PMP Exam Simulator

alarm icon
4h 0m 0s
info iconPMP exam lasts 4h and has 200 questions
info iconUse acceleration to have extra 30m in reserve on exam

lock iconProcurement Management

You are a project manager in a large organization. You have a meeting with the sponsor to discuss what type of contract to use on the project. The sponsor reminds that a lot of money has been paid to a design team for the unique design. The project manager recommends a fixed-price contract because he is concerned that the risk for the buyer be as small as possible. An advantage of a fixed-price contract for the buyer is that: