CFM Exam Dumps : Certified Facility Manager

A feasibility study (Option B) is used to assess whether a proposed change strategy is viable and likely to succeed.

Why Option B is Correct?

A feasibility study evaluates potential risks, costs, benefits, and implementation challenges before making changes.

It helps facility managers determine whether the change is practical and achievable.

IFMA’s Leadership & Strategy Core Competency states that change initiatives should be assessed for feasibility before execution.

Why Other Options Are Incorrect?

Option A (GAP Analysis): A GAP analysis compares current performance against desired performance, but does not assess feasibility.

Option C (Customer Survey): Surveys collect feedback but do not analyze feasibility of a strategy.

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.

The Facility Condition Index (FCI) is a key metric for assessing facility health, calculated as:

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Deferred maintenance costs (D) directly increase FCI and indicate poor facility conditions.

Utility distribution (A) and building openings (C) are secondary factors.

Real estate value (B) does not directly impact FCI, as FCI focuses on physical condition, not market value.

A higher FCI signals greater maintenance backlog, impacting operational planning and funding decisions​.