PMP Certification Prep Flashcards

Card Set Information

Author:
alvincolon
ID:
246313
Filename:
PMP Certification Prep Flashcards
Updated:
2013-11-11 11:51:23
Tags:
PROCUREMENT MANAGEMENT
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Description:
PROCUREMENT DOCUMENTS
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  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

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