GUARANTEE A+
✔✔Which of the following are possible outcomes of an RFI process? 2.) Decision to
make 3.) Send the project out under an RFP 4.) Kill the project - ✔✔2, 3, 4
✔✔How may a contract expire? - ✔✔Automatically
✔✔What is an example of a responsibility that may continue after a contract has ended
- ✔✔Confidentiality
✔✔What type of termination occurs when one party fails to meet its contractual
obligations? - ✔✔termination for cause
✔✔What type of termination occurs when the parties agree to end the contract by
agreement - ✔✔termination for convenience
✔✔When it comes to contract acceptance, what option does a customer have other
than granting unconditional or partial acceptance - ✔✔Total rejection
✔✔What is likely a cause of a contract dispute - ✔✔Inadequacies in the SOW
✔✔What is a dispute - ✔✔An issue between contracting parties that is unresolved
✔✔What is the best practice in relation to dispute management - ✔✔to have a workable
and agreed mechanism in the contract
✔✔Which of the following statements about dispute resolution is/are true? 2.) the legal
system will resolve the dispute unless there is agreement on a dispute revolution plan -
✔✔2
✔✔Which of these statements describes a typical mediation - ✔✔confidential but not
binding
✔✔In considering the impact of the contract change, what should team members
document and report - ✔✔Whether there is an impact on other terms
✔✔In designing a best practice change control and management system, what should
be taken into account - ✔✔Whether it is easy to find, access and monitor
✔✔What can result in an unauthorized change - ✔✔contact claim
, ✔✔which of the following possible impacts of a contract change on performance are
ordinarily true? 1.) may improve or get worse 2.) KPIs may change or new KPIs
established 4.) new SLAs may need to be established. - ✔✔1, 2, 4
✔✔Who can initiate a change request? 1.) the customer 2.) the supplier - ✔✔1 and 2
✔✔payment is a critical issue for both parties in terms of _________, accuracy, and
amounts - ✔✔timing
✔✔what are the trinity of contract and project management - ✔✔scope, schedule, and
cost
✔✔what is a method for the customer and supplier to confirm progress against the
contract - ✔✔documentary records
✔✔when a target date is missed and the deliverable subsequently accepted on a later
date, what is the best practice approach to take - ✔✔record the problem and resolve it
immediately
✔✔Which of the following are documentary records to defend against against a supplier
claim? 1.) request for proposal 3.) progress reports 4.) payment authorizations - ✔✔1, 3
and 4
✔✔emerging practice identifies post-signature contract management as being a
framework for what? - ✔✔delivering effective contract outcomes
✔✔what is included in the contract - ✔✔anything that is referenced as part of the
contract
✔✔which core contract element addresses what the contract is about - ✔✔scope
✔✔which core contract element identifies whether the contract is working - ✔✔service
levels (SLAs), metrics, milestones
✔✔who should be involved in the formal contract handover meeting - ✔✔the bid,
negotiation, and implementation team
✔✔best practice corporations will do which of the following? 1.) ensure a healthy
overlap between legal terms and financial terms during negotiation - ✔✔1 only
✔✔In a price analysis, which of these terms will have the greatest bearing on cost? -
✔✔warranty performance