CompTIA Exam PK0-005 Topic 10 Question 8 Discussion

Actual exam question for CompTIA's PK0-005 exam

Question #: 8
Topic #: 10

A project manager is reviewing a signed legal document pertaining to the hiring of a vendor who will develop an experimental solution. The vendor could not provide accurate estimates at this time because the requirements will probably be changing. The document also contains information about the resources involved and the rates the vendor will charge for the work. Which of the following best describes the legal document the project manager is reviewing?

ATime and materials contract

BMaster service agreement

CFixed-price contract

DNon-disclosure agreement

Show Suggested Answer

Suggested Answer: C

Milestones are activities with zero duration that are added to a project schedule by a project manager. Milestones are significant events or achievements in a project that mark the completion of a phase, deliverable, or task. Milestones can help to track and measure the progress and performance of a project and communicate it to stakeholders.

by Sherita at Jul 27, 2023, 06:59 PM

Limited Time Offer

25%

Off

Get Premium PK0-005 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Ashton

1 months ago

I bet the vendor is hoping for a fixed-price contract, but the project manager is too smart for that. Gotta love these experimental solutions - they're like a box of chocolates, you never know what you're gonna get!

upvoted 0 times

...

Stefany

1 months ago

This has to be a time and materials contract. The inability to provide accurate estimates upfront is a classic sign of this type of agreement.

upvoted 0 times

Valentine

10 days ago

A) Time and materials contract

upvoted 0 times

...

Emogene

1 months ago

Haha, a non-disclosure agreement? Really? That's like trying to put a muzzle on a barking dog. This is clearly about the vendor's pricing and scope, not confidentiality.

upvoted 0 times

...

Nydia

1 months ago

I think it's a master service agreement. The document likely outlines the broader terms and conditions for the vendor's services, which can then be applied to specific projects.

upvoted 0 times

Marya

24 days ago

C: I agree with the user, it's most likely a master service agreement.

upvoted 0 times

...

Lynsey

26 days ago

B: I believe it's a fixed-price contract.

upvoted 0 times

...

Anisha

1 months ago

A: I think it's a time and materials contract.

upvoted 0 times

...

Ronna

2 months ago

Hmm, this seems to be a time and materials contract. The changing requirements and the lack of accurate estimates suggest a flexible approach rather than a fixed-price contract.

upvoted 0 times