Search found 473 matches

by jyotimayank
Fri Dec 23, 2016 12:07 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 43rd Question
Replies: 3
Views: 2817

Oliver 175 - 43rd Question

Question 43 While applying procurement management processes in your project, you identified the need to gain a more objective understanding of sellers’ capabilities in order to rank proposals and develop a negotiating sequence. Which technique may help avoid bias and subjective decisions best? A. Bi...
by jyotimayank
Fri Dec 23, 2016 11:41 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 41st Question
Replies: 3
Views: 3093

Oliver 175 - 41st Question

Question 41 During project execution you found out that work is often not performed at the right time and in the right order. Deliverables are made by one team member that cannot be processed by another one. This already leads to timely rework and bad morale among team members. Which project managem...
by jyotimayank
Fri Dec 23, 2016 10:59 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 39th Question
Replies: 2
Views: 2626

Re: Oliver 175 - 39th Question

Yes Housam the correct answer is option A. Refer to page 123 of PMBOK® Guide 5th Edition According to the PMBOK® Guide, the project scope statement should include all of the following: • Product scope description • Product acceptance criteria • Project deliverables • Project exclusions • Project con...
by jyotimayank
Fri Dec 23, 2016 10:43 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 36th Question
Replies: 2
Views: 2434

Re: Oliver 175 - 36th Question

Yes Housam you are right, the correct answer is option C. Refer to page 72 of PMBOK® Guide 5th Edition Project charters are often used as a means to introduce a project to the organization. This document outlines the high-level project description, the business opportunity or need, and the project’s...
by jyotimayank
Thu Dec 22, 2016 6:42 am
Forum: PMP® Open Forum
Topic: 45 days PMP study plan
Replies: 3
Views: 2444

Re: 45 days PMP study plan

Hi Shiva,
The 45 days study plan is recommended plan which you can squeeze/stretch as per your convenince. If you are not able to devote much time you can split 1 day in two and follow the plan as per your convenience.
by jyotimayank
Tue Dec 20, 2016 2:26 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 39th Question
Replies: 2
Views: 2626

Oliver 175 - 39th Question

Question 39
Product acceptance criteria should be laid down in which document?

A. Project scope statement
B. Work breakdown structure
C. Resource assignments
D. Project scope management plan
by jyotimayank
Tue Dec 20, 2016 2:21 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 36th Question
Replies: 2
Views: 2434

Oliver 175 - 36th Question

Question 36 You recently took over the assignment for a project. The project charter has been developed. What is an appropriate next step for you? A. Develop the risk register. B. Develop the project milestone schedule. C. Develop management plans. D. Get approval for the project management plan.
by jyotimayank
Tue Dec 20, 2016 2:16 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 34th Question
Replies: 2
Views: 2730

Re: Oliver 175 - 34th Question

Yes the correct answer is option B. EV = CV + AC = $ 4,000,000 - $ 500,000 = $3500,000 Refer to page 216-219 of PMBOK® Guide 5th Edition The planned value (PV) is the cost of work that has been authorized and budgeted for a schedule activity or WBS component during a given time period or phase. Actu...
by jyotimayank
Tue Dec 20, 2016 1:53 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 31st Question
Replies: 2
Views: 2624

Re: Oliver 175 - 31st Question

Yes Vikram the correct answer is option A. Refer to page 252 of PMBOK® Guide 5th Edition Inspection involves physically looking at, measuring, or testing results to determine whether they conform to the requirements or quality standards. It’s a tool used to gather information and improve results. In...
by jyotimayank
Mon Dec 19, 2016 12:31 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 34th Question
Replies: 2
Views: 2730

Oliver 175 - 34th Question

Question 34
For a project, the following earned value data have been assessed:

AC: $ 4,000,000
CV: $ -500,000
SPI: 1.12
BAC: $ 9,650,000
What is the earned value of the project?
A. $3,000,000
B. $3,500,000
C. $4,480,000
D. $5,650,000
by jyotimayank
Mon Dec 19, 2016 12:21 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 31st Question
Replies: 2
Views: 2624

Oliver 175 - 31st Question

Question 31 You are the project manager for the development of a new type of power plant. Your project is making fast progress, and it is getting nearer to the day of product acceptance. Which technique will be most important for product acceptance? A. Inspection B. Quality audit C. Impact analysis...
by jyotimayank
Mon Dec 19, 2016 12:15 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 25th Question
Replies: 2
Views: 9190

Re: Oliver 175 - 25th Question

Yes Vikram the correct answer is option D. Refer to page 277 (9.3.2.6 )of PMBOK® Guide 5th Edition It is important to recognize that a particular reward given to any individual is effective if it is valued by him. Cultural differences should be considered when determining Recognition and Rewards. Re...
by jyotimayank
Mon Dec 19, 2016 12:01 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 28th Question
Replies: 2
Views: 6988

Re: Oliver 175 - 28th Question

The correct answer is option A. Refer to page 31 of PMBOK® Guide 5th Edition Stakeholders have varying levels of responsibility and authority when participating on a project. Their involvement may range from occasional contributions in surveys and focus groups to full project sponsorship which inclu...
by jyotimayank
Mon Dec 19, 2016 11:45 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 27th Question
Replies: 3
Views: 15794

Re: Oliver 175 - 27th Question

Yes Vikram and Housam the correct answer is option C. In order to determine potential impact, it’s important for the project manager to understand each stakeholder’s role in the project and in the organization. Get to know them and their interests. Determine the relationship structure among the vari...
by jyotimayank
Mon Dec 19, 2016 6:05 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Passed the PMP exam
Replies: 5
Views: 14268

Re: Passed the PMP exam

Dear Tushar,

Heartiest congrtulations!!! on your success. :)
by jyotimayank
Fri Dec 16, 2016 12:46 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 28th Question
Replies: 2
Views: 6988

Oliver 175 - 28th Question

Question 28 28. You are in the process of planning a project and found that stakeholders often have varying objectives and requirements. This makes it hard to come up with a plan with which all objectives will be met. What is probably most helpful to ensure common understanding? A. Ask the project ...
by jyotimayank
Fri Dec 16, 2016 12:44 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 27th Question
Replies: 3
Views: 15794

Oliver 175 - 27th Question

Question 27 27. You have just taken over as manager of a project that will create many benefits for the performing organization, but you sense a high level of resistance in various stakeholders right from the start. What is the most appropriate action to resolve the problem? A. Develop a responsibi...
by jyotimayank
Fri Dec 16, 2016 12:41 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 25th Question
Replies: 2
Views: 9190

Oliver 175 - 25th Question

Question 25 As a project manager, when should you especially consider cultural differences? A. When you break down scope to create a work breakdown structure (WBS). B. When you assign a human resources to do the work in a schedule activity. C. When you develop acceptance criteria for work results t...
by jyotimayank
Fri Dec 16, 2016 12:27 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 24th Question
Replies: 2
Views: 3221

Re: Oliver 175 - 24th Question

Yes Vikram the correct answer is option A. Refer to page 375 of PMBOK® Guide 5th Edition Bidder conferences are meetings with prospective vendors or sellers that occur prior to the completion of their response proposal. Project manager or anyone from your procurement department arranges the bidder c...
by jyotimayank
Fri Dec 16, 2016 12:07 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 19th Question
Replies: 4
Views: 3893

Re: Oliver 175 - 19th Question

Yes the correct answer is option A. Refer to page 71, 72 of PMBOK® Guide 5th Edition Project charter contains the following: • High-level overview of project • List of measurable project objectives • High-level risks • Summary milestone schedule with initial completion date of February 1 • Summary b...
by jyotimayank
Fri Dec 16, 2016 9:21 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 21st Question
Replies: 3
Views: 3968

Re: Oliver 175 - 21st Question

Yes the correct answer is option C. Refer to page 417 of PMBOK® Guide 5th Edition Project management is the application of knowledge, skills, tools and techniques to project activities to meet project requirements. Project Management is accomplished through the application integration of logically g...
by jyotimayank
Thu Dec 15, 2016 1:40 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 24th Question
Replies: 2
Views: 3221

Oliver 175 - 24th Question

Question 24 You are in the process of contacting sellers to obtain bids and proposals. You found out that it might become a time-consuming procedure to ensure that the sellers get a clear and common understanding of the procurement process and of the needs of your project. Which technique may help ...
by jyotimayank
Thu Dec 15, 2016 1:38 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 22nd Question
Replies: 4
Views: 3892

Oliver 175 - 22nd Question

Question 22 Which statement describes best handling of assumptions during the initiating processes? A. It is the responsibility of the sales person in charge to identify all risks related to a customer project. B. Managing and organizing assumptions means avoiding risks right from the start of the ...
by jyotimayank
Thu Dec 15, 2016 1:35 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 21st Question
Replies: 3
Views: 3968

Oliver 175 - 21st Question

Question 21 What should managers consider before conducting a performance-evaluation interview with a project team member? A. Which management fallacies can most easily be delegated to the worker? B. How can discussion of the manager’s leadership style be avoided? C. Has the employee been provided ...
by jyotimayank
Thu Dec 15, 2016 1:09 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 17th Question
Replies: 3
Views: 2339

Re: Oliver 175 - 17th Question

Yes the correct answer is option D. Refer to page 94 of PMBOK® Guide 5th Edition PMBOK® Guide states that Change control board is made up of a group of stakeholders who review and then approve, delay, or reject change requests. Perform integrated change control allows for documented changes within t...
by jyotimayank
Thu Dec 15, 2016 12:46 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 12th Question
Replies: 2
Views: 2313

Re: Oliver 175 - 12th Question

The correct answer is option C. Refer to page 94 of PMBOK® Guide 5th Edition Perform integrated change control allows for documented changes within the project to be considered in an integrated fashion while reducing project risk, which often arises from changes made without consideration to the ove...
by jyotimayank
Wed Dec 14, 2016 12:55 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 19th Question
Replies: 4
Views: 3893

Oliver 175 - 19th Question

Question 19 As the project manager in a software project which is currently initiated, you want to assess high-level risks. What should you do? A. Develop the project charter and a risk management plan to start identifying risks based on those and other documents. B. Identify and analyze risk event...
by jyotimayank
Wed Dec 14, 2016 12:49 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 18th Question
Replies: 3
Views: 2116

Oliver 175 - 18th Question

Question 18
A facilitator should…

A. …be in full control of the discussion and its outcomes.
B. …always take notes by herself.
C. …avoid a flip chart parking lot.
D. …give guidance as required without interfering.
by jyotimayank
Wed Dec 14, 2016 12:47 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 17th Question
Replies: 3
Views: 2339

Oliver 175 - 17th Question

Question 17 A customer is requiring a minor scope change and expects you to do this without delays and additional costs. You believe that you have adequate authorization to make the decision by yourself, but you are not quite sure. What should be your next steps? A. A requested change is always an ...
by jyotimayank
Wed Dec 14, 2016 12:38 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 10th Question
Replies: 2
Views: 2143

Re: Oliver 175 - 10th Question

Yes Sarthy the correct answer is option A. Refer to page 233 8.1.1.6 and 248, 8.2.3.4 Organizational process Asset updates of PMBOK® Guide 5th Edition Lessons Learned is the knowledge gained during a project which shows how project events were addressed or should be addressed in the future with the ...
by jyotimayank
Wed Dec 14, 2016 12:02 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 1st Question
Replies: 2
Views: 3231

Re: Oliver 175 - 1st Question

Yes Sarthy the correct answer is option C. Conflict situations are those situations in which needs, wants or values of two individuals or people clash or in some way interfere with each other. The sooner it is resolved the better it is for the project and its team members. Collaborate or Problem Sol...
by jyotimayank
Tue Dec 13, 2016 12:58 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 16th Question
Replies: 2
Views: 2366

Re: Oliver 175 - 16th Question

Yes Aravind the correct answer is option B. The primary outputs from the Identify Risks process are the initial entries into the Risk Register, which becomes a component of the project management plan. Refer to page 327, 333, and 354. of PMBOK® Guide 5th Edition Qualitative Risk Analysis : • Its the...
by jyotimayank
Tue Dec 13, 2016 12:38 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 15th Question
Replies: 3
Views: 2756

Re: Oliver 175 - 15th Question

Yes that's right Aravind and Housam the correct answer is option A. Refer to page 282 of PMBOK® Guide 5th Edition Observation and conversation is Tools and Technique of Manage Project teams As per PMBOK® Guide 5th Edition Observation and conversation are used to stay in touch with the work and attit...
by jyotimayank
Tue Dec 13, 2016 12:16 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 14th Question
Replies: 3
Views: 2039

Re: Oliver 175 - 14th Question

Yes the correct answer is option B. Refer to page 544 of PMBOK® Guide 5th Edition As per PMBOK Lessons Learned is the knowledge gained during a project which shows how project events were addressed or should be addressed in the future with the purpose of improving future performance The intent is im...
by jyotimayank
Mon Dec 12, 2016 1:44 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 2nd Question
Replies: 3
Views: 2586

Re: Oliver 175 - 2nd Question

Yes the correct answer is option A. Refer to page 66 of PMBOK® Guide 5th Edition • Formally authorizes a project • Gives the PM authority to apply organizational resources to project activities • Is normally issued by a project initiator or sponsor • Addresses, directly or indirectly, the following:...
by jyotimayank
Mon Dec 12, 2016 1:34 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 3rd Question
Replies: 2
Views: 1943

Re: Oliver 175 - 3rd Question

Yes the correct answer is B, triple constraint

When one of the constraint is changed it affects one or both the others
These 3 are closely related
by jyotimayank
Mon Dec 12, 2016 1:20 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 6th Question
Replies: 2
Views: 2366

Re: Oliver 175 - 6th Question

Yes that's right, the correct answer is option C. Refer to page 296 of PMBOK® Guide 5th Edition The communications management plan is a component of project management plan which mainly includes • Stakeholder communication requirement • Information to be communicated, including language, content, fo...
by jyotimayank
Mon Dec 12, 2016 1:09 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 7th Question
Replies: 3
Views: 2418

Re: Oliver 175 - 7th Question

Yes the correct answer is option B. No project can be executed in vacuum, hence structure of your performing organization can have a major impact on project management. If you are a consulting organizations Project manager, you are probably dealing with influence from performing as well your own org...
by jyotimayank
Fri Dec 09, 2016 12:28 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 16th Question
Replies: 2
Views: 2366

Oliver 175 - 16th Question

Question 16

Which document is developed along the risk management processes from identify
risks through perform qualitative risk analysis to control risks?

A. List of risk triggers
B. Risk register
C. Risk mitigation
D. Decision tree
by jyotimayank
Fri Dec 09, 2016 12:20 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 15th Question
Replies: 3
Views: 2756

Oliver 175 - 15th Question

Question 15

How does a project management team stay in touch with the work and the attitudes of project team members?

A. By observation and communication
B. Using closed questions during team meetings
C. Through third-party assessments
D. Through the team members’ functional managers
by jyotimayank
Fri Dec 09, 2016 12:16 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 14th Question
Replies: 3
Views: 2039

Oliver 175 - 14th Question

Question 14 What is not a reason for companies to organize lessons learned? A. Lessons learned databases are an essential element of the organizational process assets. B. Lessons learned should focus on identifying those accountable for errors and failures. C. Lessons learned sessions should bring ...
by jyotimayank
Fri Dec 09, 2016 12:13 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 13th Question
Replies: 2
Views: 1698

Oliver 175 - 13th Question

Question 13

According to Bruce Tuckman, which are the stages of team development?

A. Honeymoon, rejection, regression, acceptance, re-entry
B. Forming, storming, norming, performing
C. Tell, sell, consult, join
D. Direct, support, coach, delegate
by jyotimayank
Fri Dec 09, 2016 12:10 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 12th Question
Replies: 2
Views: 2313

Oliver 175 - 12th Question

Question 12 How should change management be planned for? A. Changes are generally not predictable, therefore planning for change management cannot be reasonable. B. Planning for change management should be done while the various change control processes are being applied. C. Change management can b...
by jyotimayank
Fri Dec 09, 2016 12:06 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 10th Question
Replies: 2
Views: 2143

Oliver 175 - 10th Question

Question 10 As the project manager, you decided to arrange a team meeting to identify and analyze lessons learned from quality control with stakeholders. What should you do with them? A. Document them and make them part of the historical database for the project and the performing organization. B. ...
by jyotimayank
Fri Dec 09, 2016 9:45 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 7th Question
Replies: 3
Views: 2418

Oliver 175 - 7th Question

Question 7

_________ are usually not a manifestation of unique organizational cultures and styles.

A. Shared visions, values, norms, beliefs, and expectations
B. Individual traits and attitudes of co-workers
C. Views of authority relationships
D. Policies, methods, and procedures
by jyotimayank
Fri Dec 09, 2016 9:42 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 6th Question
Replies: 2
Views: 2366

Oliver 175 - 6th Question

Question 6

The communications management plan is a document which includes descriptions of

A. Project level performance reports
B. Activity level status reports
C. Stakeholder communication requirements
D. Responsibility assignments
by jyotimayank
Fri Dec 09, 2016 7:47 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 5th question
Replies: 3
Views: 2592

Re: Oliver 175 - 5th question

The correct answer is option D. Refer to page 158 of PMBOK® Guide 5th Edition A best practice is a method or technique that has consistently shown results superior to those achieved with other means, and that is used as a benchmark. In addition, a "best" practice can evolve to become bette...
by jyotimayank
Fri Dec 09, 2016 7:27 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 3rd Question
Replies: 2
Views: 1943

Oliver 175 - 3rd Question

Question 3

The concept of (the) _________ states that changes related to one requirement—scope, time, or cost—will at least influence one other element.

A. Three-point estimation
B. Triple constraint
C. Three wise men
D. Three needs theory
by jyotimayank
Fri Dec 09, 2016 7:18 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 2nd Question
Replies: 3
Views: 2586

Oliver 175 - 2nd Question

Question 2 What is the purpose of a project charter A. To formally authorize a project or a phase and document initial requirements which satisfy the stakeholder’s needs and expectations. B. To document how the project will be planned, executed, monitored/controlled, and closed. C. To link the proje...

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