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BCS ISEB-PM1 Exam - Topic 4 Question 56 Discussion

A project manager is asked to select a contract type for a new software development project that has complete, detailed requirements. Which is the BEST contract to choose?
B) Fixed price (FP)
A) Cost reimbursable (CR)
C) Time and material (T&M)
D) Cost plus fixed fee (CPFF)

BCS ISEB-PM1 Exam - Topic 4 Question 56 Discussion

Actual exam question for BCS's ISEB-PM1 exam
Question #: 56
Topic #: 4
[All ISEB-PM1 Questions]

A project manager is asked to select a contract type for a new software development project that has complete, detailed requirements. Which is the BEST contract to choose?

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Suggested Answer: B

by Lawrence at May 29, 2023, 09:16 PM

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Brinda
9 months ago
Surprised FP is the top choice, I thought T&M was more flexible!
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Lacey
9 months ago
Cost reimbursable (CR) could lead to overspending, not ideal here.
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Charisse
9 months ago
Wait, are we sure FP is best? What if requirements change?
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Verda
9 months ago
I agree, FP minimizes risk for both parties.
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Geoffrey
9 months ago
Fixed price (FP) is definitely the way to go for detailed requirements!
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Geoffrey
10 months ago
I have a vague memory of time and material contracts being used for projects with evolving requirements, which makes me lean away from C.
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Denny
10 months ago
I practiced a similar question where fixed price was recommended for well-defined projects. I think B is definitely the way to go!
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Pansy
10 months ago
I'm not entirely sure, but I feel like cost reimbursable contracts are better for projects with uncertain requirements. So maybe A isn't the best here?
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France
10 months ago
I remember discussing that fixed price contracts are usually best when requirements are clear and detailed, so I think B might be the right choice.
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Ashley
10 months ago
Hmm, this looks like a tricky one. I'll need to carefully read through the details and think about how the Azure policy will interact with the existing NSGs.
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Susana
10 months ago
This is a straightforward question, I'll go with option C. It makes sense to size the resources based on the latest documented recommendations plus the specific requirements of the applications being automated.
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Fausto
10 months ago
Okay, let me see. I believe the SDA is responsible for updating the SKMS with new known errors, as well as reporting on the incident performance of resolver groups. But I'm not 100% sure about the other responsibilities.
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Amber
10 months ago
Okay, let me think this through. We're migrating to Cloud DNS, so we want to use the `gcloud dns record-sets import` command. The question mentions a BIND zone file, so I'm guessing we don't need to delete all the existing records. I'll go with option A.
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Vallie
1 year ago
Somebody call the PMI helpline, I'm stuck choosing between these options! Where's the 'All of the Above' option when you need it?
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India
1 year ago
D: I think Cost plus fixed fee (CPFF) could be a good option too.
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Tayna
1 year ago
C: Cost reimbursable (CR) might also work well with detailed requirements.
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Freida
1 year ago
B: I agree, Fixed Price (FP) is the best choice for this scenario.
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Ricarda
1 year ago
A: If the requirements are detailed, I would go with Fixed Price (FP).
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Giuseppe
1 year ago
I'd go with the cost-plus-fixed-fee (CPFF) contract. That way, the project manager can recoup their costs and still make a decent profit. It's a win-win!
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Chan
1 year ago
Cost reimbursable (CR) could also work well for this project since the requirements are detailed.
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Audra
1 year ago
I think the fixed price (FP) contract might be a safer choice to avoid any unexpected costs.
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Denny
1 year ago
I agree, the cost-plus-fixed-fee (CPFF) contract seems like the best option for this project.
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Eladia
1 year ago
Hold on, what about time and material (T&M)? That way, the project manager can bill for the actual time and resources used, which could be better for a complex software project.
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Monroe
1 year ago
A: Yeah, cost reimbursable (CR) might introduce more risk in this case.
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Alline
1 year ago
B: I agree, with complete and detailed requirements, fixed price (FP) would provide more certainty.
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Sina
1 year ago
A: I think fixed price (FP) would be the best option for this project.
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Lindsey
1 year ago
Hmm, a fixed-price contract seems like the obvious choice here. The requirements are well-defined, so the project manager can accurately estimate the cost and timeline.
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Helene
1 year ago
I agree, with detailed requirements, a fixed-price contract makes the most sense.
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Renay
1 year ago
Fixed price (FP) would be the best option for this project.
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Cristal
1 year ago
I prefer Cost reimbursable (CR) because it allows for more flexibility in case requirements change.
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Ivory
1 year ago
I agree with Cherri. Fixed price (FP) provides clear cost expectations for both parties.
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Cherri
1 year ago
I think the best contract type would be Fixed price (FP).
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Chi
1 year ago
I think the best contract type for a project with complete, detailed requirements is a fixed-price (FP) contract. It provides a clear and predictable cost for the client.
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Clay
1 year ago
D: I think we should go with a fixed-price contract for this project.
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Josefa
1 year ago
C: True, but a fixed-price contract provides more certainty for both parties.
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Bok
1 year ago
B: But what about cost reimbursable contracts? They offer flexibility in case of changes.
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Luisa
1 year ago
A: I agree, a fixed-price contract is the way to go for a project with detailed requirements.
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Edna
1 year ago
I disagree. I think Cost reimbursable (CR) would be better in case of any changes in requirements.
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Albina
1 year ago
I agree with Dannette. Fixed price (FP) provides a clear cost upfront.
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Dannette
1 year ago
I think the best contract type would be Fixed price (FP).
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