RISK MANAGEMENT

1:A project manager discovers that there is a part of the project that contains some risk. His strategy with this risk is to subcontract the work to an outside supplier by using a firm fixed price contract. Which of the following must the project manager do?
  1. The project manager should make certain that the project team does not reveal the risk to the supplier until the contract is signed.

  2. The project manager should make every effort to make sure that the supplier is made aware of the risk after the contract is signed.

  3. The project manager should make sure that the supplier understands the risk before the contract is signed.

  4. The project manager should assign a member of the project team to monitor the activity of the supplier to make ...

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