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by bandarna
Fri Dec 19, 2014 3:09 am
Forum: PMP® Open Forum
Topic: FP-EPA what if inflation decreases
Replies: 1
Views: 501

FP-EPA what if inflation decreases

In a Fixed Price with Economic Price Adjustment Contract what happens if the Dollar Price goes down or labor rates decreased or interest rates are decreased? Does the buyer will decrease the price? Meaning seller will get less money than the initially agreed upon?


-Narsimha
by bandarna
Thu Dec 04, 2014 4:52 am
Forum: PMP® Open Forum
Topic: How to calculate the EMV for the questions attached?
Replies: 1
Views: 523

How to calculate the EMV for the questions attached?

How to calculate the EMV for the questions attached?

-Narsimha
by bandarna
Wed Dec 03, 2014 8:00 pm
Forum: PMP® Open Forum
Topic: Quesions on Risk Response
Replies: 2
Views: 595

Quesions on Risk Response

If the team cannot identify a sutable response to an identified risk, whcih risk response strategy woud they apply? A. Avoidance B. Mitigation C. Transference D. Acceptance Answer is D. Why not C? What if the Risk is really high and not find any response, wouldn’t it damage the work just by acceptin...
by bandarna
Wed Dec 03, 2014 7:53 pm
Forum: PMP® Open Forum
Topic: Question on Control Chart
Replies: 2
Views: 506

Re: Question on Control Chart

Tanks Ranjit,
Some questions are rally tricky.


-Narsimha
by bandarna
Sat Nov 29, 2014 1:42 am
Forum: PMP® Open Forum
Topic: Question on Control Chart
Replies: 2
Views: 506

Question on Control Chart

do we really stop the production when occurs below situation? A control Chart indicates the last 12 weights produced were outside the upper Control limit. What should the project manager do? A. Work to better meet ISO 9000 standards. B. Plan to rework the 12 weights. C. Stop production. D. Look for ...
by bandarna
Wed Nov 26, 2014 1:08 am
Forum: PMP® Open Forum
Topic: Rough order of magnitude (ROM)
Replies: 4
Views: 1878

Rough order of magnitude (ROM)

A budget estimate is in the range from: A. -1 percent to +10 percent from actual. B. -10 percent to +25 percent from actual. C. -10 percent to +10 percent from actual. D. -25 percent to +75 percent from actual. I answered as D but correct one is B. I am not sure why. PMBOK Page no 201 has like below...
by bandarna
Sun Nov 16, 2014 10:25 pm
Forum: PMP® Open Forum
Topic: Please help me
Replies: 4
Views: 786

Re: Please help me

Here is my understanding about these three terms… If I am wrong any one correct me. Corrective Actions: Corrective actions are taken when the project has deviated from the planned scope, schedule, cost, or quality requirements etc... Corrective actions are reactive in nature meaning they will come a...
by bandarna
Fri Oct 17, 2014 3:58 am
Forum: PMP® Open Forum
Topic: Quesion on procurement
Replies: 3
Views: 813

Quesion on procurement

A seller completes work as specified in procurement statement of work, but the buyer is not pleased with the results. The contract is considered to be: A. Null and Void B. Incomplete C. Complete D. Rework required I have chosen Incomplete because buyer is not happy and he can’t be signing the closin...
by bandarna
Mon Oct 13, 2014 10:40 pm
Forum: PMP® Queries and Tips
Topic: Question on Risks Identified.
Replies: 3
Views: 796

Question on Risks Identified.

According to the PBMOK, the high-level risks are identified while Develop project charter. According to Rita’s while accepting the above statement she said, the major risk identification effort is done during the planning. I am fine with this. But if exam asks Where is the most of the risks are iden...
by bandarna
Sun Oct 12, 2014 3:35 pm
Forum: PMP® Open Forum
Topic: Risk Management Question 3 of 10 Assessment
Replies: 2
Views: 525

Risk Management Question 3 of 10 Assessment

A Risk having negative impact has 20% probability of occurring. If it occurs, it will cost an extra $20,000 to the project. What is the Expected Monetary Value (EMV) of this risk? A. $6,000 B. $4,000 $4,000 (why two times?) C. $7,500 D. $5,000 B is correct but why it is displayed twice in test? it i...
by bandarna
Sun Oct 12, 2014 1:55 pm
Forum: PMP® Open Forum
Topic: How to subscribe for new Video training from iZenBridge
Replies: 3
Views: 671

Re: How to subscribe for new Video training from iZenBridge

On http://www.izenbridge.com/ move over your mouse on Webinars. You will see a drop down menu. Select your options (Free Webinars, Member Exclusive Webinars etc.) Click on Register Now button and enter your user name and password. If you are member you can attend both free and member Exclusive or if...
by bandarna
Sat Oct 11, 2014 4:04 am
Forum: PMP® Open Forum
Topic: CPM Question
Replies: 11
Views: 2317

Re: CPM Question

Do we get question like this in real exam?

-Narsimha
by bandarna
Sun Oct 05, 2014 12:59 am
Forum: PMP® Open Forum
Topic: Oliver Lehmann - Question source
Replies: 3
Views: 1430

Re: Oliver Lehmann - Question source

Neham,

I see some the meaning of it in wiki.

http://en.wikipedia.org/wiki/Abilene_paradox

I think we should not much worry about these kind of questions. they are above and behind PMBOK, unless we have extra enough time. I may be wrong. let's wait for other comments.

-Narsi
by bandarna
Sun Oct 05, 2014 12:40 am
Forum: PMP® Open Forum
Topic: HR Question
Replies: 3
Views: 672

HR Question

Ray is using an organization chart to figure out how he will staff his project. What process is he performing?
• Plan Human Resource Management
• Acquire project Team
• Develop Project Team
• Manage Project Team
I answered it as C. But wrong! Why is A correct answer?


-Narsi
by bandarna
Fri Oct 03, 2014 7:58 pm
Forum: PMP® Exam Lessons – Success Stories
Topic: PMP Exam Day
Replies: 8
Views: 2908

Re: PMP Exam Day

Congrats Umesh!

-Narsimha B
by bandarna
Fri Oct 03, 2014 2:17 am
Forum: PMP® Exam Lessons – Success Stories
Topic: cleared PMP exam today ...........
Replies: 10
Views: 1900

Re: cleared PMP exam today ...........

Congrats Achal. You made it!!!

-Narsi
by bandarna
Mon Sep 22, 2014 4:35 am
Forum: PMP® Queries and Tips
Topic: Question on Schedule Network Diagram ES vs EF
Replies: 2
Views: 833

Question on Schedule Network Diagram ES vs EF

Saket, You video on calculating both ES and EF (backward pass and foreword pass) are clear. You have started ES as 1 and EF 2 for the first activity in a network schedule diagram. Next you have used formula as (ES+ Duration) -1 for EF. One the other hand in Rita's book v8 (page No: 221), she has sta...
by bandarna
Mon Sep 15, 2014 4:48 am
Forum: PMP® Open Forum
Topic: Business Case vs Business Need
Replies: 9
Views: 3268

Re: Business Case vs Business Need

Yes Saket, it is from the database. one of the 10 questions. I sent screen shot to support email account and seema.sonkiya should have received it.

Thanks,
-Narsi
by bandarna
Fri Sep 12, 2014 3:05 pm
Forum: PMP® Open Forum
Topic: Business Case vs Business Need
Replies: 9
Views: 3268

Re: Business Case vs Business Need

For the below questions I selected D. am I wrong? Test result says C is correct answer Railway Coach Manufacturing company has embarked upon a project to develop prototype for light weight steel coach. Mark is project manager and working with sponsor on project charter. Where can mark find cost bene...
by bandarna
Wed Sep 10, 2014 1:58 am
Forum: PMP® Open Forum
Topic: Opportunity Cost?
Replies: 1
Views: 581

Opportunity Cost?

Rita’s Book (page # 122) described Opportunity cost. It is simple. Project A with NPV of $45,000 and Project B with NPV of $85,000. If we select project B then the opportunity cost would be $45,000 "The opportunity cost is the value of the project not selected" My questions is if there is ...
by bandarna
Wed Sep 10, 2014 1:48 am
Forum: PMP® Open Forum
Topic: Internal projects and External projects?
Replies: 1
Views: 466

Internal projects and External projects?

How to identify internal projects and external projects?

Thanks,
-Narsimha
by bandarna
Sat Sep 06, 2014 3:41 am
Forum: PMP® Open Forum
Topic: Some PMP General questions for starter
Replies: 2
Views: 939

Some PMP General questions for starter

1. How are the questions generated for PMP exam? Is it randomly selects from the pre-defined pool from PMI database? Do the questions ever repeat in exams? Does the brain dump helps? 2. How to recognize 25 ethics questions during the exam? Is there any clue to recognize the ethics questions, if so w...
by bandarna
Thu Sep 04, 2014 1:27 am
Forum: PMP® Open Forum
Topic: Does every project will have 47 processes
Replies: 1
Views: 439

Does every project will have 47 processes

Does every project (or phase) life has to go through the 47 processes or do we tailor to some depending on the need of the project?

Regards,
-Narsimha

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