Search found 29 matches

by Prachi Bansal
Mon Mar 19, 2018 5:02 pm
Forum: PMP® Exam Lessons – Success Stories
Topic: Donw with PMP in first attempt - It's amazing!!
Replies: 3
Views: 922

Donw with PMP in first attempt - It's amazing!!

Hey Guys, Today, I successfully passed my PMP exam with AT, AT, AT, T & AT is 5 process groups. It was not less than a dream coming true when I saw that 'Congratulations' screen today. I would like to share my experience about my journey through PMP and finally the exam day. So I though about PM...
by Prachi Bansal
Thu Mar 15, 2018 5:19 pm
Forum: PMP® Open Forum
Topic: Cost of change
Replies: 0
Views: 371

Cost of change

Cost of approved CRs(Cost of impact + implementation) shouldn't be included in the initial project budget?
by Prachi Bansal
Thu Mar 15, 2018 5:07 pm
Forum: PMP® Open Forum
Topic: Procurement Management Query
Replies: 2
Views: 546

Procurement Management Query

Sandy is the project manager and managing procurement for vending machines for IZENBRIDGE office. Contract is signed and delivery is expected to come. When he checks he got confused he received fifteen machine on place of ten. He go back and check the contract which says “vendor to supply ten (15) m...
by Prachi Bansal
Thu Mar 15, 2018 4:46 pm
Forum: PMP® Open Forum
Topic: Closing PG Query
Replies: 1
Views: 476

Closing PG Query

The Kelly is making sure that the product of the project has been completed according to the project management plan. What part of the project management process is she in? Planning Executing Monitoring and Controlling Closing Correct answer should be Monitoring & controlling since, Control qual...
by Prachi Bansal
Thu Mar 15, 2018 4:33 pm
Forum: PMP® Open Forum
Topic: Query on Develop Project Charter
Replies: 1
Views: 469

Query on Develop Project Charter

Your company has signed a contract with Power Supply Company to erect a 3000 MW power plant and company named you as the project manager for this project. What is the next step you will take? Prepare scope statement Milestone list Identify resources Develop project charter Correct Ans is D: Develop ...
by Prachi Bansal
Wed Mar 14, 2018 5:15 am
Forum: PMP® Open Forum
Topic: 3 Types of Efforts
Replies: 1
Views: 509

3 Types of Efforts

Manish Could you please explain me the differences between Discrete effort, Apportioned effort & Level Of effort. Definitions from PMBOK are a bit confusing.
by Prachi Bansal
Sun Mar 11, 2018 1:01 am
Forum: PMP® Open Forum
Topic: Query
Replies: 1
Views: 530

Query

What should be the correct answer and why? Variance analysis refers to cost performance measurements used to assess the magnitude of variation in comparison to the original cost baseline. What is the trend on the percentage range of acceptable variances as the project progresses? The percentage rang...
by Prachi Bansal
Sun Mar 11, 2018 12:55 am
Forum: PMP® Open Forum
Topic: Query
Replies: 2
Views: 621

Query

What should be the correct answer and why? Your project is multi phased; there has been multiple brainstorming sessions with your stakeholders to decide on which phase to phase relationship is chosen for project. There has been split of opinion with one group pushing for sequential relationship whil...
by Prachi Bansal
Sun Mar 11, 2018 12:32 am
Forum: PMP® Open Forum
Topic: Query
Replies: 1
Views: 514

Query

As per me 1st option should be the best option. Cut correct answer given is 4th. No matter what you assume correct way of logging an issue and getting it resolved is through Issue Log. Ray is project manager for a strategic initiative in pharmaceutical company developing cancer drugs. There is peren...
by Prachi Bansal
Sat Mar 10, 2018 11:53 pm
Forum: PMP® Open Forum
Topic: Query - Risk Management
Replies: 1
Views: 486

Query - Risk Management

You have joined the project during end of planning phase as previous Project manager has left organization and you are presenting project plan subsidiaries and some project documents to steering group for approval. While discussing risk register there is disagreement between 2 influential stakeholde...
by Prachi Bansal
Sat Mar 10, 2018 11:51 pm
Forum: PMP® Open Forum
Topic: Query
Replies: 3
Views: 788

Re: Query

I answered Portfolio Manager but the correct answer is PMO. Could you please explain why PMO and not portfolio manager?
by Prachi Bansal
Sat Mar 10, 2018 11:56 am
Forum: PMP® Open Forum
Topic: Query
Replies: 3
Views: 788

Query

Could anybody please explain me answer to this question. Shon is a project manager for a strategic initiative in pharmaceutical company developing cancer drugs. There is perennial challenge in finding resources with right competence within the organization. While Shon’s focus is to manage constraint...
by Prachi Bansal
Tue Jan 30, 2018 6:55 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Passed PMP in fist attempt on 28.01.2018
Replies: 4
Views: 1228

Re: Passed PMP in fist attempt on 28.01.2018

Ajay, Please find my reply 1. how many questions you faced directly coming out of glossary?- There was no direct questions on glossary but was included in questions. You should understand them instead of memorizing them. 2. going through each one is difficult (even if you go through by understandin...
by Prachi Bansal
Tue Jan 23, 2018 7:39 am
Forum: PMP® Open Forum
Topic: Advise on how to go with PMP preprations in 40 days
Replies: 4
Views: 1359

Re: Advise on how to go with PMP preprations in 40 days

I passed my exam last month and i think you have enough time to study and pass as you are not new to the PMBOK. give all the 5 mocks analyze them and identify your weak areas and look it up in rita or Headfirst. Contrary to what people have shared in the forms and webinar I found my exam a mix of e...
by Prachi Bansal
Tue Jan 16, 2018 6:53 am
Forum: PMP® Open Forum
Topic: Advise on how to go with PMP preprations in 40 days
Replies: 4
Views: 1359

Advise on how to go with PMP preprations in 40 days

Hi All, I would need your advise on how to go with PMP preparations. Exam Date: 26/02/2018 So I registered back in Mar'17 and since then my preparations are going on and off. I have read PMBOK twice but once in June'17 and once in Oct'17. I have gone through all the Izenbridge videos almost 3 times ...
by Prachi Bansal
Mon Jul 31, 2017 6:14 am
Forum: PMP® Open Forum
Topic: Earned Value Management
Replies: 2
Views: 991

Re: Earned Value Management

Actual Cost is the money spent/incurred to complete a part of the project. While, Earned Value is the $ value you have earned while doing that part of the project or according to the plan how much $ amount of work you have completed. For Eg: You have to complete a project in 10 months and budget for...
by Prachi Bansal
Thu Jul 20, 2017 6:42 am
Forum: PMP® Open Forum
Topic: Procurement Management Plan
Replies: 5
Views: 1961

Re: Procurement Management Plan

Answer should be 1. Because Plan Procurement Management Process is producing Procurement SOW as an O/P. So it does define Procurement SOW. Question: You are considering hiring service of some vendors regarding a utility development in your project. You have started with Plan procurement process, as ...
by Prachi Bansal
Thu Jul 20, 2017 6:40 am
Forum: PMP® Open Forum
Topic: Procurement Management Plan
Replies: 5
Views: 1961

Re: Procurement Management Plan

Option 4 is correct for this question. Yes you are right that by procuring any service/product in our project we are transferring risk but impact of risk transfer would be on "Risk Register" or any other risk document but it can't impact "Risk Management Plan". I think the questi...
by Prachi Bansal
Mon Jul 17, 2017 6:04 am
Forum: PMP® Open Forum
Topic: Conduct Procurement
Replies: 2
Views: 932

Re: Conduct Procurement

I would like to give my opinion here. Option 2 can't be correct since procurement SOQ which was created by Buyer was same and was sent to all other suppliers/contractors as well. Since out of 15 only 2 contractors bid low, this can't be the reason. I would go for Option 1. That seems most appropriat...
by Prachi Bansal
Mon Jun 19, 2017 7:24 am
Forum: PMP® Open Forum
Topic: Stakeholder Management
Replies: 6
Views: 1467

Re: Stakeholder Management

According to me, 2 should be the correct response as providing events, milestones and deliverable due dates is PM's responsibility. Customer or sponsor might provide inputs to them but Core responsibility of finalizing them lies with the PM. 2 Provide key events, milestones, and deliverable due date...
by Prachi Bansal
Tue Apr 18, 2017 7:06 am
Forum: PMP® Open Forum
Topic: Estimate Costs
Replies: 1
Views: 673

Estimate Costs

What is the difference between Direct Costs and Indirect Costs? Please explain giving examples.
by Prachi Bansal
Mon Mar 27, 2017 10:06 am
Forum: PMP® Queries and Tips
Topic: Work Performance Data , Report and Information
Replies: 4
Views: 1855

Re: Work Performance Data , Report and Information

Hi, Work Performance Data is the output of Direct and Manage Project Work (from Project Integration Management) and is input to all the processes of Monitoring and Control Process Group (except Perform Integrated Change Control process from Project Integration Management). Work Performance Informati...
by Prachi Bansal
Fri Feb 17, 2017 10:22 am
Forum: PMP® Open Forum
Topic: Earned Value Management Question
Replies: 2
Views: 1132

Re: Earned Value Management Question

Hi.. The link you mentioned provides solution which is saying "A" as correct answer. However, Correct answer in assessment is "D".
by Prachi Bansal
Mon Feb 13, 2017 7:11 am
Forum: PMP® Queries and Tips
Topic: Project Team members record the time spend on different activities during the day
Replies: 2
Views: 1151

Re: Project Team members record the time spend on different activities during the day

I also think answer should be B and not C. They are recording what they are time at the time they are actually doing it. So It should be an "Execution PG" process.
by Prachi Bansal
Mon Feb 13, 2017 5:21 am
Forum: PMP® Open Forum
Topic: Earned Value Management Question
Replies: 2
Views: 1132

Earned Value Management Question

Please help. I can't reach to the correct solution. Mark is in execution phase of the road construction project in a town which has total duration of 12 months and work effort evenly distributed. 3 months down the line during the execution phase mark realizes that there is a change in local law whic...
by Prachi Bansal
Fri Jan 27, 2017 6:29 am
Forum: PMP® Open Forum
Topic: PMBOK or Rita Mulachy
Replies: 1
Views: 838

PMBOK or Rita Mulachy

Hi All,

I have watched all the lesson videos once. I also made notes along while watching. What should be my next step?

Should I start reading Rita Mulachy or PMBOK? From which book I will get most?

Thanks in Advance!!
by Prachi Bansal
Sun Jan 22, 2017 4:19 pm
Forum: PMP® Open Forum
Topic: Project Communication Management
Replies: 1
Views: 901

Project Communication Management

Hi All, I am having 3 questions in this Knowledge Area. It would be great If anyone could answer them. 1) Will the O/P of Manage Communication Process which is Project Communication will get updated in WPD since it's in Execution PG? 2) In Communication Management Plan process, One O/P is "Upda...
by Prachi Bansal
Mon Jan 02, 2017 3:21 am
Forum: PMP® Open Forum
Topic: PDF for PMBOK 5th Edition required
Replies: 3
Views: 1522

Re: PDF for PMBOK 5th Edition required

Hi.. thanks for the reply.. I wrote to them but haven't got any reply yet. In case you are having that, can you please email me that?
by Prachi Bansal
Fri Dec 30, 2016 7:11 am
Forum: PMP® Open Forum
Topic: PDF for PMBOK 5th Edition required
Replies: 3
Views: 1522

PDF for PMBOK 5th Edition required

Hi All, I need the soft copy of PMBOK 5th Edition. As I get a lot of free time in office and I want to utilize it studying PMP which is difficult using it's hard copy. It would be a great help if someone can email me the soft copy(which I can't find on google). My email address bansal.prachi1990@gma...

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