Search found 45 matches

by staneja
Sun Apr 13, 2014 6:01 pm
Forum: PMP® Open Forum
Topic: responsibility vs accountability
Replies: 1
Views: 1324

responsibility vs accountability

Hi ,

Request you to please provide definition of resp and accountability augmented with example

Thanks
Staneja
by staneja
Sat Apr 12, 2014 5:44 pm
Forum: PMP® Open Forum
Topic: Collect requirements and requirement documentation
Replies: 1
Views: 1240

Collect requirements and requirement documentation

Hi, 1. Do all the requirements are collected from stakeholders are listed in the requirement doc?Or do we reject requirements if they dont support proj charter? or is rejection of requirement done in the define scope process? 2. Quality is degree to which a project meets the requirements?Are the req...
by staneja
Sat Apr 12, 2014 5:40 pm
Forum: PMP® Open Forum
Topic: OPA or EEF
Replies: 4
Views: 2035

Re: OPA or EEF

Thank YOu Sir :)
by staneja
Sat Apr 12, 2014 4:31 pm
Forum: PMP® Open Forum
Topic: OPA or EEF
Replies: 4
Views: 2035

Re: OPA or EEF

Hi Saket,

Please refer to page 147 PMBOK guide OPA list
by staneja
Sat Apr 12, 2014 2:22 pm
Forum: PMP® Open Forum
Topic: OPA or EEF
Replies: 4
Views: 2035

OPA or EEF

Q 1 . I believe that all the project management softwares are EEF.then why does PMBOK lists schedule control tools under OPAs,what are these schedule control tools are they TTS of control schedule process ?Please provide helpful insights

Thanks
STaneja
by staneja
Sat Apr 12, 2014 11:24 am
Forum: PMP® Open Forum
Topic: Change request process flow
Replies: 1
Views: 1248

Change request process flow

Someone wants to change scope(say)?What should you do as a manager: 1. Evaluate the impact of scope change to the rest of the scope knowledge area. 2. Evalaute the impact to the other constraints espcially time cost and quality. 3, Create a formal Change request (from here the work of pICC starts) 4...
by staneja
Fri Apr 11, 2014 1:40 pm
Forum: PMP® Open Forum
Topic: six sigma
Replies: 0
Views: 1101

six sigma

Hi,

what is the difference between lean six sigma and six sigma methodology ?

thanks
Staneja
by staneja
Fri Apr 11, 2014 3:25 am
Forum: PMP® Open Forum
Topic: Tand M or Cost Reimbursable contract?
Replies: 7
Views: 3725

Re: Tand M or Cost Reimbursable contract?

Hello Indu,

I did went through this video but it doesnt specifically answers my question :(
by staneja
Fri Apr 11, 2014 3:21 am
Forum: PMP® Open Forum
Topic: Inspection
Replies: 3
Views: 1895

Re: Inspection

Hi Indu, I actually meant Quality assurance process.If you read the last 4-5 lines on the page 243 of PMBOK it does talks about inspecting out defects.Also one of the TT of this process is to use the TT of QC or plan quality maangement.Thus the confusion.Please let me know what is right.Is inspectio...
by staneja
Thu Apr 10, 2014 5:12 pm
Forum: PMP® Open Forum
Topic: Tand M or Cost Reimbursable contract?
Replies: 7
Views: 3725

Tand M or Cost Reimbursable contract?

When the only information known to us is that scope is not known which contract type do we use between Tand M and Cost Reimbursable contract?

I believe we can use either of them.

Please let me know what do you think?
by staneja
Thu Apr 10, 2014 11:51 am
Forum: PMP® Open Forum
Topic: Inspection
Replies: 3
Views: 1895

Inspection

Inspection is a TT for both QC and QA processes.Please let me know the difference between the inspection when it is done a part of QA and when it is done as a part of QA. Below is my answer : QA inspection is done while work is in progress and the deliverable can be rejected to ensure quality QC ins...
by staneja
Wed Apr 09, 2014 11:25 am
Forum: PMP® Open Forum
Topic: Fallback Plans(sorry for groupng more than one topic again)
Replies: 5
Views: 2244

Re: Fallback Plans(sorry for groupng more than one topic aga

thank you Indu So what i understood is that residual risk are usually the remaining part of original risk.But i think residual risk also includes the risk that didnt recive active acceptance mitigation etc responses.So they have to be passively accepted Secondary risks are altogether new risks Pleas...
by staneja
Wed Apr 09, 2014 11:05 am
Forum: PMP® Open Forum
Topic: Fallback Plans(sorry for groupng more than one topic again)
Replies: 5
Views: 2244

Re: Fallback Plans(sorry for groupng more than one topic aga

I am not authorized to view that forum.:(

Thanks
Staneja
by staneja
Wed Apr 09, 2014 11:04 am
Forum: PMP® Open Forum
Topic: complaint to :PMI vs manager
Replies: 3
Views: 1731

Re: complaint to :PMI vs manager

Yes thank you Maam :) Actually i amde a few more observations PMI entertains a complaint only against PMI members PMI aspirants PMI volunteers( so if you say you are PMP but you are not must fall here ) PMI cant take actions against organizations only against people I hope i am right Thanks Staneja
by staneja
Tue Apr 08, 2014 1:50 pm
Forum: PMP® Open Forum
Topic: complaint to :PMI vs manager
Replies: 3
Views: 1731

complaint to :PMI vs manager

Hello , Please let me know under which circumstance do we report to senior managment against unethical practice and when do we report to PMI.Considering the fact that we have evidence to support our case and both the choices are listed in the question. I have only made one observation : If someone l...
by staneja
Tue Apr 08, 2014 11:13 am
Forum: PMP® Open Forum
Topic: Fallback Plans(sorry for groupng more than one topic again)
Replies: 5
Views: 2244

Fallback Plans(sorry for groupng more than one topic again)

Hello, Are fallback plans only implemented when contingency plans fail? This is what most of people believe i think. But reading the PMBOK :Fallback plans for use as a reaction to a risk that has occurred and the primary response proves to be inadequate; While PLANNING : 1. Risk A This means let us ...
by staneja
Tue Apr 08, 2014 10:59 am
Forum: PMP® Open Forum
Topic: contingency reserves and contingency plans
Replies: 4
Views: 2175

Re: contingency reserves and contingency plans

yes it will be easier for me also to understand :)
by staneja
Tue Apr 08, 2014 10:28 am
Forum: PMP® Open Forum
Topic: contingency reserves and contingency plans
Replies: 4
Views: 2175

Re: contingency reserves and contingency plans

Hello Indu,

Awesome explanation.Thank you :).

when i first read the response from you it didnt make any sense.I read several other related topics and then this whole thing makes a sense to me.



Thank you.
by staneja
Mon Apr 07, 2014 5:32 pm
Forum: PMP® Open Forum
Topic: EAC = BAC/CPI vs ac + bac - ev
Replies: 5
Views: 2762

EAC = BAC/CPI vs ac + bac - ev

EAC = BAC/CPI ..to be used when variance are seen in the work and will continue provided that CPI remains same ac + bac - ev to be used when variance is seen only one time and then project continues at the budgeted rate. Which formula do we use if variance type x is seen then variance type y is seen...
by staneja
Mon Apr 07, 2014 3:52 pm
Forum: PMP® Open Forum
Topic: contingency reserves and contingency plans
Replies: 4
Views: 2175

contingency reserves and contingency plans

Hello All, 1. Do i need to issue a change request for utilizing the contingency reserve?It is a part of cost baseline.I guess yes because PM has authority to utilise them,but he must issue a cr before utilising them,as after utilising them cost baseline will have to be updated to show depletion in t...
by staneja
Sun Apr 06, 2014 6:18 pm
Forum: PMP® Open Forum
Topic: critical path
Replies: 1
Views: 1317

critical path

Hi,

Please let me know if am right:

If my CP(say,path A) is 10 weeks long and i have another path that is 9 weeks long(say,path B).I compress the CP and make it 8 weeks long.So it means that path B is the new CP?
by staneja
Sun Apr 06, 2014 6:15 pm
Forum: PMP® Open Forum
Topic: preventive action vs corrective action
Replies: 8
Views: 3178

Re: preventive action vs corrective action

as per the book the correct answer is C
by staneja
Sat Apr 05, 2014 12:32 pm
Forum: PMP® Open Forum
Topic: preventive action vs corrective action
Replies: 8
Views: 3178

Re: preventive action vs corrective action

Thank ML. Could you please answer the below questions as well ( it is from scordo mock exam): During a project update meeting, one of the key stakeholders expressed his displeasure over the recently produced deliverables. 1% of the produced deliverables had minor defects. This stakeholder has been a...
by staneja
Sat Apr 05, 2014 11:06 am
Forum: PMP® Open Forum
Topic: preventive action vs corrective action
Replies: 8
Views: 3178

preventive action vs corrective action

Hi, Will you please explain what is the difference between preventive action and corrective action with an example. Request you to please answer below question 50 towers have been built with a defect X in them.PM issues a CR to make sure going forward the defect X doesnt occur.There is nothing that ...
by staneja
Fri Apr 04, 2014 12:15 pm
Forum: PMP® Open Forum
Topic: Cost reimbursable contracts
Replies: 1
Views: 999

Cost reimbursable contracts

Hello ,

What is the difference between the allowable and actual costs that reimbursed by the buyer.PMBOK sometimes says it is allowable cost and then says actual costs

Thanks
Staneja
by staneja
Fri Apr 04, 2014 12:07 pm
Forum: PMP® Open Forum
Topic: opportunity cot investopedia
Replies: 1
Views: 1167

opportunity cot investopedia

1. The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action. 2. The difference in return between a chosen investment and one that is necessarily passed up. Say you invest in a stock and ...
by staneja
Fri Apr 04, 2014 12:03 pm
Forum: PMP® Open Forum
Topic: Information management system vs PMIS
Replies: 4
Views: 4397

Re: Information management system vs PMIS

This brings me to one more doubt are Project management system and PMIS one and same thing?
by staneja
Fri Apr 04, 2014 12:03 pm
Forum: PMP® Open Forum
Topic: Information management system vs PMIS
Replies: 4
Views: 4397

Re: Information management system vs PMIS

Thank You Indu.
So this looks like IMS is a subset of PMIS and is used only for project communication facilitation
by staneja
Fri Apr 04, 2014 11:34 am
Forum: PMP® Open Forum
Topic: Information management system vs PMIS
Replies: 4
Views: 4397

Information management system vs PMIS

Hello,

Could you please tell me the difference b/w IMS(used in communication and stakeholder management ) and PMIS used as an EEF and tool in Direct and mange and monitor and control project work.Reading their definitions almost make them to be same,thus the confusion

Thanks
Staneja
by staneja
Fri Apr 04, 2014 11:31 am
Forum: PMP® Open Forum
Topic: project document updates and change requests
Replies: 5
Views: 2231

Re: project document updates and change requests

Thank You Indu
by staneja
Thu Apr 03, 2014 11:23 am
Forum: PMP® Open Forum
Topic: project document updates and change requests
Replies: 5
Views: 2231

project document updates and change requests

Hi, as per my understanding a change request is required to update policies,delivereables,documents,baselines and project management plans.However,project documents like risk register and stakeholder register which are being updated throughout the project boundaries,do they also need change request ...
by staneja
Thu Apr 03, 2014 8:53 am
Forum: PMP® Open Forum
Topic: scordo PMPlite mock exam 9
Replies: 9
Views: 4079

Re: scordo PMPlite mock exam 9

Thank You very much Saket.
by staneja
Thu Apr 03, 2014 7:20 am
Forum: PMP® Open Forum
Topic: scordo PMPlite mock exam 9
Replies: 9
Views: 4079

Re: scordo PMPlite mock exam 9

Hello All, Thank you for your feedbacks :) . None of the answer is correct :( . As per Scordo's book the answer is C.Although he agrees that charter can be signed by a group of sponsors as well. I did some research over then internet and the correct answer is indeed C and i can state following reaso...
by staneja
Wed Apr 02, 2014 4:28 pm
Forum: PMP® Open Forum
Topic: scordo PMPlite mock exam 9
Replies: 9
Views: 4079

scordo PMPlite mock exam 9

40. You took over a project from an individual who was let go. You are reading the project documentation and found the project charter was signed by five managers. What should be your primary concern at this time? a Determining reporting structure b Communicating in a matrix organization c Getting a...
by staneja
Wed Apr 02, 2014 1:52 pm
Forum: PMP® Open Forum
Topic: Planned Value
Replies: 2
Views: 1551

Re: Planned Value

Thank you so much Indu :)

Regards,
Staneja
by staneja
Tue Apr 01, 2014 6:20 pm
Forum: PMP® Open Forum
Topic: Planned Value
Replies: 2
Views: 1551

Planned Value

Hi,

I believe planned value includes the contingency reserves too and not just the cost estimates.I am sure that they dont include management reserves.Please clarify

Thanks
Shray
by staneja
Mon Mar 31, 2014 7:11 am
Forum: PMP® Open Forum
Topic: 15 days before exam
Replies: 3
Views: 1872

Re: 15 days before exam

Hello Indu,

Thank you for the reply.
I have taken pm-exam simulator mock (enrolled their paid version ),oliver lehman 75 questions.pm exam study mock exam 1.Please suggest what other mock exams can i take.

Thank You

Regards,
Staneja
by staneja
Sun Mar 30, 2014 5:58 pm
Forum: PMP® Open Forum
Topic: 15 days before exam
Replies: 3
Views: 1872

15 days before exam

Hi,
I took two mock exams and i scored 80 plus % in them.Pls suggest how to pace my preparation in these last 15 days starting today.Should i keep taking mock exams and refresh pmbok,any particular suggestions?I have used on rmc and pmbok for preparation.

Thanks
Staneja
by staneja
Sun Mar 09, 2014 3:50 pm
Forum: PMP® Open Forum
Topic: Communication management
Replies: 1
Views: 1605

Communication management

can someone please explain with an example how control communication process causes iteration of the plan comm mgmt and/or manage commn as noted on page 304 of pmbok.

Thanks
Staneja
by staneja
Thu Mar 06, 2014 9:39 am
Forum: PMP® Open Forum
Topic: Question from an exam simulator
Replies: 2
Views: 1598

Question from an exam simulator

Sorry,wasnt aware about the copyright issues.Therefore removing the question.
by staneja
Wed Mar 05, 2014 1:38 pm
Forum: PMP® Open Forum
Topic: Project cost management
Replies: 5
Views: 3899

Re: Project cost management

Hello Saket, I see that my original question was what is difference between project costs,project budget and project funds?We digressed a little in answer As per my understanding Project costs = cost baseline(inclusive of Contingency reserve) ;Project Budget = Cost baseline +Management reserve;Proje...
by staneja
Wed Mar 05, 2014 6:34 am
Forum: PMP® Open Forum
Topic: WBS
Replies: 3
Views: 2052

Re: WBS

Thank You Saket.

I saw your videos on EVM and type of activities it is pretty awesome.Keep up the good work

Do we expect questions on all those type of activities as well as fixed formula methods?Could you please guide me where can i get some practise questions on the EVM.

Regards,
Staneja
by staneja
Tue Mar 04, 2014 5:41 pm
Forum: PMP® Open Forum
Topic: WBS
Replies: 3
Views: 2052

WBS

what is a planning package(Glossary of PMP defines it but i am not able to fully comprehend it) What is the difference between work package and planning package. What is different between code of account chart of account and control account Also please let me know what is a fixed formula method Many...
by staneja
Tue Mar 04, 2014 5:38 pm
Forum: PMP® Open Forum
Topic: Project cost management
Replies: 5
Views: 3899

Re: Project cost management

Thank you Kshitij and Saket.

Regards,
staneja
by staneja
Wed Feb 19, 2014 5:29 am
Forum: PMP® Open Forum
Topic: Project cost management
Replies: 5
Views: 3899

Project cost management

Hi,

Please let me know what is difference (if any) between:

1. Project costs
2. Project Budget
3 Project Funds

Also please tell me why is project funding requirement a step graph.i am not very clear,if you can explain with an example it would be very kind of you.

BR,
staneja

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