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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Lindsey

4 days 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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Cristal

6 days ago

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

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Ivory

8 days ago

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

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Cherri

9 days ago

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

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Chi

9 days 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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