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Exam CAPM topic 1 question 97 discussion

Actual exam question from PMI's CAPM
Question #: 97
Topic #: 1
[All CAPM Questions]

A protect manager needs to request outside support for a statement of work (SOW) that is not precise. Which kind of contract does the project manager need to create?

  • A. Time and material (T&M)
  • B. Cost plus fixed fee (CPFF)
  • C. Fixed price
  • D. Cost plus award fee (CPAF)
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Suggested Answer: A 🗳️

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UlrichIng
Highly Voted 3 years, 2 months ago
Time and material contracts (T&M). Time and material contracts (also called time and means) are a hybrid type of contractual arrangement with aspects of both cost-reimbursable and fixed-price contracts. They are often used for staff augmentation, acquisition of experts, and any outside support when a precise statement of work cannot be quickly prescribed.
upvoted 10 times
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MoonManBlue
Highly Voted 3 years, 3 months ago
A-Time and Materials p.472
upvoted 8 times
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Pradnyasachin
Most Recent 2 weeks ago
Selected Answer: A
A Time and Material contract type might be suitable when the scope of work or requirements are not well-defined. It allows for flexibility as it involves payments based on the time spent and the materials used. This contract type provides a degree of flexibility to accommodate changes and uncertainties in the project scope or SOW
upvoted 1 times
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Rocket20
5 months, 2 weeks ago
Selected Answer: A
A. T&M
upvoted 2 times
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TonyTucci
5 months, 2 weeks ago
Selected Answer: A
If the contract is not clear, it is best to go with a T&M Fee IMO
upvoted 1 times
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[Removed]
5 months, 3 weeks ago
Selected Answer: A
A. Page 472 of PMBOK. Not only is it outside support, but it's also not a precise SOW.
upvoted 2 times
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ChymKuBoy
6 months, 3 weeks ago
Selected Answer: A
A for sure
upvoted 1 times
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Zmfoutch
10 months, 2 weeks ago
Selected Answer: A
Per PMBOK 6th, T&M contracts are often used when outside support is needed and a precise statement of work cannot be quickly prescribed.
upvoted 1 times
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DJMCAPM
10 months, 2 weeks ago
A is correct
upvoted 1 times
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Deepikaparas
12 months ago
Selected Answer: A
Time & Material is used when SOW cannot be defined
upvoted 2 times
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C (25%)
B (20%)
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