CAPM (Certified Associate in Project Management) Practice Exam

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What is the point of total assumption?

  1. The point at which the buyer takes full responsibility for the project

  2. The point above which the seller assumes responsibility for all costs

  3. The initial estimate of the project's total cost

  4. The deadline for contract completion

The correct answer is: The point above which the seller assumes responsibility for all costs

The point of total assumption in a contract refers to the level of cost or performance where the seller bears all the additional costs and assumes full responsibility for all project risks. This means that beyond this point, the seller is obligated to manage any additional costs incurred, providing an incentive for the seller to control costs effectively to avoid reaching this threshold. Therefore, Choice B is correct. Choices A, C, and D are incorrect because they do not accurately represent the concept of the point of total assumption in project management contracts.

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