Search found 282 matches

by coolpmp69
Thu Aug 06, 2015 1:19 pm
Forum: PMP® Open Forum
Topic: risk update
Replies: 7
Views: 3030

Re: risk update

I think option D is correct. when you say probability of a risk has reduced to zero...it implies that particular risk (opportunity/threat) does not impact your project anymore so you can mark that in your risk response as close. You always update your risk register throughout the project and accordi...
by coolpmp69
Wed Aug 05, 2015 1:46 pm
Forum: PMP® Open Forum
Topic: Verifying product
Replies: 4
Views: 2306

Re: Verifying product

I think the correct answer would be closing process group as you are now verifying that the product meets the specifications outlined in the project management plan. As this option is not given, I would go with Monitor and Controlling (option B). Also the question ask which process group so even if ...
by coolpmp69
Wed Aug 05, 2015 1:36 pm
Forum: PMP® Open Forum
Topic: Constraint or Necessity ?
Replies: 1
Views: 1168

Re: Constraint or Necessity ?

Constraint is any limiting factor that affects the project. So in this case, organizational guidelines of utilizing at least 25% of work to be done from a remote location is a limiting factor. It is a Constraint
So option A would be the right answer
by coolpmp69
Wed Aug 05, 2015 1:18 pm
Forum: PMP® Open Forum
Topic: Prevention vs inspection
Replies: 1
Views: 3106

Re: Prevention vs inspection

The correct answer is option c - Prevention refers to keeping errors out of the process whereas inspection refers to keeping errors out of the hands of the customer Both inspection and prevention are quality assurance (QA) aspects and falls under conformance category. Quality Control (QC) only verif...
by coolpmp69
Wed Aug 05, 2015 1:10 pm
Forum: PMP® Open Forum
Topic: Float Question
Replies: 1
Views: 1440

Re: Float Question

you are right...correct answer is free float.
by coolpmp69
Mon Aug 03, 2015 7:04 pm
Forum: PMP® Open Forum
Topic: Phase gate
Replies: 1
Views: 1664

Re: Phase gate

correct answer - The order of phases must be strictly consecutive without overlapping in order to allow for gates.

There are 3 types of relationships between individual phases -overlapping, sequential, parallel
by coolpmp69
Mon Aug 03, 2015 6:55 pm
Forum: PMP® Open Forum
Topic: Lesson learnt
Replies: 9
Views: 3476

Re: Lesson learnt

Go and Check in Rita. I think the answer stakeholder as per Rita.
by coolpmp69
Mon Aug 03, 2015 6:47 pm
Forum: PMP® Open Forum
Topic: Cummunication managment
Replies: 10
Views: 5040

Re: Cummunication managment

I meant to say option D not option C.
by coolpmp69
Mon Aug 03, 2015 2:29 pm
Forum: PMP® Open Forum
Topic: Cummunication managment
Replies: 10
Views: 5040

Re: Cummunication managment

Option C - Interrupting is the best answer. Active listener will not interrupt until the speaker finishes and give his/her inputs only after speaker completes.
by coolpmp69
Mon Aug 03, 2015 2:20 pm
Forum: PMP® Open Forum
Topic: project a vs project b
Replies: 20
Views: 10506

Re: project a vs project b

This question is from one of your free practice test and the correct answer is 3rd. option based on CV calculation.
by coolpmp69
Thu Jul 30, 2015 3:16 pm
Forum: PMP® Open Forum
Topic: project a vs project b
Replies: 20
Views: 10506

Re: project a vs project b

I also think 3rd option is correct. Here is the calculation CV = EV-AC CV for Project A = $2,400,000 – $2,100,000 = $200,000 (under budget) CV for project B = $1,600,000 – $1,700,000 = -$100,000 ( over budget) So by shifting resources from Project A to B the consolidated cost variance of both the pr...
by coolpmp69
Thu Jul 30, 2015 3:09 pm
Forum: PMP® Open Forum
Topic: Inspection
Replies: 1
Views: 1116

Re: Inspection

"Inspection: Examining or measuring to verify whether an activity, component, product, result, or service conforms to specified requirements." (PMBOK Glossary)
So Inspection is done for a single activity or for the final product of the project but not for the whole project.
by coolpmp69
Tue Jul 28, 2015 4:04 pm
Forum: PMP® Open Forum
Topic: Mock Exam
Replies: 3
Views: 1581

Re: Mock Exam

Try mock exam from Scordo, Oliver Lehman, TechFaq’s, Brain Bok etc . If you have PMI membership then you can access Christopher Scordo book for free.
by coolpmp69
Tue Jul 28, 2015 1:03 pm
Forum: PMP® Open Forum
Topic: Develop project management process
Replies: 4
Views: 1840

Re: Develop project management process

Here are the list of Outputs from Other Processes (Page # 73 in PMBOK) • Communications management plan • Cost management plan • Human resource plan • Procurement management plan • Process improvement plan • Quality management plan • Requirements management plan • Risk management plan • Schedule man...
by coolpmp69
Tue Jul 28, 2015 12:59 pm
Forum: PMP® Open Forum
Topic: Scope management@validate scope
Replies: 2
Views: 1173

Re: Scope management@validate scope

Validate scope involves formal acceptance of the project deliverables by the customer. This process makes sure that the deliverable meets the project scope as defined in WBS, scope statement etc. where as control scope is a process that controls the scope of the entire project and make sure that cha...
by coolpmp69
Thu Jul 23, 2015 4:40 pm
Forum: PMP® Open Forum
Topic: PMP question on Procurement mng. Contactor and Subcontactor
Replies: 1
Views: 1252

Re: PMP question on Procurement mng. Contactor and Subcontac

Indirect costs are costs that are not directly accountable to the project but are accountable to other costs (such as leasing an office space, use of shared office printer, admin personnel etc). Indirect costs may be either fixed or variable and are also called as overhead. In the given question, th...
by coolpmp69
Tue Jul 21, 2015 6:21 pm
Forum: PMP® Open Forum
Topic: who write the Project Charter?
Replies: 9
Views: 3095

Re: who write the Project Charter?

I will go with option d. Project charter is authorized by Executive Management. PM can/assist in writing project charter if identified early in the project.
by coolpmp69
Tue Jul 21, 2015 12:53 pm
Forum: PMP® Open Forum
Topic: Validated Changes -
Replies: 4
Views: 1825

Re: Validated Changes -

I'm not sure if I understood your thoughts correctly. Let me give it a try Validated changes are output of control quality process and are input to monitor and control project work process. Validated changes are not input to Perform integrated change control process In control quality, you validate ...
by coolpmp69
Tue Jul 14, 2015 12:58 pm
Forum: PMP® Open Forum
Topic: question
Replies: 5
Views: 3569

Re: question

what's the correct answer?
by coolpmp69
Mon Jul 13, 2015 1:49 pm
Forum: PMP® Open Forum
Topic: PMP Question
Replies: 2
Views: 1264

Re: PMP Question

Padding : Adding arbitrary numbers/values to cope with the project uncertainties while estimating project without proper planning Creating Reserve: Calculating project estimation after considering project's KNOWN risks and including them and their responses while planning risk management process. Th...
by coolpmp69
Mon Jul 13, 2015 1:34 pm
Forum: PMP® Open Forum
Topic: question
Replies: 5
Views: 3569

Re: question

Here's my calculation: Expected value of the project completion date, tE= 30 May. Based on standard bell curve distribution, Probability of completing project before tE+1σ = 50 + (68.27/2) = 84.14%, and Probability of completing project before tE+2σ = 50 + (94.46/2) = 97.23% Accepted delay in projec...
by coolpmp69
Thu Jul 09, 2015 12:56 pm
Forum: PMP® Open Forum
Topic: Reports
Replies: 1
Views: 1141

Re: Reports

On page 59 in PMBOK, please see the figure 3.5 regarding the processes that produce these 3 reports.
by coolpmp69
Thu Jul 02, 2015 1:03 pm
Forum: PMP® Open Forum
Topic: Estimate cost - Project Cost Managment
Replies: 4
Views: 1704

Re: Estimate cost - Project Cost Managment

One important feature of activity cost estimate to document as to how the estimate was determined. This can be done either by using Analogous and Parametric estimates to get the gross estimates of the project that are similar in all aspects to the historic/previous projects. At different stages of t...
by coolpmp69
Fri Jun 26, 2015 7:03 pm
Forum: PMP® Open Forum
Topic: Another query
Replies: 10
Views: 5115

Re: Another query

I think the correct answer is - Discuss it with Project team (option A) first before meeting the customer (option D)
by coolpmp69
Fri Jun 26, 2015 7:02 pm
Forum: PMP® Open Forum
Topic: query
Replies: 3
Views: 1643

Re: query

Correct answer - Validate Scope
by coolpmp69
Tue Jun 16, 2015 2:43 pm
Forum: PMP® Open Forum
Topic: Question - Tool and Technique
Replies: 9
Views: 3600

Re: Question - Tool and Technique

Correct answer - Expert judgment
other 3 options do not belong to Monitor and Control Project Work
by coolpmp69
Tue Jun 16, 2015 2:40 pm
Forum: PMP® Open Forum
Topic: Question
Replies: 3
Views: 1786

Re: Question

I agree with AM1969...correct answer is 2nd option. Key stakeholders are not interested in minor details of the project but rather like to know the current status of the project, issue risks etc that may hamper the project completion. So from the given options, Project management processes selected ...
by coolpmp69
Mon Jun 15, 2015 12:50 pm
Forum: PMP® Exam Lessons – Success Stories
Topic: Shukriya :)
Replies: 11
Views: 5402

Re: Shukriya :)

Congratulations Celina!
by coolpmp69
Wed Jun 10, 2015 1:22 pm
Forum: PMP® Open Forum
Topic: Quampus Q - Cost Mgmt
Replies: 1
Views: 1861

Re: Quampus Q - Cost Mgmt

when EV (total value for the work accomplished)=BAC(total planned value for the project) then it that implies that your project is completed --> option d is the correct answer PMBOK says at the project completion, SV=0 because your PV=EV as whatever you have planned your project work to be done in t...
by coolpmp69
Wed Jun 10, 2015 1:03 pm
Forum: PMP® Exam Lessons – Success Stories
Topic: Passed PMP with 4P/1MP
Replies: 8
Views: 5074

Re: Passed PMP with 4P/1MP

Congrats...good to hear that we were able to help you during your pmp journey!!

Coolpmp69
by coolpmp69
Tue Jun 02, 2015 1:24 pm
Forum: PMP® Open Forum
Topic: PMP
Replies: 4
Views: 1947

Re: PMP

Project charter is created with the help from sponsor and or executive management/project manager. Here only key stakeholder/sponsor/customer information is available in the charter. Once the charter is approved and the project is assigned to the project manager. Then project manager and the project...
by coolpmp69
Tue Jun 02, 2015 1:20 pm
Forum: PMP® Open Forum
Topic: PMP
Replies: 2
Views: 1512

Re: PMP

I think you are mentioning about the Motivation Theory: McGregor’s X & Y Theory Theory X: People tends to be negative, passive and avoid responsibility. They need to be watched constantly. Example - micromanagement Theory Y : People tends to be positive and are willing to work without much super...
by coolpmp69
Tue Jun 02, 2015 1:11 pm
Forum: PMP® Open Forum
Topic: PMP
Replies: 1
Views: 934

Re: PMP

In short, In centralized, there is separate procurement department in the larger organization and procurements are managed by procurement or contract Managers. All procurement related paperwork is handled by procurement or contract Managers. In decentralized, there is no single procurement departmen...
by coolpmp69
Tue Jun 02, 2015 1:10 pm
Forum: PMP® Open Forum
Topic: project management
Replies: 1
Views: 1164

Re: project management

Project management plan is a primary document that is used to manage a project. It comprises of subsidiary plans like communication management plan, risk management plan, milestones, schedule, cost etc. Project documents are not primary documents but contain information that is not in the management...
by coolpmp69
Mon Jun 01, 2015 1:29 pm
Forum: PMP® Open Forum
Topic: Need Suggestion as Exam date in 2 weeks
Replies: 4
Views: 2004

Re: Need Suggestion as Exam date in 2 weeks

edwell pmp link seems to be broken since a long time. I tried accessing it sometime in Jan/Feb this year but never succeed. So I suggest you to try some alterative mock exams. Follow Saket's tip as it is very useful to know why and where did you go wrong while answering the mock test to fill in your...
by coolpmp69
Mon Jun 01, 2015 1:20 pm
Forum: PMP® Open Forum
Topic: Quampus Q - HR Mgmt
Replies: 4
Views: 1740

Re: Quampus Q - HR Mgmt

Based on the given options, only option D - Communication among teams stands out from the rest. Good communication among the team is required irrespective of whether the team is virtual or not to work as a cohesive and effective team so it is not a barrier.
by coolpmp69
Mon Jun 01, 2015 1:16 pm
Forum: PMP® Open Forum
Topic: Procurement Mgmt
Replies: 4
Views: 2752

Re: Procurement Mgmt

Undocumented change to contract is constructive change.
by coolpmp69
Mon Jun 01, 2015 1:14 pm
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 9th Question
Replies: 3
Views: 2140

Re: Lehmann Q

@Celina: Here is the calculation for the answer - option D Current number of stakeholders =5 Current number of communication channels (before fast tracking) =5 * (5-1) /2 = 10 After fast tracking, total number of stakeholders = 5+5= 10 so number of communication channels after fast tracking = 10 *(1...
by coolpmp69
Thu May 28, 2015 2:49 pm
Forum: PMP® Open Forum
Topic: Scordo Q - Stakeholder Mgmt
Replies: 3
Views: 2509

Re: Scordo Q - Stakeholder Mgmt

@ Celina: My viewpoints are similar to Pankaj's for this question. Certainly Stakeholder register, Risk register and Stakeholder management plan gets updated as soon as any new stakeholder joins the project team. The issue log will only get updated if there are any new issues during the course of th...
by coolpmp69
Wed May 27, 2015 1:11 pm
Forum: PMP® Open Forum
Topic: Communication Mgmt - Q
Replies: 9
Views: 3271

Re: Communication Mgmt - Q

Even if it a 2 digit number, you still need to solve the equation to get the number of stakeholders.
by coolpmp69
Thu May 21, 2015 1:33 pm
Forum: PMP® Open Forum
Topic: Scordo Q - HR Mgmt
Replies: 9
Views: 4187

Re: Scordo Q - HR Mgmt

I agree with Manishpn. As a lead of team D, you need to inform the status to your manager first. Assuming this is in case of matrix org, manager of team C and D can then meet and sort the problems for the repeated delays of team C. As mentioned in Rita, if the org type is not given in the question t...
by coolpmp69
Wed May 20, 2015 1:23 pm
Forum: PMP® Open Forum
Topic: Quality Management
Replies: 1
Views: 1215

Re: Quality Management

From PMBOK - "The process improvement plan details the steps for analyzing project management and product development processes to identify activities that enhance their value" but this is not directly involved in lessons learnt documentation. Quality control process determines if the proj...
by coolpmp69
Wed May 20, 2015 1:03 pm
Forum: PMP® Open Forum
Topic: Scordo Q - Risk Mgmt
Replies: 7
Views: 2510

Re: Scordo Q - Risk Mgmt

The correct answer is a. Templates. Templates are apart of OPA and are used as input/reference for identifying the risk management plan design and the components to be included. However, they are not themselves included in the plan. Risk management plan contains (refer to page 316 in PMBOK) a. Metho...
by coolpmp69
Tue May 19, 2015 2:29 pm
Forum: PMP® Open Forum
Topic: Webinar on Contract Management : POLL
Replies: 8
Views: 3513

Re: Webinar on Contract Management : POLL

The contract will be closed as per the contract closure guidelines as listed in the contract if the buyer does not want to proceed with the contract. Based on the contract type (T&M , FP,CP and their variants) , the seller gets paid for the work completed and/work in progress deliverable .
by coolpmp69
Fri May 15, 2015 1:27 pm
Forum: PMP® Open Forum
Topic: Scordo Q
Replies: 3
Views: 1674

Re: Scordo Q

"Conduct Procurements—The process of obtaining seller responses, selecting a seller, and awarding a contract" As per the question, Vendor selection and management falls under conduct procurement. I think 'documentation of lessons learned' is to trick to deviate from choosing the right answ...
by coolpmp69
Fri May 15, 2015 1:14 pm
Forum: PMP® Open Forum
Topic: float on critical path
Replies: 4
Views: 2157

Re: float on critical path

In my opinion: Critical path is determined after doing forward and backward pass. So any path that has a value of zero total float is a critical path. You may get positive and negative float while computing forward and backward pass. This values help in identifying the activities that needs to be ad...
by coolpmp69
Thu May 14, 2015 1:37 pm
Forum: PMP® Open Forum
Topic: Webinar on Contract Management : POLL
Replies: 8
Views: 3513

Re: Webinar on Contract Management : POLL

Letter of Intent outlines an agreement plan between 2 or more parties but the parties have not signed this document. So this is not considered as a contract.
by coolpmp69
Wed May 13, 2015 12:59 pm
Forum: PMP® Open Forum
Topic: Q from Scordo
Replies: 5
Views: 2369

Re: Q from Scordo

The correct answer is B. The cost associated at the beginning of the project is highest
See the figure 2.9 on page 40 in PMBOK
by coolpmp69
Fri May 08, 2015 2:31 pm
Forum: PMP® Open Forum
Topic: Webinar on Change Management : Poll 2
Replies: 4
Views: 2212

Re: Webinar on Change Management : Poll 2

Yes, if the requested change is not a part of project charter or scope statement so there is no point in raising a CR and following change control process.

Go to advanced search