An) _____ Defines the Relationship Between the Project and the Subcontractors

question 61

Multiple Choice

An) _____ defines the relationship between the project and the subcontractors, and also defines a process for making changes in the agreement.

• A) risk mitigation plan
• B) master plan
• C) project execution plan
• D) organization plan
• E) contracting plan

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Definitions:

Probability

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1.

Bullwhip Effect

A phenomenon in supply chains where small fluctuations in demand at the retail level cause progressively larger fluctuations in demand at the wholesale, distributor, and manufacturer levels.

Order Size

The quantity of goods a company purchases or produces in a single order to meet its demand while minimizing costs.

Disaster Risk

The likelihood of loss of life, injury, or destruction and damage from a disaster in a given period.