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What is the purpose of a contract?

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What is the purpose of a contract? DQ1 1.    What is the purpose of a contract?   2.    What is outsourcing? How does it relate to Project Procurement Management?   3.    What is offshoring or offshore outsourcing?   4.    Why is writing a good contract important for an outsourcing relationship?   5.    What are some hidden costs of outsourcing? Why is it important to consider these costs?   DQ2 1.    What qualities are required for a good project manager?   2.    Describe the five practices for exemplary leadership.   3.    What is emotional intelligence?   4.    What is the definition of ethics?   5.    Define culture.   6.    How can a project manager change, maintain or create culture?

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