CAPM - Predictive, Plan-Based Methodologies - Section 2.3

Apply cost, quality, risk, and procurement planning in a plan-based project, including cost baselines, risk responses, and contract types.

Estimate costs and establish a cost baseline, plan quality assurance and control, and identify, analyse, and plan responses to risks using strategies such as avoid, transfer, mitigate, and accept. Recognise the main procurement contract types - fixed-price, cost-reimbursable, and time-and-materials - and how each allocates cost risk between buyer and seller.

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