Search found 1726 matches

by manishpn
Fri Mar 27, 2015 2:50 pm
Forum: PMP® Open Forum
Topic: project selection
Replies: 12
Views: 2420

Re: project selection

Hi Jyoti this is IRR and not Payback period question :)
by manishpn
Fri Mar 27, 2015 2:36 pm
Forum: PMP® Open Forum
Topic: staff acquisition
Replies: 1
Views: 533

Re: staff acquisition

Team acquisition is executing process.
there will ofcourse some team member pre assigned to Project for planning phase but bulk of team is acquired in execution phase
by manishpn
Thu Mar 26, 2015 11:12 am
Forum: PMP® Open Forum
Topic: bar vs milestone
Replies: 6
Views: 1666

Re: bar vs milestone

You should always follow PMBOK as that is reference for EXAM. Rita is a supplements PMBOK, it's not a replacement for PMBOK. For your knowledge: There is no rule on what to use for management presentation and/or team reporting. Industry practice is management presentation usually are in grpaphical ...
by manishpn
Wed Mar 25, 2015 8:53 pm
Forum: PMP® Exam Lessons – Success Stories
Topic: PMP certified on 25th March 2015
Replies: 9
Views: 1894

Re: PMP certified on 25th March 2015

Congratulations
by manishpn
Tue Mar 24, 2015 9:57 pm
Forum: PMP® Open Forum
Topic: Time mgmt: qts
Replies: 4
Views: 979

Re: Time mgmt: qts

There is no term as company calendar in PMBOK. Resource calendar (which indicates working days/hours of resources) already does incorporate organization holidays in general. Resource calendar is an input to estimate activity. So if you already know which resources will be working on particular acti...
by manishpn
Mon Mar 23, 2015 9:38 pm
Forum: PMP® Open Forum
Topic: change request
Replies: 10
Views: 1502

Re: change request

Usually updating project communication plan for addition of key stakeholders to receive project status update (Unless its sensitive and restricted information) does not necessitate a formal Change request process. Communication management plan is update with revised version you can refer to PMBOK pa...
by manishpn
Mon Mar 23, 2015 9:19 pm
Forum: PMP® Open Forum
Topic: project selection
Replies: 12
Views: 2420

Re: project selection

I hope you noticed that return for project A and B are monthly so you need to multiply it by 12 for annual returns and then calculate IRR. Project with higher IRR is receomnded Project investment Return IRR A 100000 60000 0.6 B 200000 96000 0.48 C 100000 40000 0.4 D 200000 60000 0.3
by manishpn
Sun Mar 22, 2015 2:39 pm
Forum: PMP® Open Forum
Topic: Earn value
Replies: 3
Views: 755

Re: Earn value

i dont see your comments
by manishpn
Sun Mar 22, 2015 1:55 pm
Forum: PMP® Open Forum
Topic: validate scope
Replies: 4
Views: 947

Re: validate scope

Hi Dipti, WPD are raw data of actual work performed whereas WPR are report meant to to distribute to project stakeholders with specific purpose, there can be many variations of WPR based on who is the recipient, like variance report, status report, forecast report, quality report, Human resource rep...
by manishpn
Sun Mar 22, 2015 1:46 pm
Forum: PMP® Open Forum
Topic: Earn value
Replies: 3
Views: 755

Re: Earn value

I assume you are aware of definition of EV and PV

e.g:

in road construction project, my original plan was to construct 10 km of road in 2 months , however my project has constructed 12 km of road in 2 months

this is an example of EV higher then PV
by manishpn
Sun Mar 22, 2015 1:43 pm
Forum: PMP® Open Forum
Topic: difference
Replies: 1
Views: 554

Re: difference

Project performance measurements are actual measurements of your project performance, it can be any of the baseline measurements or quality measurements etc Variance analysis deals with comparing your project measurements with baselines e.g road construction project has finished 20km of roads in 4 m...
by manishpn
Sun Mar 22, 2015 1:37 pm
Forum: PMP® Open Forum
Topic: project closure
Replies: 7
Views: 1330

Re: project closure

Hi Nandita, Suppose one of the important procurement is under legal battle in this case can we go ahead with closing process. in this case how we will perform "Complete financial closure" - Usually NO, unless otherwise the contract has the provision to conditionally close contract in rare ...
by manishpn
Wed Mar 11, 2015 8:27 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Cleared PMP exam on 9th Mar
Replies: 7
Views: 2246

Re: Cleared PMP exam on 9th Mar

Congratulations
by manishpn
Tue Mar 10, 2015 12:33 pm
Forum: PMP® Open Forum
Topic: Ethics question
Replies: 3
Views: 1173

Re: Ethics question

Why dp you think correct answer is A?
by manishpn
Mon Mar 09, 2015 9:15 pm
Forum: PMP® Open Forum
Topic: project scope
Replies: 5
Views: 1309

Re: project scope

You mentioned AS the last sentence states "new customer requirement that was not a part of the original project's scope" ...what is best to do? cancel this contract and add a new one as it is outside project scope OR As customer is king, accept this new scope and add it to the project afte...
by manishpn
Mon Mar 09, 2015 9:11 pm
Forum: PMP® Open Forum
Topic: fixed price contract question
Replies: 1
Views: 768

Re: fixed price contract question

FP contract usually is used when buyer wants to transfer the risk. no Contract gaurentees zero risk. If risk needs to be shared FP is not a the way to go, as usually buyer would want to share risk in case of positive risk.

Right answer is C
by manishpn
Mon Mar 09, 2015 10:24 am
Forum: Questions about Our classes, Online Classes, Webinars, Booking, Payment etc.
Topic: Online Classes / Self Study
Replies: 2
Views: 1686

Re: Online Classes / Self Study

We are starting online virtual classes from 29th March (Weekend Batches) if you are interested you can contact Saket of repoly to this post for more details
by manishpn
Mon Mar 09, 2015 10:16 am
Forum: PMI-ACP® Open Forum
Topic: Stories are no replacement for requirements - Quiz
Replies: 3
Views: 1335

Re: Stories are no replacement for requirements - Quiz

To COmpliment Saket. User stories describe a functional behaviour in a specific format 'as an X, I want Y so that Z.' Hoever details non functional requirements are not captured which maybe also linked to functional requirement for e.g. As a Admin user I should be able to generate report of my stude...
by manishpn
Mon Mar 09, 2015 9:57 am
Forum: PMP® Open Forum
Topic: Ethics question
Replies: 3
Views: 1173

Re: Ethics question

c Insist on paying for his / her lunch.


Receipt of Gift is not permitted, networking is not an issue, going on lunch and taking your own bill is OK.
Situation could have been different if buyer was in process of selecting a potential seller which is not mentioned in this question
by manishpn
Wed Oct 29, 2014 11:15 am
Forum: PMP® Open Forum
Topic: Code of Ethics
Replies: 6
Views: 1702

Re: Code of Ethics

HI, Kindly note that code of ethics, professionalism mandates that right from start of bidding process till a final decision is made no informal communication should be made with any vendor w.r.t Bid, having informal lunch may result in PM unknowingly sharing some information which me be directly or...
by manishpn
Wed Oct 29, 2014 11:12 am
Forum: PMP® Open Forum
Topic: Last minute preparation
Replies: 3
Views: 1129

Re: Last minute preparation

I am not sure scanniing PMBOK Is a good way of last minute preperation. I would receomend to take it easy 1 day before examination. Now that you have initiated this topic I will write a small note on final round preperation (I would not want anyone to prepare at last minute hence wont use that term ...
by manishpn
Tue Apr 08, 2014 2:46 pm
Forum: PMP® Queries and Tips
Topic: SOW clarification - for Saket/Indu
Replies: 4
Views: 1917

Re: SOW clarification - for Saket/Indu

Thanks Indu
by manishpn
Mon Mar 31, 2014 10:51 am
Forum: PMP® Queries and Tips
Topic: SOW clarification - for Saket/Indu
Replies: 4
Views: 1917

SOW clarification - for Saket/Indu

Hi, I have encountered couple of questions in Quampus tests and other mock tests. Can you clarify if SOW should include Business case. In case of outsourcing the work we use SOW as contract document and it should not include requesting organizations Business case, however one of the questions I atte...
by manishpn
Sun Mar 30, 2014 10:19 am
Forum: PMP® Queries and Tips
Topic: com channel Formula
Replies: 2
Views: 888

com channel Formula

Though simple formulla this question in mock test is selectively confusing
sometimes PM headcount is included and sometimes is excluded while calculating answer
worst answer options include answers which are with and without headcount :(

when to include PM in total count and when to exclude?
by manishpn
Sat Mar 29, 2014 4:37 pm
Forum: PMP® Queries and Tips
Topic: PTA simplified
Replies: 0
Views: 833

PTA simplified

one of the most irritating formula for PMP :) though concept is very easy to understand those who have worked on FP contracts, remembering formula may be difficult. Just like we have the trick to remember EVM formulas where EV is always at the start of formula, for PTA its the Price ratio at the sta...
by manishpn
Sat Mar 15, 2014 1:29 pm
Forum: PMP® Queries and Tips
Topic: EVM: When is this formulla used
Replies: 2
Views: 1177

EVM: When is this formulla used

AC + ((BAC - EV)/CPI)

This should be used during which scenario

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