August 2000
PM217 : PROJECT MANAGEMENT

QUESTION 5

Total Marks: 15 Marks

• Question 1
• Question 2
• Question 3
• Question 4
• Cover Page

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SUGGESTED SOLUTIONS
for Question 5

(a) What is outsourcing and what is the primary reason for its use? [2]

(b) (i) What is a contract? Give an example of a simple contract and a
sophisticated contract. [3]
(ii) Identify the two phases of the contract process and explain what is
involved in each phase. [4]

(c) (i) What are the two most commonly employed types of contract? [2]
(ii) What are the key features of each of these two types of contract?
Illustrate your answer with a numerical example. [4]