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by Venkat
Wed Sep 03, 2014 2:55 pm
Forum: PMP® Open Forum
Topic: PMP Question
Replies: 3
Views: 850

Re: PMP Question

Hi, This is Overlapping relationship, as one the planning is done for the next phase during the current phase. Sequential cannot be as the name says, the phases must be sequential one after the other. Multiphase is/are different phases and it's not a relationship Iterative means once a phase is comp...
by Venkat
Wed Sep 03, 2014 2:39 pm
Forum: PMP® Open Forum
Topic: Just in time(JIT)
Replies: 2
Views: 543

Re: Just in time(JIT)

It's a strategy to reduce the inventory costs especially in the production of any product. From the exam point of view it's very important that the high quality products should be delivered to reduce the defects.
Also check http://en.wikipedia.org/wiki/Just_in_ti ... usiness%29
by Venkat
Sat Aug 23, 2014 12:00 pm
Forum: PMP® Exam Lessons – Success Stories
Topic: THANK YOU ALL
Replies: 6
Views: 1210

Re: THANK YOU ALL

Umesh, basically just follow the video Saket created for the exam preparation. It's just perfect. What i did is 4 hours practice exams from different sources, be careful there is a risk of some getting into strange questions and answers. This may be confuse you. I was concentrating not only with the...
by Venkat
Fri Aug 22, 2014 6:34 pm
Forum: PMP® Exam Lessons – Success Stories
Topic: THANK YOU ALL
Replies: 6
Views: 1210

THANK YOU ALL

Dear All, Thank you very much for the extra help and all the motivation you gave me, so that I could succeed and achive this goal. I have cleared the exam and really appreciate the entire IZENBRIDGE Team especially Namita, Indu and the great PMP guru Saket for supporting me to get through the exam. ...
by Venkat
Tue Aug 19, 2014 8:34 am
Forum: PMP® Queries and Tips
Topic: Fixed formula method
Replies: 2
Views: 1218

Re: Fixed formula method

It's clear now, Thanks Saket
by Venkat
Mon Aug 18, 2014 9:01 pm
Forum: PMP® Queries and Tips
Topic: Fixed formula method
Replies: 2
Views: 1218

Fixed formula method

Hi Saket,

Could you please elaborate the term 'Fixed Formula Method'. I am not getting the real meaning of it.

Thx,
Venkat
by Venkat
Mon Aug 18, 2014 8:58 pm
Forum: PMP® Queries and Tips
Topic: Risk of failure
Replies: 2
Views: 627

Re: Risk of failure

Thanks Saket.
by Venkat
Mon Aug 18, 2014 3:11 pm
Forum: PMP® Queries and Tips
Topic: Risk of failure
Replies: 2
Views: 627

Risk of failure

Hi,

when is the 'risk of failure' is highest, begining of the project, middle or at the end of the project.
Could you please explain?

I know that Project risk is high at the begining and goes down as we progressively elaborate the project.

Thanks for the reply,
Venkat
by Venkat
Fri Aug 15, 2014 8:15 am
Forum: PMP® Queries and Tips
Topic: Work Performance Information /Work performance reports
Replies: 3
Views: 938

Re: Work Performance Information /Work performance reports

Thanks Namita, It's part of the Integrated monitoring and controlling. :)
by Venkat
Thu Aug 14, 2014 2:40 pm
Forum: PMP® Queries and Tips
Topic: Work Performance Information /Work performance reports
Replies: 3
Views: 938

Work Performance Information /Work performance reports

Hi Namita, Work Performance Information is output of the Monitor and Controlling processes. I would like to know where the Work Performance Information converted into Work performance reports? Does it happen in PMIS or it's a part of the communication management? Where does this conversion happen? T...
by Venkat
Mon Aug 11, 2014 12:28 pm
Forum: PMP® Queries and Tips
Topic: General and Project Management
Replies: 3
Views: 710

Re: General and Project Management

Thanks for the reply, Namita. Could you please give me some examples of role and the management skills, differentiating both.
I got you point but couldn't be able to visualize it.

Thx,
Venkat
by Venkat
Mon Aug 11, 2014 10:07 am
Forum: PMP® Queries and Tips
Topic: General and Project Management
Replies: 3
Views: 710

General and Project Management

Dear All,

Is there any difference between the general management and project management skills?
How the differ each other?

Thanks for the reply,
Venkat
by Venkat
Tue Aug 05, 2014 6:50 pm
Forum: PMP® Queries and Tips
Topic: Budget - Wording confusion
Replies: 3
Views: 729

Re: Budget - Wording confusion

Yes your are right, I understood in the same way.
But there is a question in Campus using this word 'behind budget ', that's why I want to make it clear.

Thanks,
Venkat
by Venkat
Sun Aug 03, 2014 6:57 pm
Forum: PMP® Queries and Tips
Topic: Budget - Wording confusion
Replies: 3
Views: 729

Budget - Wording confusion

Hi Saket,

Behind Budget and under Budget are not the same?

Thanks,
Venkat
by Venkat
Wed Jul 30, 2014 7:51 pm
Forum: PMP® Exam Lessons – Success Stories
Topic: THANK YOU IZENBRIDGE
Replies: 4
Views: 801

Re: THANK YOU IZENBRIDGE

Congratulations Amit, well Done !!
by Venkat
Wed Jul 30, 2014 7:49 pm
Forum: PMP® Queries and Tips
Topic: Product Analysis vs Constraints
Replies: 5
Views: 1232

Re: Product Analysis vs Constraints

Thanks Amit !
by Venkat
Wed Jul 30, 2014 3:08 pm
Forum: PMP® Queries and Tips
Topic: Product Analysis vs Constraints
Replies: 5
Views: 1232

Re: Product Analysis vs Constraints

Thanks Namita, it's clear now.
by Venkat
Mon Jul 28, 2014 6:00 pm
Forum: PMP® Queries and Tips
Topic: Product Analysis vs Constraints
Replies: 5
Views: 1232

Product Analysis vs Constraints

Hi,

Could you please explain why the answer is constraints in the attched question? My understanding is product analysis.

Thx,
Venkat
by Venkat
Thu Jul 24, 2014 7:51 am
Forum: PMP® Queries and Tips
Topic: Calculating SPI
Replies: 4
Views: 1071

Re: Calculating SPI

Nice explanation, thanks a lot Namit :)
by Venkat
Tue Jul 22, 2014 9:12 pm
Forum: PMP® Queries and Tips
Topic: Uniform and Normal Distribution
Replies: 2
Views: 756

Re: Uniform and Normal Distribution

I found german translations and examples in google, got it now.
Thanks for the link.
by Venkat
Tue Jul 22, 2014 9:10 pm
Forum: PMP® Queries and Tips
Topic: Project Schedule and Master Schedule
Replies: 2
Views: 765

Re: Project Schedule and Master Schedule

Thanks, Saket.
by Venkat
Tue Jul 22, 2014 9:07 pm
Forum: PMP® Queries and Tips
Topic: Oppurtunity cost
Replies: 2
Views: 799

Re: Oppurtunity cost

Thanks, got it.
by Venkat
Tue Jul 22, 2014 12:21 pm
Forum: PMP® Queries and Tips
Topic: Uniform and Normal Distribution
Replies: 2
Views: 756

Uniform and Normal Distribution

Hi,

What is the difference betwen Uniform and Normal Distribution?
Could you please explain?

Thanks in advance,
Venkat
by Venkat
Tue Jul 22, 2014 11:20 am
Forum: PMP® Queries and Tips
Topic: Project Schedule and Master Schedule
Replies: 2
Views: 765

Project Schedule and Master Schedule

Hi,

My understanding is that Project schedule and master schedule are the same.
Is there any difference, appreciate you Input.

Thanks,
Venkat
by Venkat
Tue Jul 22, 2014 11:10 am
Forum: PMP® Queries and Tips
Topic: Oppurtunity cost
Replies: 2
Views: 799

Oppurtunity cost

Hi Saket,

I saw some questions on this topic. What is exactly oppurtunity cost?
Try to get the information from PMBOK but there is nothing mentioned.

Could you please clarify.

Thanks a lot,
Venkat
by Venkat
Tue Jul 22, 2014 10:37 am
Forum: PMP® Queries and Tips
Topic: Calculating SPI
Replies: 4
Views: 1071

Re: Calculating SPI

There is question in quampus on this. In the answer the SPI is calulated (see the figure attached). How to calculate the SPI from the diagram?
The concept of SPI is clear to me, that's why my answer to the question was correct but didn't get the calculation part.

Thanks,
Venkat
by Venkat
Tue Jul 22, 2014 9:10 am
Forum: PMP® Queries and Tips
Topic: Project and Organizational governance
Replies: 1
Views: 633

Project and Organizational governance

Hi,

What is the difference between Project and organizational governance?
Who / where does the project governace be defined ?

Thanks,
Venkat
by Venkat
Tue Jul 22, 2014 8:58 am
Forum: PMP® Queries and Tips
Topic: Calculating SPI
Replies: 4
Views: 1071

Calculating SPI

Hi,

Could you please let me know, how to calculate the SPI for this diagram?

Thanks,
Venkat
by Venkat
Tue Jul 08, 2014 5:26 pm
Forum: PMP® Queries and Tips
Topic: Scope Management - WBS 100% Rule
Replies: 3
Views: 990

Re: Scope Management - WBS 100% Rule

Thanks Amit !
by Venkat
Tue Jul 08, 2014 5:26 pm
Forum: PMP® Queries and Tips
Topic: Schedule Management - Scheduling Tool( T&T)
Replies: 3
Views: 950

Re: Schedule Management - Scheduling Tool( T&T)

Thanks, it's clear now.
by Venkat
Tue Jul 08, 2014 5:24 pm
Forum: PMP® Queries and Tips
Topic: Scope Management - WBS Planing Package
Replies: 3
Views: 684

Re: Scope Management - WBS Planing Package

Understood, thanks Namita and Amit :) .
by Venkat
Sun Jul 06, 2014 12:55 pm
Forum: PMP® Queries and Tips
Topic: Scope Management - WBS Planing Package
Replies: 3
Views: 684

Scope Management - WBS Planing Package

Hi there,

What is the plannig package? How it can be used in defining the Scope Baseline.
I know that, It's a component in the WBS and it's under the control account.

Thanks in advance,
Venkat
by Venkat
Sun Jul 06, 2014 12:52 pm
Forum: PMP® Queries and Tips
Topic: Scope Management - WBS 100% Rule
Replies: 3
Views: 990

Scope Management - WBS 100% Rule

Hi,

It would be great if you could explain the 100% Rule, couldn't get it reading it.

Thanks,
Venkat
by Venkat
Sun Jul 06, 2014 12:50 pm
Forum: PMP® Queries and Tips
Topic: Schedule Management - Scheduling Tool( T&T)
Replies: 3
Views: 950

Schedule Management - Scheduling Tool( T&T)

Hi Saket,

What is the scheduling tool exactly? I couldn't be able to understand it though reading it couple of times in PMBOK.
Could you please explain?

Thanks,
Venkat
by Venkat
Wed Jul 02, 2014 8:21 pm
Forum: PMP® Queries and Tips
Topic: Cost Budget
Replies: 4
Views: 644

Re: Cost Budget

Yes, you are right, in PMBOK we do not see this word. But on the projects we generally use this term.
by Venkat
Wed Jul 02, 2014 7:37 pm
Forum: PMP® Queries and Tips
Topic: Cost Budget
Replies: 4
Views: 644

Re: Cost Budget

Hi, Cost Baseline = estimated costs of the project + contingency reserve Cost Baseline = (300, 000 + 10, 000) which is equal to 310, 000. Cost Budget (Project Budget) = Cost Baseline + Management Reserves. Cost Budget (Project Budget) = (310,000 + 15, 000) which is equal to 325, 000. Answer is 325, ...
by Venkat
Tue Jul 01, 2014 9:47 pm
Forum: PMP® Queries and Tips
Topic: Quality Management - Control Quality
Replies: 2
Views: 584

Re: Quality Management - Control Quality

Great explanation, Thanks.
by Venkat
Sun Jun 29, 2014 6:38 pm
Forum: PMP® Queries and Tips
Topic: Quality Management - Control Quality
Replies: 2
Views: 584

Quality Management - Control Quality

Difference between Tolerances and Control Limits (PMBOK Page 250)
Quite confusing. Are they not the same? Could you please give a example so that i can visualize?

Thanks,
Venkat
by Venkat
Sun Jun 29, 2014 6:36 pm
Forum: PMP® Queries and Tips
Topic: Quality Management - Control Quality
Replies: 1
Views: 482

Quality Management - Control Quality

What are attribute sampling and Variables Sampling? (PMBOK Page 250)
Read the Glossary but couldn't get it.

Thanks,
Venkat
by Venkat
Tue Jun 24, 2014 12:17 pm
Forum: PMP® Queries and Tips
Topic: PMBOK-Appendix X1 Fifth edition changes
Replies: 2
Views: 533

Re: PMBOK-Appendix X1 Fifth edition changes

I'm just studying 5th edition, nothing done with the 4th.
Thanks for clarification.
by Venkat
Tue Jun 24, 2014 12:16 pm
Forum: PMP® Queries and Tips
Topic: Procurement - Process Control Procurements
Replies: 3
Views: 695

Re: Procurement - Process Control Procurements

It's clear now, thanks Namita.
by Venkat
Tue Jun 24, 2014 7:38 am
Forum: PMP® Queries and Tips
Topic: PMBOK-Appendix X1 Fifth edition changes
Replies: 2
Views: 533

PMBOK-Appendix X1 Fifth edition changes

Dear All,

For exam, is it relevant to know the diffrerences between PMBOK 4th and 5th edition?
I think no, correct?

Thanks for the clarification.

Regards,
Venkat
by Venkat
Tue Jun 24, 2014 7:36 am
Forum: PMP® Queries and Tips
Topic: Procurement - Process Control Procurements
Replies: 3
Views: 695

Procurement - Process Control Procurements

Hi,

What is the difference between Procurement Performace review and performance reporting (T&Ts of control procurement)?
I couldn't find any difference between them, could you please explain?

Thanks,
Venkat
by Venkat
Mon Jun 09, 2014 10:47 pm
Forum: PMP® Queries and Tips
Topic: EEF and OPA
Replies: 3
Views: 965

Re: EEF and OPA

My understanding, it's EEF.

thx,Venkat
by Venkat
Mon Jun 09, 2014 7:28 am
Forum: PMP® Queries and Tips
Topic: Difference PDM Method and Critical Path
Replies: 2
Views: 675

Re: Difference PDM Method and Critical Path

Thanks a lot ! :)
by Venkat
Mon Jun 09, 2014 7:27 am
Forum: PMP® Queries and Tips
Topic: Fast Tracking and Mandatory Dependeny
Replies: 2
Views: 594

Re: Fast Tracking and Mandatory Dependeny

Thanks Namita.
by Venkat
Mon Jun 09, 2014 7:25 am
Forum: PMP® Queries and Tips
Topic: Network Diagram question
Replies: 13
Views: 2441

Re: Network Diagram question

thanks, i recalulated today morning and got the answer as '8' and learnt never calulate critical path at midnight. ;)
by Venkat
Sun Jun 08, 2014 9:14 pm
Forum: PMP® Queries and Tips
Topic: Network Diagram question
Replies: 13
Views: 2441

Network Diagram question

Hi Saket,

in the attached there are network diagrams to calculate the relationships using precedence diagramming.

I'm getting ES = '8' for activity E, but it seems to be wrong.

Could you please clarify this?

Thanks a lot,
Venkat
by Venkat
Sun Jun 08, 2014 5:39 pm
Forum: PMP® Queries and Tips
Topic: Fast Tracking and Mandatory Dependeny
Replies: 2
Views: 594

Fast Tracking and Mandatory Dependeny

Hi,

During fast tracking, can the mandatory dependeny especially the external dependencies also can be fast tracked ?
Basically how the dependencies should be considered during fast tracking?

Thanks,
Venkat
by Venkat
Sun Jun 08, 2014 5:35 pm
Forum: PMP® Queries and Tips
Topic: Difference PDM Method and Critical Path
Replies: 2
Views: 675

Difference PDM Method and Critical Path

Hi,

Could you please give explain the difference between PDM Method and the critical path method?

Thanks,
Venkat

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