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  2. Point of total assumption - Wikipedia

    en.wikipedia.org/wiki/Point_of_total_assumption

    Calculation of Point of Total assumption (the case when EAC exceeds PTA that should be treated as a risk trigger, is shown) 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.

  3. Equivalent annual cost - Wikipedia

    en.wikipedia.org/wiki/Equivalent_annual_cost

    In finance, the equivalent annual cost (EAC) is the cost per year of owning and operating an asset over its entire lifespan.It is calculated by dividing the negative NPV of a project by the "present value of annuity factor":

  4. Project Management Professional - Wikipedia

    en.wikipedia.org/wiki/Project_Management...

    The exam consists of 180 multiple-choice questions written against the PMBOK specification and the PMP Code of Ethics. The exam is closed-book; no reference materials are allowed. Five of the 180 questions on the exam are "sample" questions used to fine-tune the degree of difficulty and precision of the exam and as such are not counted for or ...

  5. Budgeted cost of work performed - Wikipedia

    en.wikipedia.org/wiki/Budgeted_cost_of_work...

    To illustrate the difference between the three terms, assume that a schedule contains a task "Test hardware" estimated to run from 1 January to 10 January and to cost $1000, and that this is a simple effort with no overhead or allocated costs. However on 5 January, halfway through the time allowed, the work is 30% complete and has spent $250.

  6. Project management triangle - Wikipedia

    en.wikipedia.org/wiki/Project_management_triangle

    The project management triangle. The project management triangle (called also the triple constraint, iron triangle and project triangle) is a model of the constraints of project management.

  7. Program evaluation and review technique - Wikipedia

    en.wikipedia.org/wiki/Program_Evaluation_and...

    PERT network chart for a seven-month project with five milestones (10 through 50) and six activities (A through F).. The program evaluation and review technique (PERT) is a statistical tool used in project management, which was designed to analyze and represent the tasks involved in completing a given project.

  8. Graphical Evaluation and Review Technique - Wikipedia

    en.wikipedia.org/wiki/Graphical_Evaluation_and...

    Graphical Evaluation and Review Technique (GERT) is a network analysis technique used in project management that allows probabilistic treatment both network logic and estimation of activity duration.

  9. Precedence diagram method - Wikipedia

    en.wikipedia.org/wiki/Precedence_Diagram_Method

    The precedence diagram method (PDM) is a tool for scheduling activities in a project plan.It is a method of constructing a project schedule network diagram that uses boxes, referred to as nodes, to represent activities and connects them with arrows that show the dependencies.

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