PMP Quiz 26 February 2018

You are working on a project that management has decided to terminate early, because the product was rendered obsolete by the introduction of new technology by a competitor. You have awarded a contract for part of the project that will be terminated, and fortunately have a clause that enables you to terminate it for convenience at any time. This means that—
  • Your contractual obligations are complete once you issue the termination for convenience
  • You may need to compensate the seller for seller preparations and for any completed or accepted work
  • You need to compensate the seller only for accepted work that was completed prior to the termination order
  • Specific rights and responsibilities are determined once the termination order is issued