PMI Project Management Professional Practice Question
A project manager is working on a cost-plus incentive fee contract with the following parameters: Ceiling Price = $1,000,000, Target Price = $800,000, Buyer's Share Ratio = 80%, and Target Cost = $750,000. What is the Point of Total Assumption (PTA) for this contract?
$1,000,000
$962,500
$925,000
$950,000