tag:blogger.com,1999:blog-6229831349550879590.post6994340100233517338..comments2011-03-22T07:55:09.868+08:00Harwinderhttp://www.blogger.com/profile/17448550860024926123noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-6229831349550879590.post-79548941199791357062011-03-21T20:36:00.707+08:002011-03-21T20:36:00.707+08:00Rookie - BTW, thanks for pointing it out !Harwinderhttp://www.blogger.com/profile/17448550860024926123noreply@blogger.comtag:blogger.com,1999:blog-6229831349550879590.post-78119280106826610222011-03-21T20:32:31.686+08:002011-03-21T20:32:31.686+08:00Hello Rookie,<br /><br />The question doesn&#39;t have a typo, but the answer does :) You are absolutely right in all the points you made. PTA is indeed a &quot;cost&quot; figure and not a &quot;price&quot; figure. <br /><br />I scrolled up (to one of my previous comments) and noticed that I said &quot;no&quot; was the correct answer to Question 3. I&#39;m not sure what I was thinking then, but that&#39;s not correct and I have proven that in the other post, as you pointed out. I have removed the previous comment to avoid confusion. <br /><br />Here are all the answers:<br /><br />1. No<br />2. Yes<br />3. Yes<br />4. No<br />5. Seller, because cost overrun above PTA is not shared by the buyer<br />6. Buyer:Seller = 0:100<br />7. Yes<br />8. Ceiling Price<br />9. At PTA<br />10. Cost overruns<br /><br />Let me know if you find any discrepancies now.Harwinderhttp://www.blogger.com/profile/17448550860024926123noreply@blogger.comtag:blogger.com,1999:blog-6229831349550879590.post-69106415990176461082011-03-21T15:06:09.793+08:002011-03-21T15:06:09.793+08:00Hi Harry,<br /><br />On question 3) Can PTA be lower than Target Price? I believe the answer is Yes. 2 reasons for that<br />- PTA is a &quot;cost&quot; figure, not a &quot;price&quot; figure. So it is possible that PTA is below Target Price<br />- In your example 2 at http://www.deepfriedbrainpmp.com/2009/10/point-of-total-assumption-pta-facts.html, PTA is indeed below Target Price<br /><br />If the question was 3) Can PTA be lower than Target Cost?, then the answer is No.<br /><br />I believe there is a typo above?<br /><br />Thanks.Rookienoreply@blogger.comtag:blogger.com,1999:blog-6229831349550879590.post-89578619752510055062011-03-19T13:27:11.247+08:002011-03-19T13:27:11.247+08:00Hello Gaspo, <br /><br />Excellent! The answers are available in other blog posts. See the links in my comments of Oct 23 (above). <br /><br />Thanks.Harwinderhttp://www.blogger.com/profile/17448550860024926123noreply@blogger.comtag:blogger.com,1999:blog-6229831349550879590.post-55348619550677501082011-03-19T13:18:57.887+08:002011-03-19T13:18:57.887+08:00Hi, really didactic the way you explained the PTA concept.<br /><br />Here my answers:<br /><br />1. No<br />2. Yes<br />3. No<br />4. No<br />5. The seller, as this will assume 100% of costs above the PTA<br />6. 0:100<br />7. Yes<br />8. Ceiling Price<br />9. At PTA<br />10. Cost Overrun<br /><br />I await your response.<br /><br />Gaston Blanco MassaniGaspohttp://www.blogger.com/profile/09635349476414066664noreply@blogger.comtag:blogger.com,1999:blog-6229831349550879590.post-53073849565403588542010-01-14T00:06:04.882+08:002010-01-14T00:06:04.882+08:00Harry, below are my answers..<br /><br />1. Yes<br />2. Yes<br />3. No<br />4. Yes<br />5. Seller, because cost overrun above the PTA is not shared by the buyer.<br />6. Buyer:Seller = 0:100<br />7. No<br />8. Target Price + Cost overrun.<br />9. Above PTA<br />10. Cost OverrunChellurihttp://www.blogger.com/profile/17709051727240948719noreply@blogger.comtag:blogger.com,1999:blog-6229831349550879590.post-68304459254684324042010-01-13T22:47:05.216+08:002010-01-13T22:47:05.216+08:00This comment has been removed by the author.Harwinderhttp://www.blogger.com/profile/17448550860024926123noreply@blogger.comtag:blogger.com,1999:blog-6229831349550879590.post-8074766732716215892010-01-13T05:59:24.445+08:002010-01-13T05:59:24.445+08:00PTA = (CP-TP)<br /> -------- + TC<br /> buyer/seller <br /><br />1. no<br />2. yes<br />3. no<br />4. no<br />5. seller<br />6. buyer/seller = 0:100<br />7. no<br />8. PTA<br />9. at PTA<br />10. cost overrunsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6229831349550879590.post-60193282515452573902009-12-17T07:43:31.333+08:002009-12-17T07:43:31.333+08:00Hello Rahul,<br /><br />Thanks for your feedback.<br /><br />As I mentioned on my previous comment (on Oct 23, 2009), the answers are posted in the follow up posts. I also gave the links to those posts. If you go through those 2 posts, you can find all the answers. Let me know if you still have any questions.<br /><br />Thanks !Harwinderhttp://www.blogger.com/profile/17448550860024926123noreply@blogger.comtag:blogger.com,1999:blog-6229831349550879590.post-46748163260067516452009-12-16T05:42:17.622+08:002009-12-16T05:42:17.622+08:00Hi Sir<br />Excellent questions! I am still waiting to see the answers.<br /><br />RahulAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6229831349550879590.post-75679734826068554732009-10-23T17:01:44.174+08:002009-10-23T17:01:44.174+08:00Hello Sunil,<br /><br />I did a series of posts recently on PTA. You can find all the answers on these 2 posts:<br /><br />1. <a href="http://deepfriedbrain.blogspot.com/2009/10/point-of-total-assumption-pta-formula.html" rel="nofollow">PTA Formula</a><br /><br />2. <a href="http://deepfriedbrain.blogspot.com/2009/10/point-of-total-assumption-pta-facts.html" rel="nofollow">Point Behind PTA</a><br /><br />Let me know if you still have any doubts. <br /><br />Regards.Brain Washerhttp://www.blogger.com/profile/17448550860024926123noreply@blogger.comtag:blogger.com,1999:blog-6229831349550879590.post-2426773286487356372009-10-23T16:36:04.478+08:002009-10-23T16:36:04.478+08:00Hi,<br /><br />Can someone please help answer questions above...<br /><br />To my understanding I am still confused over PTA - although very well explained on this blog... but I still have some doubts.<br /><br />Regards,<br />SuniilAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6229831349550879590.post-79061911923855057542009-09-07T21:28:10.497+08:002009-09-07T21:28:10.497+08:00Hello Dr. PDG,<br /><br />Thanks for your encouraging feedback. I&#39;m waiting for some answers to be posted before I post mine. Yes, it will be interesting to compare notes with you. You always have a different perspective.<br /><br />Surprisingly, no one has even tried to answer these questions yet. Either they are too difficult or simply irrelevant :)<br /><br />Thanks !Brain Washerhttp://www.blogger.com/profile/17448550860024926123noreply@blogger.comtag:blogger.com,1999:blog-6229831349550879590.post-74023992733857602792009-09-07T12:49:37.759+08:002009-09-07T12:49:37.759+08:00Hi Brain,<br />These are EXCELLENT questions!!! You forced me to go back to my textbooks and work through them.<br /><br />Keep up the good work and let me see what I can come up with for answers.... Will be curious to compare notes with you....<br /><br />BTW- despite the fact that I have done innumerable contracts for the US government over the past 45 years or so, I have NEVER worked on a contract of this type. So while I agree with you it often appears on the PMP exam, I have to question the relevance of this to most practitioners.....<br /><br />BR,<br />Dr. PDG, Jakarta<br />http://www.getpmcertified.comDr. PDGhttp://www.blogger.com/profile/05172942276812795581noreply@blogger.comtag:blogger.com,1999:blog-6229831349550879590.post-63973714617881837412009-09-06T20:04:24.843+08:002009-09-06T20:04:24.843+08:00Hello Anonymous,<br /><br />It&#39;s not mentioned in the PMBOK Guide, Fourth Edition, but often seen on the PMP exam. <br /><br />All the best !Brain Washerhttp://www.blogger.com/profile/17448550860024926123noreply@blogger.comtag:blogger.com,1999:blog-6229831349550879590.post-27064175840757944772009-09-06T18:01:35.571+08:002009-09-06T18:01:35.571+08:00Hello,<br /><br />At which page in the PMBOK is PTA covered ? I didn&#39;t find it (or was too tired)<br /><br />Thanks !Anonymousnoreply@blogger.com