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CAPM · Question #51
CAPM Question #51: Real Exam Question with Answer & Explanation
The correct answer is A: Time and material (T&M). See the full explanation below for the reasoning.
Predictive, Plan-Based Methodologies
Question
A project 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?
Options
- ATime and material (T&M)
- BCost plus fixed fee (CPFF)
- CFixed price
- DCost plus award fee (CPAF)
Topics
#Contract types#Procurement management#Statement of Work (SOW)#Time and material (T&M)
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