PM Question of the Week - week 1 2015
Dear colleague, welcome to the first "PM question of the week" for 2015!
Let's kick start the new year testing your knowledge about project procurement management.
Answer to question and explanation
The correct answer is a. Signed contract.
Explanation: the logic behind this question is quite simple. First of all, in order to develop a Statement Of Work, that is that part of a procurement documents describing the goods or services to be purchased, you need to factor in the time, cost and schedule constraints of the project, that is options b. c. and d. are all necessary. Moreover
a. Signed contract. is clearly wrong because in order to produce a contract you need the SOW in the first place.