Search found 88 matches

by KaurP
Thu Aug 30, 2018 9:47 pm
Forum: PMP® Queries and Tips
Topic: Estimates
Replies: 3
Views: 133

Re: Estimates

-25% to +25%: 3 to 5 million
-10% to +10%: 3.1 to 4.8 million
by KaurP
Thu Aug 30, 2018 10:52 am
Forum: PMP® Queries and Tips
Topic: Quality
Replies: 1
Views: 60

Quality

Approved change requests become input to Direct & Manage Project Work (for implementation) and Control quality (to confirm it was implemented as planned). Change Requests are monitored in monitor and control project work. PMBOK6- Manage Quality- P-295 ‘’Quality audits can confirm the implementat...
by KaurP
Thu Aug 30, 2018 9:41 am
Forum: PMP® Queries and Tips
Topic: Project lifecycle
Replies: 4
Views: 103

Re: Project lifecycle

A project life cycle is generally contained within a product life cycle. Within a project life cycle, there are generally one or more phases that are associated with the development of the product, service, or result. These are called a development life cycle of a project. These Development lifecycl...
by KaurP
Thu Aug 30, 2018 9:35 am
Forum: PMP® Queries and Tips
Topic: Schedule
Replies: 3
Views: 84

Re: Schedule

Option 'A' was marked as the correct answer.

Waiting for response from Manish as well to understand this better.
by KaurP
Thu Aug 30, 2018 9:31 am
Forum: PMP® Queries and Tips
Topic: Planning
Replies: 2
Views: 97

Re: Planning

No explanation was given for this one so I thought of checking with you.
by KaurP
Wed Aug 29, 2018 8:10 pm
Forum: PMP® Queries and Tips
Topic: Estimates
Replies: 3
Views: 133

Estimates

Hi Manish, Can you tell me how this has been calculated- 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 expect...
by KaurP
Wed Aug 29, 2018 3:26 pm
Forum: PMP® Queries and Tips
Topic: Schedule
Replies: 3
Views: 84

Schedule

Hi Manish, 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 usi...
by KaurP
Wed Aug 29, 2018 2:22 pm
Forum: PMP® Queries and Tips
Topic: Project cancellation
Replies: 2
Views: 76

Project cancellation

Hi Manish, Please help me with this question- You were promoted as a project manager because you were a best performer of your team. You took over a project midway as the previously assigned project manager resigned without any prior notice. While you were in the process of getting familiar with the...
by KaurP
Wed Aug 29, 2018 10:30 am
Forum: PMP® Queries and Tips
Topic: Kick off meetings
Replies: 1
Views: 62

Kick off meetings

Hi Manish, The project kick-off meeting is usually associated with the end of planning and the start of executing . Its purpose is to communicate the objectives of the project, gain the commitment of the team for the project, and explain the roles and responsibilities of each stakeholder. The kick-o...
by KaurP
Tue Aug 28, 2018 8:10 pm
Forum: PMP® Queries and Tips
Topic: Contract
Replies: 2
Views: 98

Contract

Since the buyer could not meet the requirements of the contract, you (the seller) want to terminate the contract early. This is done in the: Choice 1. Plan Procurement Management process Choice 2. Control Procurements process Choice 3. Conduct Procurements process Choice 4. Monitoring and Controllin...
by KaurP
Sun Aug 26, 2018 8:45 pm
Forum: PMP® Queries and Tips
Topic: Lesons Learned
Replies: 1
Views: 78

Lesons Learned

Hi Manish, Who would be involved in creation of lessons learned throughout of project lifeycyle? A. Team members B. Stakeholders C. Management of performing organization D. Project Office People who work on a project can capture the lessons better than other stakeholders. I think its the team member...
by KaurP
Sun Aug 26, 2018 7:08 pm
Forum: PMP® Queries and Tips
Topic: Role of PM
Replies: 1
Views: 81

Role of PM

Expert power is the power that comes from the amount of knowledge a person has obtained in a specific area. This type of power is: A. Critical to a project manager because the PM has to have as much or more knowledge than any of the team members to make sure the project is completed successfully B. ...
by KaurP
Sun Aug 26, 2018 6:33 pm
Forum: PMP® Queries and Tips
Topic: Project phase
Replies: 1
Views: 72

Project phase

Each project phase is marked by completion of one or more:

Tasks.
Milestones
Deliverables
Life cycles

Answer can be a milestone or a deliverable. Isn't it?
by KaurP
Sun Aug 26, 2018 5:46 pm
Forum: PMP® Queries and Tips
Topic: Corrective or preventive actions
Replies: 4
Views: 173

Re: Corrective or preventive actions

Preventive action for question 1 and recommended corrective actions for question 2nd?
by KaurP
Sun Aug 26, 2018 12:25 pm
Forum: PMP® Queries and Tips
Topic: Planning
Replies: 2
Views: 97

Planning

Hi Manish, You are managing a software development project. The project will involve working with a remote team. One of the requirements is to set up a secure communication link. The lead-time to setup the link is 45 days. Since the initial phase of the project involves requirements gathering, you f...
by KaurP
Sun Aug 26, 2018 9:25 am
Forum: PMP® Queries and Tips
Topic: Project lifecycle
Replies: 4
Views: 103

Project lifecycle

Hi Manish, Which of these statement correctly links project and product life cycles? A. A product life cycle is generally contained within a project life cycle. B. A project life cycle is generally contained within a product life cycle. C. A product life cycle is the same as a project life cycle. D....
by KaurP
Fri Aug 24, 2018 2:05 pm
Forum: PMP® Queries and Tips
Topic: IRR
Replies: 1
Views: 84

IRR

Hi Manish, Based on the information provided below, which project would you recommend pursuing? Project I, with BCR (Benefit Cost ratio) of 1:1.6; Project II, with NPV of US $ 500,000; Project III, with IRR (Internal rate of return) of 15% Project IV, with opportunity cost of US $ 500,000. A. Projec...
by KaurP
Thu Aug 23, 2018 2:54 pm
Forum: PMP® Queries and Tips
Topic: Corrective or preventive actions
Replies: 4
Views: 173

Re: Corrective or preventive actions

Awaiting your response.
by KaurP
Thu Aug 23, 2018 2:53 pm
Forum: PMP® Queries and Tips
Topic: Rewards & Recognitions
Replies: 2
Views: 105

Re: Rewards & Recognitions

Awaiting response.
by KaurP
Tue Aug 21, 2018 12:54 pm
Forum: PMP® Queries and Tips
Topic: Corrective or preventive actions
Replies: 4
Views: 173

Corrective or preventive actions

Hi Manish, Which of the following change requests can bring expected future performance of the project work in line with the project management plan? A. Corrective action B. Defect repair C. Preventive action D. Probable action A consultant has been reviewing outputs that resulted from carrying out ...
by KaurP
Tue Aug 21, 2018 11:55 am
Forum: PMP® Queries and Tips
Topic: Rewards & Recognitions
Replies: 2
Views: 105

Rewards & Recognitions

9.4.2.5 RECOGNITION AND REWARDS (PMBOK 6)- The original plan for rewarding people is developed during the Plan Resource Management process. 'Reward decisions are made, formally or informally, during the process of managing the project team' We see that 'Rewards and Recognition' is a tool of 'Develop...
by KaurP
Sat Aug 18, 2018 12:03 pm
Forum: PMP® Queries and Tips
Topic: Contract type
Replies: 1
Views: 138

Contract type

Your project issued a purchase order for computer hardware to be delivered at the end of the month. The unit cost is based on the manufacturer’s suggested retail price. The purchase order includes an incentive for early delivery. This is an example of a contract. A. Fixed-price B. Cost-reimbursable ...
by KaurP
Sat Aug 18, 2018 10:50 am
Forum: PMP® Queries and Tips
Topic: Corrective actions
Replies: 5
Views: 363

Re: Corrective actions

We check the baseline variance in almost all the M&C processes.
Controlling requires evaluating WPD again Project Mgmt. Plan and taking action to control the variance.

Will Control Quality or Monitor and Control Project Work be an answer to the give question?
by KaurP
Fri Aug 17, 2018 5:52 pm
Forum: PMP® Queries and Tips
Topic: Project closure
Replies: 1
Views: 115

Project closure

Project deliverables have been validated and accepted by the customer and now sponsor has asked the Project Manager to close the project. Project manager needs to ensure all the procurements are closed before he can start closing a project. Which statement best describe the difference between a Proc...
by KaurP
Fri Aug 17, 2018 5:35 pm
Forum: PMP® Queries and Tips
Topic: contract related
Replies: 3
Views: 162

Re: contract related

I will go with option D.
by KaurP
Fri Aug 17, 2018 2:09 pm
Forum: PMP® Queries and Tips
Topic: change
Replies: 1
Views: 99

change

Project Manager worked very hard and finally been able to finish his project on time and under budget. Project deliverable has already been accepted by the customer. Everybody is excited that now this project is going to be closed. Next day customer approaches the PM and asks to do some change in th...
by KaurP
Fri Aug 17, 2018 2:05 pm
Forum: PMP® Queries and Tips
Topic: contract related
Replies: 3
Views: 162

contract related

Training to the customer was provided regarding the deliverable of the project. Project is almost finished and deliverable has been accepted. Customer wants the module or written training content, which was not included in the contract. What should you do? A. Tell customer that as it will take time ...
by KaurP
Wed Aug 15, 2018 7:45 pm
Forum: PMP® Queries and Tips
Topic: Closing
Replies: 1
Views: 188

Closing

You were working on a project that consisted of five major phases: analysis, design, development, testing, and implementation. The testing phase failed to meet the project sponsor’s expectations. Because of that failure, the sponsor canceled the project and you were asked to perform a closing proced...
by KaurP
Wed Aug 15, 2018 5:42 pm
Forum: PMP® Queries and Tips
Topic: Project management audit
Replies: 4
Views: 481

Re: Project management audit

In that thread there was a same question with a slight different options, asking which is NOT true considering below option true. '' Projects should never be executed without a valid, updated and working project management plan'' It seems this question has been framed incorrectly. No explanation has...
by KaurP
Wed Aug 15, 2018 5:27 pm
Forum: PMP® Queries and Tips
Topic: Corrective actions
Replies: 5
Views: 363

Re: Corrective actions

Not sure if I have understood you correctly--

''....Control quality will check if the repaired deliverable meets the requirement''

You mean to say that only defect repair (approved change requests) go to Control Quality process not approved corrective and preventive actions?
by KaurP
Wed Aug 15, 2018 11:59 am
Forum: PMP® Queries and Tips
Topic: Quality Management
Replies: 1
Views: 182

Quality Management

While monitoring the project work, Project Manager found some errors in project deliverables. Which category these errors will fall into? 
A. Organization B. Project Management C. Technical D. Internal I think it would be either Technical or Internal. If I consider it to be an internal failure issue...
by KaurP
Wed Aug 15, 2018 9:43 am
Forum: PMP® Queries and Tips
Topic: Corrective actions
Replies: 5
Views: 363

Corrective actions

There were few change requests raised which resulted in corrected actions. All corrective actions must be implemented in Direct and manage project work. Which process does the effectiveness of implemented corrective actions gets evaluated: A. Direct and manage Project Work B. Monitor and Control Pro...
by KaurP
Tue Aug 14, 2018 2:49 pm
Forum: PMP® Queries and Tips
Topic: Process groups
Replies: 1
Views: 117

Process groups

All of the following are characteristics of Project Management Process Groups EXCEPT : A. Project Management Process Groups are linked by the outputs they produce. B. The Process Groups are seldom either discrete or one-time events; they are overlapping activities that occur throughout the project. ...
by KaurP
Tue Aug 14, 2018 2:27 pm
Forum: PMP® Queries and Tips
Topic: Organisation type
Replies: 1
Views: 128

Organisation type

The project manager has the lowest level of authority in a _______________ organization: A. Functional marked as correct B. Weak matrix C. Strong matrix D. Projectized Rita 9- PM's role in weak matrix and functional organization might be that of Project Expeditor and Coordinator. PMNOK6- PM authorit...
by KaurP
Tue Aug 14, 2018 8:44 am
Forum: PMP® Queries and Tips
Topic: control procurement
Replies: 3
Views: 223

Re: control procurement

I am trying to figure out what all Procurement related actives PMBOK6 is referring to which fall under Close Project or Phase process. X1.20 SECTION 12—PROJECT PROCUREMENT MANAGEMENT CHANGES Market research shows that very few project managers actually close out procurements. Someone in contracts, p...
by KaurP
Tue Aug 14, 2018 5:23 am
Forum: PMP® Queries and Tips
Topic: Procurement Mgmt
Replies: 2
Views: 153

Re: Procurement Mgmt

Hi Manish, Can you please help me choose the right answer to this question- Deliverables have been verified and accepted by the customer and now sponsor has asked the Project Manager to close the project. Project manager needs to ensure all the procurements are closed before he can start closing a p...
by KaurP
Mon Aug 13, 2018 11:59 am
Forum: PMP® Queries and Tips
Topic: control procurement
Replies: 3
Views: 223

control procurement

With PMBOK6 Close procurement has been moved from close project or phase to control procurement and that to from a process to an output this time. I assume that activities of close procurement still remains the same. The only difference seem to be is that those activities have been moved under Contr...
by KaurP
Mon Aug 13, 2018 6:31 am
Forum: PMP® Queries and Tips
Topic: Procurement Mgmt
Replies: 2
Views: 153

Procurement Mgmt

Six months after you formally closed an office relocation project, you receive a phone call from a collection agency indicating that your company refuses to pay the invoices of one of the vendors. What would be the best course of action for you to take? A. Revisit the Close Procurements process of t...
by KaurP
Sun Aug 12, 2018 6:07 pm
Forum: PMP® Queries and Tips
Topic: Resource Mgmt
Replies: 1
Views: 90

Resource Mgmt

After creating network diagram PM estimate resource requirement (type and quantity needed for the activities) and then estimate activity and cost durations. PM does check the resource availability (Resource Calendar) while performing Estimate Activity Resource process as it affects the project sched...
by KaurP
Sun Aug 12, 2018 10:17 am
Forum: PMP® Queries and Tips
Topic: Stakeholder Engagement Plan-Quampus Q correction
Replies: 0
Views: 89

Stakeholder Engagement Plan-Quampus Q correction

Question 27 The stakeholder engagement plan is a component of the project management plan and identifies the management strategies required to effectively engage stakeholders, which of the following information is expected to be available in Stakeholder Engagement Plan? Organizational Position of St...
by KaurP
Sun Aug 12, 2018 8:13 am
Forum: PMP® Queries and Tips
Topic: Procurement Mgmt
Replies: 1
Views: 139

Procurement Mgmt

Q34 from Rita 9th edition- The 80,000 contract specifies that the seller will bill the buyer at 10,000 per month. Seller completed the project work faster than planned. Therefore, they bill the buyer for 15,000 for the work performed in the last month. The buyer should- A. Send a breech of contract ...
by KaurP
Fri Aug 10, 2018 7:48 pm
Forum: PMP® Queries and Tips
Topic: Project Funding Requirements
Replies: 1
Views: 106

Project Funding Requirements

Which of the following statements are FALSE regarding project funding requirements? A. Funding requirements are derived from cost baselines B. Portions of management reserve can be include in each funding step C. The total funds required are the cost baseline plus the management contingency reserve ...
by KaurP
Fri Aug 10, 2018 7:31 pm
Forum: PMP® Queries and Tips
Topic: Resource Mgmt
Replies: 3
Views: 173

Re: Resource Mgmt

This is not izenbridge question. By Human Resource Mgmt Plan in question we mean 'Resource Mgmt Plan' as the name has been modified now. By your reply it seems option 1 should be the correct answer of this question- HR plan specified how resources will be utilized . - as per PMBOK 6 Answer to the qu...
by KaurP
Fri Aug 10, 2018 6:15 pm
Forum: PMP® Queries and Tips
Topic: Contracts
Replies: 1
Views: 72

Contracts

What similarity exists between a cost-reimbursable contract and a time and material contract? A. They are open ended . B. The closure date is part of the contract. C. They have fixed bonus rates. D. They can never grow in value. Can you please explain what are open ended contracts in reference to os...
by KaurP
Fri Aug 10, 2018 5:16 pm
Forum: PMP® Queries and Tips
Topic: Stakeholder Engagement
Replies: 1
Views: 95

Stakeholder Engagement

Please help me with the answer- Jane is managing an office refurbishment project. All of the project stakeholders have been identified and classified. The stakeholder management plan has also been approved. Jane is managing a project for the first time in her life and she is relying on the PMBOK gui...
by KaurP
Fri Aug 10, 2018 10:12 am
Forum: PMP® Queries and Tips
Topic: WBS
Replies: 1
Views: 93

WBS

Hi Manish, Can you help me finding the right answer to this one along with a reason- You are decomposing your WBS into smaller pieces of work. What is one item that does NOT describe how far the work should be decomposed? A. Until it can be realistically estimated B. Can’t be subdivided any further ...
by KaurP
Fri Aug 10, 2018 8:51 am
Forum: PMP® Queries and Tips
Topic: Cost
Replies: 1
Views: 92

Cost

Costs incurred in one area of a project can offset costs in another area of the same project. However, it is not the best practice to consider only the costs of project execution when making project decisions. What must also be considered? A. Costs of non-conformance B. Planning costs C. Operating c...
by KaurP
Thu Aug 09, 2018 1:28 pm
Forum: PMP® Queries and Tips
Topic: Lessons learned
Replies: 1
Views: 160

Lessons learned

Due to a tight project schedule, a project manager did not document lessons learned all through the project. However, at the end of the project, he finally documented the lessons learned. Your comment on this would be: A. This is ok. At a minimum, lessons learned should be documented at the end of t...
by KaurP
Wed Aug 08, 2018 11:45 am
Forum: PMP® Queries and Tips
Topic: Project phases
Replies: 3
Views: 278

Re: Project phases

by KaurP
Mon Aug 06, 2018 12:20 pm
Forum: PMP® Queries and Tips
Topic: Project phases
Replies: 3
Views: 278

Project phases

You are using a phase gate approach for your project. What do you need to consider? o The order of phases must be strictly consecutive without overlapping in order to allow for gates. Marked as correct. o Gates are often called kill points, when they are used to eliminate weak team members. o Phase ...

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