NCMA Exam CPCM Topic 6 Question 92 Discussion

Actual exam question for NCMA's CPCM exam

Question #: 92
Topic #: 6

[All CPCM Questions]

Liquidated damages are a negative incentive (penalty) for:

AOver budget

BLate delivery

CDo not achieve requirements

DRequirements gap

Show Suggested Answer

Suggested Answer: D

by Annabelle at Jul 09, 2024, 10:34 AM

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Kaycee

2 months ago

As a project manager, I live in fear of liquidated damages. Gotta make sure we deliver on time, no matter what!

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Lorita

2 months ago

Haha, I was tempted to go with D) Requirements gap, just to be that guy who picks the weird answer. But B) Late delivery is the correct choice here.

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Cecil

6 days ago

Late delivery is definitely a common reason for liquidated damages in contracts.

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Hyun

7 days ago

It's always better to play it safe and go with the obvious answer.

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Silvana

8 days ago

Yeah, picking D) Requirements gap would have been a risky move.

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Angella

30 days ago

I agree, B) Late delivery is the correct choice for liquidated damages.

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Candra

2 months ago

Hmm, I was stuck between B) Late delivery and C) Do not achieve requirements. But B) is the more direct penalty for not meeting the project timeline.

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Dorothy

29 days ago

Liquidated damages are definitely a way to ensure project deadlines are met.

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Tamekia

2 months ago

Yeah, C) Do not achieve requirements is more about not meeting the project specifications.

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Lourdes

2 months ago

I agree, B) Late delivery is a more direct penalty for not meeting the project timeline.

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Slyvia

2 months ago

I was going to say A) Over budget, but that doesn't quite fit the description of a 'negative incentive'. B) Late delivery makes more sense.

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Lindy

1 months ago

Yes, it's a way to ensure that projects are completed on time.

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Lelia

1 months ago

I agree, liquidated damages are a penalty for not meeting the delivery timeline.

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Geoffrey

2 months ago

Late delivery makes more sense.

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Margret

3 months ago

B) Late delivery seems like the obvious answer here. Liquidated damages are a way to incentivize on-time project completion.

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Elbert

1 months ago

B) Late delivery and not achieving requirements are both valid reasons for liquidated damages.

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Pamella

1 months ago

C) Do not achieve requirements could also be a reason for liquidated damages. Meeting all project requirements is crucial.

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Rosina

1 months ago

A) Over budget is also a possibility. It's important to stay within budget to avoid penalties.

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Sunshine

2 months ago

B) Late delivery seems like the obvious answer here. Liquidated damages are a way to incentivize on-time project completion.

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Ashley

3 months ago

I believe it's important to have liquidated damages to ensure timely delivery.

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Vanda

3 months ago

I agree with Eleni, it's a penalty for not meeting the deadline.

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Eleni

3 months ago

I think liquidated damages are for late delivery.

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