Search found 460 matches

by jyotimayank
Mon Jan 16, 2017 9:28 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 75th Question
Replies: 2
Views: 3236

Oliver 175 - 75th Question

Question 75 The sales representative of your company recently contacted you. You made some estimates on direct costs for an offer on a firm fixed-price contract. According to company policies, indirect costs (overheads) are to be calculated as a percentage of the direct costs, the sum of both cost ...
by jyotimayank
Mon Jan 16, 2017 7:34 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 69th Question
Replies: 2
Views: 2698

Re: Oliver 175 - 69th Question

Yes Sarthy the correct answer is option B. Refer to page 96 of PMBOK® Guide 5th Edition The purpose of the contract change control system is to establish a formal process for submitting change requests. It documents how to submit changes, establishes the approval process, and outlines authority leve...
by jyotimayank
Mon Jan 16, 2017 6:57 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 68th Question
Replies: 2
Views: 2774

Re: Oliver 175 - 68th Question

Yes the correct answer is option B. Refer to page 84,115 of PMBOK® Guide 5th Edition Group creativity involves several techniques, like brainstorming, Nominal group technique, the Delphi technique, and affinity diagrams. Idea/mind mapping is a group creativity technique where participants first use ...
by jyotimayank
Fri Jan 13, 2017 11:44 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 74th Question
Replies: 1
Views: 2254

Oliver 175 - 74th Question

Question 74

While executing a project, you sense a slightly negative attitude in your team. Which type of document do you now need, among others, to better understand and then be able to improve the situation?

A. Project charter
B. Team performance assessments
C. Cost baseline
D. Statement of work
by jyotimayank
Fri Jan 13, 2017 11:36 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 70th Question
Replies: 1
Views: 2265

Oliver 175 - 70th Question

Question 70 Which statement describes best the purpose of the communications management plan? A. The project management plan is a subsidiary document of the overall communications management plan. B. The communications management plan describes rules of behavior and respect for communications in cro...
by jyotimayank
Fri Jan 13, 2017 11:33 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 69th Question
Replies: 2
Views: 2698

Oliver 175 - 69th Question

Question 69 In configuration management, which of the following is necessary to maintain the integrity of baselines? A. Analyzing variances by comparing baseline information with actual project data. B. Releasing only approved changes for incorporation into products or services. C. Ensuring that tea...
by jyotimayank
Fri Jan 13, 2017 9:55 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 66th Question
Replies: 1
Views: 2275

Re: Oliver 175 - 66th Question

The correct answer is option D. Refer to page 282 of PMBOK® Guide 5th Edition Project performance appraisals are typically annual or semiannual affairs where managers let their employees know what they think of their performance over the past year and rate them accordingly. Project Human Resource Ma...
by jyotimayank
Fri Jan 13, 2017 9:27 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 65th Question
Replies: 1
Views: 2986

Re: Oliver 175 - 65th Question

The correct answer is option B. Refer to page 328 of PMBOK® Guide 5th Edition The Perform Qualitative Risk Analysis process involves determining what impact the identified risks will have on the project objectives and the probability they’ll occur. It also ranks the risks in priority order according...
by jyotimayank
Thu Jan 12, 2017 12:56 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 64th Question
Replies: 2
Views: 3063

Re: Oliver 175 - 64th Question

Yes Sarthy the correct answer is option A. Crashing : A technique used to shorten the schedule duration for the least incremental cost by adding resources Crashing is not done blindly by adding resources. First the additional cost and benefits with crashing are evaluated and then only this is taken ...
by jyotimayank
Thu Jan 12, 2017 12:46 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 62nd Question
Replies: 2
Views: 3457

Re: Oliver 175 - 62nd Question

Yes the correct answer is option B. PMBOK do not talk about this term CSOW but it is Contract SOW(Statement of work) The seller uses the SOW to determine whether they are able to produce the goods or services as specified. In addition, it wouldn’t hurt to include a copy of the WBS with the SOW. Any ...
by jyotimayank
Tue Jan 10, 2017 12:02 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 68th Question
Replies: 2
Views: 2774

Oliver 175 - 68th Question

Question 68 Following the cultural approach of the corporation for which you are starting to manage a project, you are guiding your project team through the first life-cycle phase of conceptualization. Your next step is to call for a team meeting to let ideas emerge in an unrestricted creative proce...
by jyotimayank
Tue Jan 10, 2017 11:54 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 67th Question
Replies: 1
Views: 2489

Oliver 175 - 67th Question

Question 67 Your management announced that they want to put you on a stretch assignment. In this situation, you should consider that… A. …a stretch assignment is going beyond your qualifications right from the start. Whatever your education, knowledge and skills are, you cannot fail personally. Con...
by jyotimayank
Tue Jan 10, 2017 11:50 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 66th Question
Replies: 1
Views: 2275

Oliver 175 - 66th Question

Question 66 During execution of a project, you observe that the performance of some of your team members is dropping, while others are doing a consistently good job. What should you try first to bring the team as a whole back to performance? A. Organize a team meeting and discuss openly the bad perf...
by jyotimayank
Tue Jan 10, 2017 11:38 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 65th Question
Replies: 1
Views: 2986

Oliver 175 - 65th Question

Question 65 During risk identification sessions, you and your team identified more than 150 risks for your project. You are afraid that evaluating each of these risks quantitatively will cost you an enormous amount of time, while not all of them are really relevant and important enough to justify s...
by jyotimayank
Tue Jan 10, 2017 11:35 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 64th Question
Replies: 2
Views: 3063

Oliver 175 - 64th Question

Question 64 Crashing describes a technique to speed up a project by… A. …reallocating existing resources or assigning additional resources to the project. B. …overlapping activities which were originally planned to be done in sequence. C. …reducing the number of features of the product in order to ...
by jyotimayank
Tue Jan 10, 2017 11:27 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 62nd Question
Replies: 2
Views: 3457

Oliver 175 - 62nd Question

Question 62 What is the meaning of the acronym CSOW? A. A statement of work that is part of a contingency plan; it is commonly linked with Contingency reserves. B. A statement of work that has been formally agreed upon by both parties and is therefore part of a contract. C. A statement of work that...
by jyotimayank
Tue Jan 10, 2017 11:21 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 58th Question
Replies: 2
Views: 2488

Re: Oliver 175 - 58th Question

Yes Sarthy the correct answer is option D. Change Request is a very sensitive term in the Project Management. In spite of you working hard to complete your project as per scope, schedule and cost as a project manager, inevitable thing always occurs which is referred to as a Change. Refer to page 94,...
by jyotimayank
Tue Jan 10, 2017 9:37 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 56th Question
Replies: 2
Views: 2969

Re: Oliver 175 - 56th Question

Yes Sarthy the correct answer is option C. Refer to page 250 of PMBOK® Guide 5th Edition Statistical Sampling is chosing part of a population of interest for inspection. Sample frequency & size should be determined during the Plan Quality Management process. Statistical sampling might also invol...
by jyotimayank
Tue Jan 10, 2017 8:58 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 53rd Question
Replies: 4
Views: 3551

Re: Oliver 175 - 53rd Question

Yes Sarthy the correct answer is option D. Refer to page 247of PMBOK® Guide 5th Edition Quality audits are independent reviews performed by trained auditors or third-party reviewers. The purpose of a quality audit is the same as the purpose of the Perform Quality Assurance process—to identify ineffe...
by jyotimayank
Mon Jan 09, 2017 5:03 am
Forum: PMP® Exam Lessons – Success Stories
Topic: I passed PMP
Replies: 3
Views: 2220

Re: I passed PMP

Heartiest Congratulations!!! Ramesh
by jyotimayank
Fri Jan 06, 2017 10:12 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 61st Question
Replies: 2
Views: 2714

Re: Oliver 175 - 61st Question

Yes Vcab the correct answer is option B. Refer to page 282-283 of PMBOK® Guide 5th Edition It is the responsibility of functional manager to clearly define resource calendar and staff assignement. In case of any conflict it is primery responsibility of the project manager to choose best conflict res...
by jyotimayank
Fri Jan 06, 2017 9:58 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 60th Question
Replies: 2
Views: 2672

Re: Oliver 175 - 60th Question

Yes Reeves the correct answer is option D. Refer to page 548 of PMBOK® Guide 5th Edition Path Convergence is a relationship in which a schedule activity hasmore than one predecessor. The precedence diagramming method (PDM) is what most project management software programs use to sequence activities....
by jyotimayank
Thu Jan 05, 2017 12:26 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 61st Question
Replies: 2
Views: 2714

Oliver 175 - 61st Question

Question 61 The members of your project team have been assigned to your project with general availability levels of 50%. Yesterday, they reported to you that significant variances occurred during project execution. You have noted that the team members have been spending less than 50% of their time ...
by jyotimayank
Thu Jan 05, 2017 12:19 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 60th Question
Replies: 2
Views: 2672

Oliver 175 - 60th Question

Question 60 A project manager’s PDM network schedule gets audited by a scheduling expert. The expert tells the project manager to focus more on nodes with “path convergence”, also known as “sinks”. What is he referring to? A. Nodes in a WBS, where several branches are brought back together. B. Nodes...
by jyotimayank
Thu Jan 05, 2017 12:15 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 58th Question
Replies: 2
Views: 2488

Oliver 175 - 58th Question

Question 58 What is not true for change requests? A. Change requests should always be handled in a controlled and integrative fashion. B. Change requests surpassing the formal change control processes can lead to scope creep. C. Professionally managed, change requests can help improving a project an...
by jyotimayank
Thu Jan 05, 2017 12:10 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 56th Question
Replies: 2
Views: 2969

Oliver 175 - 56th Question

Question 56 What is true for statistical sampling? A. Statistical sampling can be used to verify for each individual item in a lot, whether it can be accepted or must be rejected. B. Attribute sampling means collection of quantitative data showing the level of conformity for each item of a sample. C...
by jyotimayank
Thu Jan 05, 2017 12:03 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 55th Question
Replies: 2
Views: 2277

Re: Oliver 175 - 55th Question

The correct answer is option A. Sub project managers can monitor and keep track of the risks but the overall accountability of handling all the risks lies with the project manager only. Refer to page 349 of PMBOK® Guide 5th Edition It’s important that you identify all the risks early in the process....
by jyotimayank
Thu Jan 05, 2017 11:43 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 53rd Question
Replies: 4
Views: 3551

Oliver 175 - 53rd Question

Question 53
What is important for quality auditors?

A. They must be in-house personnel.
B. They must be third-party staff.
C. They must be mandated by the auditee.
D. They must be properly trained.
by jyotimayank
Thu Jan 05, 2017 11:35 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 51st Question
Replies: 2
Views: 1448

Re: Oliver 175 - 51st Question

Yes Sarthy the correct answer is option B. Refer to page 556 of PMBOK® Guide 5th Edition Quality management plan is a component of project or program management plan describes how the organization’s quality policy will be implemented. It addresses and describes quality control procedures and measure...
by jyotimayank
Thu Jan 05, 2017 11:12 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 50th Question
Replies: 2
Views: 1394

Re: Oliver 175 - 50th Question

Yes the correct answer is option D. Refer to page 532 of PMBOK® Guide 5th Edition Change control systems are a subset of the configuration management system. Change requests should be approved by the CCB, but in the case of an emergency, change requests may be approved by the project manager in acco...
by jyotimayank
Thu Dec 29, 2016 10:43 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 51st Question
Replies: 2
Views: 1448

Oliver 175 - 51st Question

Question 51

The ________ is a document which describes how the project management team will implement the performing organization’s quality policy.

A. Quality assurance plan
B. Quality management plan
C. Quality commitment
D. Quality audit
by jyotimayank
Thu Dec 29, 2016 10:40 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 50th Question
Replies: 2
Views: 1394

Oliver 175 - 50th Question

Question 50 In general, processes of configuration management do not include… A. …identification and documentation of system or item characteristics. B. …controlling changes to these characteristics in an integrative fashion. C. …documenting and auditing changes and the implementation status. D. …a...
by jyotimayank
Thu Dec 29, 2016 10:37 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 48th Question
Replies: 3
Views: 1765

Re: Oliver 175 - 48th Question

Yes Vikram and Housam the correct answer is option B. Refer to page 266 (“Training needs”) of PMBOK® Guide 5th Edition Training needs- This describes any training plans needed for team members who don’t have the required skills or abilities to perform project tasks. When developing the human resourc...
by jyotimayank
Thu Dec 29, 2016 10:22 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 43rd Question
Replies: 3
Views: 2144

Re: Oliver 175 - 43rd Question

Yes Vikram and Housam the correct answer is option B. Refer to page 373 of PMBOK® Guide 5th Edition A weighting system can be used to * Select a single seller that will be asked to sign a standard contract; and * Establish a negotiating sequence by ranking all proposals by the weighted evaluation sc...
by jyotimayank
Thu Dec 29, 2016 10:13 am
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 41st Question
Replies: 3
Views: 2333

Re: Oliver 175 - 41st Question

Yes Housam the correct answer is option D. Refer to page 567 of PMBOK® Guide 5th Edition Work Authorization System is a collection of formal documented procedures that defines how project work will be authorized to ensure the work is done by right person, at right time, in proper sequence. Systems w...
by jyotimayank
Wed Dec 28, 2016 5:02 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Done with PMP on 27th Dec
Replies: 4
Views: 2332

Re: Done with PMP on 27th Dec

Heartiest Congratulations!!! Shilpa for achieving PMP credentials.

Thanks for sharing your success story and recommending your friends.

Do stay connected with us via this forum.
by jyotimayank
Fri Dec 23, 2016 12:32 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 48th Question
Replies: 3
Views: 1765

Oliver 175 - 48th Question

Question 48

During human resource planning you identified that your team members are not sufficiently qualified for their tasks. Which may be an appropriate solution to this problem?

A. Reduce level of effort
B. Develop a training plan
C. Plan quality audits
D. Plan quality inspection
by jyotimayank
Fri Dec 23, 2016 12:07 pm
Forum: Oliver 175 PMP Questions
Topic: Oliver 175 - 43rd Question
Replies: 3
Views: 2144

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: 2333

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: 1895

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: 1868

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: 1951

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: 1895

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: 1868

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: 1947

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: 1888

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: 1947

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: 1888

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: 8505

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...

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