Determining Whether the Contract Needs to Be Amended Refers to Which

question 36

Multiple Choice

Determining whether the contract needs to be amended refers to which of the following Project Procurement Management processes?

• A)Plan Procurements
• B)Conduct Procurements
• C)Administer Procurements
• D)Close Procurements
• E)Plan Exit Strategy

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Definitions:

Required Rate

The minimum expected rate of return on an investment, necessary to compensate for the risk taken.

Floating Rate Bond

A type of bond whose interest payments vary with changes in market interest rates, also known as a floater or variable rate bond.

Variable Amount

A sum that can change over time or depending on conditions, in contrast to a fixed amount.

Coupon Interest

The fixed interest rate paid by a bond, typically annually or semi-annually.