Question 1211 · 1401 in bank
A project manager for a maintenance project has a contract that is renewed annually. The project started 6 years ago. After contract renewal this year the auditors reported that this version of the contract violates a new law that was passed last year. What has happened in this situation?
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Answer: A
Explanation
The situation described indicates that **A. The contract has not been appropriately reviewed by the project team**. When a contract is renewed, it should be reviewed to ensure that it complies with all current laws and regulations. In this case, a new law was passed last year, but the renewed contract violates this law. This suggests that the project team did not properly review the contract in light of the new law before renewing it. It's important for project teams to stay up-to-date with relevant laws and regulations to avoid such issues.
Source: Adapted from community discussion — josephsafiran