SOFTWARE PROJECT MANAGEMENT
RISK MANAGEMENT
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Question
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Question 30 of 100Question ID:612371During project execution, a vendor is not able to deliver on their contract. Before executing on the previously planned risk response of contacting a secondary vendor, the risk owner goes on vacation and delegates the finalization of the procurement to a project team member. Unfortunately, the project team member forgets to complete the procurement process.Who is ultimately accountable for ensuring the implementation of the risk response plan in this situation?
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ARisk owner
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BProject manager
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CProject sponsor
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DTeam member
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Explanation:
Detailed explanation-1: -Generally you’ll come across one of three types of contract on a project: fixed price, cost-reimbursable (also called costs-plus) or time and materials.
Detailed explanation-2: -Vendor managers facilitate and maintain relationships between your organization and vendors/partners, negotiating contracts, creating standards for the vendors, and finding the best available vendors.
There is 1 question to complete.