BCS Exam ISEB-PM1 Topic 4 Question 56 Discussion

Actual exam question for BCS's ISEB-PM1 exam

Question #: 56
Topic #: 4

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?

ACost reimbursable (CR)

BFixed price (FP)

CTime and material (T&M)

DCost plus fixed fee (CPFF)

Show Suggested Answer

Suggested Answer: B

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

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Vallie

3 months 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 months ago

D: I think Cost plus fixed fee (CPFF) could be a good option too.

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Tayna

1 months ago

C: Cost reimbursable (CR) might also work well with detailed requirements.

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Freida

2 months ago

B: I agree, Fixed Price (FP) is the best choice for this scenario.

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Ricarda

3 months ago

A: If the requirements are detailed, I would go with Fixed Price (FP).

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Giuseppe

3 months 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

2 months ago

Cost reimbursable (CR) could also work well for this project since the requirements are detailed.

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Audra

2 months ago

I think the fixed price (FP) contract might be a safer choice to avoid any unexpected costs.

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Denny

3 months ago

I agree, the cost-plus-fixed-fee (CPFF) contract seems like the best option for this project.

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Eladia

4 months 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

2 months ago

A: Yeah, cost reimbursable (CR) might introduce more risk in this case.

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Alline

3 months ago

B: I agree, with complete and detailed requirements, fixed price (FP) would provide more certainty.

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Sina

3 months ago

A: I think fixed price (FP) would be the best option for this project.

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Lindsey

4 months 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

3 months ago

I agree, with detailed requirements, a fixed-price contract makes the most sense.

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Renay

4 months ago

Fixed price (FP) would be the best option for this project.

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Cristal

4 months ago

I prefer Cost reimbursable (CR) because it allows for more flexibility in case requirements change.

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Ivory

4 months ago

I agree with Cherri. Fixed price (FP) provides clear cost expectations for both parties.

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Cherri

4 months ago

I think the best contract type would be Fixed price (FP).

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Chi

4 months 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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