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?

The correct answer is B. Fixed price (FP). ISEB ISEB-PM1 Exam

Business Concepts

Question

Options

ACost reimbursable (CR)
BFixed price (FP)
CTime and material (T&M)
DCost plus fixed fee (CPFF)

How the community answered

(28 responses)

A
4% (1)
B
82% (23)
C
4% (1)
D
11% (3)

Explanation

ISEB ISEB-PM1 Exam

Topics

#contract types#fixed price#procurement#project planning

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