PMP Exam Simulator

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info iconPMP exam lasts 4h and has 200 questions
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lock iconProcurement Management

The project manager is overseeing the project to develop a GPS device. His team has completed the finance, sales and design part. This morning, the project manager has been informed that the client terminated the project as they found a cheaper solution already available on the market and they no longer want the project to continue. Which of the following statements is TRUE?