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CAPM · Question #11

Which is a major component of an agreement?

The correct answer is A. Change request handling. Agreements (contracts) contain several major components, and change request handling is one of the key elements that governs how modifications to the contract are processed.

Predictive, Plan-Based Methodologies

Question

Which is a major component of an agreement?

Options

  • AChange request handling
  • BRisk register templates
  • CLessons learned register
  • DProcurement management plan

How the community answered

(56 responses)
  • A
    91% (51)
  • B
    4% (2)
  • C
    4% (2)
  • D
    2% (1)

Why each option

Agreements (contracts) contain several major components, and change request handling is one of the key elements that governs how modifications to the contract are processed.

AChange request handlingCorrect

Change request handling is a major component of an agreement because contracts must define the process by which either party can request modifications to the agreed-upon scope, deliverables, or terms. Without this component, the agreement lacks a mechanism for managing inevitable changes during the procurement lifecycle. PMBOK lists change request handling among the standard elements found in formal agreements.

BRisk register templates

A risk register template is a project management artifact used to track identified risks, not a standard component of a procurement agreement.

CLessons learned register

A lessons learned register is a project document used to capture knowledge gained during the project, not a contractual component of an agreement.

DProcurement management plan

The procurement management plan guides how procurements will be planned and managed, but it is a project planning document separate from the agreement itself.

Concept tested: Major components of a procurement agreement

Source: https://www.pmi.org/pmbok-guide-standards/foundational/pmbok

Topics

#Procurement Agreements#Contract Components#Change Control

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