The PMO is recommending that you use fixed price (FP, or lump sum, or firm fixed price) contracts on all vendor contracts because you will have the least cost risk. The contract information should be:

Includes questions from the following tasks:     Task 1 Review and assess detailed project requirements, constraints, and assumptions with stakeholders based on the project charter and lessons learned and by using requirement-gathering techniques in order to establish detailed project deliverables.     Task 2 Develop a scope management plan, based on the approved project scope and using scope management techniques, in order to define, maintain, and manage the scope of the project.     Task 3 Develop the cost management plan based on the project scope, schedule, resources, approved project... Show more

Includes questions from the following tasks:    
Task 1 Review and assess detailed project requirements, constraints, and assumptions with stakeholders based on the project charter and lessons learned and by using requirement-gathering techniques in order to establish detailed project deliverables.    
Task 2 Develop a scope management plan, based on the approved project scope and using scope management techniques, in order to define, maintain, and manage the scope of the project.    
Task 3 Develop the cost management plan based on the project scope, schedule, resources, approved project charter, and other information, using estimating techniques, in order to manage project costs.    
Task 4 Develop the project schedule based on the approved project deliverables and milestones, scope, and resource management plans in order to manage timely completion of the project.    
Task 5 Develop the human resource management plan by defining the roles and responsibilities of the project team members in order to create a project organizational structure and provide guidance regarding how resources will be assigned and managed.    
Task 6 Develop the communications management plan based on the project organizational structure and stakeholder requirements in order to define and manage the flow of project information.    
Task 7 Develop the procurement management plan based on the project scope, budget, and schedule in order to ensure that the required project resources will be available.    
Task 8 Develop the quality management plan and define the quality standards for the project and its products, based on the project scope, risks, and requirements, in order to prevent the occurrence of defects and control the cost of quality.    
Task 9 Develop the change management plan by defining how changes will be addressed and controlled in order to track and manage change.    
Task 10 Create a risk management plan by identifying, analyzing, and prioritizing project risk; creating the risk register; and defining risk response strategies in order to manage uncertainty and opportunity throughout the project life cycle.    
Task 11 Present the project management plan to the relevant stakeholders according to applicable policies and procedures in order to obtain approval to proceed with project execution.    
Task 12 Conduct kick-off meeting, communicating the start of the project, key milestones, and other relevant information, in order to inform and engage stakeholders and gain commitment.    
Task 13 Develop the stakeholder management plan by analyzing needs, interests, and potential impact in order to effectively manage stakeholders’ expectations and engage them in project decisions.    
The planning domain accounts for 24% (48) of the questions on the PMP exam.

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