PTA

Submitted by BK on Fri, 05/10/2013 - 09:57

 As per Rita's book PTA is only applicable to FPIF contract.

 


 

In your project, the seller is worried that the CPIF contract is reaching the point of total assumption.

What is meant by the point of total assumption? 

 

 

Choice 1

Point where share ratio becomes irrelevant

 

 

Choice 2

Point where risk registers need to be updated

 

 

Choice 3

Point where buyer assumes all the risk

 

 

Choice 4

Point where seller decides not to do the project any more

 Then how this Qn is Valid?

Any thought?

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rwmv

Fri, 05/10/2013 - 10:53

 4

BK

Fri, 05/10/2013 - 15:41

 correct ans is 1.

Geethika

Fri, 05/10/2013 - 12:27

PTA present in CPIF also. Below thread may help..

 http://pmzilla.com/point-total-assumption-pmp

crushPMP's picture

crushPMP

Fri, 05/10/2013 - 15:48

I really don't understand one thing. If PTA is never being mentioned in PMBok v4 (I did a search on the digital copy), is it a fair question to be asked in the real exam???


PMBoK is the body ok knowledge that contains / outlines the "syllabus" for the exam, no?

pmpnewster

Fri, 05/10/2013 - 16:13

 

From what I understand, PMBOK represents *most* of the 'syllabus', but that there are other PMI publications that contain some exam-related topics. I daresay PTA is one such topic.

However, most people seem to be doing just fine treating the PMBOK matter as the 'syllabus'. A supplementary book such as Rita Mulcahy or Andy Crowe might provide these 'missing but important for the exam' topics.

Regards.

 

crushPMP's picture

crushPMP

Mon, 05/13/2013 - 14:01

Thanks pmpnewster for your insight. I have been using the pdf search functionality a lot, lately on the PMBoK v4. Did not read the bible in it's entirely, but reference it to fill in the gaps.


I would say, a structured, diligent review of Rita (once) + PMBOK (once) = 5P's. I am really worried when I see people doing multiple reads and still failing the exam. Hope that exam is not that difficult to master.