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by manishpn
Sun Jul 19, 2015 4:10 pm
Forum: PMP® Open Forum
Topic: dispute on claims
Replies: 1
Views: 433

Re: dispute on claims

Most of the project managers use IPMS which includes tracking or project contract related costs. Some organizations have independent tools in finance department to take care of contract invoicing and payments. procurement negotiation " tools and tech in conduct procurement is used to negotiate ...
by manishpn
Sun Jul 19, 2015 4:06 pm
Forum: PMP® Open Forum
Topic: Close project/ phase vs Close procurement processes
Replies: 20
Views: 4569

Re: Close project/ phase vs Close procurement processes

4.Close procurement include audit, while close project does not. is closest however its not entirely true as Close project may also involve Project Audits. The only difference is Procurement Audit is more or less mandatory for procurement closure, whereas project audit is by and large optional for p...
by manishpn
Sun Jul 19, 2015 3:58 pm
Forum: PMP® Open Forum
Topic: Crashing schedule
Replies: 2
Views: 449

Re: Crashing schedule

Hi Buvam, Even if PM adds more resources he/she will still need regular quality meetings. The questions describes the scenario where PM is been asked to stop such meetings and hence the right or the FIRST thing to do is to make sure customer understands these meeting are assisting quality of deliver...
by manishpn
Sat Jul 18, 2015 10:29 am
Forum: PMP® Open Forum
Topic: Project plans?
Replies: 7
Views: 853

Re: Project plans?

There is only on Project Management plan which consists of Baseline plans (Scope, cost, Schedule) and Subsidiary plans.
by manishpn
Tue Jul 07, 2015 10:52 pm
Forum: PMP® Open Forum
Topic: Human Resource Management
Replies: 5
Views: 749

Re: Human Resource Management

Please post one question per thread.

Pre assignment is a tool and technique which is used to acquire team members in project. All other options are selection criteria related parameters which will be used to determine suitable resource for project.
by manishpn
Fri Jul 03, 2015 2:05 pm
Forum: PMP® Open Forum
Topic: Project quality management
Replies: 3
Views: 969

Re: Project quality management

The internal Quality control involves in-house procedures for continuous monitoring of operations and systematic day-to-day checking of the produced deliverable to decide whether these are reliable enough to be released internal quality check rejection - It means your deliverable/Product has been re...
by manishpn
Tue Jun 30, 2015 7:17 am
Forum: PMP® Open Forum
Topic: variable cost and indirect cost
Replies: 2
Views: 965

Re: variable cost and indirect cost

Direct Cost : the cost which can directly be allocated to Project , like resource Indirect Cost : the cost which is allocated to the project , usually infrastructure etc... Fixed Cost : One time cost which is needed to setup plant or project , example cost needed to setup plant for car manufacturing...
by manishpn
Sun Jun 28, 2015 4:04 pm
Forum: PMP® Open Forum
Topic: Reducing cost
Replies: 3
Views: 1042

Re: Reducing cost

That answer is also OK, but I see variable cost is part of direct cost.
Variable cost is widely used term but i dont see that in PMBOK as a term
by manishpn
Sun Jun 28, 2015 3:52 pm
Forum: PMP® Open Forum
Topic: EVM question
Replies: 4
Views: 1154

Re: EVM question

EVM is always measuring and reporting variance. look at PMBOK definition of EVM
by manishpn
Sun Jun 28, 2015 10:53 am
Forum: PMP® Open Forum
Topic: Reducing cost
Replies: 3
Views: 1042

Re: Reducing cost

direct and indirect costs.
by manishpn
Sun Jun 28, 2015 10:45 am
Forum: PMP® Open Forum
Topic: EVM question
Replies: 4
Views: 1154

Re: EVM question

Its project performance reporting
by manishpn
Sun Jun 28, 2015 8:01 am
Forum: PMP® Open Forum
Topic: Another query
Replies: 10
Views: 2480

Re: Another query

Hi All ,, those who think PM should meet team first, please understand that without any data if you meet team and tell customer is not happy, you will demoralize the team. question does not say team is aware that customer is not happy nor does it say it knows the reason why customer is not happy. Th...
by manishpn
Sat Jun 27, 2015 3:13 pm
Forum: PMP® Open Forum
Topic: Another query
Replies: 10
Views: 2480

Re: Another query

This will be not be available in books, the questions mentions that customer is not happy but it does not say that team is aware about the reason of unhappiness nor it is mentioned why customer is not happy. if you discuss with team you do not have any pointers or data to present to team about custo...
by manishpn
Sun Jun 21, 2015 11:08 pm
Forum: PMP® Open Forum
Topic: Ethics query
Replies: 7
Views: 2055

Re: Ethics query

First example was of security breach, second was deviating from agreed scope or work as per project plan and not an intentional security breach/threat
by manishpn
Sun Jun 21, 2015 11:04 pm
Forum: PMP® Open Forum
Topic: Question - Tool and Technique
Replies: 9
Views: 1966

Re: Question - Tool and Technique

Good discussion, I was watching this and waiting to contribute at appropriate time. Lets look at all the options Learned Value Technique Earned Value Technique Analogous Estimating Expert Judgment Confusion is with regards to 2 choices. Understand that Monitor and control project work is for entire ...
by manishpn
Sat Jun 20, 2015 11:19 am
Forum: PMP® Open Forum
Topic: communication management
Replies: 2
Views: 777

Re: communication management

by manishpn
Fri Jun 19, 2015 10:44 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Cleared PMP on June 15th-
Replies: 4
Views: 1499

Re: Cleared PMP on June 15th-

Congratulations and now party for well deserved achievement..
by manishpn
Wed Jun 17, 2015 6:22 pm
Forum: PMP® Open Forum
Topic: Risk and change mgmt association
Replies: 2
Views: 832

Re: Risk and change mgmt association

Hi Nidhi, Your question is multi fold : Risk reserve and corrective and preventive action, Contingency reserve is for risks which we are not able to have a mitigation plan and there are more ways to calculate required risk reserve besides monte carlo analysis. Risk responses are planned to reduce th...
by manishpn
Wed Jun 17, 2015 5:32 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Shukriya :)
Replies: 11
Views: 2506

Re: Shukriya :)

hi Celina congratulations
by manishpn
Tue Jun 16, 2015 7:30 pm
Forum: PMP® Open Forum
Topic: Ethics query
Replies: 7
Views: 2055

Re: Ethics query

I always mention this to students,

for PMP exam you should choose the BEST or TO DO FIRST option.

Every organization has a security department which should be first notified about security breach, all other options are steps which will be done later.
by manishpn
Tue Jun 16, 2015 7:24 pm
Forum: PMP® Open Forum
Topic: Risk Mgmt
Replies: 2
Views: 787

Re: Risk Mgmt

Hi Nidhi, Project charter is developed before detailed planning and cost estimation starts. Question mentions that project cost is already estimated. Since there is no historical information or experience within the organization with regards to this type of project work and stakes are high as its a ...
by manishpn
Tue Jun 16, 2015 11:53 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Passed PMP exam!!!
Replies: 10
Views: 2582

Re: Passed PMP exam!!!

well written will inspire many who are sitting on fence or going through this typical roller coaster ride during preparation...
by manishpn
Sun Jun 07, 2015 11:40 am
Forum: PMP® Queries and Tips
Topic: Estimate Costs Input
Replies: 1
Views: 1411

Re: Estimate Costs Input

project schedule and project project scope baseline are two different . kindly read through PMBOK glossary for definition
by manishpn
Fri May 29, 2015 7:21 am
Forum: PMP® Open Forum
Topic: Need Suggestion as Exam date in 2 weeks
Replies: 4
Views: 1038

Re: Need Suggestion as Exam date in 2 weeks

your plan for mocks is good enough, whats important is you score consistently in mocks

i would suggest do only light revision of your brain dump or cheat sheet a day before exam and relax a lot...couple of days before exam
by manishpn
Thu May 28, 2015 7:57 pm
Forum: PMP® Exam Lessons – Success Stories
Topic: Passed PMP exam!!!
Replies: 10
Views: 2582

Re: Passed PMP exam!!!

congrats Dipti
by manishpn
Wed May 27, 2015 9:36 am
Forum: PMI-ACP® Open Forum
Topic: IS REuse code = DRY?
Replies: 1
Views: 719

Re: IS REuse code = DRY?

This is violation of DRY.
DRY, among other basic principles means "no" to most instances of Copy and paste programming
by manishpn
Wed May 27, 2015 9:28 am
Forum: PMI-ACP® Open Forum
Topic: Another Estimation QUestion
Replies: 8
Views: 2317

Re: Another Estimation QUestion

.
by manishpn
Wed May 27, 2015 5:38 am
Forum: PMI-ACP® Open Forum
Topic: Estimation question
Replies: 1
Views: 651

Re: Estimation question

In Agile estimates for Stories are always provided as single estimates and not in range like traditional projects. Also note that estimate has to be derived using consensus among team , hence estimates can and should never be based on roles. for e.g if devloper works it will be 2 ideal days and if p...
by manishpn
Wed May 27, 2015 5:33 am
Forum: PMI-ACP® Open Forum
Topic: Another Estimation QUestion
Replies: 8
Views: 2317

Re: Another Estimation QUestion

Usually team is able to show increased productivity over period. i think it should be D
by manishpn
Wed May 27, 2015 5:30 am
Forum: PMI-ACP® Open Forum
Topic: USer stories
Replies: 2
Views: 922

Re: USer stories

It should usually be Customer.
But somewhere i have also read Customer is responsible along with team
by manishpn
Wed May 27, 2015 5:29 am
Forum: PMI-ACP® Open Forum
Topic: Conflict Question
Replies: 3
Views: 902

Re: Conflict Question

Crusade level 4 is extreme zone of conflict where the intent shifts from our win to your loose, its not enough that you win the focus is ensuring the other party looses. Its also referred to war.
by manishpn
Tue May 26, 2015 12:52 pm
Forum: PMP® Open Forum
Topic: Control Chart - 7 consecutive data point doubt
Replies: 2
Views: 556

Re: Control Chart - 7 consecutive data point doubt

Seven consecutive data points on either side of mean. On mean is not counted.
by manishpn
Tue May 26, 2015 8:15 am
Forum: PMP® Open Forum
Topic: Float query
Replies: 7
Views: 1453

Re: Float query

Hi,



I will try to explain it on forum over weekend.. however its best to get it clarified during our clarification session as it difficult to write explanation on forum with a SND.
by manishpn
Mon May 25, 2015 7:28 am
Forum: PMI-ACP® Open Forum
Topic: Story Point Question
Replies: 3
Views: 909

Re: Story Point Question

Velocity = number of story points per iteration or Sprint, hence a story with one story point will always contribute to one point.

Br,
Manish
by manishpn
Mon May 25, 2015 6:40 am
Forum: PMP® Open Forum
Topic: Scordo Q
Replies: 3
Views: 928

Re: Scordo Q

H

Usually Unplanned vacation or abrupt leave of key employee is risk, Option says normal vacation which is usually well planned and pre approved by PM, hence its not an risk event.

br,
Manish
by manishpn
Sat May 23, 2015 10:09 am
Forum: PMP® Open Forum
Topic: Scordo Q - HR Mgmt
Replies: 9
Views: 1836

Re: Scordo Q - HR Mgmt

I cannot explain you beyond that, the situation is not exactly same in both the questions is different ,,
This is precisely a type of situational question where lack of practical experience creates confusion.
by manishpn
Fri May 22, 2015 10:34 am
Forum: PMP® Open Forum
Topic: Clarification Reqd
Replies: 4
Views: 1237

Re: Clarification Reqd

the question w.r.t. The risk is that they may create arbitrary float values and later limit scheduling options because of the specific sequencing chosen and not difference in dependency types
by manishpn
Fri May 22, 2015 8:34 am
Forum: PMP® Open Forum
Topic: Clarification Reqd
Replies: 4
Views: 1237

Re: Clarification Reqd

usually Mandatory dependencies are non negotiable, whereas discretionary dependency is one that isn't based on a "have to", but on a "should". These decisions are usually based upon best practices, business knowledge, etc. They are placed on the project diagram where the team mem...
by manishpn
Fri May 22, 2015 8:13 am
Forum: PMP® Open Forum
Topic: Scordo Q - HR Mgmt
Replies: 9
Views: 1836

Re: Scordo Q - HR Mgmt

Question in Rita and the one posted here have different text but similar situation. Unless there is formal confirmation of Delay there is no need to meet Project manager specifically for this issue. Ritas question describes that to resolve a perennial problem and not a issue with delay w.r.t specifi...
by manishpn
Thu May 21, 2015 6:40 pm
Forum: PMP® Open Forum
Topic: Scordo Q - HR Mgmt
Replies: 9
Views: 1836

Re: Scordo Q - HR Mgmt

Hi again, this question isnt related to type of organization. Matrix or otherwise does not matter for this question scenario. Manager of Team C is still a team lead within project and not functional/line manager in organization. I hope you understand the difference. Type if project organization will...
by manishpn
Thu May 21, 2015 5:37 am
Forum: PMP® Open Forum
Topic: Scordo Q - HR Mgmt
Replies: 9
Views: 1836

Re: Scordo Q - HR Mgmt

Remember Most of questions asks you what to do first or whats the best to do first. ' As the team leader for team D, you receive word that the next deadline may also be missed' You have not got formal communication that it will be missed for sure. First thing is to meet with Project manager from te...
by manishpn
Tue May 19, 2015 7:02 am
Forum: PMP® Open Forum
Topic: Webinar on Contract Management : POLL
Replies: 8
Views: 1660

Re: Webinar on Contract Management : POLL

Excellent, what happens to all the effort-cost etc that seller puts in and more importantly the work done by seller, IP rights etc, after LOI is signed, if buyer, after 3 months concludes it does not want to proceed with contract
by manishpn
Mon May 18, 2015 8:04 am
Forum: PMP® Open Forum
Topic: Webinar on Contract Management : Your view
Replies: 1
Views: 490

Webinar on Contract Management : Your view

How are changes handled in Contract,

Normal Change control process with existing CCB
Special change control process with existing CCB
It is case to case basis
by manishpn
Mon May 18, 2015 7:49 am
Forum: PMP® Open Forum
Topic: Webinar on Contract Management : POLL
Replies: 8
Views: 1660

Re: Webinar on Contract Management : POLL

coolpmp mentioned LOI is not signed document, is that true?
by manishpn
Mon May 18, 2015 4:39 am
Forum: PMP® Open Forum
Topic: Webinar on Contract Management : Your view
Replies: 4
Views: 771

Re: Webinar on Contract Management : Your view

we will discuss in webinar
by manishpn
Sun May 17, 2015 6:41 am
Forum: PMP® Open Forum
Topic: Webinar on Contract Management : Your view
Replies: 4
Views: 771

Re: Webinar on Contract Management : Your view

Good you provided the why part, How is it actually applies or used in contract?
by manishpn
Sat May 16, 2015 2:28 pm
Forum: PMP® Open Forum
Topic: Webinar on Contract Management : Your view
Replies: 4
Views: 771

Webinar on Contract Management : Your view

Why and how is Economic Price adjustment taken into consideration for contracts
by manishpn
Sat May 16, 2015 6:28 am
Forum: PMP® Open Forum
Topic: Project Team Directory
Replies: 2
Views: 593

Re: Project Team Directory

if you have PMBOk refer to glossary section page 556
by manishpn
Fri May 15, 2015 4:38 pm
Forum: PMP® Open Forum
Topic: stakeholder
Replies: 6
Views: 810

Re: stakeholder

Nidhi, your logic is good, however we need to have fundamentals rights rather than memorizing. Stakeholder management plan is made in planning phase. and once its approved its part of overall project management plan. How can we execute approved stakeholder management plan in Plan Stakeholder Managem...
by manishpn
Fri May 15, 2015 2:24 pm
Forum: PMP® Open Forum
Topic: stakeholder
Replies: 6
Views: 810

Re: stakeholder

Jessica needs to know 'how to execute the approved stakeholder management plan?'

Plan Stakeholder Management process will help you plan how to manage engagement with stakeholders.

Manage Stakeholder Engagement - is engaging your stakeholders as per stakeholder management plan

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