PMP · Question 15 · Task 11: Plan and manage procurement
A project manager is planning a project with a high degree of uncertainty regarding requirements. The organization requires a fixed budget. Which TWO contracting techniques are BEST suited for this scenario?
Answer options:
Firm Fixed Price (FFP) for the entire scope.
Time and Materials (T&M) with a Not-To-Exceed (NTE) cap.
Cost Plus Fixed Fee (CPFF).
Incremental delivery with stage gates.
Procurement of all resources upfront.
Dynamic Systems Development Method (DSDM).
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