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by manishpn
Tue Jul 11, 2017 2:41 pm
Forum: PMP® Queries and Tips
Topic: Sponsoring entity
Replies: 1
Views: 109

Re: Sponsoring entity

The project charter should be authored by the sponsoring entity. (PMBOK 5E, pg-67) If our organization’s portfolio manager received SoW & agreement from a buyer organization's procurement dept, then who is the Sponsoring entity? BR// Jahirul Not sure about your question. if someone receives SOW...
by manishpn
Tue Jul 11, 2017 2:39 pm
Forum: PMP® Open Forum
Topic: Practiced Conflict Resolution System
Replies: 2
Views: 99

Re: Practiced Conflict Resolution System

I dont think there is any recommendation or statistics collected to support this, however if i go with elimination then option 1 and 2 are eliminated as it has force.

from 3 and 4. I will prefer 4, as Authoritative is not a conflict resolution technique
by manishpn
Tue Jul 11, 2017 2:32 pm
Forum: PMP® Open Forum
Topic: Close Project
Replies: 1
Views: 82

Re: Close Project

I have explained in this in clarification session, some of the team members can be released at the start of project closure. however final step would be to release the remaining team from project
by manishpn
Tue Jul 11, 2017 2:30 pm
Forum: PMP® Open Forum
Topic: Human Resource Management
Replies: 1
Views: 59

Re: Human Resource Management

Except for personal matters, PM can delegate all other tasks , especially in large projects,

I would not waste my time on such questions
by manishpn
Tue Jul 11, 2017 2:26 pm
Forum: PMP® Open Forum
Topic: Expected Monetary value
Replies: 2
Views: 77

Re: Expected Monetary value

we encourage the students to do the math by yourself and lets than discuss.

If you get ready answer for maths you will not be able to learn
by manishpn
Tue Jul 11, 2017 2:11 pm
Forum: PMP® Exam Lessons – Success Stories
Topic: Passed PMP - First attempt - 3P & 2 MP
Replies: 2
Views: 243

Re: Passed PMP - First attempt - 3P & 2 MP

Congratulations, and thanks for providing your feedback, we will work on your suggestions
by manishpn
Tue Jul 11, 2017 2:08 pm
Forum: PMP® Exam Lessons – Success Stories
Topic: Passed PMP
Replies: 2
Views: 126

Re: Passed PMP

congratulations and wish you all the best
by manishpn
Sun Jul 09, 2017 12:30 pm
Forum: PMP® Open Forum
Topic: Scope
Replies: 3
Views: 82

Re: Scope

In construction project, PM is creating documents that will define the product or report status on product completion. These can also be referred to as: 1 Project documents 2 Project management plan 3 Scope baseline 4 Scope management plan Correct Answer 1. My Answer is option 4. Can somebody Ellua...
by manishpn
Sun Jul 09, 2017 12:19 pm
Forum: PMP® Open Forum
Topic: Ethical Question
Replies: 6
Views: 140

Re: Ethical Question

YOu need to understand that Project management is industry agnostic skill. which means a project manager is not certified to work only in construction or IT When you get certified by PMI its for project management across board. Remember this for Exam. So for given question option #3 is best as if yo...
by manishpn
Sun Jul 09, 2017 12:16 pm
Forum: PMP® Open Forum
Topic: Reg output of Plan Communications Management
Replies: 2
Views: 70

Re: Reg output of Plan Communications Management

Yes I agree with Dsharma, When project develops CMP, there can be additional requirements on project on the way and means of communications. For example , if there is a requirement for video conference calling , then team needs to set it up which may need time also note that even resource requiremen...
by manishpn
Thu Jul 06, 2017 7:11 pm
Forum: PMP® Open Forum
Topic: Control Schedule
Replies: 4
Views: 122

Re: Control Schedule

kapil.bhauryal wrote:I will go with Option 3. Project manager takes the anticipated changes through the change control process.


I agree with Kapil.

please refer to Pag 186 in PMBOK.
by manishpn
Thu Jul 06, 2017 5:53 pm
Forum: PMP® Open Forum
Topic: Project Status updates
Replies: 2
Views: 74

Re: Project Status updates

Question :Your project is in the execution stage. NPV of your project is -$150,000 and IRR is 4%. CPI is 1.3 and SPI is 0.7 What is the recommended action? 1 Cancel the project since NPV is negative 2 Cancel the project since IRR is very low 3 Crash your project 4 Try to improve the NPV as far as m...
by manishpn
Wed Jul 05, 2017 5:00 pm
Forum: PMP® Open Forum
Topic: Quality
Replies: 6
Views: 126

Re: Quality

Question : Which of the following statements about "Quality" and "Grade" is correct? A. Grade is a rank given to entities having the same functional use but different technical characteristics. B. Low quality product may be of high grade. C. Low grade product may be of high qual...
by manishpn
Wed Jul 05, 2017 4:51 pm
Forum: PMP® Open Forum
Topic: Quality
Replies: 6
Views: 126

Re: Quality

VCAB wrote:Can question like this come the exam!!!!!

Usually not in the same format but a situation can come which can challenge your knowledge about quality and Grade
by manishpn
Wed Jul 05, 2017 5:25 am
Forum: PMP® Open Forum
Topic: Similiarity IT/Construction Project Management
Replies: 2
Views: 76

Re: Similiarity IT/Construction Project Management

You are a project manager in an IT company. You have recently received an offer as a project manager in a construction company offering a 20% salary increase. You have excellent technical knowledge in the IT field, but do not have much exposure to the construction industry. In this context, 1 You s...
by manishpn
Mon Jul 03, 2017 11:51 am
Forum: PMP® Open Forum
Topic: Project Closure
Replies: 2
Views: 83

Re: Project Closure

I would agree with Kapil.

As far as contract scope is completed and all obligations fulfilled PM should move for contract closure.
by manishpn
Sat Jul 01, 2017 7:45 am
Forum: PMP® Open Forum
Topic: Project Status
Replies: 2
Views: 108

Re: Project Status

In the home construction project, the CPI is 0.80 and SPI are 1.2. What could be the best possible reason? 1 A critical resource went on sick leave for a long period of time, which had not been anticipated earlier. 2 The cost of raw materials required for construction increased by 15%. You had anti...
by manishpn
Thu Jun 29, 2017 9:29 am
Forum: PMP® Mock Exams Open Questions
Topic: Avoiding Vs Mitigating Risk
Replies: 6
Views: 359

Re: Avoiding Vs Mitigating Risk

based on the information provided its difficult to conclude for sure but my impression is that adding resource to project is a risk mitigation as, its only going to reduce the probability or impact of risk not eliminate it, Risk avoidance is on other hand actions taken by project to eliminate risk t...
by manishpn
Thu Jun 29, 2017 9:14 am
Forum: PMP® Open Forum
Topic: PMI Code of Ethics
Replies: 2
Views: 100

Re: PMI Code of Ethics

The Project Manager is discussing her project with a close friend and colleague in the same company. She is worried that your project is behind schedule and over budget. Her(PM) colleague explained how she was able to bring her project back on schedule by taking out some non-critical tasks from the...
by manishpn
Thu Jun 29, 2017 8:43 am
Forum: PMP® Open Forum
Topic: Project Network Diagram
Replies: 1
Views: 75

Re: Project Network Diagram

i would request you to draw your own SND take a picture and upload it, then we can discuss
by manishpn
Thu Jun 29, 2017 8:42 am
Forum: PMP® Open Forum
Topic: Risks in Contract Types!
Replies: 4
Views: 160

Re: Risks in Contract Types!

My mistake it is true it can be used to transfer liabilities but if its not in original contract then it has to be amdended,
by manishpn
Wed Jun 28, 2017 8:44 pm
Forum: PMP® Open Forum
Topic: Risks in Contract Types!
Replies: 4
Views: 160

Re: Risks in Contract Types!

In your project, you have been sub-contracting your development work to three consultancy firms. Which of the following statements about transferring risk to a contractor is not true? the question is asking which one of the following is FALSE. lets do elimination 1 Risk transference nearly always i...
by manishpn
Wed Jun 28, 2017 8:12 am
Forum: PMP® Open Forum
Topic: WORK AROUND IN RISK MANAGEMENT
Replies: 3
Views: 116

Re: WORK AROUND IN RISK MANAGEMENT

Management reserve is used for unkown unkonwn. so for risks which were not identified earlier management reserve can be used

however for risk which were identified but no response was planned, and for such risks when you use workarounds, management reserves cannot be used
by manishpn
Mon Jun 26, 2017 7:39 pm
Forum: PMP® Open Forum
Topic: Procurement problem
Replies: 5
Views: 175

Re: Procurement problem

This is not purely a procurement question, its about calculating target fees (profit) based on point of total assumption formula. Its rarely seen in exm however if you still want to try, i always recommend that you do your math and post it here for discussion, if you get ready answers for maths its ...
by manishpn
Mon Jun 26, 2017 7:36 pm
Forum: PMP® Open Forum
Topic: Benefit Cost Ratio - Interpretation Question
Replies: 10
Views: 762

Re: Benefit Cost Ratio - Interpretation Question

yes not a good quality question i must say,

but as i mentioned in last weeks clarification session we should always look for BCR ratio where Benifit is divided by cost.
by manishpn
Sun Jun 25, 2017 2:19 pm
Forum: PMP® Open Forum
Topic: Ethics Question
Replies: 3
Views: 124

Re: Ethics Question

Question : During an informal discussion Prooject Manager had with another PMP certificant, he mentioned how he was able to sit for the PMP Certification exam two years ago by using false contact hour certificates. PM should: 1 Report this to PMI 2 Report this to his supervisor 3 Do nothing, since ...
by manishpn
Sun Jun 25, 2017 2:17 pm
Forum: PMP® Open Forum
Topic: Ethics Question.
Replies: 3
Views: 93

Re: Ethics Question.

agree with makarand and Kapil .
by manishpn
Sun Jun 25, 2017 2:16 pm
Forum: PMP® Open Forum
Topic: Probability and Impact
Replies: 2
Views: 88

Re: Probability and Impact

These type of questions are rare in exam, I am not an expert on probability theory calculations,

if you are aware of the answer kindly share with others as well.

Please note that this is not related to depreciation or impact.
by manishpn
Sun Jun 25, 2017 2:13 pm
Forum: PMP® Open Forum
Topic: Stakeholder Engagement
Replies: 3
Views: 103

Re: Stakeholder Engagement

Stakeholder Unaware Resistant Neutral Supportive Leading Sponsor C D (What does this mean? stakeholder is at which level of engagement at this stage?) CEO C D Team Member C/D C = Current Engagement Level; D = Desired Engagement Level without really going into the details of the options , Sponsor en...
by manishpn
Fri Jun 23, 2017 8:18 pm
Forum: PMP® Open Forum
Topic: Benefit Cost Ratio - Interpretation Question
Replies: 10
Views: 762

Re: Benefit Cost Ratio - Interpretation Question

Yes I agree option A is the best choice
by manishpn
Fri Jun 23, 2017 8:15 pm
Forum: PMP® Open Forum
Topic: Stakeholder Engagement
Replies: 3
Views: 103

Re: Stakeholder Engagement

Not able to understand the matrix in question and options provided and what
If possible attach the picture of the question as your text is confusing
by manishpn
Mon Jun 19, 2017 11:07 am
Forum: PMP® Open Forum
Topic: Could not understand Schedule method, schedule model in Time Management
Replies: 1
Views: 114

Re: Could not understand Schedule method, schedule model in Time Management

Hi,

this is very broad topic and cnnot be typed and explained on forum.
Saket mentions about third party tools that are standard tools available in market
by manishpn
Mon Jun 19, 2017 11:03 am
Forum: PMP® Open Forum
Topic: Stakeholder Management
Replies: 6
Views: 196

Re: Stakeholder Management

I would pick: 1.Take into account risk tolerance (choosing the ans by elimination method) And to my understanding , working on Risk Tolerance would be PM and PM Teams responsibility rather than Sponsor/Customer , although Sponsor/Customer would contribute initially in giving their inputs for Risks ...
by manishpn
Sun Jun 18, 2017 8:20 pm
Forum: PMP® Open Forum
Topic: HR Management
Replies: 2
Views: 118

Re: HR Management

I agree with both of you,
by manishpn
Sun Jun 18, 2017 8:18 pm
Forum: PMP® Open Forum
Topic: Communication Management
Replies: 1
Views: 77

Re: Communication Management

Briefing is a form of formal verbal communication

for example if the sponsor call for a briefing meeting with project team to communicate certain key messages, it is a formal way of communication
by manishpn
Sun Jun 18, 2017 8:12 pm
Forum: PMP® Open Forum
Topic: Control Quality
Replies: 1
Views: 79

Re: Control Quality

Question :Control Quality is the process of monitoring and recording results of executing the quality base activities to do the performance and recommend necessary changes. To evaluate control quality output data, the project team must ideally have a working knowledge of: 1 Prevention and Inspectio...
by manishpn
Sun Jun 18, 2017 7:14 pm
Forum: PMP® Open Forum
Topic: Stakeholder Management
Replies: 6
Views: 196

Re: Stakeholder Management

A project manager has to manage different stakeholder expectations. Project sponsor and customer are two very important stakeholders in any project. In this respect, which of the following is NOT the responsibility of both the project sponsor and the customer? 1 Take into account risk tolerance - T...
by manishpn
Fri Jun 16, 2017 5:15 pm
Forum: PMP® Open Forum
Topic: Validate Scope in Project scope management
Replies: 1
Views: 94

Re: Validate Scope in Project scope management

Please put more shadow with examples on validate scope as could not understand from video. Validate scope is the process in which the deliverable are accepted by the end user (end user who are authorized to accept the deliverable s will be mentioned in project management plan) So if you look at the...
by manishpn
Fri Jun 16, 2017 4:59 pm
Forum: PMP® Open Forum
Topic: Procurement Management (Early Termination of the Contract)
Replies: 1
Views: 113

Re: Procurement Management (Early Termination of the Contract)

yes you are correct it can happen for any of the 3 reason mentioned ,
by manishpn
Thu Jun 15, 2017 12:32 pm
Forum: PMP® Open Forum
Topic: CS MT 16
Replies: 3
Views: 141

Re: CS MT 16

Close Project or phase is the process of completing and concluding all activities across all of the process group to officially close the project. Which of the following activities are NOT performed during the process? 1. Action required to transfer completed product or operations. 2. Action requir...
by manishpn
Wed Jun 14, 2017 1:50 pm
Forum: PMP® Open Forum
Topic: Project Management Plan Template with demo data.
Replies: 1
Views: 101

Re: Project Management Plan Template with demo data.

its not possible to upload the plan i have due to confidential informations in it however you can see templates to link below http://www.projectmanagementdocs.com/project-planning-templates/project-management-plan.html#axzz4jz53wEN1 if you are PMI member there are templates on projectmanagement.com ...
by manishpn
Wed Jun 14, 2017 11:17 am
Forum: PMP® Queries and Tips
Topic: Monitoring and Control Process in Project Integration management
Replies: 1
Views: 123

Re: Monitoring and Control Process in Project Integration management

There are 11 process in M and C process group. Project integration management should be seen as an integrating/Binding layer for all the knowledge areas. So when we talk about Monitoring and Control Process in Project Integration management we are referring to overall project performance monitoring,...
by manishpn
Mon Jun 12, 2017 7:28 pm
Forum: PMP® Queries and Tips
Topic: Regarding the Percentage Calculation of SV and CV
Replies: 1
Views: 112

Re: Regarding the Percentage Calculation of SV and CV

narayanankuttytp wrote:Hi
How we can calculate CV percentage and SV percentage

CV = EV-AC/EV *100
SV = EV-PV/EV * 100

Is this formula is correct

Cost Variance (CV) = Earned Value (EV) − Actual Cost (AC)
and
CV % = Cost Variance (CV) ⁄ Earned Value (EV)

so your formula is also right
by manishpn
Mon Jun 12, 2017 7:25 pm
Forum: PMP® Open Forum
Topic: CS MT 16
Replies: 3
Views: 141

Re: CS MT 16

Close Project or phase is the process of completing and concluding all activities across all of the process group to officially close the project. Which of the following activities are NOT performed during the process. 1. Action required to transfer completed product or operations. 2. Action requir...
by manishpn
Mon Jun 12, 2017 7:20 pm
Forum: PMP® Open Forum
Topic: Christopher Scordo MT 16Q
Replies: 1
Views: 112

Re: Christopher Scordo MT 16Q

You just taken over a project from another project manger about 6 months into a 12 month project. As a PM you get to know the 6 staffs member are relatives of the previous project manager. What is the course of action of new project manager? A. Notify stake holders about probability of nepotism. B....
by manishpn
Mon Jun 12, 2017 7:18 pm
Forum: PMP® Open Forum
Topic: Risk management (Risk and Issue)
Replies: 1
Views: 87

Re: Risk management (Risk and Issue)

what is the question here?
by manishpn
Wed May 24, 2017 4:27 pm
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 46th Question
Replies: 4
Views: 1406

Re: Oliver 75 - 46th Question

You should not be too much worried about 3 point estimates , the important thing is critical chain method in the option, its used when resources are scarce, critical path method is not effective when resources are scarce 3 point estimates is anyways good and there is already mention in question that...
by manishpn
Thu May 18, 2017 5:35 pm
Forum: PMP® Exam Lessons – Success Stories
Topic: Passed PMP Test
Replies: 2
Views: 503

Re: Passed PMP Test

Congratulations and do share your journey and experience in exam that will help other students
by manishpn
Wed May 17, 2017 8:34 am
Forum: PMP® Open Forum
Topic: Confidence Level
Replies: 4
Views: 392

Re: Confidence Level

Hi, Critical path of the project has 3 activities in sequence . Activity A has optimistic estimate as 8,pessimistic as 16 and most likely as 12.Activity B has optimistic estimate as5,Pessimistic estimates as15 and most likely estimate as 0.Activity C has optimistic estimate as 10,pessismistic estim...
by manishpn
Sun May 14, 2017 8:51 am
Forum: PMP® Open Forum
Topic: how to access scordo pmp exa prep questions
Replies: 1
Views: 204

Re: how to access scordo pmp exa prep questions

Hi Rajat,

Kindly write email to Support@izenbridge.com

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