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PMP Certification Prep Flashcards

The flashcards below were created by user alvincolon on FreezingBlue Flashcards.

  1. RFP
    REQUEST FOR PROPOSAL
  2. RFB
    REQUEST FOR BID
  3. RFQ
    REQUEST FOR QUOTE
  4. RFI
    REQUEST FOR INFORMATION
  5. IFB
    INVITATION FOR BID
  6. PTA - Terminology
    POINT OF TOTAL ASSUMPTION
  7. PTA (POINT OF TOTAL ASSUMPTION) - Definition
    The point where the seller has to pay for any cost overruns; the point where the project costs exceed the total budget.
  8. PTA (POINT OF TOTAL ASSUMPTION) - Formula
    PTA = TARGET COST + ((CEILING PRICE - TARGET COST)/BUYERS SHARE)
  9. TEAMING AGREEMENTS - Definition
    A STANDARDIZED CONTRACT BETWEEN TWO PARTIES TO SIMPLY PROCUREMENTS. aka: master service agreement.
  10. MASTER SERVICE AGREEMENT - aka
    TEAMING AGREEMENT
Author
alvincolon
ID
246313
Card Set
PMP Certification Prep Flashcards
Description
PROCUREMENT DOCUMENTS
Updated
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