Search found 282 matches

by coolpmp69
Tue Mar 03, 2015 1:49 pm
Forum: PMP® Open Forum
Topic: contract question from Scordo
Replies: 8
Views: 2272

Re: contract question from Scordo

Are you referring to figure 12.1 - Risk to Buyer and Seller According to Contract Types from Rita?
by coolpmp69
Tue Mar 03, 2015 1:46 pm
Forum: PMP® Open Forum
Topic: matrix org
Replies: 2
Views: 920

Re: matrix org

why not functional manager?
by coolpmp69
Tue Mar 03, 2015 1:45 pm
Forum: PMP® Open Forum
Topic: one more question
Replies: 2
Views: 1005

Re: one more question

Hmm..make sense now. Thanks
by coolpmp69
Tue Mar 03, 2015 1:44 pm
Forum: PMP® Open Forum
Topic: Control Quality
Replies: 10
Views: 3411

Re: Control Quality

Got it..thanks
by coolpmp69
Mon Mar 02, 2015 9:34 pm
Forum: PMP® Open Forum
Topic: matrix org
Replies: 2
Views: 920

matrix org

In a matrix organization, where the team members report to both, a functional manager as well as a project manager, generally, whose responsibility is it to manage the dual reporting relationship?

a Functional manager
b HR manager
c team members
d Project Manager
by coolpmp69
Mon Mar 02, 2015 7:25 pm
Forum: PMP® Open Forum
Topic: one more question
Replies: 2
Views: 1005

one more question

Source : Scordo You are managing a multi-million dollar project, and discover several critical pieces of data in the project information repository have been modified without authorization. What should you do? A. Determine the extent of the data breach, and implement security procedures to prevent a...
by coolpmp69
Mon Mar 02, 2015 2:15 pm
Forum: PMP® Open Forum
Topic: contract question from Scordo
Replies: 8
Views: 2272

Re: contract question from Scordo

@dipti5ece : can you provide the page number/topic name in pmbok?
by coolpmp69
Mon Mar 02, 2015 2:13 pm
Forum: PMP® Open Forum
Topic: Can WBS be used as a communication tool among stakeholders
Replies: 3
Views: 1092

Re: Can WBS be used as a communication tool among stakehold

Yes WBS can be used as communication tool specially when the stakeholder (outside project team) are pushing to add new work/scope that is not defined in charter or WBS. Within the project team, it serves as a. tool to clarify the work packages b.to assign the work packages to the team members c. pro...
by coolpmp69
Mon Mar 02, 2015 2:10 pm
Forum: PMP® Open Forum
Topic: Control Quality
Replies: 10
Views: 3411

Re: Control Quality

Based on Ranjit's input, the answer should be prevention and inspection then given in PMBOK.

Saket...need your inputs here.
by coolpmp69
Sun Mar 01, 2015 8:33 pm
Forum: PMP® Open Forum
Topic: contract question from Scordo
Replies: 8
Views: 2272

Re: contract question from Scordo

thanks pank_pmp. Can you give some examples as to when to use cost reimbursable contract types?
by coolpmp69
Sun Mar 01, 2015 1:38 am
Forum: PMP® Open Forum
Topic: contract question from Scordo
Replies: 8
Views: 2272

contract question from Scordo

Source : Scordo If you are working on a project with constantly changing scope, which contract type would work best when hiring an outside vendor to complete a portion of the work? a. Cost reimbursable b. Lump sum c.Time and material d. Fixed price I picked option A as my answer but the correct answ...
by coolpmp69
Thu Feb 26, 2015 1:44 pm
Forum: PMP® Open Forum
Topic: CR : reallly confused!:(
Replies: 6
Views: 1431

Re: CR : reallly confused!:(

can you post the question?
by coolpmp69
Wed Feb 25, 2015 5:11 pm
Forum: PMP® Open Forum
Topic: CR : reallly confused!:(
Replies: 6
Views: 1431

Re: CR : reallly confused!:(

As per PMBOK “Change Request is a formal proposal to modify any project document, deliverable or baseline. “ Only documents that are in planning stage (before approval) can be modified without formal CR. But to answer your question, no project documents can be modified without CR including stakehold...
by coolpmp69
Wed Feb 25, 2015 1:55 pm
Forum: PMP® Open Forum
Topic: CAPA/ DR
Replies: 2
Views: 956

Re: CAPA/ DR

Corrective action and preventive actions do not affect the project baselines but can affect the performance of the project. Most of the times. they improve the project performance. Defect repair is normally to correct the nonconformance of the project deliverable and thus can impact project manageme...
by coolpmp69
Wed Feb 25, 2015 1:50 pm
Forum: PMP® Open Forum
Topic: Control Quality
Replies: 10
Views: 3411

Re: Control Quality

2. Sampling and probability is correct answer but why not option 1?
by coolpmp69
Tue Feb 24, 2015 6:00 pm
Forum: PMP® Open Forum
Topic: Control Quality
Replies: 10
Views: 3411

Control Quality

Control Quality is the process of monitoring and recording results of executing the quality activities to assess performance and recommend necessary changes. To evaluate control quality output data, the project team must ideally have a working knowledge of: 1. Prevention and inspection 2. Sampling a...
by coolpmp69
Tue Feb 24, 2015 5:59 pm
Forum: PMP® Open Forum
Topic: benefit for analogous project estimate
Replies: 2
Views: 999

Re: benefit for analogous project estimate

Got it ..thanks!
by coolpmp69
Tue Feb 24, 2015 1:58 pm
Forum: PMP® Open Forum
Topic: benefit for analogous project estimate
Replies: 2
Views: 999

benefit for analogous project estimate

Which of the following is the benefit for analogous project estimate ? a. It will be closer to what the work will actually require b. It is based on detailed understanding of what the work requires c. It gives project team an understanding of management's expectation d. It helps the PM to determine ...
by coolpmp69
Tue Feb 24, 2015 1:50 pm
Forum: PMP® Open Forum
Topic: Resource leveling and schedule compression
Replies: 4
Views: 1412

Re: Resource leveling and schedule compression

I knew these but for some reason got confused. These links are really helpful..thanks.
by coolpmp69
Mon Feb 23, 2015 4:55 pm
Forum: PMP® Open Forum
Topic: Resource leveling and schedule compression
Replies: 4
Views: 1412

Resource leveling and schedule compression

I know both resource leveling and schedule compression are tools and technique used for developing schedule but was wondering if there is any order for applying this techniques?

Example: 1st Resource leveling and 2nd schedule compression
OR
1st schedule compression and 2nd Resource leveling?
by coolpmp69
Mon Feb 23, 2015 4:52 pm
Forum: PMP® Open Forum
Topic: One more question
Replies: 5
Views: 1492

Re: One more question

Thanks Saket.
by coolpmp69
Mon Feb 23, 2015 2:02 pm
Forum: PMP® Open Forum
Topic: Cost baseline and budget
Replies: 3
Views: 979

Re: Cost baseline and budget

Here is my understanding Cost baseline is the time phased budget allocated for all the project expenses and does not include management reserve. Some contingency reserve is allocated (within cost baseline) to deal with known unknown type of project work like rework etc. Management reserve is meant t...
by coolpmp69
Mon Feb 23, 2015 1:53 pm
Forum: PMP® Open Forum
Topic: change request related question
Replies: 4
Views: 1482

Re: change request related question

Thanks all for your inputs.
by coolpmp69
Mon Feb 23, 2015 1:51 pm
Forum: PMP® Open Forum
Topic: ethical question
Replies: 4
Views: 1408

Re: ethical question

Thanks pank_pmp!!
by coolpmp69
Sat Feb 21, 2015 8:09 pm
Forum: PMP® Open Forum
Topic: ethical question
Replies: 4
Views: 1408

Re: ethical question

@pank_pmp : Thanks for your inputs. Is Scordo and Rita enough for ethical question or do you have any other website/reference for practicing such questions.
by coolpmp69
Sat Feb 21, 2015 8:07 pm
Forum: PMP® Open Forum
Topic: One more question
Replies: 5
Views: 1492

Re: One more question

Thanks Amit for your viewpoints.

After research, I found option A is the best one here as it is unethical to report someone else's work/facts as yours without giving credit to them .
by coolpmp69
Fri Feb 20, 2015 2:39 pm
Forum: PMP® Open Forum
Topic: ethical question
Replies: 4
Views: 1408

ethical question

You are managing a project in a foreign country. In this country there is a normal practice for business people to exchange gifts when very large contracts, such as the one you are working on, are signed. The gift is of a greater value than your company’s policy for gift exchange will allow. You hav...
by coolpmp69
Fri Feb 20, 2015 2:33 pm
Forum: PMP® Open Forum
Topic: change request related question
Replies: 4
Views: 1482

change request related question

You are managing a project and the customer’s engineer visits your facility on an inspection and general getting acquainted tour. During the tour they make the comment that the parts that are being designed should be in stainless steel instead of plain steel with enamel. What should you do? a. Autho...
by coolpmp69
Fri Feb 20, 2015 2:31 pm
Forum: PMP® Open Forum
Topic: One more question
Replies: 5
Views: 1492

One more question

You are the project manager for a project that has high visibility. Your manager wants you to prepare a presentation for him to present at a conference. Most of the material in the presentation will be facts that are the results of your project. Your manager intends to present the material under his...
by coolpmp69
Fri Feb 20, 2015 2:30 pm
Forum: PMP® Open Forum
Topic: confusing question
Replies: 1
Views: 1034

confusing question

I found this question from pmp question bank confusing.. --------------------------- You are the manager of a research group that is developing a new chemical material. You hire a person from a competing company who has a great deal of expertise in this area. The person contributes greatly to the pr...
by coolpmp69
Fri Feb 20, 2015 1:55 pm
Forum: PMP® Open Forum
Topic: Crashing question
Replies: 4
Views: 1983

Re: Crashing question

Any additional thought on this question?
by coolpmp69
Wed Feb 18, 2015 2:09 pm
Forum: PMP® Open Forum
Topic: top down and bottom up estimate
Replies: 1
Views: 665

Re: top down and bottom up estimate

1. Top down estimate approach is also called as analogous estimate. Top down estimate : When you are estimating your project cost/schedule based on the projects that are similar to your projects (in terms of scope, cost, budget, duration, wbs etc), you use historical data and expert judgment to come...
by coolpmp69
Wed Feb 18, 2015 1:48 pm
Forum: PMP® Open Forum
Topic: Crashing question
Replies: 4
Views: 1983

Re: Crashing question

Ranjit, Agree with your additional cost calculation but if you see the crashing cost for option 3 it is either $2650 or $3950 (based on my calculation) then why would one pick option 3 than option1? Based on PMBOK glossary : "Crashing is a technique used to shorten the schedule duration for the...
by coolpmp69
Tue Feb 17, 2015 10:13 pm
Forum: PMP® Open Forum
Topic: Crashing question
Replies: 4
Views: 1983

Crashing question

5 tasks have to be completed one after another in your project. The contract with sponsor contains very strict penalties for project delay. The schedule reveals that the project has a negative float of 3 months. Which of the following task(s) should be crashed to bring the project on schedule? Refer...
by coolpmp69
Tue Feb 17, 2015 9:39 pm
Forum: PMP® Open Forum
Topic: Webinar on " Collecting Requirements " : Poll 1
Replies: 3
Views: 1027

Re: Webinar on " Collecting Requirements " : Poll 1

c. Collect Requirement
by coolpmp69
Tue Feb 17, 2015 2:34 pm
Forum: PMP® Exam Lessons – Success Stories
Topic: Passed My PMP Exam
Replies: 12
Views: 2960

Re: Passed My PMP Exam

Congrats Pankaj.
by coolpmp69
Fri Feb 13, 2015 2:00 pm
Forum: PMP® Open Forum
Topic: Confusing question
Replies: 3
Views: 1195

Re: Confusing question

Thanks..I liked your opening statement "Because customer is the king. :D :D :D "
Make sense now after reading your explanation :)
by coolpmp69
Thu Feb 12, 2015 4:50 pm
Forum: PMP® Open Forum
Topic: Confusing question
Replies: 3
Views: 1195

Confusing question

the VP of customer service has expressed concern over a project in which you are involved. His specific concern is that if the project is implemented as planned, he'll have to purchase additional equipment to staff his customer service center. The cost was not taken into consideration in the project...
by coolpmp69
Thu Feb 12, 2015 4:01 pm
Forum: PMP® Open Forum
Topic: Question - sponsor is unhappy with the project estimate
Replies: 4
Views: 1388

Question - sponsor is unhappy with the project estimate

I don't remember the source of this question. In my understanding option C is correct. Any other thought? -------------------------------------- The project sponsor has asked to meet with the project manager to discuss project costs. The sponsor is unhappy with the project estimate, as she feels the...
by coolpmp69
Sun Feb 08, 2015 8:26 pm
Forum: PMP® Open Forum
Topic: ITTO
Replies: 4
Views: 1392

Re: ITTO

Understanding ITTO will suffice for PMP.
by coolpmp69
Thu Feb 05, 2015 2:11 pm
Forum: PMP® Open Forum
Topic: Organizational structures and reporting
Replies: 1
Views: 745

Re: Organizational structures and reporting

Based on the org. type PM role and reporting varies. In PMBOK, table 2-1 on page 22 provides the details 1. Functional Organization: Refer to page 22 in PMBOk, in functional org. there is no much concept of separate project management as each functional manager handles the projects along with its ma...
by coolpmp69
Wed Feb 04, 2015 4:33 pm
Forum: PMP® Open Forum
Topic: Another acitivity duration question
Replies: 4
Views: 1482

Re: Another acitivity duration question

Thanks Saket!!
by coolpmp69
Wed Feb 04, 2015 4:33 pm
Forum: PMP® Open Forum
Topic: EMV question
Replies: 4
Views: 1366

Re: EMV question

Thanks Saket for the clarification! I don't remember the source of this question. Indeed the options in the question doesn't seem to be right so thought of clarifying here.
by coolpmp69
Tue Feb 03, 2015 4:45 pm
Forum: PMP® Open Forum
Topic: Another question on stakeholder
Replies: 2
Views: 799

Re: Another question on stakeholder

thanks again pank_pmp !
by coolpmp69
Tue Feb 03, 2015 3:23 pm
Forum: PMP® Open Forum
Topic: Another question on stakeholder
Replies: 2
Views: 799

Another question on stakeholder

You will not be handling a large project with multiple departments & suppliers participating. Stakeholder management will be key for your success. You expect politics, conflicts, and personal gains coming in the way of project’s success. How do you handle the politics between all the stakeholder...
by coolpmp69
Tue Feb 03, 2015 3:08 pm
Forum: PMP® Open Forum
Topic: Another acitivity duration question
Replies: 4
Views: 1482

Re: Another acitivity duration question

I solved it little differently than yours..
duration = activity A duration +activity B duration - Lead
= 10+6-3 = 13 days

Is my method acceptable ?
by coolpmp69
Tue Feb 03, 2015 3:05 pm
Forum: PMP® Open Forum
Topic: Solve this question please
Replies: 3
Views: 1234

Re: Solve this question please

Thanks for your help. I followed the same steps excepting that I missed negative sign for the cost saving...my bad :(
by coolpmp69
Tue Feb 03, 2015 2:51 pm
Forum: PMP® Open Forum
Topic: Another question
Replies: 2
Views: 890

Re: Another question

Got it now..thanks!

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