Search found 14 matches

by PrakashBT
Fri Aug 21, 2015 12:19 pm
Forum: PMP® Open Forum
Topic: Lesser known but useful term - Performance Bonds
Replies: 1
Views: 1194

Lesser known but useful term - Performance Bonds

Performance Bond : A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. A job requiring a payment and performance bond will usually require a bid bond, to bid the job. ---------...
by PrakashBT
Fri Aug 21, 2015 10:02 am
Forum: PMP® Open Forum
Topic: Confusion - Probably multiple correct answers !!!
Replies: 3
Views: 1558

Re: Confusion - Probably multiple correct answers !!!

One more example of probably multiple correct answers with equal weightage, below; --------------------------------------------------------------------------------------------------------- 3. Which of the following is not accurate about the initial phase of a project? A. The highest uncertainty is a...
by PrakashBT
Fri Aug 21, 2015 8:03 am
Forum: PMP® Open Forum
Topic: Confusion - Resource assignment in WBS dictionary
Replies: 4
Views: 2002

Re: Confusion - Resource assignment in WBS dictionary

Hi Manish, Thanks for reply, seems a proper explanation. An Expert can comment better on it. Pg. 132 PMBOK mentions WBS dictionary should have "Resources Required". What I interpret from it is like "WBS Dictionary should mention Type of resources required, but not the specific names o...
by PrakashBT
Fri Aug 21, 2015 7:05 am
Forum: PMP® Open Forum
Topic: Confusion - Probably multiple correct answers !!!
Replies: 3
Views: 1558

Confusion - Probably multiple correct answers !!!

Dear all, Again in scordo test, I came across a confusiong question, where my understanding says options A & C both are equally correct, Ans says option C, please help. -------------------------------------------------------------------------------- 18. As a project manager, you are concerned wi...
by PrakashBT
Fri Aug 21, 2015 6:39 am
Forum: PMP® Open Forum
Topic: Confusion - Resource assignment in WBS dictionary
Replies: 4
Views: 2002

Confusion - Resource assignment in WBS dictionary

I came across below mentioned Q in highly regarded Scordo test. Ans says, Resource assignments aren't part of WBS dictionary. But I have seen many WBS dictionary templates, listing "Assigned Resource" to Work package. Please help to clear this confusion. -----------------------------------...
by PrakashBT
Wed Aug 05, 2015 11:29 am
Forum: PMP® Open Forum
Topic: Horizontal & Vertical Communication
Replies: 3
Views: 2612

Re: Horizontal & Vertical Communication

Sorry, missed, detailed explanation of answer : B - Since this will be an official project document, it should be formal in nature. Additionally, since you are requesting money from someone higher up in the organization, you are creating a vertical communication. [PMBOK 5th edition, Page 287] [Proje...
by PrakashBT
Wed Aug 05, 2015 11:27 am
Forum: PMP® Open Forum
Topic: Horizontal & Vertical Communication
Replies: 3
Views: 2612

Re: Horizontal & Vertical Communication

Here it is bro'

If you are writing a proposal for additional funding, which communication style should you choose?

formal and horizontal

formal and vertical

informal and vertical

informal and horizontal
by PrakashBT
Wed Aug 05, 2015 10:37 am
Forum: PMP® Open Forum
Topic: Horizontal & Vertical Communication
Replies: 3
Views: 2612

Horizontal & Vertical Communication

Hi all, In a highly regarded Scordo-PMP Q/A set, I encountered a relatively less known PMP question, testing knowledge on Horizantal & Vertical Communication. after googling, got good piece of info on it, thought worth sharing PMP aspirants Horizontal-Vs-Vertical_Communication.JPG . Differences ...
by PrakashBT
Wed Jul 29, 2015 5:22 am
Forum: PMP® Open Forum
Topic: Please help.... Query regarding PMP exam.
Replies: 6
Views: 3265

Re: Please help.... Query regarding PMP exam.

Friends,
Yes, option D (last) is correct answer, I was stumped with this answer !!!
Dear AM1969, please can you take pain and help explanation on whole question and correct answer, that shall calm down curiosity of all of us.
Thanks & regards,
by PrakashBT
Tue Jul 28, 2015 7:33 am
Forum: PMP® Open Forum
Topic: Please help.... Query regarding PMP exam.
Replies: 6
Views: 3265

Re: Please help.... Query regarding PMP exam.

Thanks Friends,
But, unfortunately both answers are incorrect as per original Q/A source.
Regards,
by PrakashBT
Tue Jul 28, 2015 7:29 am
Forum: PMP® Open Forum
Topic: Please help....EVM Question
Replies: 4
Views: 2603

Re: Please help....EVM Question

Thanks a lot Jyoti !!!
It helped, to understand my mistake point. I was factoring both CPI & SPI.
Best regards,
Prakash
by PrakashBT
Mon Jul 27, 2015 7:21 am
Forum: PMP® Open Forum
Topic: Please help....EVM Question
Replies: 4
Views: 2603

Please help....EVM Question

Your project exceeded costs in the past caused by an underestimation of resource costs in the cost baseline: PV: $1,200,000, EV: $1,000,000, AC: $1,200,000 You expect the underestimation to influence the future as much as it did in the past. If the value of the remaining work (BAC – EV) is at $1,000...
by PrakashBT
Sat Jul 25, 2015 7:50 am
Forum: PMP® Open Forum
Topic: Please help.... Query regarding PMP exam.
Replies: 6
Views: 3265

Please help.... Query regarding PMP exam.

Dear Team, Greetings !!! I am currently preparing for PMP exam. I have one query regarding below mentioned question, please if you can help identifying correct answer. During project planning, you are presented with the following diagram that depicts a cumulative likelihood distribution for the dura...

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