GAQM Exam PPM-001 Topic 2 Question 78 Discussion

Actual exam question for GAQM's PPM-001 exam

Question #: 78
Topic #: 2

[All PPM-001 Questions]

Which contract type is typically used whenever the seller's performance period spans a considerable period of years?

AFixed-Price-Incentive-Fee contracts (FPIF)

BFixed Price with Economic Price Adjustment contracts (FP-EPA)

CCost-Plus-Fixed-Fee contracts (CPFF)

DTime and Material contracts (T&M)

Show Suggested Answer

Suggested Answer: B

by Melissa at Dec 14, 2023, 05:10 AM

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Earleen

11 days ago

I'm not sure, but I think C) Cost-Plus-Fixed-Fee contracts (CPFF) might also be a good option for long-term performance periods.

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Hmm, I'm not sure about that. I was thinking C) Cost-Plus-Fixed-Fee contracts (CPFF) might be a better fit for a long-term project. That way the seller doesn't have to bear all the risk of cost overruns.

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Teddy

14 days ago

I disagree, I believe the correct answer is B) Fixed Price with Economic Price Adjustment contracts (FP-EPA).

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Tiffiny

16 days ago

I think the answer is A) Fixed-Price-Incentive-Fee contracts (FPIF).

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Fidelia

18 days ago

I'm not sure, but I think C) Cost-Plus-Fixed-Fee contracts (CPFF) could also be a good option for long-term projects.

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Alesia

18 days ago

I think the answer is B) Fixed Price with Economic Price Adjustment contracts (FP-EPA). This type of contract is designed to handle long-term projects where the seller's costs may fluctuate over time.

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Billye

21 days ago

I agree with Stephania, FPIF contracts are used for long-term performance periods.

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Stephania

26 days ago

I think the answer is A) Fixed-Price-Incentive-Fee contracts (FPIF).

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GAQM Exam PPM-001 Topic 2 Question 78 Discussion

Contribute your Thoughts:

Earleen

Oliva

Teddy

Tiffiny

Fidelia

Alesia

Billye

Stephania