________ transfers project activities and certain decision rights to an external entity, by contract, with specific performance measures, related rewards (generally monetary), penalties (again generally monetary), and exit clauses defined.
A) Procurement management
B) Project termination
C) Outsourcing
D) Risk transference

Question

Quizplus · Accepted Answer

Outsourcing is the practice of transferring project activities and certain decision rights to an external entity by contract. This involves defining specific performance measures, rewards, penalties, and exit clauses. The other options do not necessarily involve transferring project activities to an external entity by contract.

________ Transfers Project Activities and Certain Decision Rights to an External