Search found 282 matches

by coolpmp69
Tue Feb 03, 2015 2:32 pm
Forum: PMP® Open Forum
Topic: PM tecnical skills?
Replies: 3
Views: 1596

Re: PM tecnical skills?

@ pank_pmp: agree with you and your thoughts. Thanks!
Question source : passionatepmp
by coolpmp69
Mon Feb 02, 2015 9:35 pm
Forum: PMP® Open Forum
Topic: PM tecnical skills?
Replies: 3
Views: 1596

PM tecnical skills?

Does the PM need to have the technical skill? In mu understanding having PM skills and knowledge is adequate to manager the project but the below question kind of confused me so I need your guidance here. Question: In general, a PM's technical skills: A. should not be considered when selecting a PM ...
by coolpmp69
Mon Feb 02, 2015 9:24 pm
Forum: PMP® Open Forum
Topic: Solve this question please
Replies: 3
Views: 1739

Solve this question please

As you evaluate a vendor bid of #350,000 you take into consideration the probability and impact of any delays. You determine that there is 65% probability that the vendor will come in behind schedule at a cost of $125,000 and there is a 35% risk that the vendor will come in early for a savings of $5...
by coolpmp69
Mon Feb 02, 2015 9:15 pm
Forum: PMP® Open Forum
Topic: EMV question
Replies: 4
Views: 2180

EMV question

You are conducting a quantitative risk analysis project in relation profits earned from a new product. The estimated profit is $350,000. There is 20% chance that it will exceed expectation value of $180,000, there is 50% chance it will meet expectations at the value of $40,000 and 30% chance it will...
by coolpmp69
Mon Feb 02, 2015 9:10 pm
Forum: PMP® Open Forum
Topic: Another acitivity duration question
Replies: 4
Views: 1985

Another acitivity duration question

Activity A has a finish-to-start relationship with Activity B. Activity A has a duration of 10 days. Activity B has a duration of 6 days with 3-day lead. What is the duration of this activities?
a. 16 days
b. 19 days
c. 10 days
d. 13 days.
by coolpmp69
Mon Feb 02, 2015 9:08 pm
Forum: PMP® Open Forum
Topic: Activity Duration Question
Replies: 3
Views: 2343

Activity Duration Question

Activity A has duration of 6 days and 4 days of free float. The ES of the successor activity, activity B is day 18. If activity A is delayed by 7 days, what is the adjusted ES of activity B? A. Day 31 B. Day 25 C. Day 21 D. Day11 The correct answer is C. Day 21.please explain how? Also appreciate if...
by coolpmp69
Mon Feb 02, 2015 5:59 pm
Forum: PMP® Open Forum
Topic: Another question
Replies: 2
Views: 1264

Another question

Based on the given info in the question, I picked C as my answer but the correct answer is A. Can anybody explain why? --------------------------------- You have just been assigned to a project and you discover that feasibility analysis and decision to go ahead is already made. Further you find that...
by coolpmp69
Mon Feb 02, 2015 5:56 pm
Forum: PMP® Open Forum
Topic: Help with this question
Replies: 1
Views: 1131

Help with this question

For the below question, I thought the correct answer is B but the correct answer is D - critical chain method. Any some one explain me why? You are into Schedule development phase of your project. You have been asked to emphasize on resources required to do project tasks, more than task orders or sc...
by coolpmp69
Mon Feb 02, 2015 2:17 pm
Forum: PMP® Open Forum
Topic: Control procurement inputs?
Replies: 3
Views: 1915

Re: Control procurement inputs?

thanks!
by coolpmp69
Fri Jan 30, 2015 2:15 pm
Forum: PMP® Open Forum
Topic: Control procurement inputs?
Replies: 3
Views: 1915

Control procurement inputs?

why do we have work performance data and work performance report in control procurement as inputs ? I understand that they come from different process but still don't understand how do they exist together?
by coolpmp69
Sun Jan 25, 2015 1:40 am
Forum: PMP® Open Forum
Topic: positive and negative float examples
Replies: 3
Views: 1878

Re: positive and negative float examples

thanks..that was really helpful.
by coolpmp69
Sun Jan 25, 2015 1:40 am
Forum: PMP® Open Forum
Topic: Funding Limit reconciliation
Replies: 4
Views: 7402

Re: Funding Limit reconciliation

Thanks everyone..makes sense now
by coolpmp69
Sat Jan 24, 2015 2:43 am
Forum: PMP® Open Forum
Topic: Funding Limit reconciliation
Replies: 4
Views: 7402

Funding Limit reconciliation

Can anybody explain in simple words as to what is Funding Limit reconciliation as PMBOK is confusing? Are we comparing the project cost (cost baseline) with the a planned /budgeted amount and adjusting them?
by coolpmp69
Thu Jan 22, 2015 2:27 pm
Forum: PMP® Open Forum
Topic: positive and negative float examples
Replies: 3
Views: 1878

positive and negative float examples

Can anyone explain using examples how to calculate positive and negative float. I have viewed Saket's video on Critical path and understand the concept of total and free float.

Thanks in advance.
by coolpmp69
Mon Jan 12, 2015 2:10 pm
Forum: PMP® Open Forum
Topic: Resource required
Replies: 5
Views: 2121

Re: Resource required

I think the answer should be D. Train another resource within your project. Based on the question, I believe the project is in execution phase . As the project team lacks the necessary skills the project work, as a PM you need to develop your project team by enhancing their skills by mentoring, coac...
by coolpmp69
Mon Jan 12, 2015 2:00 pm
Forum: PMP® Open Forum
Topic: report on project performance in executing phase ??
Replies: 5
Views: 2575

Re: report on project performance in executing phase ??

Thank you all for your valuable inputs.
by coolpmp69
Fri Jan 09, 2015 2:15 pm
Forum: PMP® Open Forum
Topic: report on project performance in executing phase ??
Replies: 5
Views: 2575

Re: report on project performance in executing phase ??

@ pank_pmp I am aware of variances and their impact on the project. However my understanding is that after performing all type of project analysis (Reserve analysis, trend analysis, EVM and variance analysis etc. ) in monitoring and controlling phase, PM communicates the project performance report t...
by coolpmp69
Thu Jan 08, 2015 5:36 pm
Forum: PMP® Open Forum
Topic: report on project performance in executing phase ??
Replies: 5
Views: 2575

report on project performance in executing phase ??

Why do you report on project performance in executing phase?
by coolpmp69
Mon Dec 08, 2014 2:59 pm
Forum: PMP® Open Forum
Topic: Number of sponsors on the project ??
Replies: 8
Views: 3535

Re: Number of sponsors on the project ??

Thanks all for adding in your thoughts here...
by coolpmp69
Sun Dec 07, 2014 1:57 am
Forum: PMP® Open Forum
Topic: Number of sponsors on the project ??
Replies: 8
Views: 3535

Re: Number of sponsors on the project ??

Saket, can you please intervene here and help me understand this question. Thanks in advance.
by coolpmp69
Sat Dec 06, 2014 2:36 pm
Forum: PMP® Open Forum
Topic: Head First - Conflict Resolution
Replies: 5
Views: 2294

Re: Head First - Conflict Resolution

I agree with Ranjit...the answer is smoothing , Option C Smoothing in "Emphasizing areas of agreement rather than areas of difference" so in this example, PM acknowledges as team members believe that there is problem and it needs to be addressed but pushes the fix to a later date as it cur...
by coolpmp69
Fri Dec 05, 2014 6:24 pm
Forum: PMP® Open Forum
Topic: Number of sponsors on the project ??
Replies: 8
Views: 3535

Re: Number of sponsors on the project ??

I went through Rita's argument but still not convinced and have not got the clear understanding as there are so many angles to look at. Thanks anyways bs_pani for your help.
by coolpmp69
Fri Dec 05, 2014 1:57 pm
Forum: PMP® Open Forum
Topic: Number of sponsors on the project ??
Replies: 8
Views: 3535

Number of sponsors on the project ??

I came across the below question online and now it made me confuse about the number of sponsors on project. You have just taken over an important project for your organization that is in the planning stages and you realize that seven individuals have signed the project charter. What should you be mo...
by coolpmp69
Thu Dec 04, 2014 4:36 pm
Forum: PMP® Open Forum
Topic: Distributions
Replies: 14
Views: 4202

Re: Distributions

@ bs_pani If you see skewedness of data especially in the right tail in the normal distribution then it is due to large number of positive outliers. In such case you would plot a log normal distribution of the same data so that you would get a closer to normal curve (of course Log normal distributio...
by coolpmp69
Thu Dec 04, 2014 4:18 pm
Forum: PMP® Open Forum
Topic: Question on Multi Phase project.
Replies: 4
Views: 2397

Re: Question on Multi Phase project.

The correct answer is option D. Being a multi phase project, each phase may have some deliverables and they need to be validated and accepted by the customer before the project team proceed with the next phase work. so having phase closure at the end of each phase helps in handing over the deliverab...
by coolpmp69
Thu Dec 04, 2014 4:06 pm
Forum: PMP® Open Forum
Topic: Distributions
Replies: 14
Views: 4202

Re: Distributions

Logarithmic distribution is log normal of the distribution
by coolpmp69
Wed Dec 03, 2014 5:31 pm
Forum: PMP® Open Forum
Topic: Distributions
Replies: 14
Views: 4202

Re: Distributions

Please disregard my previous post...posted it in the wrong thread. Sorry for the confusion
by coolpmp69
Wed Dec 03, 2014 5:01 pm
Forum: PMP® Open Forum
Topic: Release team no longer a viable step as part of Close proces
Replies: 3
Views: 2017

Re: Release team no longer a viable step as part of Close pr

In my understanding, project resources are released anytime in the project, after their work in completed, accepted by the customer and they have completed any type of the required documentation. Example: In the house construction project, electrician can leave after he completes the wiring work and...
by coolpmp69
Wed Dec 03, 2014 4:50 pm
Forum: PMP® Open Forum
Topic: Distributions
Replies: 14
Views: 4202

Re: Distributions

So far on the mock test and other forums I haven't seen any probability questions. Also PMBOK and Rita does not provide any details on these areas. Experts please advice
by coolpmp69
Tue Nov 25, 2014 4:11 pm
Forum: PMP® Open Forum
Topic: 3 Questions on Integration Management
Replies: 5
Views: 2247

Re: 3 Questions on Integration Management

Q1: Answer - Issue log Justification: From the question, it seems that you are already in executing phase and any issues/problems that arise during project work are documented in issue log. Issues are the events that are happening right now in your project. In other words, issue are current/present ...
by coolpmp69
Mon Nov 24, 2014 2:24 pm
Forum: PMP® Open Forum
Topic: Help with this question
Replies: 3
Views: 1933

Re: Help with this question

Thanks Ranjit. That's very helpful and easy to u'stand
by coolpmp69
Fri Nov 21, 2014 3:38 pm
Forum: PMP® Open Forum
Topic: Help with this question
Replies: 3
Views: 1933

Help with this question

I found the below question on one of the online practice test. Can someone explain as to how to solve this type of problems for pmp exam....thanks. You are currently negotiating a FPIF contract. The target cost = $400,000 with a target profit of 15%. The incentive split has been decided as 60/40. As...

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