PMI Scheduling Professional Certification (PMI-SP) Practice Exam

What does a contract change control system do?

1. Collects changes to project scope

2. Tracks and communicates changes to a contract

3. Adjudicates project risks

4. Documents stakeholder agreements

The correct answer is: Tracks and communicates changes to a contract

A contract change control system is essential in project management because it specifically focuses on the management of changes to contracts throughout the project lifecycle. This system serves a vital role in ensuring that any modifications to the terms, conditions, or scope defined in the contract are properly documented, communicated, and authorized, thereby maintaining clarity and agreement among stakeholders. By providing a structured process for managing contract changes, the system helps prevent misunderstandings or disputes that can arise from unauthorized changes. It ensures that all changes are traceable and that their impacts on the project's deliverables, timelines, and costs are carefully evaluated and assessed before approval. This systematic approach is crucial for maintaining the integrity of the contract and for ensuring that all parties are aware of any updates or changes that may affect the project's execution. The other options, while they touch on important aspects of project management, do not accurately capture the specific function of a contract change control system. For instance, while changes to project scope may be documented, the primary focus here is on the contractual aspect and how changes impact the contractual relationship. Similarly, while understanding project risks is important, the adjudication of risks falls under a different process that does not specifically pertain to contract management. Finally, while documenting stakeholder agreements is essential for overall project