Search found 460 matches

by jyotimayank
Wed Aug 24, 2016 11:32 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Success story
Replies: 6
Views: 3284

Re: Success story

Heartiest Congratulations!!! Gopa :)
by jyotimayank
Fri Aug 05, 2016 9:33 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Passed PMP on 13th July
Replies: 12
Views: 5642

Re: Passed PMP on 13th July

Dear Ankur,

Heartiest congratulations!! and all the best for your future.
by jyotimayank
Fri Aug 05, 2016 9:31 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Passed the PMP today
Replies: 3
Views: 2200

Re: Passed the PMP today

Dear Praveen,

Heartiest Congratulations!! do stay connected with us via this forum.
by jyotimayank
Fri Aug 05, 2016 9:27 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Passed PMP on 28'th July
Replies: 5
Views: 3008

Re: Passed PMP on 28'th July

Dear Rohit,

Heartiest congratulations on your success!! Stay connected with iZenbridge.
by jyotimayank
Mon Jun 13, 2016 7:46 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Cleared My PMP
Replies: 5
Views: 5506

Re: Cleared My PMP

Heartiest Congratulations Ramakant !!

Do stay connected with us for Renewal of your PMP Credentials :)
by jyotimayank
Tue Jun 07, 2016 6:49 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Cleared PMP on June 5th
Replies: 3
Views: 2945

Re: Cleared PMP on June 5th

Heartiest Congratulations!!! on your success Abhishek :)

Do stay connected with us for earning 60 PDUs to renew your PMP Credentials.
by jyotimayank
Tue Jun 07, 2016 4:58 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Passed PMP !!!
Replies: 5
Views: 3143

Re: Passed PMP !!!

Heartiest Congratulations!!! on your success Gagan. Do stay connected with us via this forum :)
by jyotimayank
Tue Jun 07, 2016 4:57 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Cleared Exam On May 31
Replies: 4
Views: 2623

Re: Cleared Exam On May 31

Heartiest Congratulations!!! on your success.
Do stay connected with us via this forum :)
by jyotimayank
Tue Jun 07, 2016 4:54 am
Forum: PMP® Exam Lessons – Success Stories
Topic: cleared PMP on 30th May 2016
Replies: 4
Views: 2737

Re: cleared PMP on 30th May 2016

Heartiest Congratulations!!! Prashant

Do stay connected with us via this forum :)
by jyotimayank
Mon May 30, 2016 9:40 am
Forum: PMP® Queries and Tips
Topic: Definition update
Replies: 5
Views: 2875

Re: Definition update

Hi Vaibhav,

The definitions in this glossary is as per the glossary of PMBOK fifth edition. Please refer to pages 543 and 544 of PMPBOK® fifth edition.
by jyotimayank
Thu May 26, 2016 1:03 pm
Forum: PMI-ACP® Exam Lessons – Success Stories
Topic: Cleared PMI ACP
Replies: 6
Views: 3110

Re: Cleared PMI ACP

Heartiest Congratulations!! Asma
by jyotimayank
Thu May 26, 2016 4:47 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Passed PMP on 25 May 2016
Replies: 4
Views: 2577

Re: Passed PMP on 25 May 2016

Heartiest Congratulations!! on your success. :D

Do stay connected with us via forum.
by jyotimayank
Tue May 24, 2016 8:14 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Thank you iZenBridge
Replies: 3
Views: 2055

Re: Thank you iZenBridge

Heartiest Congratulations!!! Amit on your well deserved success :)

Do stay connected with us via this forum.
by jyotimayank
Thu May 19, 2016 11:19 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 58th Question
Replies: 3
Views: 3983

Re: Oliver 75 - 58th Question

The correct answer is A. As per PMBOK® Guide 5th Edition primary functions of a PMO are • Managing shared resources across all projects administered by the PMO; • Identifying and developing project management methodology, best practices, and standards; • Coaching, mentoring, training, and oversight;...
by jyotimayank
Wed May 18, 2016 12:59 pm
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 71st Question
Replies: 3
Views: 3921

Re: Oliver 75 - 71st Question

Yes Option C is the right answer. A concept in economics that if one factor of production is increased while other factors are held constant, the output per unit of the variable factor will eventually diminish. Although the marginal productivity of the workforce decreases as output increases, dimini...
by jyotimayank
Wed May 18, 2016 12:42 pm
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 47th Question
Replies: 2
Views: 3306

Re: Oliver 75 - 47th Question

Yes Option C is the right answer. Liquidated damages are defined as Sum of money (agreed-to and written into a contract) specified as the total amount of compensation an aggrieved party should get, if the other party breaches certain part(s) of the contract. The contract also establishes what action...
by jyotimayank
Wed May 18, 2016 12:16 pm
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 37th Question
Replies: 4
Views: 3856

Re: Oliver 75 - 37th Question

Yes Option C is the right answer. BOT (Build/Own/Transfer) projects are public infrastructure projects which employ a particular form of structured financing. The lead time of a BOT project is very long, and associated up-front costs are significant. Such projects are complex by virtue of the number...
by jyotimayank
Fri May 13, 2016 10:22 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 69th Question
Replies: 2
Views: 3276

Re: Oliver 75 - 69th Question

Yes the correct answer is B. PMBOK® Guide Fifth Edition Defines Cost Baseline as as The approved version of the time-phased project budget, excluding any management reserves, which can only be changed through formal change control procedures and is used as a basis for comparison to actual results. I...
by jyotimayank
Fri May 13, 2016 7:42 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 68th Question
Replies: 2
Views: 3335

Re: Oliver 75 - 68th Question

Yes the correct answer is A. Verification and Audit ensures that composition of a project’s configuration items is correct and the Functional requirements defined in the configuration documentation have been met and NOT "Configuration identification for a Configuration Item(CI) will meet specif...
by jyotimayank
Fri May 13, 2016 7:06 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 66th Question
Replies: 2
Views: 2983

Re: Oliver 75 - 66th Question

Yes the correct answer is D. As per PMBOK® Guide 5th Edition The work package cost estimates, along with any contingency reserves estimated for the work packages, are aggregated into control accounts. The summation of the control accounts make up the cost baseline. Since the cost estimates that make...
by jyotimayank
Fri May 13, 2016 6:22 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 65th Question
Replies: 2
Views: 3218

Re: Oliver 75 - 65th Question

Yes the correct answer is A. Project Statement of work is the first document prepared based on business needs ,cost-benefit analysis, product scope description and Strategic plan of an organization This document(SOW) is input to Develop Project Charter As per PMBOK® Guide 5th Edition Develop Project...
by jyotimayank
Thu May 12, 2016 12:40 pm
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 57th Question
Replies: 2
Views: 2808

Re: Oliver 75 - 57th Question

The correct answer is C. As per PMBOK® Guide 5th Edition Code of Accounts is a numbering system used to uniquely identify each component of the work breakdown structure (WBS). The WBS is finalized by assigning each work package to a control account and establishing a unique identifier for that work ...
by jyotimayank
Thu May 12, 2016 12:02 pm
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 46th Question
Replies: 4
Views: 4921

Re: Oliver 75 - 46th Question

Yes the correct answer is C. PMBOK® Guide Fifth Edition defines Three-Point Estimating as The accuracy of single-point activity cost estimates may be improved by considering estimation uncertainty and risk and using three estimates to define an approximate range for an activity’s cost: • Most likely...
by jyotimayank
Thu May 12, 2016 11:25 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 63rd Question
Replies: 2
Views: 3138

Re: Oliver 75 - 63rd Question

The correct answer is C. Journey to Abilene deals with a paradox, which is that the inability to manage agreement is a major source of organization dysfunction. So this means that most people agree to do certain things as a group, or an organization, which they personally do not agree or believe in....
by jyotimayank
Thu May 12, 2016 9:39 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 48th Question
Replies: 2
Views: 3013

Re: Oliver 75 - 48th Question

Yes the correct answer is D. Individual risks and potential responses to them are included in Risk Register and not risk management plan As per PMBOK® Guide 5th Edition The risk management plan is a component of the project management plan and describes how risk management activities will be structu...
by jyotimayank
Thu May 12, 2016 9:25 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 59th Question
Replies: 2
Views: 2856

Re: Oliver 75 - 59th Question

Yes the correct answer is D. SMART stands for: Specific: It is entirely job related, in above example “sales” and “investment” is related to the job. Measurable: Objectives are always defined in measurable terms, we can measure above objectives using target of 10k$ and 15k$ profit. Attainable: Objec...
by jyotimayank
Thu May 12, 2016 9:15 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 67th Question
Replies: 2
Views: 2947

Re: Oliver 75 - 67th Question

The correct answer is B. As per PMBOK® Guide 5th Edition The estimated activity resource requirements will have an effect on the duration of the activity, since the level to which the resources assigned to the activity meet the requirements will significantly influence the duration of most activitie...
by jyotimayank
Thu May 12, 2016 7:44 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 60th Question
Replies: 2
Views: 3026

Re: Oliver 75 - 60th Question

Yes the correct answer is D. As per PMBOK® Guide 5th Edition Estimating activity durations uses information on activity scope of work, required resource types, estimated resource quantities, and resource calendars. The inputs of the estimates of activity duration originate the project team, most fam...
by jyotimayank
Wed May 11, 2016 1:27 pm
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 56th Question
Replies: 5
Views: 2834

Re: Oliver 75 - 56th Question

Yes the correct answer is A. PMBOK® Guide Fifth Edition defines Quality Audits as A structured, independent process to determine if project activities comply with organizational and project policies, processes, and procedures. The objectives of a quality audit may include: • Identify all good and be...
by jyotimayank
Wed May 11, 2016 1:05 pm
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 52nd Question
Replies: 4
Views: 4003

Re: Oliver 75 - 52nd Question

The correct answer is B. PMBOK® Guide Fifth Edition defines Constructive changes are those requested changes where the buyer and seller cannot reach an agreement on compensation for the change or cannot agree that a change has occurred. These contested changes are variously called claims, disputes, ...
by jyotimayank
Wed May 11, 2016 1:00 pm
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 51st Question
Replies: 2
Views: 2505

Re: Oliver 75 - 51st Question

Yes the correct answer is B. Prototype technique is used in "Collect requirement" process of "Project Scope Management" Knowledge area PMBOK® Guide Fifth Edition defines Prototyping as A method of obtaining early feedback on requirements by providing a working model of the expect...
by jyotimayank
Wed May 11, 2016 12:40 pm
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 49th Question
Replies: 4
Views: 4267

Re: Oliver 75 - 49th Question

Yes the correct answer is B. As per PMBOK® Guide Fifth Edition When calculating EAC values, the cumulative CPI and SPI values are typically used. While EVM data quickly provide many statistical EACs, only three of the more common methods : 1. EAC forecast for ETC work performed at the budgeted rate:...
by jyotimayank
Wed May 11, 2016 12:24 pm
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 50th Question
Replies: 2
Views: 2624

Re: Oliver 75 - 50th Question

Yes the correct answer is D. PMBOK® Guide Fifth Edition defines Parametric estimating as An estimating technique in which an algorithm is used to calculate cost or duration based on historical data and project parameters. Parametric estimating uses a statistical relationship between historical data ...
by jyotimayank
Wed May 11, 2016 9:37 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 41st Question
Replies: 3
Views: 2191

Re: Oliver 75 - 41st Question

Yes the correct answer is C. All change requests (rejected or approved) should be consistently communicated to all the stakeholders in a timely manner. Whenever a change request is received or suggested or identified, it needs to be logged in the Change log of the project. Irrespective of the size o...
by jyotimayank
Wed May 11, 2016 7:22 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 43rd Question
Replies: 3
Views: 2368

Re: Oliver 75 - 43rd Question

Yes the correct answer is C. Delaying the delivery means risk or change has occurred from the vendor's end, it is important to analyse and mitigate any risk in the project, through meetings. This can also be handled later on in performance review of the Vendor. As per PMBOK® Guide 5th Edition The ob...
by jyotimayank
Wed May 11, 2016 6:54 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 53rd Question
Replies: 3
Views: 2397

Re: Oliver 75 - 53rd Question

Yes the correct answer is A. According to Herzberg, the factors leading to job satisfaction are "separate and distinct from those that lead to job dissatisfaction." Therefore, if you set about eliminating dissatisfying job factors, you may create peace but not necessarily enhance performan...
by jyotimayank
Wed May 11, 2016 6:08 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 54th Question
Replies: 2
Views: 2039

Re: Oliver 75 - 54th Question

Yes the correct answer is C. As per PMBOK® Guide Fifth Edition In general, project managers have the responsibility to satisfy the needs: task needs, team needs, and individual needs. As project management is a critical strategic discipline, the project manager becomes the link between the strategy ...
by jyotimayank
Wed May 11, 2016 5:49 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 64th Question
Replies: 2
Views: 2789

Re: Oliver 75 - 64th Question

Yes the correct answer is B. PMBOK® Guide Fifth Edition defines Characteristics of the Project Life Cycle as Projects vary in size and complexity. All projects can be mapped to the following generic life cycle structure-> Starting the project, Organizing and preparing, Carrying out the project work,...
by jyotimayank
Tue May 10, 2016 7:49 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 30th Question
Replies: 3
Views: 2502

Re: Oliver 75 - 30th Question

Yes the correct answer is A. PMBOK® Guide Fifth Edition defines Scope baseline as The approved version of a scope statement, work breakdown structure (WBS), and its associated WBS dictionary, that can be changed only through formal change control procedures and is used as a basis for comparison. It ...
by jyotimayank
Tue May 10, 2016 7:20 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 29th Question
Replies: 3
Views: 2429

Re: Oliver 75 - 29th Question

The correct answer is C. PMBOK® Guide Fifth Edition defines Control Limits as The area composed of three standard deviations on either side of the centerline or mean of a normal distribution of data plotted on a control chart, which reflects the expected variation in the data. Upper and lower contro...
by jyotimayank
Tue May 10, 2016 6:22 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 18th Question
Replies: 6
Views: 7454

Re: Oliver 75 - 18th Question

The correct answer is B. Apply the formula on all the activities Applying the formula on activity B Float = LS (Late Start) – ES (Early Start) = 26 - 16 or Float = LF (Late, Finish) – EF (Early Finish) = 31 - 21 =10 This is how PMBOK® Guide Fifth Edition defines Total Float “The amount of time that ...
by jyotimayank
Tue May 10, 2016 6:04 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 70th Question
Replies: 1
Views: 1556

Re: Oliver 75 - 70th Question

The correct answer is D. The purpose of the "Return on Investment" (ROI) metric is to measure, per period, rates of return on money invested in an economic entity in order to decide whether or not to undertake an investment. It is also used as indicator to compare different project investm...
by jyotimayank
Mon May 09, 2016 1:42 pm
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 28th Question
Replies: 2
Views: 2221

Re: Oliver 75 - 28th Question

The correct answer is C. Bidder Conference is tools & Techniques used in the process "Conduct Procurement", and the output of this is "Selected sellers", so it has to be before awarding the contract. But it takes place "Prior to the submission" and not after "s...
by jyotimayank
Mon May 09, 2016 1:28 pm
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 73rd Question
Replies: 2
Views: 2206

Re: Oliver 75 - 73rd Question

Yes the correct answer is A. PMBOK® Guide Fifth Edition defines Subnetwork as A subdivision (fragment) of a project schedule network diagram, usually representing a subproject or a work package. Often used to illustrate or study some potential or proposed schedule condition, such as changes in prefe...
by jyotimayank
Mon May 09, 2016 1:11 pm
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 72nd Question
Replies: 2
Views: 2251

Re: Oliver 75 - 72nd Question

Yes the correct answer is D. PMBOK® Guide Fifth Edition defines Quality and grade are not the same concepts. Quality as a delivered performance or result is “the degree to which a set of inherent characteristics fulfill requirements” (ISO 9000) [10]. Grade as a design intent is a category assigned t...
by jyotimayank
Mon May 09, 2016 12:24 pm
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 32nd Question
Replies: 2
Views: 1907

Re: Oliver 75 - 32nd Question

Yes the correct answer is option D. PMBOK® Guide Fifth Edition defines Work Breakdown Structure (WBS) as “A hierarchical decomposition of the total scope of work to be carried out by the project team to accomplish the project objectives and create the required deliverables” Decomposition is a techni...
by jyotimayank
Mon May 09, 2016 9:19 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 32nd Question
Replies: 2
Views: 1907

Oliver 75 - 32nd Question

Question 32.

Which tool and technique is used in the processes Create WBS and Define activities?

A. Nominal group technique

B. Human resource assignment

C. Brainstorming

D. Decomposition
by jyotimayank
Mon May 09, 2016 9:17 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 30th Question
Replies: 3
Views: 2502

Oliver 75 - 30th Question

Question 30.
The scope baseline consists of what?

A. Scope statement, WBS, and WBS dictionary
B. Cost baseline, quality baseline and schedule baseline
C. Configuration management plan and configuration identification document
D. Procurement statement of work and project scope statement
by jyotimayank
Mon May 09, 2016 9:16 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 29th Question
Replies: 3
Views: 2429

Oliver 75 - 29th Question

Question 29. What is defined by control limits? A. A measuring instrument solely used to describe process capability. The process is found capable if the ±3 sigma range is exceeded by not more than 0.3% of a tested sample lot. B. The limits of the six sigma area on either side of a control chart to ...
by jyotimayank
Mon May 09, 2016 9:15 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 28th Question
Replies: 2
Views: 2221

Oliver 75 - 28th Question

Question 28. When do bidder conferences normally take place? A. After the contract has been awarded to keep alternatives open. B. After submission of bid or proposal, but before contract award. C. Prior to the submission of a bid or proposal by the bidder. D. After technical meetings with bidders to...

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