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In considering a make or buy analysis with business goals your company has all of the following are reasons for outsourcing work except?

(a) Your company doesn't possess the skills needed for the work
(b) Your company doesn't have excess capacity for the work
(c) Your company isn't concerned about protecting the information associated with the work
(d) Your company has excess capacity for the work

Firm-Fixed-Price (FFP) Contract

A contract in which the seller provides products or services from a well defined Scope of work for a set price

The Department of Defense is involved in performing risk reviews as part of their overall risk strategy. Which of the following best describes Risk Reviews?

(a) Determining what risks are on the project
(b) Determining what the characteristics of the risks are on the project
(c) Determining the validity of the documented risks and looking for any new risks that could occur (Correct)
(d) Determining who will implement a Risk Response Plan

Explanation: Risk Reviews verify that the risks are still valid and that no new risks have appeared on the project. The other three answers come before or after Risk Reviews.

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

In considering a make or buy analysis with business goals your company has all of the following are reasons for outsourcing work except? (a) Your company doesn't possess the skills needed for the work (b) Your company doesn't have excess capacity for the work (c) Your company isn't concerned about protecting the information associated with the work (d) Your company has excess capacity for the work

Terminology of the Day

Firm-Fixed-Price (FFP) Contract A contract in which the seller provides products or services from a well defined Scope of work for a set price

Answer and Explanation to Yesterday's Question

The Department of Defense is involved in performing risk reviews as part of their overall risk strategy. Which of the following best describes Risk Reviews? (a) Determining what risks are on the project (b) Determining what the characteristics of the risks are on the project (c) Determining the validity of the documented risks and looking for any new risks that could occur (Correct) (d) Determining who will implement a Risk Response Plan Explanation: Risk Reviews verify that the risks are still valid and that no new risks have appeared on the project. The other three answers come before or after Risk Reviews. For more questions, terminology and other exercises please see the PMP® Exam Success Series: Certification Exam Manual at www.c rosswind pm.com