Search found 1823 matches

by manishpn
Mon Jul 27, 2015 7:22 pm
Forum: PMP® Open Forum
Topic: Process Groups
Replies: 9
Views: 2482

Re: Process Groups

Hi, In case there is a termination of project , project closeout has to happen irrespective of the reason and time for termination. In normal cases initiating and closing do not overlap, refer to fig 3-2 PMBOK. However if there is a decision to terminate the project during initiation phase then clos...
by manishpn
Sun Jul 26, 2015 4:54 pm
Forum: PMP® Open Forum
Topic: Process Groups
Replies: 9
Views: 2482

Re: Process Groups

initiating and closing
by manishpn
Sun Jul 26, 2015 11:09 am
Forum: PMP® Open Forum
Topic: Project Deliverables
Replies: 2
Views: 782

Re: Project Deliverables

from PMBOK perspective there is no term as Quality control checklist, Quality checklist is the term and its a checklist that one should use when verifying the deliverable from quality perspective. The questions talks about Control quality process and one the output of these process is quality contro...
by manishpn
Sun Jul 26, 2015 10:51 am
Forum: PMP® Open Forum
Topic: Stakeholder Analysis
Replies: 1
Views: 750

Re: Stakeholder Analysis

Stakeholder classification is not mandatory, but recommended.
To help define an approach strategy is the best option in this question.
by manishpn
Sun Jul 26, 2015 10:50 am
Forum: PMP® Open Forum
Topic: ETC Calculation
Replies: 1
Views: 585

Re: ETC Calculation

Such questions usually not come, as best way to forecast depends on various parameters and there is no universal thumb rule. Manual forecasting of cost of the remaining work of project work is time consuming and tedious and not always the best option, but it may be best if there is need to accuratel...
by manishpn
Sun Jul 26, 2015 10:45 am
Forum: PMP® Open Forum
Topic: Project Integration Management
Replies: 1
Views: 542

Re: Project Integration Management

The need for it becomes evident in situations where individual processes
interact

Project integration management unifies various activities processes across different knowledge Areas/process groups.
Project integration management processes are itself part of various process groups.
by manishpn
Sun Jul 26, 2015 8:09 am
Forum: PMP® Open Forum
Topic: Project Charter Question
Replies: 1
Views: 493

Re: Project Charter Question

Sponsor , Project Manager
by manishpn
Thu Jul 23, 2015 8:25 pm
Forum: PMP® Open Forum
Topic: Please Explain the calculation
Replies: 1
Views: 1105

Re: Please Explain the calculation

ROM - -25% to +75%, range given is USD 30 MN to USD 70 MN hence estimate at start of project would be USD 50 Mn

Definitive estimate range is -5% to +10% of 50 Mn is 47.5 to 55
by manishpn
Thu Jul 23, 2015 8:22 pm
Forum: PMP® Open Forum
Topic: question on risk
Replies: 8
Views: 2132

Re: question on risk

This seems to be technically incorrect question.
Watch list is a subset of risk register and not a separate document.
by manishpn
Thu Jul 23, 2015 9:20 am
Forum: PMP® Open Forum
Topic: Incentive vs Award
Replies: 5
Views: 1483

Re: Incentive vs Award

Website development project INCENTIVE - If website is able to perform 10% faster you will receive XX % of project value however if website is slower than what it is today your project will be penalized by XX amount (It has specific measurable objective and may result in penalty or bonus) REWARD - If...
by manishpn
Wed Jul 22, 2015 9:50 am
Forum: PMI-ACP® Open Forum
Topic: Are 11 Reference ACP books are free for member?
Replies: 2
Views: 992

Re: Are 11 Reference ACP books are free for member?

I dont think they are free and you dont need to really worry about reading them ,, in all they run into some thousand+ pages.
by manishpn
Wed Jul 22, 2015 9:49 am
Forum: PMP® Open Forum
Topic: last 3 days to exam
Replies: 4
Views: 1050

Re: last 3 days to exam

All the best take good sleep and on exam day do whatever relaxing technique you are comfortable
by manishpn
Wed Jul 22, 2015 9:47 am
Forum: PMP® Open Forum
Topic: matrix organization
Replies: 5
Views: 1397

Re: matrix organization

Has to Be team member
by manishpn
Tue Jul 21, 2015 2:58 pm
Forum: PMP® Open Forum
Topic: 3 Sigma 6 Sigma
Replies: 2
Views: 1004

Re: 3 Sigma 6 Sigma

You dont need to get into details. for Exam point of view its sufficient to understand high level concept and tolerance range of each sigma.
by manishpn
Tue Jul 21, 2015 2:48 pm
Forum: PMP® Open Forum
Topic: how to calculate IRR
Replies: 11
Views: 1974

Re: how to calculate IRR

Period is not the factor in calculating IRR and its not mentioned what time horizon is been considered
Do not mix payback period with IRR
by manishpn
Mon Jul 20, 2015 6:39 pm
Forum: PMP® Open Forum
Topic: Multi Criteria decision analysis
Replies: 1
Views: 676

Re: Multi Criteria decision analysis

Multiply score of each of the criteria to its weight age to derive total score
for eg

for adam it will be = 1*3+1*5+2*1+3*3+5*5=44
by manishpn
Mon Jul 20, 2015 8:06 am
Forum: PMP® Open Forum
Topic: how to calculate IRR
Replies: 11
Views: 1974

Re: how to calculate IRR

This is incorrect question. The internal rate of return is the interest rate received for an investment consisting of payments (negative values) and income (positive values) that occur at regular periods. or The Internal Rate of Return is the interest rate that makes the Net Present Value zero. The ...
by manishpn
Sun Jul 19, 2015 4:17 pm
Forum: PMP® Open Forum
Topic: Validated Changes -
Replies: 4
Views: 1271

Re: Validated Changes -

validated changes for their impact upon implementation
Quality Control ensure quality is as per required quality standard.
by manishpn
Sun Jul 19, 2015 4:10 pm
Forum: PMP® Open Forum
Topic: dispute on claims
Replies: 1
Views: 612

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: 5707

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: 630

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: 1414

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: 1100

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: 1507

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: 1310

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: 1403

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: 1478

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: 1403

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: 1478

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: 3238

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: 3238

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: 2477

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: 2521

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: 1031

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: 1910

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: 1063

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: 3369

Re: Shukriya :)

hi Celina congratulations
by manishpn
Tue Jun 16, 2015 7:30 pm
Forum: PMP® Open Forum
Topic: Ethics query
Replies: 7
Views: 2477

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: 1092

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: 3724

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: 1607

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: 1371

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: 3724

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: 979

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: 2905

Re: Another Estimation QUestion

.
by manishpn
Wed May 27, 2015 5:38 am
Forum: PMI-ACP® Open Forum
Topic: Estimation question
Replies: 1
Views: 965

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: 2905

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: 1235

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: 1178

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: 827

Re: Control Chart - 7 consecutive data point doubt

Seven consecutive data points on either side of mean. On mean is not counted.

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