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BCS Exam ISEB-PM1 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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Vallie
23 days 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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Freida
17 hours ago
B: I agree, Fixed Price (FP) is the best choice for this scenario.
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Ricarda
9 days ago
A: If the requirements are detailed, I would go with Fixed Price (FP).
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Giuseppe
30 days 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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Denny
11 days ago
I agree, the cost-plus-fixed-fee (CPFF) contract seems like the best option for this project.
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Eladia
1 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
6 days ago
A: Yeah, cost reimbursable (CR) might introduce more risk in this case.
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Alline
27 days ago
B: I agree, with complete and detailed requirements, fixed price (FP) would provide more certainty.
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Sina
1 months ago
A: I think fixed price (FP) would be the best option for this project.
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Lindsey
2 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
1 months ago
I agree, with detailed requirements, a fixed-price contract makes the most sense.
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Renay
1 months ago
Fixed price (FP) would be the best option for this project.
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Cristal
2 months ago
I prefer Cost reimbursable (CR) because it allows for more flexibility in case requirements change.
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Ivory
2 months ago
I agree with Cherri. Fixed price (FP) provides clear cost expectations for both parties.
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Cherri
2 months ago
I think the best contract type would be Fixed price (FP).
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Chi
2 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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Clay
9 days ago
D: I think we should go with a fixed-price contract for this project.
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Josefa
14 days ago
C: True, but a fixed-price contract provides more certainty for both parties.
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Bok
27 days ago
B: But what about cost reimbursable contracts? They offer flexibility in case of changes.
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Luisa
1 months ago
A: I agree, a fixed-price contract is the way to go for a project with detailed requirements.
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Edna
2 months ago
I disagree. I think Cost reimbursable (CR) would be better in case of any changes in requirements.
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Albina
2 months ago
I agree with Dannette. Fixed price (FP) provides a clear cost upfront.
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Dannette
2 months ago
I think the best contract type would be Fixed price (FP).
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