Daily Quiz 19 Aug 2019

The organization that you work for has notified all project managers that they need to select contracts that will help the organization to control costs, wherever possible. For a new software development project that has complete, detailed requirements, you now need to select a contract type. Negotiations with the vendor will be necessary if they are not readily prepared to accept the desired contract. Which is the best type of contract for this project?

A. Cost reimbursable (CR)
B. Fixed-price (FP)
C. Cost plus fixed fee (CPFF)
D. Time and material (T&M)

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For all PMI® certification holders:

All PMP®, PgMP®, PfMP®, PMI-ACP®, PMI-RMP®, PMI-SP®, PMI-PBA® must earn PDUs to actively maintain their certification(s). These PDUs can be earned through various professional development activities that center on one of two areas:

Education: Learning opportunities that allow you to expand and enhance your technical, leadership, or strategic and business management skills.
Giving back to the Profession: Activities that enable you to share and utilize your knowledge and skills as a means to contribute to and help build the profession.

There are different CCR requirements for each PMI® certification:

PMP®/PgMP®/PMI-PBA® Certification: requires 60 PDUs to keep PMP®/PgMP® certificate in good standing for every 3-year certification cycle.There is no limit on the number of PDUs that can be earned in education, and the minimum number of PDUs in education is 35.
PMI-RMP®/PMI-ACP® Certification: requires 30 PDUs to keep PMI-RMP®/PMI-ACP® certificate in good standing for every 3-year certification cycle. There is no limit on the number of PDUs that can be earned in education, and the minimum number of PDUs in education is 18.

IMT-PM, the global PMI R.E.P. #4760, offers various all-in-one PDU Bundles for PMP®/ PgMP®/ PMI-ACP®/ PMI-RMP® Renewal. Our best sellers are:

For PMP Aspirants:

To be eligible for the PMP® certification, you must complete 35 contact hours of formal education in project management.
IMT-PM, the global PMI R.E.P. #4760, offers various courses for PMP® Exam Preparation to help you earn 35 PDUs (i.e. 35 pre-approved contact hours) as follows:

Source: PMI’s Continuing Certification Requirements (CCR) Handbook.