Search found 1896 matches

by manishpn
Mon Oct 26, 2015 7:18 am
Forum: PMP® Open Forum
Topic: Need inputs on this question
Replies: 5
Views: 1201

Re: Need inputs on this question

Hi Thiru,

Schedule compression cannot gaurentee you lesse critical paths, besides it adds to risk and cost as well
by manishpn
Mon Oct 26, 2015 7:16 am
Forum: PMP® Open Forum
Topic: test-expl-2
Replies: 3
Views: 968

Re: test-expl-2

Hi Atul,

I am not sure what your question is
by manishpn
Mon Oct 26, 2015 4:52 am
Forum: PMP® Open Forum
Topic: Confusion between unknown risk & issue.
Replies: 25
Views: 8958

Re: Confusion between unknown risk & issue.

we all have some confusion on few terms but look at overall score, if that consistently good, you should not worry on minor hiccups.
by manishpn
Sun Oct 25, 2015 8:27 pm
Forum: PMP® Exam Lessons – Success Stories
Topic: Cleared PMP Exam 24 Oct 2015
Replies: 17
Views: 4501

Re: Cleared PMP Exam 24 Oct 2015

Hi Vivek

Very happy for you. I knew you were already ready and you proved it:)

Congratulations and enjoy your moment
by manishpn
Sun Oct 25, 2015 8:23 pm
Forum: PMP® Open Forum
Topic: Confusion between unknown risk & issue.
Replies: 25
Views: 8958

Re: Confusion between unknown risk & issue.

ujjal , vivek based on quality of your response I think you shud plan soon, delaying it will not help as its not easy to sustain tempo for long duration
by manishpn
Fri Oct 23, 2015 5:09 pm
Forum: PMP® Open Forum
Topic: Stake Holder and Sponsor
Replies: 9
Views: 2078

Re: Stake Holder and Sponsor

As I said neither 1 or 4 is correct :) but if I'm forced to choose #1 is answer
by manishpn
Fri Oct 23, 2015 2:14 pm
Forum: PMP® Open Forum
Topic: why i have to Update PMplan in interated change CTRl process
Replies: 11
Views: 2586

Re: why i have to Update PMplan in interated change CTRl pro

Think about it this is simple.
I would allow other participants to help you :)
by manishpn
Fri Oct 23, 2015 1:03 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 45th Question
Replies: 6
Views: 3315

Re: 45 of q175 oliver

Delta is basically referred to difference between two versions

so for example of you have a file v 1.0 and you modify the file to v 1.1, then difference between two version of file is called a delta between v 1.0 and 1.1
by manishpn
Fri Oct 23, 2015 12:41 pm
Forum: PMP® Open Forum
Topic: Stake Holder and Sponsor
Replies: 9
Views: 2078

Re: Stake Holder and Sponsor

Option #1, its high level responsibility of Sponsor to consider risk tolerance before approving project/project charter, while customer is not responsible for it. (PM has to consider details about risk tolerance when planning project) option #4 : Sponsor is definitely responsible while customer may ...
by manishpn
Fri Oct 23, 2015 9:00 am
Forum: PMP® Open Forum
Topic: best way to take notes before the exam
Replies: 6
Views: 1565

Re: best way to take notes before the exam

Use this opportunity to brain dump whatever you have memorized - formula, tricky terms, or sequence
It is observed that things that one memorizes, they tend to forget under stress , so its handy reference when are in mid of exam questions
by manishpn
Thu Oct 22, 2015 11:46 am
Forum: PMP® Open Forum
Topic: procurement management
Replies: 7
Views: 1734

Re: procurement management

Decisions made in developing the procurement management plan may have least influence on …….. What does procurement management plan primarily contains - decisions and criteria for make or buy Risk Management Plan - Engaging an external vendor is a risk (positive or negative) and that needs to be han...
by manishpn
Thu Oct 22, 2015 10:36 am
Forum: PMP® Open Forum
Topic: izenbridge question
Replies: 7
Views: 1916

Re: izenbridge question

politics is example of risk , but PM is not doing any specific risk identification based on the situation in the question.
by manishpn
Tue Oct 20, 2015 5:56 pm
Forum: PMP® Open Forum
Topic: ROM
Replies: 3
Views: 1617

Re: ROM

please post 1 thread for 1 question
by manishpn
Tue Oct 20, 2015 6:17 am
Forum: PMP® Open Forum
Topic: Risk Management- Quantitative
Replies: 13
Views: 2509

Re: Risk Management- Quantitative

very informative debate thanks :)
by manishpn
Mon Oct 19, 2015 5:59 pm
Forum: PMP® Open Forum
Topic: Process Group Score
Replies: 11
Views: 3045

Re: Process Group Score

execution - pls focus more on HR management, Quality, integration, procurement, It Should help
by manishpn
Mon Oct 19, 2015 5:54 pm
Forum: PMP® Open Forum
Topic: Theory based questions
Replies: 7
Views: 2930

Re: Theory based questions

you may expect one question .. if you have time, memorizing is not a bad option.
by manishpn
Mon Oct 19, 2015 9:37 am
Forum: PMP® Open Forum
Topic: EAC formula
Replies: 3
Views: 1358

Re: EAC formula

you use AC+ETC when you have erroneous baseline and needs to be re estimated
by manishpn
Sun Oct 18, 2015 7:55 pm
Forum: PMP® Open Forum
Topic: SPI
Replies: 3
Views: 1351

Re: SPI

there are many discussions in this regards before to reply in short SPI = EV/PV , at the end of project (eve if there is schedule slippage) earned value of project will always be PV, hence SPI = 1
by manishpn
Sun Oct 18, 2015 9:46 am
Forum: PMP® Open Forum
Topic: PROJECT LIFE CYCLE
Replies: 5
Views: 1475

Re: PROJECT LIFE CYCLE

milestone, refer to 2.4.2 for all relevant terms
by manishpn
Sun Oct 18, 2015 9:32 am
Forum: PMP® Open Forum
Topic: Stakeholder involvement
Replies: 12
Views: 3281

Re: Stakeholder involvement

Hi yes your first part of statement is right however if you have many stakeholders it makes no sense to invite them to project status meeting because - project status meeting happens to frequently usually once in week or more - stakeholders do not have time/ and/or are not interested to know details...
by manishpn
Sun Oct 18, 2015 7:23 am
Forum: PMP® Open Forum
Topic: Stakeholder involvement
Replies: 12
Views: 3281

Re: Stakeholder involvement

We can all debate but in my world no single option provided is best fit in all situations, I will give my view on all options provided, but if i had to select one I have to go with option #1 as best fit from all 4 options given a. Have the stakeholders periodically review the list of requirements - ...
by manishpn
Sun Oct 18, 2015 7:08 am
Forum: PMP® Open Forum
Topic: Interesting question
Replies: 4
Views: 1620

Re: Interesting question

from choices given, #3 is best fit though its not ideal choice for scenario mentioned in question
by manishpn
Sun Oct 18, 2015 7:05 am
Forum: PMP® Open Forum
Topic: benefit cost ratio
Replies: 7
Views: 2147

Re: benefit cost ratio

ratios can also be negative there are many financial reports where you will see negative ratio its not uncommon in financial world.
by manishpn
Sat Oct 17, 2015 6:51 pm
Forum: PMP® Open Forum
Topic: stakeholder
Replies: 4
Views: 1474

Re: stakeholder

PM cannot select stakeholders, they are there in each project and PM has to identify all relevant stakeholders and prepare an appropriate plan to engage with them its just like you can select your friend but you cannot select your relatives they are there you just need to find right way to interact ...
by manishpn
Sat Oct 17, 2015 2:19 pm
Forum: PMP® Open Forum
Topic: practice
Replies: 18
Views: 5654

Re: practice

whatever math is needed has to be done, if you know concepts it will be easy anyways as you will be provided with calculator in exam

refer to link below

viewtopic.php?f=3&t=2055&p=7687&hilit=David+is+a+Project+Manager+for+Construction+Company#p7687
by manishpn
Sat Oct 17, 2015 2:15 pm
Forum: PMP® Open Forum
Topic: Depreciation
Replies: 3
Views: 1459

Re: Depreciation

Hi Suhail, Standard definition of depreciation is ' the reduction in an asset's value caused by the passage of time due to use or abuse, wear and tear. Depreciation is a method of cost allocation' this is accounting fundamentals and there are regulations in each country around it Straight line depre...
by manishpn
Sat Oct 17, 2015 9:31 am
Forum: PMP® Open Forum
Topic: PERT Issue
Replies: 2
Views: 1183

Re: PERT Issue

P = worst case scenario, scenario which PM/project would not want to happen but has to still consider e.g if certain risk occurs , usually biggest number of all given M = Most likely/ a realistic scenatrio, where known risks/problems are already considered O= everything goes smooth, usually this wil...
by manishpn
Sat Oct 17, 2015 9:05 am
Forum: PMP® Open Forum
Topic: Confusion between unknown risk & issue.
Replies: 25
Views: 8958

Re: Confusion between unknown risk & issue.

yes vivek you are right but since PM does not and should ideally should not have view of management reserve figure PM need not worry how much is management reserve is reduced by as long as pm get additional budget for unknown unknown that has been identified or reoccurred :)
by manishpn
Fri Oct 16, 2015 9:32 pm
Forum: PMP® Open Forum
Topic: Confusion between unknown risk & issue.
Replies: 25
Views: 8958

Re: Confusion between unknown risk & issue.

your concept on risk and issue is right. to clarify your doubt on unknown risk. 1. project budget baseline includes reserves for known risks only. if an unknown risk is identified (not occurred) , PM should log in risk register and qualify/quantify. Based on on how much additional budget is needed f...
by manishpn
Thu Oct 15, 2015 4:25 pm
Forum: PMP® Open Forum
Topic: Need some help on these confusing terms
Replies: 3
Views: 1573

Re: Need some help on these confusing terms

Hi Please create separate thread for each question
by manishpn
Thu Oct 15, 2015 1:44 pm
Forum: PMP® Open Forum
Topic: PMBOK
Replies: 1
Views: 1032

Re: PMBOK

#1
by manishpn
Thu Oct 15, 2015 1:36 pm
Forum: PMP® Open Forum
Topic: Collect Requirements
Replies: 1
Views: 1054

Re: Collect Requirements

This has been discussed many times in many forums, OPA should be an default input to most of planning processes , however sometimes its not mentioned explicitly in PMBOK. However there is no MANDATE from PMBOK that if a given input is not mentioned in a process, PM cannot use that input. As you ment...
by manishpn
Tue Oct 13, 2015 4:46 pm
Forum: PMP® Open Forum
Topic: NPV
Replies: 15
Views: 4926

Re: NPV

Need to check in my database which is not my current laptop, this was 2 year back I think i designed it. give me some time,
by manishpn
Tue Oct 13, 2015 10:08 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 8th Question
Replies: 6
Views: 4511

Re: Oliver 175 - 8th question

agree should be #4
by manishpn
Tue Oct 13, 2015 7:45 am
Forum: PMI-ACP® Open Forum
Topic: manage major change in agile
Replies: 2
Views: 2562

Re: manage major change in agile

can you please help us understand with an example what kind of change do you refer to as major change?
by manishpn
Tue Oct 13, 2015 7:41 am
Forum: PMI-ACP® Open Forum
Topic: cost estimate for release or every for sprint
Replies: 2
Views: 2411

Re: cost estimate for release or every for sprint

It is usually done at release level for budget approval and cost tracking.
Sprint scope is agreed at start of each sprint so its not needed to estimate sprint cost before hand.

however if cost/Story point is known, sprint cost can be derived during sprint planning meeting if needed.
by manishpn
Tue Oct 13, 2015 7:37 am
Forum: PMI-ACP® Open Forum
Topic: contract type in agile
Replies: 2
Views: 2305

Re: contract type in agile

Hi, We can have different contract types in Agile, T and M may be easiest, but we can also have FP contracts which can have either Fixed Scope or Fixed Price. When you have FP contract atleast one of the 3 parameters Scope, Cost or Schedule, need to be fixed So FP contracts in Agile may be of type 1...
by manishpn
Mon Oct 12, 2015 6:25 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 37th question
Replies: 3
Views: 2595

Re: Oliver 175 - 37th question

Option #2 is best fit, however I can also go with option #4 if its easy to find other time slot and there is not much of delay
by manishpn
Mon Oct 12, 2015 6:20 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 46th question
Replies: 4
Views: 1753

Re: Oliver 175 - 46th question

Hi Thiru,

I would receomend you attempt math to gain confidence..
by manishpn
Mon Oct 12, 2015 6:17 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 80th question
Replies: 2
Views: 2061

Re: Oliver 175 - 80th question

if we go by elimination option A seems closest and best fit 80. You are assigned as a project manager for an internal project. During cost planning and budgeting you discovered that there are peak times of costs during the project and other times when costs are fairly low. What could this mean for t...
by manishpn
Mon Oct 12, 2015 6:12 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 94th question
Replies: 2
Views: 2140

Re: Oliver 175 - 94th question

usually you wont get this type but see this thread

viewtopic.php?f=3&t=287&p=936
by manishpn
Mon Oct 12, 2015 6:08 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 73rd Question
Replies: 6
Views: 2718

Re: Oliver 175 - 73rd question

viewtopic.php?f=3&t=2628&p=9497&hilit=the+likeliness+that+project+will+finish#p9497

Since I dont know what Y axis stands for , basedon the answer it looks like Y axis is probability Scale.
by manishpn
Sun Oct 11, 2015 8:59 pm
Forum: PMP® Open Forum
Topic: NPV
Replies: 15
Views: 4926

Re: NPV

again this was designed by me... You need to calculate Net Present Value as it is one of the economic model criteria. NPV is differnce between net present value of all income and net present value of all expenditure. Question provides present value of all cost and future value of all income. To calc...
by manishpn
Sun Oct 11, 2015 8:56 pm
Forum: PMP® Open Forum
Topic: Practise CPI SPI
Replies: 10
Views: 4289

Re: Practise CPI SPI

question says project is complete so don't even bother to calculate SPI it has to be 1
and total cost has increased by 10% so even without bothering about BAC or PV etc, one can calculate CPI.

this will save a lot of time in exam.
by manishpn
Sun Oct 11, 2015 8:43 pm
Forum: PMP® Open Forum
Topic: Scope Management Question
Replies: 9
Views: 2720

Re: Scope Management Question

the pointer is preliminary scope statement, so its still in WIP document, from option given B is best fit.

vivek3377 wrote:create a project scope statement.
confirm that all the stakeholders have contributed to the scope.
analyze project risk.
begin work on a project management plan
by manishpn
Sun Oct 11, 2015 8:40 pm
Forum: PMP® Open Forum
Topic: RISK sequence
Replies: 10
Views: 2410

Re: RISK sequence

All ooptions seem to be true should be D

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