Cost Plus Incentive Fee Calculations For PMP Exam

By Vinai Prakash One of my PMChamp PMP Coaching Workshop students, Locksley asked me an interesting question regarding contract calculations. Most questions in the PMP exam from the Procurement Management Knowledge Area are about the different types of contracts, and choosing the best type of contract in a particular situation. But this one was different… … Read more

Contract Types for PMP Exam

By Vinai Prakash Many PMP Questions from the Procurement Management Knowledge Area focus on the different Contract Types. However, many project managers have never worked in Procurement/Contracts/External Vendors, and they find such questions quite tough. I have now created a complete Video post about the different Key Contract Types that you must know about for … Read more

Simple Formula Questions Part 2 – Calculating Float

By Vinai Prakash Many calculation type PMP questions are pretty straight forward. All you need to know is the right formula, and have a good understanding of the basic concepts to apply the formula in the right way. In the first part of the series, I talked about the Three Point Estimate Questions. Today, I … Read more