PMP Exam Prep Question of the Week

Time and material contracts are typically used for all of the following except ____________.

  1. To augment the project staff
  2. To provide a solution that may not have a fixed price
  3. To begin work before a more formal, long-term agreement can be developed
  4. To acquire experts

 

The correct answer is 2.

A cost plus contract is preferred when providing a solution that may not have a fixed price. Augmenting the project staff, beginning work before a more formal long-term agreement can be developed, and acquiring experts are all reasons for using a time and materials contract.

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