Search found 1877 matches

by manishpn
Mon Aug 31, 2015 11:16 am
Forum: PMP® Open Forum
Topic: Initiation Question
Replies: 4
Views: 1329

Re: Initiation Question

Business need(more than 1) ---- > Projects need to meet business need ------> project selection method (prioritize) ---------> project initiated (to meet business case) so when project is initiated we have an initial budget approved, initial resource committed by organization and initial scope (high...
by manishpn
Mon Aug 31, 2015 10:08 am
Forum: PMP® Open Forum
Topic: Life Cycle Concept Question
Replies: 4
Views: 1723

Re: Life Cycle Concept Question

Correct option:

Life cycle costing provides the lowest long- term cost of ownership and should be used as a management decision tool, in case of alternatives

Search for Value engineering definition in PMBOK
by manishpn
Mon Aug 31, 2015 8:50 am
Forum: PMP® Open Forum
Topic: Ground Rules or Develop Team
Replies: 6
Views: 2245

Re: Ground Rules or Develop Team

when you set a certain rule for how the communication will happen in future, or set rul on DOs and Donts in team its Ground rules.
by manishpn
Mon Aug 31, 2015 8:18 am
Forum: PMP® Open Forum
Topic: Initiation Question
Replies: 4
Views: 1329

Re: Initiation Question

what is confusion here?
by manishpn
Mon Aug 31, 2015 8:07 am
Forum: PMP® Open Forum
Topic: Critical Path Query
Replies: 2
Views: 867

Re: Critical Path Query

no violation,
by manishpn
Sat Aug 29, 2015 6:15 pm
Forum: PMP® Open Forum
Topic: ETC Calculation help
Replies: 2
Views: 1144

Re: ETC Calculation help

Usually the question should mention if variance is typical or not to be able to calculate ETC
by manishpn
Sat Aug 29, 2015 6:06 pm
Forum: PMP® Open Forum
Topic: Closure Question
Replies: 4
Views: 1548

Re: Closure Question

There is no formal sequence prescribed but from logical point of view lessons learnt should not be done before getting final approval so #4 is best option. @Sachin, unless there is an explanation provided from Mock tests that you are taking it is very difficult to relate to thought process of the pe...
by manishpn
Sat Aug 29, 2015 3:02 pm
Forum: PMP® Open Forum
Topic: Doubts on Executing/M&C
Replies: 2
Views: 1131

Re: Doubts on Executing/M&C

Hi Sachin this is very simple, it has to be M & C where you compare your project performance against baseline plan, and take required actions.

Remember M & C Encapsulates all your project processes
by manishpn
Sat Aug 29, 2015 2:59 pm
Forum: PMP® Open Forum
Topic: Change Request
Replies: 4
Views: 1662

Re: Change Request

You will do that once you log a formal change request.
Its contract based and in any contract based governance is Formal.
by manishpn
Sat Aug 29, 2015 12:41 pm
Forum: PMP® Open Forum
Topic: Planning question
Replies: 6
Views: 2797

Re: Planning question

SOW is signed (too bad some scope was missed) so any further change is through change request and not develop a new scope statement.

Meeting high level executive is because they have expressed dissatisfaction and it is important to communicate to them to sort thing.
by manishpn
Sat Aug 29, 2015 12:36 pm
Forum: PMP® Open Forum
Topic: Change Request
Replies: 4
Views: 1662

Re: Change Request

Should be Open up a change control., which starts with formal logging a change
by manishpn
Fri Aug 28, 2015 5:14 pm
Forum: PMP® Open Forum
Topic: Planning question
Replies: 6
Views: 2797

Re: Planning question

Read this line and think again what should be the answer

'From the inputs available, including contract, statement of work and project charter, you have developed a project management plan'
by manishpn
Thu Aug 27, 2015 12:47 pm
Forum: PMI-ACP® Open Forum
Topic: Risk audit in Agile
Replies: 4
Views: 2526

Re: Risk audit in Agile

During the retrospective
by manishpn
Wed Aug 26, 2015 5:48 pm
Forum: PMP® Open Forum
Topic: Maximum support from team ?
Replies: 9
Views: 3007

Re: Maximum support from team ?

Kindly note all mocks online are not reliable so if there is an explanation provided for that we can debate, in my view this is not a quality question
by manishpn
Tue Aug 25, 2015 8:18 pm
Forum: PMP® Open Forum
Topic: Maximum support from team ?
Replies: 9
Views: 3007

Re: Maximum support from team ?

Expertise of project manager does not by default relate to support PM will receive.. NO individual team member or project is same, unless we know the details of a project we cannot generalize in which scenarios maximum support can be expected. @ Sachin, challenging work is a motivator but cannot ens...
by manishpn
Tue Aug 25, 2015 12:14 pm
Forum: PMP® Open Forum
Topic: Maximum support from team ?
Replies: 9
Views: 3007

Re: Maximum support from team ?

There cannot be one right answer to this question. option 3 is ruled out, any of the other 3 can be true depending on project need, situations, and which stage of maslows hierarchy the team members is
by manishpn
Tue Aug 25, 2015 12:11 pm
Forum: PMP® Open Forum
Topic: Suggestions/Inputs required.
Replies: 2
Views: 1277

Re: Suggestions/Inputs required.

read this and think on what should be the answer
'Your analysis also indicates that the period during which these activities were being carried out had much more rain than normal.'
by manishpn
Tue Aug 25, 2015 12:10 pm
Forum: PMP® Open Forum
Topic: Cultural Differences ?
Replies: 4
Views: 1647

Re: Cultural Differences ?

every culture has their own DOs and Donts when it comes to recognizing team members performance. I have worked in 5 different continents so far and i assure you there are cultural sensitivity which PM needs to consider even when recognizing in terms of how to recognize (open forums, formal mail, spe...
by manishpn
Tue Aug 25, 2015 9:37 am
Forum: PMP® Open Forum
Topic: Salience Model
Replies: 2
Views: 1022

Re: Salience Model

Pm can use the either Power/Interest or Power/Influence grids for normal stakeholder analysis however when there is also response time expected by stakeholders to be taken into consideration Salience model serves the purpose for PM. Salience model is 3 dimensional (power, legitimacy and urgency) and...
by manishpn
Tue Aug 25, 2015 9:26 am
Forum: PMP® Open Forum
Topic: Cultural Differences ?
Replies: 4
Views: 1647

Re: Cultural Differences ?

Recognition for team members who work extra hours on the weekends
PM should not reward people for working late office hours or weekend as it promotes undesired behavior of encouraging team members to work beyond normal hours.
by manishpn
Sat Aug 22, 2015 1:27 pm
Forum: PMP® Open Forum
Topic: risk update
Replies: 7
Views: 2172

Re: risk update

read my mesg above.
by manishpn
Fri Aug 21, 2015 9:08 am
Forum: PMP® Open Forum
Topic: Confusion - Resource assignment in WBS dictionary
Replies: 4
Views: 1627

Re: Confusion - Resource assignment in WBS dictionary

yes your interpretation is correct.
Since WBS is created well before entire team is onboarded it make sense to mentions resources (skills required) rather then Name.


Br,
manish
by manishpn
Fri Aug 21, 2015 6:50 am
Forum: PMP® Open Forum
Topic: Confusion - Resource assignment in WBS dictionary
Replies: 4
Views: 1627

Re: Confusion - Resource assignment in WBS dictionary

Hi Prakash,

PMBOK is the reference for PMI exam all answers should refer to PMBOK definition.
having said that you should be aware that PMBOK provides framework its not a law. you can always customize the template based on project and organization needs .
by manishpn
Tue Aug 18, 2015 7:06 am
Forum: PMP® Open Forum
Topic: Network diagram questions part 2,
Replies: 2
Views: 1459

Re: Network diagram questions part 2,

Hi Nazih,
draw a network diagram based on your understanding of question and post that here we can discuss whats your conclusion, network pah questions cannot be detailed on blog. u need to attend clarification session if you are member
by manishpn
Tue Aug 18, 2015 7:01 am
Forum: PMP® Open Forum
Topic: Critical Path Question by nazish
Replies: 4
Views: 1322

Re: Critical Path Question by nazish

whats the question?
by manishpn
Tue Aug 18, 2015 6:59 am
Forum: PMP® Open Forum
Topic: record management system
Replies: 1
Views: 634

Re: record management system

post entire question.
In general record management system is used to archive all documents which are necessary for legal and financial compliance, audit etc perspective.
Since procurement involves cotracts which are legal document they need to be part of RMS
by manishpn
Mon Aug 10, 2015 7:09 pm
Forum: PMP® Open Forum
Topic: Project selection
Replies: 1
Views: 719

Re: Project selection

calculate PV for both project and see which one is better in terms of % difference, be careful while calculating PV of project B as u need to calculate PV for different cash inflows over 3 years

for eg if pv of project A is 100 and that of B is 110 then project B is 10% more attractive than project A
by manishpn
Mon Aug 10, 2015 1:25 pm
Forum: PMP® Open Forum
Topic: Heading for the exam-Need suggetions
Replies: 5
Views: 1521

Re: Heading for the exam-Need suggetions

Hi Nibha, Your scores from mock looks good but I don't see you have attempted izenbridges full length mock please do so. Exam nervousness is good t have but don't let it override your confidence. till day before exam - have yuor brain dump ready (which you will dump on paper during first 15 min of e...
by manishpn
Sun Aug 09, 2015 7:24 pm
Forum: PMP® Open Forum
Topic: PERT
Replies: 8
Views: 2596

Re: PERT

Exam will mention which method to use if there is calculation involved
by manishpn
Sun Aug 09, 2015 3:05 pm
Forum: PMP® Open Forum
Topic: CPM Help
Replies: 2
Views: 1480

Re: CPM Help

Hi,

CPM calculations cannot be explained properly through blogs, No matter how it sounds difficult if explained well (in class or online class) its one the most sure shot scoring questions in PMP exam.

Br,
Manish
by manishpn
Sun Aug 09, 2015 12:39 pm
Forum: PMP® Open Forum
Topic: PERT
Replies: 8
Views: 2596

Re: PERT

if you have previous estimates then its good to use 'analogous' or 'parametric'
by manishpn
Sun Aug 09, 2015 9:57 am
Forum: PMP® Open Forum
Topic: PERT
Replies: 8
Views: 2596

Re: PERT

That is choice PM has to make based on project requirements, several factors influence it and there is no defined rule when to use what. if you as PM feel you need to give more weight-age to a realistic estimate then use PERT If PM thinks there are equal chances of things going wrong or going right ...
by manishpn
Sat Aug 08, 2015 8:56 pm
Forum: PMP® Open Forum
Topic: Activity on Arow(AOA)
Replies: 1
Views: 1182

Re: Activity on Arow(AOA)

No need to get confused its just a representation method, AON used node to show activities whereas AOA uses arrow to show activities, rest all remains same
by manishpn
Sat Aug 08, 2015 8:52 pm
Forum: PMP® Open Forum
Topic: PERT
Replies: 8
Views: 2596

Re: PERT

The Triangular distribution has a mean equal to the simple average of its three parameters: ( Min + Mode + Max ) / 3. The PERT distribution gives the Mode four times the weight given to either the min or max: ( Min + (4*Mode) + Max ) / 6. In PMP world optimistic, pessimistic and most likely , Such e...
by manishpn
Wed Aug 05, 2015 8:40 pm
Forum: PMP® Open Forum
Topic: risk update
Replies: 7
Views: 2172

Re: risk update

Purely from PMP exam point of view option B is correct, however PMBOK also mentions (and practically we also do same in projects) to revisit risk identification checklist from time to time and it can also be done during control risk process. However option B is the weakest from all options which is ...
by manishpn
Wed Aug 05, 2015 8:49 am
Forum: PMP® Open Forum
Topic: Identify Stakeholders ?
Replies: 3
Views: 1397

Re: Identify Stakeholders ?

Yes, it starts from initiation phase, and keep on revising the list not just adding or deleting stakeholders but also updating their categorization and engagement plan for them
by manishpn
Wed Aug 05, 2015 8:24 am
Forum: PMP® Open Forum
Topic: Identify Stakeholders ?
Replies: 3
Views: 1397

Re: Identify Stakeholders ?

Iterative seems best fit from options provided
by manishpn
Wed Aug 05, 2015 8:16 am
Forum: PMP® Open Forum
Topic: legal requirement for customer or for the organization ?
Replies: 5
Views: 1854

Re: legal requirement for customer or for the organization

Market demand is driven by end cutomers in most of cases or situations For e.g. - if there is winter coming retailers need to stock more winter clothing, or if there is holiday season, holiday planners need to gear up for more capacity. the example provided is of Legal compliance The question is not...
by manishpn
Mon Aug 03, 2015 4:56 pm
Forum: PMP® Open Forum
Topic: project a vs project b
Replies: 20
Views: 8506

Re: project a vs project b

then it needs to be rectified. will check
by manishpn
Mon Aug 03, 2015 4:54 pm
Forum: PMP® Open Forum
Topic: Cummunication managment
Replies: 10
Views: 3350

Re: Cummunication managment

coolpmp you have confused with answer as you selected and option C but justified D

when "appropriate means you are not interrupting without a need which is ok.


Interpreting the information means you are assuming what is said which may sometimes lead to misunderstanding.
by manishpn
Mon Aug 03, 2015 4:50 pm
Forum: PMP® Open Forum
Topic: Cost
Replies: 2
Views: 888

Re: Cost

RBS may not be an input but Risk register should always be an input for effective determination of cost baseline
Dont know whats your source but I disagree with the answer,
by manishpn
Mon Aug 03, 2015 4:39 pm
Forum: PMP® Open Forum
Topic: Professional responsibilty
Replies: 2
Views: 798

Re: Professional responsibilty

read question carefully it has clue 'private money transfer'
by manishpn
Sun Aug 02, 2015 3:46 pm
Forum: PMP® Open Forum
Topic: Lesson learnt
Replies: 9
Views: 2098

Re: Lesson learnt

in General (This is not a rule) all mentioned options contribute but accountable is project team.
so all others are in R or C and PM is in A, of RACI Matrix.

projects can have different RACI Matrix and that why I don't encourage such questions as they are not reflective of reality
by manishpn
Sun Aug 02, 2015 3:22 pm
Forum: PMP® Open Forum
Topic: Project Closure
Replies: 4
Views: 1234

Re: Project Closure

yes you are right
by manishpn
Sat Aug 01, 2015 3:08 pm
Forum: PMP® Open Forum
Topic: Project Closure
Replies: 4
Views: 1234

Re: Project Closure

Thanks.

couple of triggers

how close are you from project closure start date
what is the formal advance notice that is mandated by your external stakeholders. if they notice of 1 month, conduct assessment about 1.5 months before start of closure phase
by manishpn
Fri Jul 31, 2015 2:34 pm
Forum: PMP® Open Forum
Topic: project a vs project b
Replies: 20
Views: 8506

Re: project a vs project b

you guys are assuming too many things and math is not needed at all. look at law of diminishing returns will clear the air. Mving resource out of project A does not mean you will achieve same EV growth at reduced cost, neither does it mean moving resource late into project B will increase productivi...
by manishpn
Wed Jul 29, 2015 7:16 pm
Forum: PMP® Open Forum
Topic: project a vs project b
Replies: 20
Views: 8506

Re: project a vs project b

According to the law of diminishing returns, the consolidated cost variance of the two projects will increase.

Adding resource will add cost but not necessarily add to Earned value
by manishpn
Wed Jul 29, 2015 7:10 pm
Forum: PMP® Open Forum
Topic: Three point estimate - help
Replies: 2
Views: 1153

Re: Three point estimate - help

these are different types of probability distribution and you need worry about it from exam point of view.
Remember the formula , exam question would mention which type of distribution so that appropriate formula can be applied

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