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PMP micro learning videos Series - PMP Free Question 7: Contract payment terms not defined

Posted: Fri Mar 01, 2019 6:34 am
by seema.sonkiya
The video starts with the question :

Your company has signed a contract with an external customer for executing the project, and you find that the contract payment terms are not well defined, what do you do next?

A. Understand the Contract Change Management Process
B. Propose New Payment terms to the customer
C. Discuss this in an upcoming meeting
D. Record the risks in Project Charter

What a Project Manager do when he discovers a problem which needs stakeholder attention?
Should the Project Manager share the problem as he discovers or he works on it and find some alternatives and share it?

The project manager should understand the current payment terms and also explore how to change them.

Watch this video for the correct answer.

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