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Point of Total Assumption (Part 3): In this post, we’ll look at the formula for Point of Total Assumption (PTA) and learn how the formula is derived. This will help you understand the PTA concept in a way that you would never feel the need to memorize its formula …

Point of Total Assumption (Part 2): Most of us know the formula for Point of Total Assumption (PTA), but many don’t know what PTA actually means and how the formula is derived. In this article, we’ll demystify the secrets of PTA and in a follow-up article …

In the first three articles of this series, we reviewed Work Performance Information (WPI), Work Performance Measurements (WPMs) and Performance Reports. In this article, we’ll recap the concepts and tie them together.

In the previous two articles of this series, we looked at Work Performance Information and Work Performance Measurements. In this article, we’ll review Performance Reports.

In Part 1 of this series, we reviewed the concept of Work Performance Information. In this article, we’ll review Work Performance Measurements.

Many PMP aspirants who read the PMBOK Guide get confused between Work Performance Information and Performance Reports. The terms sound and smell very similar and used together as inputs to many Project Management processes.

The Enhanced Critical Infocomm Technology Resource Programme (Enhanced CITREP) is a training incentive program to equip Singapore infocomm professionals with critical and emerging skills, thus enabling them to enhance their employability and to improve their organisation’s competitive advantage.

Point of Total Assumption (Part 1): In a Fixed Price Incentive Fee (FPIF) Contract, Point of Total Assumption (PTA) is the total cost above which seller bears all the costs of a cost overrun. In other words, any cost overrun above the PTA is not shared by the buyer and …

EAC vs ETC Formulas in EVM: Due to popular demand :) I’m covering the four formulas for calculating Estimate At Completion (EAC) in Earned Value Management (EVM). The PMBOK® Guide, 6th Edition mentions four different ways of calculating the EAC. We’ll review each of them and reinforce the …

Why do people fail the PMP Exam? This is one of the most frequently asked questions by PMP aspirants. According to popular guesstimates, the failure rate on the PMP Exam is as high as 40%. If this figure is to be believed, what’s the reason behind such a …