Search found 473 matches

by jyotimayank
Wed May 11, 2016 5:49 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 64th Question
Replies: 2
Views: 3489

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: 3376

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: 3066

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: 9116

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: 2022

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: 2800

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: 2691

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: 2813

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: 2366

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: 2366

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: 3376

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: 3066

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: 2800

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...
by jyotimayank
Mon May 09, 2016 9:13 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 18th Question
Replies: 6
Views: 9116

Oliver 75 - 18th Question

Question 18. Start dates in the following network logic diagram are defined as early morning, finish dates are evening. If tasks are scheduled to begin at early start date, what is true? A. Activity B has a free float of 10 d. B. Activity B has a total float of 10 d. C. Activity A has a free float o...
by jyotimayank
Mon May 09, 2016 7:13 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 75th Question
Replies: 24
Views: 8661

Oliver 75 - 75th Question

Question 75. You have just created the following network logic diagram to describe the planned flow of activities for your project which will start tomorrow: Which potential inconsistency in the diagram should you solve right now to ensure that the activities and the milestones "Start" and...
by jyotimayank
Mon May 09, 2016 7:08 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 73rd Question
Replies: 2
Views: 2691

Oliver 75 - 73rd Question

Question 73.

Network templates which contain only portions of a network are often referred to as

A. Sub-networks or fragment networks

B. Subprojects

C. Programs

D. WBS items
by jyotimayank
Mon May 09, 2016 7:06 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 72nd Question
Replies: 2
Views: 2813

Oliver 75 - 72nd Question

Question 72. Which of the following statements describes best the relationship of quality and grade? A. Low grade is always a problem; low quality may be overcome by a good rework and repair process. B. Grade is a category or rank given to entities having different functional requirements but the sa...
by jyotimayank
Fri May 06, 2016 2:32 pm
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 45th Question
Replies: 3
Views: 1822

Re: Oliver 75 - 45th Question

Yes the correct answer is A. RACI means R esponsible A ccountable C onsult I nform RACI chart is a useful tool to use when the team consists of internal and external resources in order to ensure clear divisions of roles and expectations. It is especially useful in clarifying roles and responsibiliti...
by jyotimayank
Fri May 06, 2016 1:59 pm
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 42nd Question
Replies: 2
Views: 2104

Re: Oliver 75 - 42nd Question

Yes the correct answer is B. Trigger condition is a warning that indicates that the risk is about to occur There are few more terms like Risk appetite,risk tolerance and risk threshold. Risk Appetite is the degree of uncertainty an entity is willing to take on in anticipation of a reward. Risk Toler...
by jyotimayank
Fri May 06, 2016 1:33 pm
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 40th Question
Replies: 2
Views: 2162

Re: Oliver 75 - 40th Question

The correct answer is B. Conflict is a situation which arises when a person or a team is not in agreement with other person or team. Conflicts are beneficial and unavoidable but can be minimized by communicating role and responsibilities to all the team members. System should be designed in a way th...
by jyotimayank
Fri May 06, 2016 1:23 pm
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 38th Question
Replies: 3
Views: 3212

Re: Oliver 75 - 38th Question

Yes the correct answer is A. A weak matrix will be generally managed by functional manager where in project coordinator reports to the senior management resource and co-ordinate the work between functional manager and senior management. He does not have authority on managing the budget, has very lim...
by jyotimayank
Fri May 06, 2016 12:54 pm
Forum: PMP® Exam Lessons – Success Stories
Topic: Cleared PMP in 1st attempt on 28th April
Replies: 6
Views: 3944

Re: Cleared PMP in 1st attempt on 28th April

Heartiest Congratulations!!! Deepti :)
Thanks for sharing your success story.
by jyotimayank
Fri May 06, 2016 12:52 pm
Forum: PMP® Exam Lessons – Success Stories
Topic: Cleared PMP exam successfully on 14/04/16
Replies: 3
Views: 2809

Re: Cleared PMP exam successfully on 14/04/16

Heartiest Congratulations!! Mahesh, do stay connected with us via this forum.
by jyotimayank
Fri May 06, 2016 11:37 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 62nd Question
Replies: 5
Views: 3535

Re: Oliver 75 - 62nd Question

The correct answer is A. The colleague is only talking about the cost (costs are 15% under cumulated costs budgeted for present day). Nothing is mention about the other aspects as schedule or anything. It might be that the current scenario can change tomorrow if the schedule changes and you have to ...
by jyotimayank
Fri May 06, 2016 9:36 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 70th Question
Replies: 1
Views: 2022

Oliver 75 - 70th Question

Question 70. Which is not true in regard of RoI (return on investment) for a project? A. It defines the cumulated net income from an investment at a given point in time or during a defined period. B. It includes investment, direct and indirect costs and may include allowances for capital cost, depre...
by jyotimayank
Fri May 06, 2016 9:33 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 69th Question
Replies: 2
Views: 4083

Oliver 75 - 69th Question

Question 69. Which statement describes best the meaning of the term cost baseline? A. A cost baseline is always created by translating time-phased cost information into cost data on activity or work-package level. B. A cost baseline is an approved time-phased budget that will be used to measure and ...
by jyotimayank
Fri May 06, 2016 9:30 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 68th Question
Replies: 2
Views: 4059

Oliver 75 - 68th Question

Question 68 What is not the purpose of configuration control when configuration management is applied in a project? A. Verification that the configuration identification for a configuration item is accurate, complete, and will meet specified program needs. B. Ensuring that proposed and approved chan...
by jyotimayank
Fri May 06, 2016 9:26 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 66th Question
Replies: 2
Views: 3609

Oliver 75 - 66th Question

Question 66. What is the S-curve in project management? A. A graph that is generated if a normal curve is integrated. B. A graph that is to be integrated to generate a normal curve. C. A metaphoric description of the short term uncertainties that are present in every project. D. The graph that descr...
by jyotimayank
Fri May 06, 2016 9:20 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 65th Question
Replies: 2
Views: 3927

Oliver 75 - 65th Question

Question 65. Which is an appropriate order in most project situations for the development of scope-related documents? A) 1. Project SOW (statement of work), 2. Project charter, 3. Project scope management plan, 4. Project scope statement, 5. WBS (work breakdown structure) and WBS dictionary. B) 1. W...
by jyotimayank
Fri May 06, 2016 9:14 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 64th Question
Replies: 2
Views: 3489

Oliver 75 - 64th Question

Question 64. Which of the following statements describes best the relationship between project phases and the project life cycle? A. The project life cycle includes the time when the project is performed and the expected product lifespan after that. B. In project management, the sequence of project ...
by jyotimayank
Fri May 06, 2016 9:08 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 63rd Question
Replies: 2
Views: 3713

Oliver 75 - 63rd Question

Question 63. What is the meaning of a concept called the "Journey to Abilene"? A. Project managers should visit their customers far more often than what is usual in order to avoid misunderstandings and bad emotions. B. International projects may have an increased need for traveling which c...
by jyotimayank
Fri May 06, 2016 8:43 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 60th Question
Replies: 2
Views: 3567

Oliver 75 - 60th Question

Question 60. You have been assigned as a project manager to a software project. While you and your team are working on a WBS (work breakdown structure), estimations for activity durations based on the activity list vary significantly. Which additional documents may help you clarify this situation? A...
by jyotimayank
Fri May 06, 2016 7:43 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 57th Question
Replies: 2
Views: 3334

Oliver 75 - 57th Question

Question 57. Which of the following is true regarding the code of accounts? A. It allows one to easily identify the breakdown level of the item in the resource structure. B. It describes the coding structure used by the performing organization to report financial information in its general ledger. C...
by jyotimayank
Fri May 06, 2016 7:41 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 56th Question
Replies: 5
Views: 4082

Oliver 75 - 56th Question

Question 56.

A review to determine whether of project activities comply with organizational and project policies, processes, and procedures is commonly called

A. Quality auditing

B. Inspection

C. Quality testing

D. Reject screening
by jyotimayank
Fri May 06, 2016 7:39 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 54th Question
Replies: 2
Views: 2517

Oliver 75 - 54th Question

Question 54. What is true for modern project management? Project managers need... A)... to have a strict standing in negotiating B)... to show experience in tricking business partners C)... to be team players and facilitators instead of "bosses" D)... to be strongly linked to local traditi...
by jyotimayank
Fri May 06, 2016 7:35 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 52nd Question
Replies: 4
Views: 5069

Oliver 75 - 52nd Question

Question 52. What is a constructive change? A. A change request that helps improving the project and its product, service or result and is discussed generally in a friendly style. B. A direction by the buyer or an action taken by the seller that the other party considers an undocumented change to th...
by jyotimayank
Fri May 06, 2016 7:31 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 51st Question
Replies: 2
Views: 3061

Oliver 75 - 51st Question

Question 51. What is true for prototypes? A. Prototyping causes significant costs and should be avoided wherever possible. B. They are tangible and allow for early feedback on requirements by stakeholders. C. Prototypes are mostly developed toward the end of a design or build phase. D. Prototypes in...
by jyotimayank
Fri May 06, 2016 7:04 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 50th Question
Replies: 2
Views: 3215

Oliver 75 - 50th Question

Question 50.
An estimation has been made that the construction of a residential home will cost a certain amount per square foot of living area. This is an example of what type of estimating?

A. Analogous estimating
B. Bottom-up estimating
C. Top-down estimating
D. Parametric estimating
by jyotimayank
Fri May 06, 2016 6:56 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 49th Question
Replies: 4
Views: 5449

Oliver 75 - 49th Question

Quest 49. You are assigned as the project manager to a project which had a one-time cost variance in the past caused by unexpected rework which has meanwhile been finished. You perform earned value analysis and get the following results: EV: 250,000; PV: 200,000; AC 275,000 BAC is 500,000. What is r...
by jyotimayank
Wed May 04, 2016 12:30 pm
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 48th Question
Replies: 2
Views: 3517

Oliver 75 - 48th Question

48. What should not be covered by a risk management plan?

A. Roles and responsibilities for handling project risks
B. Timing of project risk management activities
C. The methodological approach used for risk management
D. Individual risks and potential responses to them
by jyotimayank
Wed May 04, 2016 12:27 pm
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 47th Question
Replies: 2
Views: 4026

Oliver 75 - 47th Question

47. Liquidated damages (LDs) are contractually agreed payments in order to... A. ...give the contractor an incentive to meet an aggressive schedule or challenging quality objectives. B. ...penalize the contractor for late completion of a project or failure to meet specifications. C. ...cover the cus...
by jyotimayank
Wed May 04, 2016 12:24 pm
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 46th Question
Replies: 4
Views: 5831

Oliver 75 - 46th Question

46. You have used estimates made by your team members and applied the critical path method to compute a network logic diagram for your project. Then you found out that it cannot be sufficiently optimized for scarce resources and fast progress towards a given deadline. What should you do next? A. App...
by jyotimayank
Wed May 04, 2016 11:56 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 45th Question
Replies: 3
Views: 1822

Oliver 75 - 45th Question

Question 45.
What does the acronym RACI commonly stand for in project management?

A. Responsible, Accountable, to be Consulted, to be Informed
B. Remote, Attached, Connected, Integrated
C. Risk Analysis and Caution Initiative
D. Randomly Accessible Cash flow Information
by jyotimayank
Wed May 04, 2016 11:52 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 44th Question
Replies: 3
Views: 3168

Oliver 75 - 44th Question

In a software company a large number of simultaneously performed projects utilize the same groups of human and other resources.

What is the term commonly used for this situation?

A. Concurrent engineering
B. Resource over-allocation
C. Resource pooling
D. Program management
by jyotimayank
Wed May 04, 2016 11:47 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 42nd Question
Replies: 2
Views: 2104

Oliver 75 - 42nd Question

Quest 42. What is a trigger in project risk management? A. An expected situation causing an unidentified risk to occur B. A warning sign that a previously identified risk might be occurring or has occurred C. An unexpected situation causing an identified risk to occur D. An unexpected situation cau...
by jyotimayank
Wed May 04, 2016 11:41 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 39th Question
Replies: 4
Views: 2943

Re: Oliver 75 - 39th Question

Yes the correct answer is A. This question is related to importance of communication methods, as an integral part of a project with a major impact on the success or failure of project delivery. Dimensions of communication activities, types of communication in case of diverse culture is really critic...
by jyotimayank
Wed May 04, 2016 11:05 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 40th Question
Replies: 2
Views: 2162

Oliver 75 - 40th Question

Quest 40. Which statement on conflicts is true?

A. Conflict resolution should focus on people, not issues.
B. Conflict is natural and forces a search for alternatives.
C. Conflict should always be handled in private and not in the team.
D. Too much openness is a common cause of conflict.
by jyotimayank
Wed May 04, 2016 11:02 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 38th Question
Replies: 3
Views: 3212

Oliver 75 - 38th Question

Question 38. A project is handled by departments of an organization and expedited by a project coordinator. Which of the following statements is most likely to be true? A.The performing organization is a weak matrix. B.The performing organization is doing "management by projects". C.The p...
by jyotimayank
Wed May 04, 2016 11:00 am
Forum: Oliver 75 PMP Questions
Topic: Oliver 75 - 37th Question
Replies: 4
Views: 4684

Oliver 75 - 37th Question

Question 37. You have recently been assigned as a project manager to a new B-O-T (build, operate, transfer) capital project. Reviewing the initial documentation you found out that it has been calculated with a very small margin during operations of its product for the shareholders. What should you d...
by jyotimayank
Fri Apr 29, 2016 8:37 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Cleared exam on 21st April...
Replies: 4
Views: 3726

Re: Cleared exam on 21st April...

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

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