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Point Of Total Assumption
The point of total assumption (PTA) is a point on the cost line of the profit-cost curve determined by the contract elements associated with a fixed price plus incentive-Firm Target (FPI) contract above which the seller effectively bears all the costs of a cost overrun. The seller bears all of the cost risk at PTA and beyond, due to a dollar for dollar decrease in profit beyond the costs at the PTA. In addition, once the costs on an FPI contract reach PTA, the maximum amount the buyer will pay is the ceiling price. Note, however, that between the cost at PTA and when the cost equals the ceiling price, the seller is still in a profitable position; only after costs exceed the ceiling price is the seller in a loss position. Calculation Any FPI contract specifies a target cost, a target profit, a target price, a ceiling price, and one or more share ratios. The PTA is the difference between the ceiling and target prices, divided by the buyer's portion of the share ratio for that p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PMP FPIF Contracts - BAC Exceeds PTA
PMP may refer to: Biology and chemistry * Plant-made pharmaceuticals or Pharming * ''p''-Methoxyphenyl, a protecting group for amines * Polymethylpentene, a type of plastic Medicine * Prescription monitoring program * Pseudomyxoma peritonei, a cancer Business * Denel PMP, company division * Project Management Professional, a certification Technology * NAT-PMP, NAT Port Mapping Protocol * Pic Micro Pascal, Pascal compiler for PICs * Point-to-multipoint communication, in telecommunications * Portable media player, for digital media Politics * Parliamentary Monarchist Party, Burundi * People's Monarchist Party (Italy) * People's Movement Party, Romania * Pwersa ng Masang Pilipino, Philippines Transport * Plumpton railway station, a railway station in Sussex, England Other uses * Perlman Music Program, Shelter Island, New York, US * PMP Floating Bridge, a Soviet mobile pontoon bridge * Pompano Beach Airpark, IATA and FAA codes * Proto-Malayo-Polynesian language ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Project Management Body Of Knowledge
The Project Management Body of Knowledge (PMBOK) is a set of standard terminology and guidelines (a body of knowledge) for project management. The body of knowledge evolves over time and is presented in ''A Guide to the Project Management Body of Knowledge'' (''PMBOK Guide''), a book whose seventh edition was released in 2021. This document results from work overseen by the Project Management Institute (PMI), which offers the CAPM and PMP certifications. Much of the ''PMBOK Guide'' is unique to project management such as critical path method and work breakdown structure (WBS). The ''PMBOK Guide'' also overlaps with general management regarding planning, organising, staffing, executing and controlling the operations of an organisation. Other management disciplines which overlap with the ''PMBOK Guide'' include financial forecasting, organisational behaviour, management science, budgeting and other planning methods. History Earlier versions of the ''PMBOK Guide'' were reco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
RMC Publications, Inc
RMC may refer to: * Radio Monte Carlo, a radio station operation in France, Monaco and Italy ** RMC (France), the French version of Radio Monte Carlo * Renal medullary carcinoma * Rotherham Central railway station by its National Rail code * Royal Marines Cadets, a family of three cadet corps of the (United Kingdom) Royal Marines * Russell Midcap Index, a ticker symbol for a Stock market index Organizations * Rajkot Municipal Corporation, municipal corporation of Rajkot, India * Rajamahendravaram Municipal Corporation, municipal corporation of Rajamahendravaram, India * Rauma Marine Constructions, a Finnish shipbuilding company based in Rauma, Finland * Ravenshaw Management Centre, a premier management institute, Cuttack, India * RMC Group, a construction supplies company based in the United Kingdom * Rocky Mountain Construction, a roller coaster construction company based in Idaho, United States Technology * Rack mount chassis * Radiative muon capture * Rigid Metal Con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Project Management Institute
The Project Management Institute (PMI, legally Project Management Institute, Inc.) is a U.S.-based not-for-profit professional organization for project management. Overview PMI serves more than five million professionals including over 680,000 members in 217 countries and territories around the world, with 304 chapters and 14,000 volunteers serving local members in over 180 countries. Its services include the development of standards, research, education, publication, networking-opportunities in local chapters, hosting conferences and training seminars, and providing accreditation in project management. PMI has recruited volunteers to create industry standards, such as " A Guide to the Project Management Body of Knowledge", which has been recognized by the American National Standards Institute (ANSI). In 2012 ISO adapted the project management processes from the ''PMBOK Guide'' 4th edition. History In the 1960s project management as such began to be used in the US aeros ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
A Guide To The Project Management Body Of Knowledge
A, or a, is the first letter and the first vowel of the Latin alphabet, used in the modern English alphabet, the alphabets of other western European languages and others worldwide. Its name in English is ''a'' (pronounced ), plural ''aes''. It is similar in shape to the Ancient Greek letter alpha, from which it derives. The uppercase version consists of the two slanting sides of a triangle, crossed in the middle by a horizontal bar. The lowercase version can be written in two forms: the double-storey a and single-storey ɑ. The latter is commonly used in handwriting and fonts based on it, especially fonts intended to be read by children, and is also found in italic type. In English grammar, " a", and its variant " an", are indefinite articles. History The earliest certain ancestor of "A" is aleph (also written 'aleph), the first letter of the Phoenician alphabet, which consisted entirely of consonants (for that reason, it is also called an abjad to distinguish it fr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
McGraw-Hill
McGraw Hill is an American educational publishing company and one of the "big three" educational publishers that publishes educational content, software, and services for pre-K through postgraduate education. The company also publishes reference and trade publications for the medical, business, and engineering professions. McGraw Hill operates in 28 countries, has about 4,000 employees globally, and offers products and services to about 140 countries in about 60 languages. Formerly a division of The McGraw Hill Companies (later renamed McGraw Hill Financial, now S&P Global), McGraw Hill Education was divested and acquired by Apollo Global Management in March 2013 for $2.4 billion in cash. McGraw Hill was sold in 2021 to Platinum Equity for $4.5 billion. Corporate History McGraw Hill was founded in 1888 when James H. McGraw, co-founder of the company, purchased the ''American Journal of Railway Appliances''. He continued to add further publications, eventually establishin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Acquisition Regulation
The Federal Acquisition Regulation (FAR) is the principal set of rules regarding Government procurement in the United States,. and is codified at Chapter 1 of Title 48 of the Code of Federal Regulations, . It covers many of the contracts issued by the US military and NASA, as well as US civilian federal agencies. The largest single part of the FAR is Part 52, which contains standard solicitation provisions and contract clauses. Solicitation provisions are certification requirements, notices, and instructions directed at firms that might be interested in competing for a specific contract. These provisions and clauses are of six types: (i) required solicitation provisions; (ii) required-when-applicable solicitation provisions; (iii) optional solicitation provisions; (iv) required contract clauses; (v) required-when-applicable contract clauses; and (vi) optional contract clauses." If the FAR requires that a clause be included in a government contract, but that clause is omitted, cas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Project Management Professional
Project Management Professional (PMP) is an internationally recognized professional designation offered by the Project Management Institute (PMI). As of 31 July 2020, there are 1,036,368 active PMP-certified individuals and 314 chartered chapters across 214 countries and territories worldwide. The exam is one of eight credentials offered by PMI and is based on the ECO PMP Examination Content Outline. Most of the questions reference the Exam Content Outline '' PMP Examination Content Outline'' (also known as the E.C.O ). Exam syllabus The PMP exam is based on Exam Content Outline (ECO). The ECO is revised every 4-5 years by PMI. Since January 2021, the exam is tested on three different domains: # People (42%) # Process (50%) # Business Environment (8%) Prior to January 2021, the exam was based on tasks from five ''performance domains'' or ''process groups,'' encompassing a total of 49 processes''.PMBOK Guide 6th Edition'' The ''PMP Examination Specification'' weighted these ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Certification
Certification is the provision by an independent body of written assurance (a certificate) that the product, service or system in question meets specific requirements. It is the formal attestation or confirmation of certain characteristics of an object, person, or organization. This confirmation is often, but not always, provided by some form of external review, education, assessment, or audit. Accreditation is a specific organization's process of certification. According to the U.S. National Council on Measurement in Education, a certification test is a credentialing test used to determine whether individuals are knowledgeable enough in a given occupational area to be labeled "competent to practice" in that area. Types One of the most common types of certification in modern society is professional certification, where a person is certified as being able to competently complete a job or task, usually by the passing of an examination and/or the completion of a program of study ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cost-Plus-Incentive Fee
A cost-plus-incentive fee (CPIF) contract is a cost-reimbursement contract that provides for an initially negotiated fee to be adjusted later by a formula based on the relationship of total allowable costs to total target costs."Subpart 16.3—Cost-Reimbursement Contracts", U.S. Federal Acquisition Regulations, July 2010, webpage: F3. Like a cost-plus contract A cost-plus contract, also termed a cost plus contract, is a contract such that a contractor is paid for all of its allowed expenses, ''plus'' additional payment to allow for a profit. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Incentive
In general, incentives are anything that persuade a person to alter their behaviour. It is emphasised that incentives matter by the basic law of economists and the laws of behaviour, which state that higher incentives amount to greater levels of effort and therefore, higher levels of performance. Divisions Incentives can be broken down into two categories; intrinsic incentives and extrinsic incentives. The motivation of people's behaviour comes from within. In activities, they are often motivated by the task itself or the internal reward rather than the external reward. There are many internal rewards, for example, participating in activities can satisfy people's sense of achievement and bring them positive emotions. An intrinsic incentive is when a person is motivated to act in a certain way for their own personal satisfaction. This means that when a person is intrinsically incentivised, they perform a certain task to please themselves and are not seeking any external reward, no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
