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by nazrulq
Thu Jun 29, 2017 6:38 am
Forum: PMP® Open Forum
Topic: Risks in Contract Types!
Replies: 3
Views: 39

Re: Risks in Contract Types!

So there are two options.

Option 2 and Option 4.

Both are not true. Please Clarify!
by nazrulq
Thu Jun 29, 2017 6:15 am
Forum: PMP® Open Forum
Topic: Project Network Diagram
Replies: 1
Views: 8

Project Network Diagram

You are managing a transmission line project in a Historic Settlement. You have identified the Five Tasks that need to be done as part of this project and represented them in the chart given below: Task Preceding Activity Estimate in Months Start - 0 1 Start 3 2 1 4 3 Start 2 5 3 5 4 Start 7 5 4 1 E...
by nazrulq
Thu Jun 29, 2017 12:03 am
Forum: PMP® Open Forum
Topic: PMI Code of Ethics
Replies: 1
Views: 10

PMI Code of Ethics

The Project Manager is discussing her project with a close friend and colleague in the same company. She is worried that your project is behind schedule and over budget. Her(PM) colleague explained how she was able to bring her project back on schedule by taking out some non-critical tasks from the ...
by nazrulq
Tue Jun 27, 2017 10:54 pm
Forum: PMP® Open Forum
Topic: WORK AROUND IN RISK MANAGEMENT
Replies: 3
Views: 32

Re: WORK AROUND IN RISK MANAGEMENT

Work Around is a risk response criteria which was not previously planned for. Workaround can be managed by contingency reserve.

Please refer Saket's free video in youtube for Risk Mitigation and Contingency Plan.
by nazrulq
Tue Jun 27, 2017 8:29 pm
Forum: PMP® Open Forum
Topic: Risks in Contract Types!
Replies: 3
Views: 39

Risks in Contract Types!

In your project, you have been sub-contracting your development work to three consultancy firms. Which of the following statements about transferring risk to a contractor is not true? 1 Risk transference nearly always involves payment of a risk premium. 2 Fixed price contract always transfers the ri...
by nazrulq
Tue Jun 27, 2017 6:07 pm
Forum: PMP® Mock Exams Open Questions
Topic: Avoiding Vs Mitigating Risk
Replies: 4
Views: 239

Re: Avoiding Vs Mitigating Risk

I think it is for Mitigating Risk of Project Schedule. Question is not clear enough . There could be secondary risk after adding resource too.
by nazrulq
Tue Jun 27, 2017 5:50 pm
Forum: PMP® Open Forum
Topic: Ethics Question
Replies: 3
Views: 60

Re: Ethics Question

That is a very good catching point but instead of job environment he should inform prior to reporting to PMI is that ok!
by nazrulq
Tue Jun 27, 2017 5:43 pm
Forum: PMP® Open Forum
Topic: Procurement problem
Replies: 2
Views: 49

Re: Procurement problem

Target Profit = $ 25000 Target Cost, TC = $130000 Actual Cost, AC = $150000 Actual Free = AF Target Fee = TF =25000 SSR = Seller Sales Ratio =80/20 =.2 AF = ( TC- AC)SSR + TF = $(130000-150000) x .2 + $25000 = $(-4000+25000) = $ 21000 ( Seller's Profit) Final Price to the Contractor/ Seller =$ (1500...
by nazrulq
Sat Jun 24, 2017 10:25 pm
Forum: PMP® Open Forum
Topic: Ethics Question
Replies: 3
Views: 60

Ethics Question

Question : During an informal discussion Prooject Manager had with another PMP certificant, he mentioned how he was able to sit for the PMP Certification exam two years ago by using false contact hour certificates. PM should: 1 Report this to PMI 2 Report this to his supervisor 3 Do nothing, since h...
by nazrulq
Sat Jun 24, 2017 10:05 pm
Forum: PMP® Open Forum
Topic: Probability and Impact
Replies: 2
Views: 41

Probability and Impact

Question: Based on recent estimates, there is a 25% probability for a particular event to occur every year. If that project lasts for three years, what is the probability of the event happening in the third year? Answer: 1 10 % 2 15 % 3 25% 4 40% Option 3 is my choice. Just guess from straight line ...
by nazrulq
Sat Jun 24, 2017 8:46 pm
Forum: PMP® Open Forum
Topic: Ethics Question.
Replies: 3
Views: 41

Ethics Question.

One of your team members filed a critical report ten minutes before a bidder conference. You notice some serious errors have crept into the report. You should: 1 Cancel the meeting and reschedule it at a later date 2 Go ahead with the meeting and tell the participants what is wrong with the report 3...
by nazrulq
Sat Jun 24, 2017 8:26 pm
Forum: PMP® Open Forum
Topic: Stakeholder Engagement
Replies: 3
Views: 49

Re: Stakeholder Engagement

Stakeholder Unaware Resistant Neutral Supportive Leading Sponsor C D CEO C D Team Member C/D C = Current Engagement Level; D = Desired Engagement Level
by nazrulq
Fri Jun 23, 2017 4:30 pm
Forum: PMP® Open Forum
Topic: Stakeholder Engagement
Replies: 3
Views: 49

Stakeholder Engagement

Current and desired engagement levels of stakeholders are mentioned in the following Stakeholder Engagement Assessment Matrix, which would be the most important gap to be addressed by the project manager bias ASAP? Stakeholder Unaware Resistant Neutral Supportive Leading Sponsor C D CEO C D Team Mem...
by nazrulq
Fri Jun 23, 2017 3:35 pm
Forum: PMP® Open Forum
Topic: Benefit Cost Ratio - Interpretation Question
Replies: 9
Views: 652

Re: Benefit Cost Ratio - Interpretation Question

In cost-benefit analysis, BCR or Benefit cost ratio is a tool for selecting the project. This is to remember BCR = ((Benefit/Revenue/ Payback period amount)/ Project Cost sometimes they included Profits .Profit is something you have net amount to be received after all costs are being paid. It is not...
by nazrulq
Wed Jun 21, 2017 4:15 pm
Forum: PMP® Open Forum
Topic: Stakeholder Management
Replies: 6
Views: 149

Re: Stakeholder Management

Mile stone and events are by Project Manger but also subject to approval of customer. Milestone and mailevents can be changed if those are not approved by customer and other stakeholders. Risk Tolerance is only by project sponsor ! NOT stakeholders as well! Utility theory tells about the tolerance o...
by nazrulq
Wed Jun 21, 2017 2:44 am
Forum: PMP® Open Forum
Topic: Stakeholder Management
Replies: 6
Views: 149

Re: Stakeholder Management

Very clearly explained. I think customer to be excluded from answer. (option 4)
by nazrulq
Sun Jun 18, 2017 2:10 am
Forum: PMP® Open Forum
Topic: Stakeholder Management
Replies: 6
Views: 149

Stakeholder Management

A project manager has to manage different stakeholder expectations. Project sponsor and customer are two very important stakeholders in any project. In this respect, which of the following is NOT the responsibility of both the project sponsor and the customer? 1 Take into account risk tolerance 2 Pr...
by nazrulq
Sun Jun 18, 2017 2:02 am
Forum: PMP® Open Forum
Topic: Control Quality
Replies: 1
Views: 57

Control Quality

Question :Control Quality is the process of monitoring and recording results of executing the quality base activities to do the performance and recommend necessary changes. To evaluate control quality output data, the project team must ideally have a working knowledge of: 1 Prevention and Inspection...
by nazrulq
Sun Jun 18, 2017 1:51 am
Forum: PMP® Open Forum
Topic: Communication Management
Replies: 1
Views: 54

Communication Management

Question: Which of the following statements about communication is inaccurate? 1 Informal communication includes briefings and email. 2 Formal communication includes reports. 3 External communication could include talking with the customer, TV media, public meetings, etc. 4 Communication with peers ...
by nazrulq
Sat Jun 17, 2017 1:58 am
Forum: PMP® Open Forum
Topic: HR Management
Replies: 2
Views: 88

HR Management

Q. In the project, the project manager is in the process of determining the roles, responsibilities, and reporting the relationship for his team member. What of the following he would not define/create at the end of the process. 1. Project Staff Assignments. 2.Roles and Responsibility 3. Staffing Ma...
by nazrulq
Thu Jun 15, 2017 5:04 am
Forum: PMI-ACP® Open Forum
Topic: Project Selection ( NPV)
Replies: 1
Views: 95

Project Selection ( NPV)

Q. Project A has NPV $ 500,000; Project B has NPV $300,000; Project C NPV $200,000 and Project D - 10% What should be the opportunity cost if Project A has been selected? Answer 1 $500,000 2. $ 300,000 3.$ 200,000 4. -10% Opportunity Cost is that one is not been selected. Project A has been selected...
by nazrulq
Thu Jun 15, 2017 4:49 am
Forum: PMP® Open Forum
Topic: Procurement Management (Early Termination of the Contract)
Replies: 1
Views: 75

Procurement Management (Early Termination of the Contract)

Early termination of a contract is a special case of contract closure. This can happen because of: Choice 1. Default of the buyer Choice 2. Default of the seller Choice 3. Mutual agreement of the parties Choice 4. Any of the above reasons I think Choice # 4 is the right answer. Ref . PMBOK 387 ; Ear...
by nazrulq
Thu Jun 15, 2017 4:19 am
Forum: PMP® Open Forum
Topic: CS MT 16
Replies: 3
Views: 97

Re: CS MT 16

Close Project or phase is the process of completing and concluding all activities across all of the process group to officially close the project. Which of the following activities are NOT performed during the process? 1. Action required to transfer completed product or operations. 2. Action require...
by nazrulq
Mon Jun 12, 2017 5:03 am
Forum: PMP® Open Forum
Topic: Risk management (Risk and Issue)
Replies: 1
Views: 55

Risk management (Risk and Issue)

What is the difference between Issue and Risk ? What is Utility theory? Answer : Risks are un-certainties which have not been identified previously. Which can have positive and negative effect in the project. Examples are scope ,schedule, cost and quality. Issues are well defined in advance. Issues ...
by nazrulq
Sun Jun 11, 2017 10:45 pm
Forum: PMP® Open Forum
Topic: CS MT 16
Replies: 3
Views: 97

CS MT 16

Close Project or phase is the process of completing and concluding all activities across all of the process group to officially close the project. Which of the following activities are NOT performed during the process. 1. Action required to transfer completed product or operations. 2. Action require...
by nazrulq
Sat Jun 10, 2017 2:11 am
Forum: PMP® Open Forum
Topic: Christopher Scordo MT 16Q
Replies: 1
Views: 82

Christopher Scordo MT 16Q

You just taken over a project from another project manger about 6 months into a 12 month project. As a PM you get to know the 6 staffs member are relatives of the previous project manager. What is the course of action of new project manager? A. Notify stake holders about probability of nepotism. B. ...
by nazrulq
Sat Jun 10, 2017 2:01 am
Forum: PMP® Open Forum
Topic: Can someone help on this
Replies: 7
Views: 475

Re: Can someone help on this

Joe is managing a project having budget of $250,000 and it need to be completed in 10 months. At the time of completion of project,he found that 10% cost of the project is increased because of high material cost and because of delay delivery of material project gets delayed by 10%. Calculate CPI and...
by nazrulq
Mon May 15, 2017 2:03 am
Forum: PMP® Open Forum
Topic: Can someone help on this
Replies: 7
Views: 475

Re: Can someone help on this

The Question shouls be cleared of fnishing date. Cost increased by 10% due to material cost and delayed supply.
EV= PV
I think sometimes are not really clear. Hopefully in final PMP it should be mentioned clearly.

Best Regards.
by nazrulq
Mon May 15, 2017 1:58 am
Forum: PMI-PBA Open Forum
Topic: Earn Value Management
Replies: 1
Views: 188

Earn Value Management

Q. Your project assistant just informed you that project has 400 stakeholders in 50 countries . Project Manger has to manage 100 team members. The project has CPI=.97 and 10 weeks behind the schedule .What project manager should focus. 1. Cost 2. Schedule 3 .Stakeholders 4. Human Resources. Correct ...
by nazrulq
Wed May 10, 2017 5:41 am
Forum: PMP® Open Forum
Topic: Can someone help on this
Replies: 7
Views: 475

Re: Can someone help on this

10% time increased = 11 months =EV
10% cost increased = 250 000 * 1.1 =275 000 =AC
SPI =10/11=.91
CPI =250/275=.91
by nazrulq
Wed May 10, 2017 5:23 am
Forum: PMP® Mock Exams Open Questions
Topic: Rita - Quality Question
Replies: 3
Views: 353

Re: Rita - Quality Question

In my view answer C is the correct answer. First option is to analyze what happend and to find underlying cause rather than jumping for solution.
by nazrulq
Wed May 03, 2017 6:19 pm
Forum: PMP® Mock Exams Open Questions
Topic: cost of quality questions
Replies: 4
Views: 339

Re: cost of quality questions

My Answer should be C. As question already indicates defects which are fallen into
Cost of Non-conformance - Internal Failure Cost.
Ref: PMBOK , Figure 8-5,Page -235
by nazrulq
Fri Apr 28, 2017 6:18 pm
Forum: PMP® Open Forum
Topic: Time Management
Replies: 2
Views: 242

Time Management

Q. You are the project manager and working on process of activity sequencing. Before you move on to the next step i.e. construction phase, you get to know that your company has a policy of having every software project reviewed and approved by the Architecture Review Board prior to the construction ...
by nazrulq
Mon Apr 24, 2017 11:33 pm
Forum: PMP® Open Forum
Topic: Exam Preparation
Replies: 2
Views: 239

Exam Preparation

In Chapter end questions I am getting in average 78 to 80% in first attempt. 2nd attemp usually over
83% to 87%. What is my status! Any suggestion!
Thanks.
by nazrulq
Mon Apr 24, 2017 11:15 pm
Forum: PMP® Open Forum
Topic: Q No.80 of Mock Test ETC
Replies: 2
Views: 190

Re: Q No.80 of Mock Test ETC

Project is slightly deviated but rest of the work will be in planned way as not directly mentioned.
ETC = EAC -AC = BAC + AC -EV -AC = BAC -EV =300- .3 x 300000 =210,000
Best Regards.
by nazrulq
Mon Apr 24, 2017 11:06 pm
Forum: PMP® Open Forum
Topic: Confidence Level
Replies: 4
Views: 339

Re: Confidence Level

1 sigma =68.26%
2 Sigma =95.46%
3 Sigma =99.73%
6 Sigma = 99.99%

Thanks.
by nazrulq
Sun Apr 23, 2017 5:05 am
Forum: PMP® Open Forum
Topic: Procurement Management
Replies: 3
Views: 220

Re: Procurement Management

I think in real PMP exam it will be well defined whether it is contrct or contract and scope.If it is the both then
Procurement Manager along with Project Manager will be responsible.Otherwise for the contract procurement
Manager.Please correct me if my conception is wrong!

Thanks.
by nazrulq
Sun Apr 23, 2017 4:40 am
Forum: PMP® Open Forum
Topic: Why Schedule compression do next?
Replies: 3
Views: 269

Re: Why Schedule compression do next?

I think finalize schedule (Develop schedule) option 3 is the right answer. Schedule Compression is the tools and technique of developing schedule. I think we have develop rough schedule and do the schedule compression as
an iterative process as to adjust.
by nazrulq
Sun Apr 23, 2017 4:17 am
Forum: PMP® Open Forum
Topic: Earned Value Topic
Replies: 10
Views: 474

Re: Earned Value Topic

Answer for the 2nd Question is I think, Cost Variance as it is the difference between actual cost incurred and budgeted value.
Management Reserve is usually included in Project Budget.
by nazrulq
Thu Apr 20, 2017 6:53 pm
Forum: PMP® Open Forum
Topic: Scope Management
Replies: 3
Views: 349

Scope Management

As a project manager you realize that you need to decrease the cost of the project which you are managing. After hours of brainstorming, you come up with the following choices. Which of the following option can help you to decrease cost of the project? 1. Change activity A to be done by resource X i...
by nazrulq
Wed Apr 19, 2017 4:46 pm
Forum: PMP® Mock Exams Open Questions
Topic: Question on Control Cost
Replies: 2
Views: 267

Question on Control Cost

Probable Solution.

EV =.55 * 120000 = 66000
PV = 4/6 *120000 = 800000
SV =66000-80000= -14000
SPI = 66000/80000 =.83 < 1
Behind the schedule.

Thanks.
by nazrulq
Wed Apr 19, 2017 12:09 am
Forum: PMP® Open Forum
Topic: Procurement Management
Replies: 3
Views: 220

Procurement Management

Always Procurement Manager is responsible in approving , changing and close the contract? In decentralized contracting Procurement Manager has to report Project Manager. One of the sample question emphasises only Procurement Manager is responsible for changing it. If the answer says both , what woul...
by nazrulq
Tue Apr 18, 2017 11:57 pm
Forum: PMP® Open Forum
Topic: ITTO
Replies: 4
Views: 297

Re: ITTO

Thank You brother Manish.
by nazrulq
Tue Apr 18, 2017 10:41 pm
Forum: PMP® Mock Exams Open Questions
Topic: Relation between CPI and TCPI
Replies: 2
Views: 298

Re: Relation between CPI and TCPI

1st Answer is also correct which is 1.51.
Since its a rounded up number .4
Answer could be 1.25
PMP Exam question answer should be accurate.
by nazrulq
Sun Apr 09, 2017 10:16 pm
Forum: PMI-ACP® Open Forum
Topic: HR Management
Replies: 1
Views: 194

HR Management

Question You are managing a software development project. Your project has been assigned with few inexperienced which are not able to perform their work as per the plan. You don’t have so much time available to recommend formal training for these team members, as it will delay the project. What can ...
by nazrulq
Thu Mar 30, 2017 10:10 pm
Forum: PMP® Open Forum
Topic: Project Management Framework
Replies: 2
Views: 155

Project Management Framework

Q. In a high risk exposure project it is essential to continuously monitor risks throughout the life cycle of project. Risk event occurs in your project during execution of work and you implement risk response as per risk response plan. One of the senior team members in your team suggests you should...
by nazrulq
Sat Mar 25, 2017 5:56 am
Forum: PMP® Mock Exams Open Questions
Topic: Gold Plating / Change request
Replies: 3
Views: 313

Re: Gold Plating / Change request

According to my opinion the answer should be Change Request.
by nazrulq
Thu Mar 23, 2017 5:59 am
Forum: PMP® Open Forum
Topic: ITTO
Replies: 4
Views: 297

ITTO

Please explain from your experience how to deal with ITTO.It has been understood EEF,OPA,Plans are inputs.
Expert Judgement ,Analysis ,estimatings,techniques and Meetings are tools and techniques. Plan ,WPI,WPD,WPR and Updates are outputs.
by nazrulq
Sun Mar 19, 2017 7:11 pm
Forum: PMP® Open Forum
Topic: Mock Exam Question
Replies: 1
Views: 162

Mock Exam Question

Which of the following is important to consider when creating the Requirements Management Plan due to its influence on how requirements will be managed throughout the project life cycle? 1 Project team members 2 Scope Management Plan 3 Phase-to-phase relationship of the project 4 Project manager Can...
by nazrulq
Fri Mar 10, 2017 10:05 pm
Forum: PMP® Open Forum
Topic: Quality
Replies: 2
Views: 179

Re: Quality

correct answer is 1.

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