Free CAPM Practice Test Questions | Certified Associate in Project Management

Question # 21

A buyer wants flexibility on quantities and duration for staff augmentation while capping hourly rates and overall exposure. Which contract arrangement is MOST suitable?

Options:

Firm Fixed Price (FFP) for the full scope

Time and Materials (T&M) with not-to-exceed ceilings and authorization thresholds

Cost Plus Fixed Fee (CPFF) without caps

Fixed Price Incentive Fee (FPIF) with target cost/fee

Viewing question 21 out of 71 questions

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Name	Certified Associate in Project Management
Code	CAPM
Vendor	Professional
Certification	PMI