Project Management Professional (PMP)® Exam FAQs - Point of Total Assumption (PTA) ? iZenBridge
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- เผยแพร่เมื่อ 4 ส.ค. 2024
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The video talks about the Point of Total Assumption.
The point of total assumption (PTA) is the point above which the seller bears all the losses of an additional cost overrun on a fixed price 'incentive fee' (FPIF or FPI) contract.
PTA = ((Ceiling Price - Target Price)/buyer's Share Ratio) + Target Cost
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The Project Management Professional (PMP), PMBOK, The Agile Certified Practitioner (PMI-ACP), and The Professional in Business Analysis (PMI-PBA) is a registered mark of the Project Management Institute, Inc.
PMBOK is a registered mark of the Project Management Institute, Inc.
Materials in this video are based on the text, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) - Sixth Edition, Project Management Institute Inc., 2017.
The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.
The best explanation I've ever had in English. My mother language is Spanish but I understand all you've said.
Thanks man, you're the best.
Glad to hear that! To know more iZenBridge PMP program, please visit - www.izenbridge.com/pmp/online-course/
Finally, the best explanation of PTA on internet as far. Thank you!
Accedio Thanks for your comment, you may like to check our detailed blog on same here www.izenbridge.com/blog/pmp-exam-point-of-total-assumption/
Mr.Sanket. You are really great!!!!! no one can explain this concept so clearly as you did!!!! you are a great teacher!!
Very very helpful explanation. Watched 4 other videos but no one mentioned that PTA is actual cost!! Thank you for clarifying with the scenario based explanation. It was a total eye opener. Cheers!
Happy to know that you liked the video, to know more about Saket training courses, please visit - www.izenbridge.com/landing/youtube/Saket-Bansal/
Thank you sooooooo much for this. I'm always thinking from the PM's perspective and wasn't getting the best understanding of ceiling price to PTA but this laid it out perfectly. Subscribing!
Forget all the negative comments. This is the only video that cleared up my concepts. Thanks! This is the second time I've watched one of your educational videos. You got an extremely good stronghold on the topics of project management.
Thank you!! Joel for exploring and appreciating our content.
Good to know that our video was helpful to you.
In continuation to this, you can also explore the following, as per PMBOK guide the sixth edition
Procurement Management Comparing Different Contract Types
th-cam.com/video/wiJNHcQMS2c/w-d-xo.html
How should Thanks, someone who makes your life so easy ... no words just awesome
Your enthusiasm and videos are awesome. Thank you!
Thanks for exploring our content :) and also thank you for your valuable feedback.
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Loved this !!! simply brilliant. All concepts are cleared.
Thanks for exploring our content :) and also thank you for your valuable feedback.
You can explore our complete content for PMP Online Self-Paced Program here:
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2. Course content based on PMBOK6: www.izenbridge.com/pmp/online-course-pmbok6/
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Cant stop appreciating the way this was explained. fantastic and thank you so much for making this for everybody
Uday Bhasker thanks for the appreciation :) we keep doing many free web events, you can visit www.izenbridge.com/webinars/free/ for details
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iZenBridge Consultancy Pvt Ltd dear uday.
Pls explain how you get the ceiling price 200000.
Its a great VDO, loved the way of teaching with examples and adequate explanations.. great job. thank you.
Glad you liked it !! To know more iZenBridge PMP program, please visit - www.izenbridge.com/pmp/online-course/
It is complete and comes with an end to end support.
Hats off Sir.....Amazing Explanation. Will remember it now.
Thanks for the video Saket!
Also, the other way to look at it.. 60% of X = 20,000(200k-180k), X = 33,333. Up till this amount buyer will also share the cost overrun. From 33,334th dollar onwards, all cost overrun will be absorbed by seller.
Vaibhav Seth stay connected :)
Thank you very much for this video
Very well explained hats off to you sir :)
Awesome example and great and easy to understand explanation. Thank you sir!
Thanks for exploring our content :) and also thank you for your valuable feedback.
You can explore our complete content for PMP Online Self-Paced Program here:
1. Course content based on PMBOK5: www.izenbridge.com/pmp/online-course/
2. Course content based on PMBOK6: www.izenbridge.com/pmp/online-course-pmbok6/
Beautifully described point of total assumption!
Thank you !! Krishna, for exploring and liking our content
In Continuation to it, you can explore our video on Funding Limit Reconciliation & S-Curve
th-cam.com/video/pPDkUS-Uvvw/w-d-xo.html
thank you very much for this video... it is really very helpful...your videos are helping me so much on the PMP preparation.
+lolka1505 Good to know that you found our resources helpfull :) best of luck for your exam
you sir, are a god
Detailed explanation on PTA, Thank you!
Thanks for exploring our videos, good to know you found them helpful :)
As always, you are the best!
Thanks for your kind words!! Keep exploring.
Very good explanation. I watched it twice though since I was weak in learning PTA before. Now am very clear... :-)
Thanks Sivakumar :-)
Very good explanation!! I had no clue when I tried to read this earlier
Thanks for your kind words :) good to know you liked our resources
Thank you, you really made this formula too easy.
Glad it was helpful! Keep exploring iZenBridge TH-cam Channel. To know more iZenBridge PMP program, please visit - www.izenbridge.com/pmp/online-course/
Excellent thanks
Great explanation of PTA - many thanks.
Eden Irwin Stay connected..... we also keep doing many web events for PMP :)
You explain all the topic like pro 👌 thanks for uploading
Thank you!! Deepika for exploring and appreciating our content.
In continuation to this, you can also explore the following, as per PMBOK guide the sixth edition
Procurement Management Comparing Different Contract Types
th-cam.com/video/wiJNHcQMS2c/w-d-xo.html
Thank you Sir. The best explanation on youtube.
Thanks and welcome
it was very helpful; thank you.
+Cypher Safayd Thanks :) good to know that you found this video helpfull
Perfectly explained... thanks for the video
Glad it was helpful! To know more about Saket training programs, please visit - www.izenbridge.com/landing/youtube/Saket-Bansal/
very nice explanation, thank you very much for all of the videos.
+shweta singhal good to know you liked our resources :)
Nicely done, really appreciate this explanation. Gifted teacher. :)
Thank you!! Shavin for exploring and appreciating our content and Saket Sir. In continuation to it, you can explore the following video on "Procurement Management: Comparing Different Contract Types" as per PMBOK Guide sixth edition.
th-cam.com/video/wiJNHcQMS2c/w-d-xo.html
this is outstanding! wow.. what a knowledge you have sir
Glad you liked it! To know more iZenbridge PMP program, please visit - www.izenbridge.com/pmp/online-course/
It is complete and comes with an end to end support.
Greatly explained, well done.
Thank you, this concept is not much relevant for current PMP exam though, so old video.
Great explanation thanks !
Thanks for exploring our videos :) we are happy to know that you found it helpful
Superb explanation...Great Job Sir!!!
Hey Manish Pundir read blog on the same www.izenbridge.com/blog/pmp-exam-point-of-total-assumption/ & stay connected via forum.izenbridge.com/
Thank you Sir, very well explained
Thanks for exploring our content :) good to know you found it helpful.
You can explore our complete content - www.izenbridge.com/pmp/online-course/
You may also drop in your training related queries at sales@izenbridge.com
Great explanation. Was looking for such a video.
prasanna kumar Thank you, stay in touch for our upcoming videos..
you make understanding easier
Thanks for your kind words!! Happy to know that you liked video.
As a usual found very interesting and knowledgeable.. thanks Mr. Saket.🥰🥰
Glad you liked it! Keep exploring. To know more about iZenBridge PMP program from Saket, please visit - www.izenbridge.com/pmp/online-course/
Excellent and well explained by Saket Sir
+Umesh Sharma thanks for appreciating :) stay connected
Very well explained. Great job Saket
Ram Nambiar Thanks!!! Connect us via forum.izenbridge.com/
Thanks a lot. Get exactly the explanation of PTA
Thushara Buddhika Salaman Great to hear from you, do join us at forum.izenbridge.com/
excellent explanation .....
Thanks for exploring our content :) good to know you found it helpful.
Your explanation is amazing
+Vidia Jeb thank you :)
Nice video,but it sounds like you had some voice recording issues. You sound like you are on a UFO. You explain PTA well.
Hi
Wil you tell me what is the award price the target price or the ceiling price?
Hi.. in Rira's book adding buyer's share to actual price to get final price,,in your cal- you added it to target price to get the final price.. can you clarify please
Exceptional.
Thank you :)
Super explanation....
thank you :)
great sir... really helpful content
Keep watching!! To know more Saket Bansal's complete PMP program please visit - www.izenbridge.com/pmp/online-course/
Sir, at 3:36 in the video, you say " At what cost will seller touch the ceiling price? By cost do you mean the target cost?
Spot on! 🎯
Glad you liked it. Keep exploring.
@@izenbridge Hi Sir, today I added PMP® to my name!
Thank You again !!!!
Thanks for exploring our videos :)
Thank You for the videos. Today I passed!!!
Congratulations !!!! and stay in touch with us via our website / web events
It is interesting that if BSR is very small, PTA will be very high but sellers don't like it.
great explanation
Glad you think so! To know more Saket training program please visit- www.izenbridge.com/landing/youtube/Saket-Bansal/
I am wondering these videos are free of cost..!!!!
Too Good Explanation..!!
#Appriciate
Glad you like them!, All videos on TH-cam are not complied for complete coverage of PMBOK, we have a PMP online course, which is complete and comes with an end to end support, please visit for more details: www.izenbridge.com/pmp/online-course/
after listening this video, how one can claim PDU?
Very nice 👍
Thank you!! Pasha for exploring and appreciating our PMP content.
You can also explore our complete content for PMP Online course based on PMBOK Guide sixth edition: www.izenbridge.com/pmp/online-course/
How did that ceiling price come into existence in this sum, i am guessing it is just your assumption however i have come across so many problems where they have figured out the ceiling but i am not sure how ?
Please help !!!!!
+MrRobmoses Hi, please post complete question at our forum.izenbridge.com , we will try our best to assist.
can any one help this scenario TC $1,000,000 Target contractor fee 100,000 cost benefit sharing 80%/20% price ceiling $1200,000
Thanks for exploring our content :) Please discuss your doubts at forum.izenbridge.com
You can explore our complete content - www.izenbridge.com/pmp/online-course/
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Saket ji.... 🙏 ...one question.. Many people who have not done very well(did not get very high scores) in pmp practice exams/mock tests during preparation, but, have even passed the actual pmp exam in above target in all areas.. .. Are scores so sacrosanct??.. Your thoughts sir.... Thanks and regards
Our view is , one has to target to get PMP certification not getting Above Target in call since you do not have to do real Project Management by book. The mock tests are made by writers and each writer has his/her own view for PMP.
I suggest to watch following videos to explore answer to your question - th-cam.com/video/eOmFd3OFTTg/w-d-xo.html
The basic idea is - scores are not the guarantee to get success in the PMP. The goal of practicing question is -
- Practice questions to understand your weak areas for the PMP exam, fill those gaps, recollect concepts using study material and also take help from your trainer to clarify your doubts.
So whenever simulator gets over, contemplate weak areas and get into details of related topics of those weak areas. Also, get the training to select the best answer during practice of questions.
Video is not correctly made..very limited screen and difficult to focus completly board
Thanks for exploring our content :) Also thank you for your valuable feedback.
The camera focus is very bad. It annoys while watching