If the final costs are less or greater than the original estimated costs, then both the buyer and seller share costs based upon a pre-negotiated formula (such as 70/30). Generally the first number in the split refers to the buyer's portion, the second number to the seller's portion. Contract value = actual costs ± percentage of difference + incentive fee Cost Plus Award Fee (CPAF) In a CPAF contract the seller is reimbursed for allowable costs. The majority of the fee is only earned based on the satisfaction of identified broad subjective performance criteria. The performance criteria is defined and included in the contract and the fee determination is based solely on the determination of seller performance by the buyer and is usually not subject to appeals. Contract value = actual costs + buyer-defined performance fee Examples CPFF: The contract states that the builder will be reimbursed for the costs associated with the construction of the shed, estimated at $10, 000. In addition, the builder will receive a fixed fee equal to 50% of the estimated costs ($10, 000 x 50% = $5, 000) If the final costs are $18, 000, the builder will receive: $18, 000 Cost (100% of actual costs) $5, 000 Fixed Fee (50% of the $10, 000 estimate) $23, 000 Total CPIF: The contract states that the artist will have all costs reimbursed for the new sign, estimated at $5, 000 and in addition, for each day that the sign is completed early, the artist will receive $200.
How much does a PMP certification cost in India? - Quora
So you have to showcase your 35 contact hours to the PMI. For this, you have to attend formal project management training. Today there are a number of training options available and the cost of training depends on the type of training or the training provider. There are different modes of training Classroom training, Online training, Virtual training. Always be sure that the training provider should be teaching you all the domains knowledge which is required in your training. The cost of online training programs costs you around $180. For virtual classes, the cost will be around $500-$1000. And for live training, it's somewhere around $1000. So PMP training will costs you somewhere around 180-1000 USD. Apart from this, you can also gain your 35 contact hours through an online self- learning course. These courses are easily available online and cost you around $200-$500. PMBOK Guide And Other Reference Books For your preparation, you have to buy some study material. The standard book which generally all aspirants use is the PMBOK Guide.
The cost of 35 hours of PMP training varies from country to country and mode of training. iCert Global conducts 4-days PMP®️training program based on the Project Management Institute's " A Guide to the Project Management Body of Knowledge" ( PMBOK ® Guide 6th Edition). Professionals will train you about the project lifecycle, process groups, knowledge areas and equip you with the functional knowledge and business insights to lead and manage projects effectively. The cost iCert Global offers for PMP training across different countries are mentioned in the below table: ( Note: Cost may vary according to time) Countries Currency Cost for E-Learning Cost for Instructor-Led-Live Virtual Training Cost for Instructor-Led-Live Classroom Training US USD 99 999 1499 Canada CAD 1599 UK GBP 599 1199 Aust AUD 1699 India INR 3999 12999 14999 Singapore SGD 1899 UAE AED 499 2499 Saudi SAR Europe As stated before PMBOK® guide is only the principal source. It is not the only source, so try to get study materials that you can access with regard to project management.
Try to read as many as possible – the depth matters. With tons of information in the internet, you can make the most of the opportunity to your personal growth and benefit. The other study materials might cost you around $35-$65. Exam simulators are practice test papers to check the extent of your preparation. You will get to know the stronger and weaker areas to concentrate on. The cost of exam simulators will range from $140 to $300 You can re-schedule your PMP exam two days before the scheduled date by paying the cancellation fee applied according to 30 days policy and 2 days policy. If you reschedule or cancel your exam before 30 days of the exam appointment you will be charged $70 If you fail to reschedule or cancel your exam appointment before 2 calendar days you will forfeit the exam entire fee. The following example gives you a clear picture of 30 days and 2 days policy: You can take up re-examination for the remaining attempts by paying the following fee: What is PMP? What Are The Target Audience And Eligibility Criteria For Doing A PMP® Certification?