Search found 1901 matches

by manishpn
Sat Aug 25, 2018 4:26 pm
Forum: PMP® Queries and Tips
Topic: Corrective or preventive actions
Replies: 4
Views: 648

Re: Corrective or preventive actions

Hi Manish, we need to understand the difference between corrective and preventive action A corrective action deals with a nonconformity/variance that has occurred, and a preventive action addresses the potential for a nonconformity/variance to occur. Which of the following change requests can bring...
by manishpn
Sat Aug 25, 2018 4:17 pm
Forum: PMP® Queries and Tips
Topic: IRR
Replies: 1
Views: 511

Re: 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. Proje...
by manishpn
Sat Aug 25, 2018 4:09 pm
Forum: PMP® Queries and Tips
Topic: Rewards & Recognitions
Replies: 2
Views: 539

Re: 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 'Develo...
by manishpn
Sat Aug 25, 2018 3:45 pm
Forum: PMP® Queries and Tips
Topic: Corrective actions
Replies: 5
Views: 1099

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? we discussed in the clarification s...
by manishpn
Sat Aug 25, 2018 3:43 pm
Forum: PMP® Queries and Tips
Topic: Project closure
Replies: 1
Views: 535

Re: 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 Pro...
by manishpn
Sat Aug 25, 2018 3:37 pm
Forum: PMP® Queries and Tips
Topic: change
Replies: 1
Views: 501

Re: 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 t...
by manishpn
Mon Aug 20, 2018 6:11 am
Forum: PMP® Queries and Tips
Topic: Contract type
Replies: 1
Views: 459

Re: Contract type

initial PO does not have incentive fees ...
by manishpn
Fri Aug 17, 2018 8:33 pm
Forum: PMP® Queries and Tips
Topic: contract related
Replies: 3
Views: 566

Re: contract related

remember that whenever a contract is involved, that contract is a legal document and any change to it has to go through a formal change.
so if a change in contract scope is requested it has to go through formal process.
option C is the right choice
by manishpn
Fri Aug 17, 2018 4:36 pm
Forum: PMP® Queries and Tips
Topic: contract related
Replies: 3
Views: 566

Re: 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 manishpn
Fri Aug 17, 2018 4:30 pm
Forum: PMP® Queries and Tips
Topic: Closing
Replies: 1
Views: 540

Re: 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 proce...
by manishpn
Wed Aug 15, 2018 7:53 pm
Forum: PMP® Queries and Tips
Topic: Corrective actions
Replies: 5
Views: 1099

Re: Corrective actions

approved CR does not necessary rectify a defective product,
corrective actions are more to bring project back on track
by manishpn
Wed Aug 15, 2018 7:28 pm
Forum: PMP® Queries and Tips
Topic: Quality Management
Replies: 1
Views: 512

Re: Quality Management

im not sure if error categories are terms in PMBOK
by manishpn
Wed Aug 15, 2018 3:44 pm
Forum: PMP® Queries and Tips
Topic: Corrective actions
Replies: 5
Views: 1099

Re: 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 Pr...
by manishpn
Wed Aug 15, 2018 6:46 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Passed PMP Exam Today - 1st Attempt
Replies: 3
Views: 1567

Re: Passed PMP Exam Today - 1st Attempt

congratulations and thanks for sharing, can also mention about the types and complexity of questions in exam and how many agile questions did you encounter?
by manishpn
Tue Aug 14, 2018 7:42 pm
Forum: PMP® Queries and Tips
Topic: Organisation type
Replies: 1
Views: 389

Re: 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 authori...
by manishpn
Tue Aug 14, 2018 7:35 pm
Forum: PMP® Queries and Tips
Topic: Process groups
Replies: 1
Views: 461

Re: 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 manishpn
Tue Aug 14, 2018 7:21 pm
Forum: PMP® Queries and Tips
Topic: Scope Management
Replies: 7
Views: 1648

Re: Scope Management

the idea behind the question it to tell students that Project management plan is built iteratively, so not all subsidiaries are in initial versions of PMP
by manishpn
Tue Aug 14, 2018 7:18 pm
Forum: PMP® Queries and Tips
Topic: control procurement
Replies: 3
Views: 705

Re: control procurement

hi its difficult to keep in exchanging and read long notes, i would recommend you watch Sakets videos to clear your generic doubts, and come up with precise queries on the forum , alternatively you can attend the clarification session and we can discuss
by manishpn
Mon Aug 13, 2018 7:33 pm
Forum: PMP® Queries and Tips
Topic: Scope Management
Replies: 7
Views: 1648

Re: Scope Management

not sure what is the query?

did you read the explanation provided?
by manishpn
Mon Aug 13, 2018 7:31 pm
Forum: PMP® Queries and Tips
Topic: control procurement
Replies: 3
Views: 705

Re: 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 Cont...
by manishpn
Mon Aug 13, 2018 10:17 am
Forum: PMP® Queries and Tips
Topic: Procurement Mgmt
Replies: 2
Views: 560

Re: 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 ...
by manishpn
Sun Aug 12, 2018 7:02 pm
Forum: PMP® Queries and Tips
Topic: Procurement Mgmt
Replies: 1
Views: 407

Re: 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 manishpn
Sun Aug 12, 2018 6:49 pm
Forum: PMP® Queries and Tips
Topic: Resource Mgmt
Replies: 1
Views: 364

Re: Resource Mgmt

Not all inputs and all T and T are used in the first pass of the process. when creating SND for the first time, the resource requirement are estimated but when actual resources are identified based on the availability and competance the SND will be optimized for e.g : to complete a WEB page PM estim...
by manishpn
Sat Aug 11, 2018 2:25 pm
Forum: PMP® Queries and Tips
Topic: Lessons learned
Replies: 2
Views: 540

Re: 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 ...
by manishpn
Sat Aug 11, 2018 2:20 pm
Forum: PMP® Queries and Tips
Topic: Cost
Replies: 1
Views: 458

Re: Cost

bad quality question , whats the source?
by manishpn
Sat Aug 11, 2018 2:19 pm
Forum: PMP® Queries and Tips
Topic: WBS
Replies: 1
Views: 396

Re: 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 manishpn
Sat Aug 11, 2018 2:13 pm
Forum: PMP® Queries and Tips
Topic: Stakeholder Engagement
Replies: 1
Views: 515

Re: 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 gu...
by manishpn
Sat Aug 11, 2018 2:07 pm
Forum: PMP® Queries and Tips
Topic: Contracts
Replies: 1
Views: 401

Re: 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 o...
by manishpn
Sat Aug 11, 2018 1:54 pm
Forum: PMP® Queries and Tips
Topic: Resource Mgmt
Replies: 3
Views: 564

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- option 1nd 2 both are correct HR plan specified how resources will be utilized . - ...
by manishpn
Sat Aug 11, 2018 1:51 pm
Forum: PMP® Queries and Tips
Topic: Project Funding Requirements
Replies: 1
Views: 438

Re: 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 manishpn
Fri Aug 10, 2018 8:16 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Passed PMP - First Attempt - around 50 Days Study !
Replies: 3
Views: 1815

Re: Passed PMP - First Attempt - around 50 Days Study !

Congratulations and well deserved, w.r.t our Mocks : First Mock is intended to be on tougher side to ensure that our students are well prepared. Also note that PMI keeps changing its exam question pattern every few months , some months before questions were very lengthy and same can happen in future...
by manishpn
Thu Aug 09, 2018 12:25 pm
Forum: PMP® Queries and Tips
Topic: Project phases
Replies: 3
Views: 780

Re: Project phases

I would disagree with that statement, phases can overlap
by manishpn
Tue Aug 07, 2018 6:31 pm
Forum: PMP® Queries and Tips
Topic: Cost Mgmt
Replies: 2
Views: 432

Re: Cost Mgmt

Hi Manish, I need your assistance in reference to this question- _______ are not necessarily used to establish the cost baseline of a project. o Schedule activity or work package cost estimates o The work breakdown structure and WBS dictionary o The project schedule and resource calendars. o The ri...
by manishpn
Tue Aug 07, 2018 6:23 pm
Forum: PMP® Queries and Tips
Topic: Cost Mgmt
Replies: 2
Views: 432

Re: Cost Mgmt

Hi Manish, I need your assistance in reference to this question- _______ are not necessarily used to establish the cost baseline of a project. o Schedule activity or work package cost estimates o The work breakdown structure and WBS dictionary o The project schedule and resource calendars. o The ri...
by manishpn
Tue Aug 07, 2018 5:55 pm
Forum: PMP® Queries and Tips
Topic: PERT
Replies: 1
Views: 383

Re: PERT

This question from Oliver is quiet controversial, I am not an expert in statistics but us has been debated a lot. Since almost all Math questions in exam are nowadays very simple you should not spend a lot of time on such questions Data given is P = O for Activity 1 is 18 & Activity 2 is 24. let...
by manishpn
Tue Aug 07, 2018 5:32 pm
Forum: PMP® Queries and Tips
Topic: EVM
Replies: 1
Views: 489

Re: EVM

typical variance
ETC = Work remaining / Cost performance indicator

ETC = (BAC – EV) / CPI
= 1000000/0.833
= 1200000

EAC = AC + EAC
= 120000+120000
by manishpn
Tue Aug 07, 2018 5:01 pm
Forum: PMP® Queries and Tips
Topic: Project phases
Replies: 3
Views: 780

Re: Project phases

what mock are your referring to ?
by manishpn
Mon Aug 06, 2018 11:00 am
Forum: PMP® Queries and Tips
Topic: Project management audit
Replies: 4
Views: 1141

Re: Project management audit

ok so does this solve your query?
by manishpn
Fri Aug 03, 2018 6:37 pm
Forum: PMP® Open Forum
Topic: Fast Tracking
Replies: 8
Views: 2940

Re: Fast Tracking

Questions without a logic does not come in Exam,

look at crashing definition in PMBOK, its a schedule shortening technique,

I would not spend time on such questions which are of not good quality
by manishpn
Fri Aug 03, 2018 6:35 pm
Forum: PMP® Queries and Tips
Topic: Project management audit
Replies: 4
Views: 1141

Re: Project management audit

to be honest I do not understand the question and its quality. I think maybe question asks which option is not true. What is the source and what is the explanation provided for option C Hi Manish, Can you please explain why option A cannot be correct in this case? The Project Management Office (PMO)...
by manishpn
Sun Jul 29, 2018 6:25 pm
Forum: PMP® Queries and Tips
Topic: Stakeholder Mgmt
Replies: 1
Views: 510

Re: Stakeholder Mgmt

you are correct, is this izenbridge question then it has to be rectified
by manishpn
Sun Jul 29, 2018 6:24 pm
Forum: PMP® Queries and Tips
Topic: Resource Mgmt
Replies: 3
Views: 564

Re: Resource Mgmt

we dont have human resource management plan anymore n PMBOK6

resource management plan mentions how resources in the project will be estimated, acquired, managed and used/utilized.

if this is Izenbridge question it has to be rectified
by manishpn
Sun Jul 29, 2018 6:19 pm
Forum: PMP® Queries and Tips
Topic: Procurement Mgmt
Replies: 1
Views: 547

Re: Procurement Mgmt

Why does a project procure? Sometimes to make it faster (Schedule) If project lacks competence to deliver a certain part of project (Scope) and also it is done sometimes if the budget is constrained and PM needs to look at cheaper alternatives (Budget) So procurement may be done for all above 3 reas...
by manishpn
Sun Jul 29, 2018 6:15 pm
Forum: PMP® Queries and Tips
Topic: Scope validation
Replies: 1
Views: 614

Re: Scope validation

not sure what the issues is?
Project is not run for any individuals satisfaction, satisfaction i subjective,
The deliverable have to be compared to tangible project requirements
by manishpn
Sun Jul 29, 2018 6:13 pm
Forum: PMP® Exam Lessons – Success Stories
Topic: Hurray...!! Finally passed PMP exam on 29/07/2018 ..!
Replies: 3
Views: 1250

Re: Hurray...!! Finally passed PMP exam on 29/07/2018 ..!

congratulations on your success, enjoy it

How many questions did you find on Agile and on trends.
by manishpn
Wed Jul 25, 2018 10:12 am
Forum: PMP® Open Forum
Topic: Closing Process Group Question
Replies: 4
Views: 1749

Re: Closing Process Group Question

Please let me know the correct order/steps in the closing process. As per one website, the order is: 1. Confirm that all the requirements have been met as per the PMP 2. Close Procurements. Within this process, multiple action are involved such as: 2.a. Verify the product. 2.b. Issue formal accepta...
by manishpn
Wed Jul 25, 2018 10:04 am
Forum: PMP® Open Forum
Topic: Fast Tracking
Replies: 8
Views: 2940

Re: Fast Tracking

crashing is also done to compress the schedule, so i would not spend more time on such questions
by manishpn
Wed Jul 18, 2018 3:38 pm
Forum: PMP® Queries and Tips
Topic: EVM Question
Replies: 1
Views: 874

Re: EVM Question

they have used AC + (BAC - EV) formula, used when variance is atypical
however as thumb rule if nothing is explicitly mentioned we should assume variance is typical

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