## Search found 110 matches

Sat Jul 23, 2016 1:36 am
Forum: PMP® Open Forum
Topic: CR vs T&M Contract ?
Replies: 5
Views: 2659

### Re: CR vs T&M Contract ?

This question is from scordo and answer is A (i.e. open ended)
Fri Jul 22, 2016 8:03 pm
Forum: PMP® Open Forum
Topic: CR vs T&M Contract ?
Replies: 5
Views: 2659

### CR vs T&M Contract ?

What similarity exists between a cost-reimbursable contract and a time-and-materials contract?

They are open ended
The closure date is part of the contract.
They have fixed bonus rates.
They can never grow in value.
Fri Jul 22, 2016 3:08 pm
Forum: PMP® Open Forum
Topic: Decompose the work packages ?
Replies: 5
Views: 3475

### Re: Decompose the work packages ?

Yes.Agreed.They physically belong to the project schedule.
Fri Jul 22, 2016 3:06 pm
Forum: PMP® Open Forum
Topic: Which EAC ?
Replies: 8
Views: 3665

### Re: Which EAC ?

Ok.Thanks
Fri Jul 22, 2016 5:34 am
Forum: PMP® Open Forum
Topic: Which EAC ?
Replies: 8
Views: 3665

### Which EAC ?

How would you calculate your EAC if the ETC work will be performed at the budgeted rate? EAC = BAC/CPI EAC= BAC-EV EAC = AC + BAC - EV EAC=(BAC-EV)*CPI Correct answer is #3 but as per Rita page 268 ("BAC/CPI should be used if you will continue at the same rate of spending") then why the an...
Wed Jul 20, 2016 5:58 pm
Forum: PMP® Open Forum
Topic: Decompose the work packages ?
Replies: 5
Views: 3475

### Re: Decompose the work packages ?

Thanks.Does this mean that work packages are at lowest in the context of WBS but activities are at lowest level in the context of overall scope ?
Wed Jul 20, 2016 5:42 am
Forum: PMP® Open Forum
Topic: Decompose the work packages ?
Replies: 5
Views: 3475

### Decompose the work packages ?

During a work breakdown structure meeting, you have decomposed the deliverable into work packages and created your WBS dictionary. However, you now want to decompose the work packages to assist you in estimating, executing, and controlling the project. These decomposed work packages are called: Work...
Wed Jul 20, 2016 4:07 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 72nd Question
Replies: 2
Views: 2006

### Re: Oliver 175 - 72nd Question

Wed Jul 20, 2016 4:04 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 110th Question
Replies: 3
Views: 2566

### Re: Oliver 175 - 110th Question

ha..I did not pay attention to not in "What should you not do?"
Wed Jul 20, 2016 3:12 am
Forum: PMP® Open Forum
Topic: Fixed price contract
Replies: 3
Views: 1845

### Re: Fixed price contract

Agree but question does not say that the contract has EPA clause.However you can justify your answer on "three years back" phrase.
Tue Jul 19, 2016 10:34 pm
Forum: PMP® Open Forum
Topic: Fixed price contract
Replies: 3
Views: 1845

### Fixed price contract

Three years back, your organization awarded a fixed price contract to a reputable local contractor to construct a new airport terminal in the city. Few days back, you have received a change request from the contractor requesting to adjust the price of the contract. The contractor is claiming that as...
Mon Jul 18, 2016 8:30 pm
Forum: PMP® Open Forum
Topic: Attribute & variables sampling
Replies: 7
Views: 3581

### Re: Attribute & variables sampling

Thanks for clarification
Mon Jul 18, 2016 8:27 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 20th Question
Replies: 9
Views: 6013

### Re: Oliver 175 - 20th Question

OK.Thanks for clarification
Mon Jul 18, 2016 6:12 am
Forum: PMP® Open Forum
Topic: Attribute & variables sampling
Replies: 7
Views: 3581

### Re: Attribute & variables sampling

Quite an old thread but wanted to post on the same instead of making new. So if I consider an example of a sample report on a website - 1. On clicking on the link , it report loads or gives error is attribute sampling. 2. If report loads but very slow OR some of the data missing etc. is variable sam...
Mon Jul 18, 2016 3:15 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 122nd Question
Replies: 1
Views: 1615

### Oliver 175 - 122nd Question

What is the most important benefit of a 360 degree review? o The reviewed person will regard the assessment process as fair and developmental. o Assessments from different perspectives leave no weak spot of a person unaddressed. o Managers will be assessed by their subordinates, enforcing a more par...
Mon Jul 18, 2016 3:12 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 110th Question
Replies: 3
Views: 2566

### Oliver 175 - 110th Question

You finished your project for a customer to implement a business software solution. All deliverables have been handed over and are already in use by the company. There is a minor last payment to be made by the customer on contract closure. You believe that it is now getting time to finally close the...
Mon Jul 18, 2016 2:58 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 91st Question
Replies: 1
Views: 2163

### Oliver 175 - 91st Question

Which is generally not regarded as one of the three categories of culture that managers should master?

o National culture
o Organizational culture
o Project culture
o Functional culture

Correct answer is #3.Does PM need to master national cultural ?
Mon Jul 18, 2016 2:43 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 72nd Question
Replies: 2
Views: 2006

### Oliver 175 - 72nd Question

Which of the following are not common barriers to project team building?

o Differing outlooks, priorities, and interests
o Role conflicts
o Excessive team member commitment
o Unclear project objectives/outcomes

Correct answer is #3.Can someone explain it ?
Mon Jul 18, 2016 2:42 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 55th Question
Replies: 2
Views: 2631

### Re: Oliver 175 - 52th Question

Sorry for wrong title.Its 55th question
Mon Jul 18, 2016 2:25 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 55th Question
Replies: 2
Views: 2631

### Oliver 175 - 55th Question

You are running a major project with four sub-projects. Each of the sub-project managers has developed a risk management plan, identified many risks, analyzed them and planned for risk response. It is now two months later. What should you not do? o Ensure that they handle all risks to save you from ...
Mon Jul 18, 2016 2:04 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 52th Question
Replies: 1
Views: 1580

### Oliver 175 - 52th Question

What do you expect when you are submitting an invitation for bid to sellers? o Offers which will differ significantly in solution approach and price. o Offers which are similar enough to allow a selection based on price. o Offers which are not primarily written to win against competition. o General ...
Mon Jul 18, 2016 1:57 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 38th Question
Replies: 1
Views: 1851

### Oliver 175 - 38th Question

During a meeting, a discussion came up: To which degree does your project have to be compliant to the processes enumerated in the PMBOK® Guide? What should be the guiding principle to answer this question? o The processes are meant as rough guidelines to which a team should only adhere if there is e...
Mon Jul 18, 2016 1:50 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 35th Question
Replies: 1
Views: 1920

### Oliver 175 - 35th Question

During execution in a project to build a major road bridge, your team found a major flaw in the technical drawings. On an ad-hoc base, they had to find and implement a workaround to avoid delays and mitigate technical problems. What should you do next? o Meticulously document the problem and the wor...
Mon Jul 18, 2016 1:41 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 20th Question
Replies: 9
Views: 6013

### Oliver 175 - 20th Question

In most jurisdictions, a legally required order of formal statements establishing a contract is:

o Invitation to treat, offer, PO
o Inquiry, bid, order
o Offer, acceptance
o MoU, LoI, final agreement

Can someone explain me the question ?
Mon Jul 18, 2016 1:24 am
Forum: PMP® Open Forum
Topic: Motivation theory question
Replies: 2
Views: 1248

### Re: Motivation theory question

Ok.Thanks
Sun Jul 17, 2016 3:02 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 75th Question
Replies: 7
Views: 7727

### Re: Oliver 75 - 75th Question

Sun Jul 17, 2016 1:23 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 23rd Question
Replies: 9
Views: 7331

### Re: Oliver 75 - 23rd Question

IMO the option should be B because the contractor is hiring more staff that means more indirect costs may be due to additional equipment for them , their transportation cost , extra housekeeping cost ,electricity consumption cost (even though minor) by those extra staff. So the indirect cost for con...
Sat Jul 16, 2016 9:00 pm
Forum: PMP® Open Forum
Topic: ROM estimate
Replies: 2
Views: 1466

### Re: ROM estimate

Thanks.
Sat Jul 16, 2016 8:59 pm
Forum: PMP® Open Forum
Topic: Preliminary scope statement
Replies: 2
Views: 1488

### Re: Preliminary scope statement

OK.Thanks.Actually it is referred in Head first exam questions.
Sat Jul 16, 2016 8:58 pm
Forum: PMP® Open Forum
Topic: Team conflict
Replies: 2
Views: 1433

### Re: Team conflict

Ok.Thanks
Sat Jul 16, 2016 8:47 pm
Forum: PMP® Open Forum
Topic: Risk Breakdown Structure
Replies: 1
Views: 1383

### Risk Breakdown Structure

Is RBS a project level or org level ? If it is org level then it should be a part of OPA and not Risk management plan.

As per Rita book , page 416 , its an organizational chart.Any thoughts ?
Sat Jul 16, 2016 7:30 pm
Forum: PMP® Open Forum
Topic: Motivation theory question
Replies: 2
Views: 1248

### Motivation theory question

In Herzberg's theory , under hygiene factors , there is a security and in Maslow's hierarchy of needs , there is a safety (security , stability , freedom from harm )

What is the differecnce between Herzberg's security and Maslow's safety (i.e. again security ) ?
Sat Jul 16, 2016 4:10 pm
Forum: PMP® Open Forum
Topic: Team conflict
Replies: 2
Views: 1433

### Team conflict

Two of your project team members approach you with a conflict that they are having with each other over the technical approach to their work. One of the two people is very aggressive, and tries to get you to make a decision quickly. The other team member is quiet, and seems less willing to talk abou...
Sat Jul 16, 2016 3:41 am
Forum: PMP® Open Forum
Topic: Preliminary scope statement
Replies: 2
Views: 1488

### Preliminary scope statement

Is there anything called "preliminary scope statement" ? If yes , how what are the contents of it and how it is different from the initial scope in project charter ?

I tried to look into PMBOK but did not find anything.
Sat Jul 16, 2016 3:34 am
Forum: PMP® Open Forum
Topic: ROM estimate
Replies: 2
Views: 1466

### ROM estimate

You are managing a construction project that is currently being initiated. You met with the sponsors and several important stakeholders, and have started to work on the preliminary scope statement. You’ve documented several key assumptions that have been made, and identified project constraints and ...
Wed Jul 13, 2016 9:50 pm
Forum: PMP® Exam Lessons – Success Stories
Topic: Passed PMP on 13th July
Replies: 12
Views: 6051

### Re: Passed PMP on 13th July

Congratulations Ankur.Eventhough you pass , you should continue answering my questions on forum.

My exam is scheduled on 1st August.
Wed Jul 13, 2016 4:05 am
Forum: PMP® Open Forum
Topic: Contract type..
Replies: 4
Views: 2005

### Re: Contract type..

Yes.Thats correct answer.I think it is pretty clear that it should be FP contract as senior mgmt is price sensitive but within FP , which one ? so the key here I think is "multi-year" phrase. Let me know if my understanding is correct.
Wed Jul 13, 2016 3:53 am
Forum: PMP® Open Forum
Topic: Ethics question
Replies: 5
Views: 2995

### Re: Ethics question

Yes.Thats correct.Thanks
Tue Jul 12, 2016 8:16 pm
Forum: PMP® Open Forum
Topic: Ethics question
Replies: 5
Views: 2995

### Ethics question

You are seven months into a project that is expected to take two years. You just received all of the actual cost, work and schedule information from your team members in the status meeting. The project engineer, who is also your immediate boss, comes to you and advises you that based on quick calcul...
Tue Jul 12, 2016 8:14 pm
Forum: PMP® Open Forum
Topic: Contract type..
Replies: 4
Views: 2005

### Contract type..

You are the project manager for a multi-year, US Government-sponsored project involving the use and consumption of materials such as gold, silver & copper. You have assembled the best possible team to complete the planning and work on this project. Senior management is cost sensitive and would p...
Sun Jul 10, 2016 8:36 pm
Forum: PMP® Open Forum
Topic: conflict management resolution methods
Replies: 2
Views: 1173

### conflict management resolution methods

As per PMBOK 5 , there are 5 methods - Withdraw/Avoid,Smooth/Accommodate,Compromise/Reconcile,Force/Direct,Collaborate/Problem Solve

But as per iZenBridge free question #89 , there are 6 - Forcing, Smoothing, Compromising, Confronting, Collaborating and Withdrawing

Which one is true ?
Sun Jul 10, 2016 7:38 pm
Forum: PMP® Open Forum
Topic: ETC
Replies: 1
Views: 1292

### ETC

You are managing a project which is estimated to cost \$ 300,000 with a timeline of 10 months. Due to some reasons schedule was slightly delayed and the net result was that there was some additional cost in the project. At the end of the third month, you review the project and find that the project i...
Sat Jul 09, 2016 10:50 pm
Forum: PMP® Open Forum
Topic: ROM estimate
Replies: 1
Views: 1266

### ROM estimate

You are working for GOODROAD highway construction agency as a project cost estimator. The agency started a highway construction project which is in it’s planning phase. The rough order of magnitude (ROM) cost estimate for the project is expected to be between 3 and 5 million dollars in the planning ...
Sat Jul 09, 2016 10:44 pm
Forum: PMP® Open Forum
Topic: Project
Replies: 3
Views: 1719

### Project

A manager asks you to evaluate four new projects that he has suggested for next year. You review the projects and notice that one is not really a project, but more an operational task. Which of these is not a project? A. Change the product to enable increased consumer usage B. Manage a set of people...
Sat Jul 09, 2016 10:27 pm
Forum: PMP® Open Forum
Topic: Stakeholder engagement gaps
Replies: 2
Views: 1602

### Stakeholder engagement gaps

Peter is managing a multi-million dollar project. The project is in the planning phase and has a big number of key stakeholders. During an analysis, Peter finds out that there are big gaps between the current and desired engagement levels for most of the key stakeholders. What should Peter do next? ...
Sat Jul 09, 2016 10:00 pm
Forum: PMP® Open Forum
Topic: Critical path
Replies: 2
Views: 1439

### Critical path

You are managing a heavy equipment manufacturing project that involves many mechanical, electrical as well as IT staff. Your team prepared a schedule network diagram using duration estimates with dependencies and constraints. Your team also calculated the critical path for the project using late and...
Sat Jul 09, 2016 9:25 pm
Forum: PMP® Open Forum
Topic: Mock Test Question - Communication Mgmt
Replies: 3
Views: 1849

### Re: Mock Test Question - Communication Mgmt

I think the answer is C as A,B,D come under most likely scenarios.I tried to find the reference in PMBOK but did not find.
Sat Jul 09, 2016 9:13 pm
Forum: PMP® Open Forum
Topic: Mock Test Question
Replies: 6
Views: 2452

### Re: Mock Test Question

Agree that question is ambiguous (unless I failed to see other angle ).Customer is loosing money indicates deadline is over ( that is how customer measured loss ) but on the other hand new feature is still development.
Sat Jul 09, 2016 6:47 am
Forum: PMP® Open Forum
Topic: Acquire team question
Replies: 2
Views: 1073

### Re: Acquire team question

Ok..Yeah.Option B make sense as per PMBOK
Sat Jul 09, 2016 5:23 am
Forum: PMP® Open Forum
Topic: Acquire team question
Replies: 2
Views: 1073

### Acquire team question

A very critical resource is on another project team. It is very important you get his time for your project. You have contacted his team’s manager multiple times, but have received a poor response. What should you consider doing next? A. Plan for an alternate resource since this resource is not avai...