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Straightforward Question - Reasoning

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Joined: Wed May 10, 2017 1:38 pm

Straightforward Question - Reasoning

Postby Prembalaji Fri Dec 08, 2017 9:30 am

Dear Folks , please share your reasoning

If you are working on a project with constantly changing scope, which
contract type would work best when hiring an outside vendor to complete a
portion of the work?

A. Cost reimbursable
B. Lump sum
C. Time and material
D. Fixed price
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Joined: Mon Nov 20, 2017 4:05 pm

Re: Straightforward Question - Reasoning

Postby suresi00 Fri Dec 08, 2017 12:22 pm

Only options are between cost reimbursable and Time and Material.

Time and material normally (my understanding) works best when we are on a rush and it is for short period of time. Like a person doing the kitchen remodeling.
I will go with Time and Material of there were more information like 10 teams in 5 different countries etc and an option of CPIF I would have chosen that.

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