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by Gul
Thu Nov 23, 2017 8:59 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Finaly achieved my PMP milestone 22-Nov 17, 4 Above Target and Closing Target.
Replies: 2
Views: 24

Finaly achieved my PMP milestone 22-Nov 17, 4 Above Target and Closing Target.

What a great feeling. I have recently passed (22nd-Nov-17) my PMP exam and I would like to share my experience and lesson learned. Preparing for the exam: First I did some web research looking for good courses in regards to quality, comments, and price. After a quick tradeoff study, I ended up with ...
by Gul
Wed Nov 15, 2017 6:43 pm
Forum: PMP® Queries and Tips
Topic: Project Acceptance criteria & Success criteria
Replies: 1
Views: 58

Project Acceptance criteria & Success criteria

In which process and knowledge area we defined project acceptance criteria and success criteria.
My understanding acceptance criteria defined in project scope statement and success criteria defined out of project boundaries for example in Business case (ROI, BCR , payback period).
by Gul
Sun Oct 29, 2017 10:31 pm
Forum: PMP® Queries and Tips
Topic: Activity Cost Estimates
Replies: 1
Views: 102

Activity Cost Estimates

Activity Cost Estimates. The projected cost of the schedule activity that includes the cost of all resources required
to perform and complete the activity, including all cost types and cost components.
during this estimation do we consider the Indirect and fixed cost as well..?
by Gul
Tue Oct 17, 2017 6:48 pm
Forum: PMP® Queries and Tips
Topic: Management reserve
Replies: 2
Views: 179

Re: Management reserve

Management reserve is not transparent to PM, so when you get approval to use Management reserve how much % of reserve is left is not known to PM and PM should not worry about it. usually Management reserve is not part of performance measurement so even if some Mgmnt reserve is approved when an unkn...
by Gul
Mon Oct 16, 2017 8:31 pm
Forum: PMP® Queries and Tips
Topic: Management reserve
Replies: 2
Views: 179

Management reserve

I have just one doubt about Management reserve. in case unknown risk occurred and with management approval, we used some % of Management reserve to manage this unknown risk. The use of this management reserve will it impact the cost budget baseline as well as cost baseline..? in addition, will it re...
by Gul
Sun Oct 15, 2017 5:34 am
Forum: PMP® Queries and Tips
Topic: To Complete Performance Index (TCPI)
Replies: 5
Views: 210

Re: To Complete Performance Index (TCPI)

cant really say without looking at the question can you share which question are you referring to here are two different cases with a solution, does it make sense..? Case 1- You are working on a project to be completed in 24 months and the BAC of the project is 200,000 USD. Twelve months have passe...
by Gul
Fri Oct 13, 2017 9:31 pm
Forum: PMP® Queries and Tips
Topic: To Complete Performance Index (TCPI)
Replies: 5
Views: 210

Re: To Complete Performance Index (TCPI)

manishpn wrote:you should always use EAC for TCPI calculation, ofcourse if your EAC is still equal to BAC then BAC can be used


So it means we need to calculate EAC to make sure either it's equal to BAC or not..?
by Gul
Thu Oct 12, 2017 1:04 pm
Forum: PMP® Queries and Tips
Topic: To Complete Performance Index (TCPI)
Replies: 5
Views: 210

To Complete Performance Index (TCPI)

I am bit confused about TCPI formula in two different scenarios, A thumb rule is that you can calculate the TCPI by dividing the remaining work by the remaining funds; i.e. TCPI = (Remaining Work) / (Remaining Funds) 1. I have read somewhere that if you CPI/cost performance index is equal or great t...
by Gul
Sun Oct 08, 2017 11:27 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Passed PMP with above rating
Replies: 4
Views: 493

Re: Passed PMP with above rating

Congrats..
by Gul
Thu Oct 05, 2017 11:51 am
Forum: PMP® Queries and Tips
Topic: Responsible and Accountable
Replies: 1
Views: 167

Responsible and Accountable

Responsible: Responsible means the person(s) assigned is/are the ones to carry out and finish the task There can be more than one people responsible for an activity/task Accountable: Accountable means the person assigned is Accountability CANNOT be shared, meaning that there is only ONE individual a...

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