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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?
Suggested Answer: B
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40 comments · newest first
BR
Brinda
12 months ago
Surprised FP is the top choice, I thought T&M was more flexible!
LA
Lacey
1 year ago
Cost reimbursable (CR) could lead to overspending, not ideal here.
CH
Charisse
1 year ago
Wait, are we sure FP is best? What if requirements change?
VE
Verda
1 year ago
I agree, FP minimizes risk for both parties.
GE
Geoffrey
1 year ago
Fixed price (FP) is definitely the way to go for detailed requirements!
GE
Geoffrey
1 year 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.
DE
Denny
1 year ago
I practiced a similar question where fixed price was recommended for well-defined projects. I think B is definitely the way to go!
PA
Pansy
1 year 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?
FR
France
1 year 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.
AS
Ashley
1 year 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.
SU
Susana
1 year 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.
FA
Fausto
1 year 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.
AM
Amber
1 year 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.
VA
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?
IN
India
1 year ago
D: I think Cost plus fixed fee (CPFF) could be a good option too.
TA
Tayna
1 year ago
C: Cost reimbursable (CR) might also work well with detailed requirements.
FR
Freida
1 year ago
B: I agree, Fixed Price (FP) is the best choice for this scenario.
RI
Ricarda
1 year ago
A: If the requirements are detailed, I would go with Fixed Price (FP).
GI
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!
CH
Chan
1 year ago
Cost reimbursable (CR) could also work well for this project since the requirements are detailed.
AU
Audra
1 year ago
I think the fixed price (FP) contract might be a safer choice to avoid any unexpected costs.
DE
Denny
1 year ago
I agree, the cost-plus-fixed-fee (CPFF) contract seems like the best option for this project.
EL
Eladia
2 years 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.
MO
Monroe
1 year ago
A: Yeah, cost reimbursable (CR) might introduce more risk in this case.
AL
Alline
1 year ago
B: I agree, with complete and detailed requirements, fixed price (FP) would provide more certainty.
SI
Sina
1 year ago
A: I think fixed price (FP) would be the best option for this project.
LI
Lindsey
2 years 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.
HE
Helene
1 year ago
I agree, with detailed requirements, a fixed-price contract makes the most sense.
RE
Renay
2 years ago
Fixed price (FP) would be the best option for this project.
CR
Cristal
2 years ago
I prefer Cost reimbursable (CR) because it allows for more flexibility in case requirements change.
IV
Ivory
2 years ago
I agree with Cherri. Fixed price (FP) provides clear cost expectations for both parties.
CH
Cherri
2 years ago
I think the best contract type would be Fixed price (FP).
CH
Chi
2 years 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.
CL
Clay
1 year ago
D: I think we should go with a fixed-price contract for this project.
JO
Josefa
1 year ago
C: True, but a fixed-price contract provides more certainty for both parties.
BO
Bok
1 year ago
B: But what about cost reimbursable contracts? They offer flexibility in case of changes.
LU
Luisa
2 years ago
A: I agree, a fixed-price contract is the way to go for a project with detailed requirements.
ED
Edna
2 years ago
I disagree. I think Cost reimbursable (CR) would be better in case of any changes in requirements.
AL
Albina
2 years ago
I agree with Dannette. Fixed price (FP) provides a clear cost upfront.
DA
Dannette
2 years ago
I think the best contract type would be Fixed price (FP).