IFMA CFM Exam With Confidence Using Practice Dumps

A Cost Plus to a GMP contract (Option C) means that the contractor is selected early in the project based on their fee and general conditions, and they provide a Guaranteed Maximum Price (GMP) once the project drawings are further developed.

Why Option C is Correct?

The GMP contract model ensures that the contractor is involved early in the project to provide cost estimates, budgeting input, and value engineering before the final design is completed.

Once drawings reach a more advanced stage, the contractor sets a GMP, meaning the owner will not pay more than the agreed maximum price, except for approved change orders.

This approach allows cost predictability and reduces financial risks for both the contractor and the owner.

IFMA’s Project Management Core Competency highlights that FM professionals must understand contract models that balance cost efficiency with project flexibility.

Why Other Options Are Incorrect?

Option A: A GMP contract does allow cost increases for approved change orders; it is not entirely fixed beyond the GMP.

Option B: Contractors cannot simply charge all invoice amounts; costs must be within the GMP cap, and some costs are not reimbursable under the GMP model.

A skills gap analysis (Option C) is essential for identifying training needs and developing future leadership within FM operations.

Why Option C is Correct?

It helps determine where employees need skill development for leadership roles.

Supports targeted training programs that prepare staff for future responsibilities.

IFMA’s Human Factors & Leadership Strategy Core Competency highlights succession planning as a key leadership responsibility.

Why Other Options Are Incorrect?

Option A (Staff interviews about promotions): Interest alone does not qualify an employee for leadership. Skills and readiness must be assessed.

Option B (Reviewing staff goals): Goals are useful, but they do not assess actual competency gaps.

Prevention is the most effective waste reduction strategy because it eliminates waste at the source. This involves:

Using fewer materials and designing processes to minimize waste.

Implementing sustainable procurement and production methods.

Encouraging behavioral changes to reduce unnecessary consumption.

Why the other options are incorrect:

(A) Reuse is beneficial but does not prevent waste generation.

(C) Recycling manages waste after it is created rather than preventing it.

(D) Composting is useful for organic waste but does not apply broadly​.