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Point of Total Assumption (Part 5): In the past, we have looked at the concept of Point of Total Assumption in a Fixed Price Incentive Fee (FPIF) contracts, in great detail. In this article, we’ll look at some examples related to Seller Fee (profit and loss) calculations. For …

PMP Passing Score (Part 1): Is 61% still the passing score for PMP exam? PMP exam passing score has undergone several changes over the years, but old myths refuse to die. I’m a huge fan of the popular science television series, MythBusters, and today I’m going to play …

PMP Exam eFlashCards is a PMP Exam Prep tool that was launched in Apr’09. On my request, the publishers had sent me a free evaluation copy for review, before the launch. The review had been on my to-do list for a while. Finally, this week I managed to …

Most PMP aspirants get confused between Control Quality and Validate Scope. If I had to list the top 5 most-confused topics for the PMP Exam, this topic would be on that list. This article aims to clear the confusion by bringing out on the key differences between the …

PMP Exam Schedule: Getting the preferred PMP exam test slot with Prometric Test Center can be a tricky affair. Recently, a distressed PMP aspirant from Singapore wrote to me saying that she wants to take the PMP exam in near future but cannot find an available slot at the …

Difference between PMP and CAPM certifications: Project Management Institute (PMI) offers two levels of certification - Project Management Professional (PMP®) and Certified Associate in Project Management (CAPM®) - for project managers, depending upon their experience, education and training. So which certification is right for me, you may ask. In this …

PMP ITTO: Remembering the PMBOK Inputs, Tools and Techniques, and Outputs (ITTOs) is probably the most dreaded part of PMP Certification Exam preparation. Whether one needs to memorize the ITTOs or understand is always open to debate. Regardless of the right approach, we all know that PMP exam does have …

I came across this catchy tagline - Determination Precedes Termination - in a news articles recently. It immediately prompted me to write about Project Termination - a topic on the PMP Exam. So in this article, we’ll review various reasons for Project Termination.

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Point of Total Assumption (Part 4): In this article, we’ll learn some interesting facts about Point of Total Assumption (PTA) by working through some numerical problems. Before you read further, I suggest you review the PTA Formula.