having the partner sign a non-disclosure agreement
(b) Having only the creators of the idea work on the project to control who knows about the intellectual property
(c) Outsourcing to an offshore development facility so your local competitors won't know your intellectual property details
(d) The company making the product internally

Cost Plus Fixed Fee Contract (CPFF)

A contract in which the supplier receives payment for allowable costs plus a fixed fee payment typically based on a percentage of estimated costs

Which of the following best describes risk that could occur in a technology company selling products worldwide?

(a) Negative events
(b) Positive events
(c) Either a negative or positive event (Correct)
(d) Something that has already happened

Explanation: Risk can be of negative or positive consequence on a project. It is something that can happen but hasn't yet. Risk involves uncertainty that is why it involves what could happen, not what has happened.

For more questions, terminology and other exercises please see the PMP® Exam Success Series: Certification Exam Manual at www.c rosswind pm.com

Question of the Day

Your company is involved in a integrated circuit project in which the information and intellectual property associated with it are highly sensitive resulting in the only product in this market. The project will involve people from a variety of skill sets on the project. Given this, which of the following would make the most sense when planning the project? (a) The company outsourcing and having the partner sign a non-disclosure agreement (b) Having only the creators of the idea work on the project to control who knows about the intellectual property (c) Outsourcing to an offshore development facility so your local competitors won't know your intellectual property details (d) The company making the product internally

Terminology of the Day

Cost Plus Fixed Fee Contract (CPFF) A contract in which the supplier receives payment for allowable costs plus a fixed fee payment typically based on a percentage of estimated costs

Answer and Explanation to Yesterday's Question

Which of the following best describes risk that could occur in a technology company selling products worldwide? (a) Negative events (b) Positive events (c) Either a negative or positive event (Correct) (d) Something that has already happened Explanation: Risk can be of negative or positive consequence on a project. It is something that can happen but hasn't yet. Risk involves uncertainty that is why it involves what could happen, not what has happened. For more questions, terminology and other exercises please see the PMP® Exam Success Series: Certification Exam Manual at www.c rosswind pm.com