PMI CAPM Exam - Topic 6 Question 64 Discussion

Actual exam question for PMI's CAPM exam

Question #: 64
Topic #: 6

Under which type of contract does the seller receive reimbursement for all allowable costs for performing contract work, as well as a fixed-fee payment calculated as a percentage of the initial estimated project costs?

ACost Plus Fixed Fee Contract (CPFF)

BCost Plus Incentive Fee Contract (CPIF)

CFirm Fixed Price Contract (FFP)

DFixed Price with Economic Price Adjustment Contract (FP-EPA)

Show Suggested Answer

Suggested Answer: D

by Reita at Dec 24, 2023, 04:46 AM

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Antonette

4 months ago

Firm Fixed Price is totally different, so not C!

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Leila

4 months ago

Wait, I didn't know CPFF was like that, sounds odd.

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Santos

5 months ago

I thought it was B, CPIF has some similarities.

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Maira

5 months ago

A makes the most sense, I agree!

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Katie

5 months ago

It's definitely A, CPFF is the one that fits.

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Jesus

5 months ago

I keep mixing up CPFF and CPIF. I wish I could remember the key differences better!

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Ora

5 months ago

I practiced a question similar to this, and I think it was definitely about CPFF. The fixed fee part stands out to me.

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Chantell

6 months ago

I'm not entirely sure, but I feel like CPIF could also fit since it has a fee structure based on performance.

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Laura

6 months ago

I think the answer might be A, the Cost Plus Fixed Fee Contract. I remember it involves reimbursement for costs plus a fixed fee.

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Nida

6 months ago

I keep mixing up CPFF and CPIF. I hope I remember the right details during the exam!

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Joesph

6 months ago

I recall a practice question about CPFF, and it specifically mentioned the fixed fee being a percentage of estimated costs.

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Curt

6 months ago

I'm not entirely sure, but I feel like CPIF could also fit since it has a fee structure based on costs.

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Dana

6 months ago

I think the answer might be A, the Cost Plus Fixed Fee Contract. I remember it involves reimbursement plus a fixed fee.

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Sylvie

6 months ago

I'm feeling confident about this one. The description matches the Cost Plus Fixed Fee Contract, which provides reimbursement of costs plus a fixed fee. I'll go with option A.

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Truman

6 months ago

Okay, I think I've got this. The key details here are reimbursement of allowable costs and a fixed-fee payment. That sounds like a Cost Plus Fixed Fee Contract to me.

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Victor

6 months ago

Hmm, I'm a bit unsure about this one. The wording is a bit tricky, and I want to make sure I fully understand the differences between these contract types before selecting an answer.

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Alison

7 months ago

This seems like a straightforward contract type question. I'll carefully read through the options and think about the key details that distinguish each one.

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Antonio

7 months ago

Cloud Scripts seem like they could be involved in software deployment, but I'm not certain that's the right answer here. I'll have to review my notes to be sure.

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Goldie

7 months ago

I'm a little confused on the difference between Transaction Body and Transaction Line fields. I'll have to make sure I understand that before answering this type of question.

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Beula

7 months ago

Okay, let me think this through step-by-step. Penicillamine is used for rheumatoid arthritis, and it's important to take it properly to avoid side effects. I believe the correct answer is to take it with meals and plenty of water.

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Jade

7 months ago

Hmm, I'm not sure about that. Wouldn't we need to clear the vpnsession-db manually after a failover? That seems important.

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Vannessa

7 months ago

I feel like I've seen a question before that mentioned forums, but I'm not sure how effective they are compared to direct help from Alibaba Cloud.

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Dyan

11 months ago

You know, if this was a construction project, I'd be tempted to go with the FP-EPA contract. That way, I could account for any unexpected inflation or material cost increases. But for a standard service contract, the CPFF is the way to go.

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Mari

10 months ago

A) Cost Plus Fixed Fee Contract (CPFF)

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Ilene

10 months ago

I agree, the FP-EPA contract would be a good choice for a construction project to account for unexpected cost increases.

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Verda

10 months ago

D) Fixed Price with Economic Price Adjustment Contract (FP-EPA)

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Ming

10 months ago

C) Firm Fixed Price Contract (FFP)

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Gerald

11 months ago

B) Cost Plus Incentive Fee Contract (CPIF)

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Denny

11 months ago

A) Cost Plus Fixed Fee Contract (CPFF)

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Elke

12 months ago

Hmm, I was thinking the CPIF contract, but now that I re-read the question, the CPFF makes more sense. Though I do sometimes wish I could negotiate a higher percentage of the estimated costs as my fee!

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Alpha

10 months ago

It would be nice to negotiate a higher percentage as a fee, but the CPFF contract is still a good choice.

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Meaghan

10 months ago

I agree, the CPFF contract seems to be the best option here.

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Brent

11 months ago

I think the CPFF contract is the right choice.

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Maynard

12 months ago

I agree, the CPFF contract is the correct answer. It provides the seller with the financial security and predictability they need to take on a project like this.

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Yvonne

10 months ago

C) Firm Fixed Price Contract (FFP)

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Irene

11 months ago

I see your point, but I still think the CPFF contract is more beneficial for the seller in terms of financial stability.

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Shonda

11 months ago

B) Cost Plus Incentive Fee Contract (CPIF)

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Xochitl

11 months ago

I prefer the CPIF contract because it offers the seller an additional incentive for cost control.

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Aron

11 months ago

A) Cost Plus Fixed Fee Contract (CPFF)

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Vicente

1 year ago

The CPFF contract seems like the obvious choice here, with the seller getting reimbursed for all allowable costs and a fixed-fee payment. This is the most straightforward option.

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