Search found 372 matches

by namita
Thu Jul 10, 2014 6:02 am
Forum: PMP® Open Forum
Topic: [whats difference between workaround AND management reserves
Replies: 6
Views: 1588

Re: [whats difference between workaround AND management rese

Yes for all these contingency reserves are kept because all these are identified but response is different for these. Go through risk response strategies blogs at below link for more insight http://www.izenbridge.com/blog/how-to-handle-negative-risk-learn-negative-risk-response-strategies/ http://ww...
by namita
Wed Jul 09, 2014 11:50 am
Forum: PMP® Open Forum
Topic: Any Trick for remembering input/output/tools
Replies: 5
Views: 1492

Re: Any Trick for remembering input/output/tools

Only trick is, don't try to mug up, rather try to co-relate.

Also take print of ITTO sheet form our website and post it in your office cubical and study table at home. Read it/look at it through out the day... This is enough

http://www.izenbridge.com/pmp/resources/
by namita
Wed Jul 09, 2014 11:48 am
Forum: PMP® Open Forum
Topic: [whats difference between workaround AND management reserves
Replies: 6
Views: 1588

Re: [whats difference between workaround AND management rese

I am not sure why this question has come in first place but let me try to answer.. 1. Workaround is a response whereas Management reserve is the reserve which will be used to respond 2. Workaround is not planned in advance (unknown), Management reserves is for unknown unknown I suppose your understa...
by namita
Wed Jul 09, 2014 8:31 am
Forum: PMP® Open Forum
Topic: difference between Analogous and expert judgement
Replies: 4
Views: 886

Re: difference between Analogous and expert judgement

Expert judgement is something possessed by person with history of projects he has experienced. this is possessed in his mind, whereas historical data is artifacts from old similar projects e.g. lessons learn from knowledge base of similar projects.
by namita
Wed Jul 09, 2014 5:48 am
Forum: PMP® Open Forum
Topic: Project Charter
Replies: 10
Views: 1545

Re: Project Charter

Its generally created only once. If due to some reason its not created and new project manager realized it, he has to do it. Go thorough below blog for more insight

http://www.izenbridge.com/blog/develop- ... -planning/
by namita
Wed Jul 09, 2014 2:34 am
Forum: PMP® Open Forum
Topic: Project Charter
Replies: 10
Views: 1545

Re: Project Charter

Agree and always remember for PMP, you can't skip things because it's late. You have to follow the process diligently and be ideal PM. If some particular step is formally waived off and documented then it's a separate thing
by namita
Tue Jul 08, 2014 12:54 pm
Forum: PMP® Open Forum
Topic: Finish-to-Finish+3 day lag
Replies: 10
Views: 2637

Re: Finish-to-Finish+3 day lag

So let me put it this way. Assuming A is Predecessor and B is successor with 2 days lag and SF relationship A is starting on day 5th then due to SF and Lag of 2 days, activity B can finish by day 6th go through below video for crystal clear explanation on all 4 types of relationships I am sure after...
by namita
Tue Jul 08, 2014 8:18 am
Forum: PMP® Open Forum
Topic: Finish-to-Finish+3 day lag
Replies: 10
Views: 2637

Re: Finish-to-Finish+3 day lag

Important point is, Where the relationship is Finish-to-Finish, you don't have any constraint on start of Activity B, its with Finish and start can be arrived by fulfilling finish constraint. In the given question, A is Predecessor, B is successor, with FF relationship, you need to read it as Finish...
by namita
Tue Jul 08, 2014 7:02 am
Forum: PMP® Open Forum
Topic: pmp question-3
Replies: 8
Views: 1396

Re: pmp question-3

You are right, while executing process group under direct and manage project work process, we need to keep a tab on approved changes are taken care. Just FYI - to complete the discussion, if you check process Control Quality, we have accepted CR as input and validated changes as output. This is the ...
by namita
Mon Jul 07, 2014 4:16 pm
Forum: PMP® Open Forum
Topic: Questions for Discussion-Project Baseline
Replies: 4
Views: 821

Re: Questions for Discussion-Project Baseline

That you need to make out from question. if nothing is mentioned take in general base lining concepts in mind. You were clearly able to make out create WBS process output is baseline. this is enough
by namita
Mon Jul 07, 2014 11:59 am
Forum: PMP® Open Forum
Topic: Questions for Discussion-Project Baseline
Replies: 4
Views: 821

Re: Questions for Discussion-Project Baseline

You are pretty much there. glossary of PMBOK5 is very important to understand all these terms. What is baseline? The approved version of a work product that can be changed only through formal change control procedures and is used as a basis for comparison . This definition clears option 1-3 as valid...
by namita
Mon Jul 07, 2014 9:44 am
Forum: PMP® Open Forum
Topic: PMP questios for discussion-1
Replies: 22
Views: 2469

Re: PMP questios for discussion-1

Yes, hte point I am tying to make is, baselining happens with right numbers only but due to CRs there is an impact on baselines which has to be updated for approved changes
by namita
Mon Jul 07, 2014 8:48 am
Forum: PMP® Open Forum
Topic: pmp question-3
Replies: 8
Views: 1396

Re: pmp question-3

I still go with compromising
by namita
Mon Jul 07, 2014 8:46 am
Forum: PMP® Open Forum
Topic: Procurement Management - Terms require expaination
Replies: 2
Views: 745

Re: Procurement Management - Terms require expaination

As defined in PMBOK 5, section 12.1.3.3 Procurement Documents Terms such as bid, tender, or quotation are generally used when the seller selection decision will be based on price (as when buying commercial or standard items), while a term such as proposal is generally used when other considerations,...
by namita
Mon Jul 07, 2014 8:03 am
Forum: PMP® Open Forum
Topic: PMP questios for discussion-1
Replies: 22
Views: 2469

Re: PMP questios for discussion-1

Because that additional time/cost will need to be embedded with baselines which are created earlier without these additional components. Example: As per earlier schedule, project was going live on 30-Jul-14 but CR has additional requirements with which it will now go live on 20-Aug-14. Going forward...
by namita
Mon Jul 07, 2014 7:15 am
Forum: PMP® Open Forum
Topic: PMP questios for discussion-1
Replies: 22
Views: 2469

Re: PMP questios for discussion-1

Hi Sud, what is said is as below: So for this question my take is option B should be little more clear but if I got the intent of question right, its trying to ask what you need to do first when you have Change requests in your project and the answer is we need to First analyze the CR and get proper...
by namita
Sun Jul 06, 2014 6:40 pm
Forum: PMP® Open Forum
Topic: PMP questios for discussion-1
Replies: 22
Views: 2469

Re: PMP questios for discussion-1

For me

Option A: knowingly allocating less competent resource
Option C: putting best available resource and helping him upgrading the skills to fill the gap
by namita
Sun Jul 06, 2014 6:37 pm
Forum: PMP® Open Forum
Topic: pmp question-4
Replies: 4
Views: 786

Re: pmp question-4

As many have suggested, Yes FIRST thing we need to do is to make senior management aware. Why? 1. they are major stakeholders and communication management is done well till now. You need to recover it 2. To get your voice heard for any more funds from senior management, to get your project on track,...
by namita
Sun Jul 06, 2014 6:30 pm
Forum: PMP® Queries and Tips
Topic: Schedule Management - Scheduling Tool( T&T)
Replies: 3
Views: 1317

Re: Schedule Management - Scheduling Tool( T&T)

What is Scehduling tool? As per PMBOK 5 Its a tool that provides schedule component names, definitions, structural relationships, and formats that support the application of a scheduling method. Now you need to remember that to develop a schedule for your project you need few things, i.e. scheduling ...
by namita
Sun Jul 06, 2014 6:17 pm
Forum: PMP® Queries and Tips
Topic: Scope Management - WBS 100% Rule
Replies: 3
Views: 1343

Re: Scope Management - WBS 100% Rule

Agree with Amit, Any doubts Venkat
by namita
Sun Jul 06, 2014 6:14 pm
Forum: PMP® Queries and Tips
Topic: Scope Management - WBS Planing Package
Replies: 3
Views: 851

Re: Scope Management - WBS Planing Package

I hope you don't have any follow ups after reading blog :)
by namita
Sat Jul 05, 2014 5:43 pm
Forum: PMP® Open Forum
Topic: Confusion in following Concept/TERMS
Replies: 13
Views: 1468

Re: Confusion in following Concept/TERMS

Yogesh is this clear now?
by namita
Sat Jul 05, 2014 5:42 pm
Forum: PMP® Open Forum
Topic: PMP questios for discussion-1
Replies: 22
Views: 2469

Re: PMP questios for discussion-1

I hope this thread is closed now. Any follow up question feel free to ask
by namita
Sat Jul 05, 2014 5:39 pm
Forum: PMP® Open Forum
Topic: PMP question which went wrong today
Replies: 11
Views: 1277

Re: PMP question which went wrong today

Request Yogesh to put one question in the thread. Its absolutely fine if the number of threads are growing. Otherwise its very difficult to track the question. This thread is too long and not possible to track...please bifurcate so that we can clearly focus on one question and discuss
by namita
Sat Jul 05, 2014 9:17 am
Forum: PMP® Open Forum
Topic: pmp question-3
Replies: 8
Views: 1396

Re: pmp question-3

Question6: Two candidates are competing for a Team Leader position on the project. The first one is a very experienced person who is about to retire, the other one is much younger but is holding a distinguished masters in management. The project manager decides to appoint the experienced one and an...
by namita
Sat Jul 05, 2014 8:52 am
Forum: PMP® Open Forum
Topic: pmp question-3
Replies: 8
Views: 1396

Re: pmp question-3

Question5: Jim is an inexperienced project manager. In the weekly project meetings, he tracks the schedule, status of deliverables and issue log very closely. What is Jim missing?Options: A: Management of approved changes B: Controlling Scope Baseline C: Cost Management D: Controlling Team My answe...
by namita
Sat Jul 05, 2014 8:40 am
Forum: PMP® Open Forum
Topic: PMP questios for discussion-2
Replies: 7
Views: 1292

Re: PMP questios for discussion-2

See Yogesh, PMP is covering all aspects of project management so it depends on how the question is put on. We have a thumb rule, unless until specified, Assume yourself a PM managing 100 members team who are distributed across geographical location and your have 4-5 procurements for your project PMP...
by namita
Sat Jul 05, 2014 3:23 am
Forum: PMP® Open Forum
Topic: PMP questios for discussion-2
Replies: 7
Views: 1292

Re: PMP questios for discussion-2

True but question is not saying there are no procurements. For PMP we need to assume procurement is there if not mentioned. If you go thru the webinar you will understand the flow
by namita
Fri Jul 04, 2014 12:32 pm
Forum: PMP® Open Forum
Topic: PMP questios for discussion-2
Replies: 7
Views: 1292

Re: PMP questios for discussion-2

Hi Yogesh, I am taking question 4 in this discussion. Put Question 5 in separate thread. Option C is the one I shall also go for. Why? Lessons learned is a right answer but this is the last thing one does before closing project/phase. Now if close procurement is not in the options I would have gone ...
by namita
Fri Jul 04, 2014 8:49 am
Forum: PMP® Open Forum
Topic: PMP questios for discussion-1
Replies: 22
Views: 2469

Re: PMP questios for discussion-1

So as stated earlier, Option B should have been phrased little better where its pointing to approval rather than informal ask for additional time/cost. Otherwise Yes, we need to first get approval on additional time/cost and then update baselines
by namita
Fri Jul 04, 2014 8:17 am
Forum: PMP® Open Forum
Topic: Identify Risk Query
Replies: 6
Views: 814

Re: Identify Risk Query

Ok, feel free to post more questions you are struggling with :)
by namita
Fri Jul 04, 2014 8:16 am
Forum: PMP® Open Forum
Topic: PMP questios for discussion-1
Replies: 22
Views: 2469

Re: PMP questios for discussion-1

Reference is correct. See below but explanation is not correct as its clearly mentioned if approved. The results of the analysis can trigger change requests that, if approved , may modify the project management plan or other project documents and possibly require establishing new baselines. A large ...
by namita
Fri Jul 04, 2014 6:50 am
Forum: PMP® Open Forum
Topic: PMP questios for discussion-1
Replies: 22
Views: 2469

Re: PMP questios for discussion-1

Question 8: Lee is managing a material handling equipment project. The cranes have to be designed as per a particular standard. The engineers have to know the standard well. Robert who is an expert was to start work next week, but due to some personal emergency, he has gone out of the country. Now,...
by namita
Fri Jul 04, 2014 6:45 am
Forum: PMP® Open Forum
Topic: PMP questios for discussion-1
Replies: 22
Views: 2469

Re: PMP questios for discussion-1

Questions1: You are a project manager and you are aware that there have been lots of change request that has added more work to the project plan. Your team members have complained in meetings that, they are doing lots of overtime and they want a better work life balance. What should you do first?Op...
by namita
Fri Jul 04, 2014 6:40 am
Forum: PMP® Open Forum
Topic: PMP question which went wrong today
Replies: 11
Views: 1277

Re: PMP question which went wrong today

Thanks
by namita
Fri Jul 04, 2014 6:39 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Thanks!!!
Replies: 4
Views: 1035

Re: Thanks!!!

Hi Hari,

Glad to hear this. Stay connected for many more milestones in your knowledge enrichment
by namita
Fri Jul 04, 2014 6:37 am
Forum: PMP® Open Forum
Topic: Stakeholders Engagement Assessment Matrix query
Replies: 4
Views: 828

Re: Stakeholders Engagement Assessment Matrix query

Hi Yogesh/Pankaj, Let's try to understand it in little details. Identification of stakeholder happens in Initiation phase where as appropriate management strategies to effectively engage the stakeholders happens in planning phase. If you refer outputs of plan stakeholders management process, you wil...
by namita
Fri Jul 04, 2014 6:18 am
Forum: PMP® Open Forum
Topic: Identify Risk Query
Replies: 6
Views: 814

Re: Identify Risk Query

Pankaj, you are right in your understanding that Risk can be identified through out the project. However think from a practical scenario. If your project/phase is a closure stage, what kind of risk you can identify and what action we can take for it as anyway we are at closure. Definitely when we sh...
by namita
Thu Jul 03, 2014 11:57 am
Forum: PMP® Open Forum
Topic: Stakeholders Engagement Assessment Matrix query
Replies: 4
Views: 828

Re: Stakeholders Engagement Assessment Matrix query

Hi, think of this in a way where we assess one person and put on paper his current position and desired position. Now this happens at planning initially but then during further processes of manage SH and control SH it continuously getting updated as per the performance and changes in eco system For ...
by namita
Thu Jul 03, 2014 11:44 am
Forum: PMP® Open Forum
Topic: Identify Risk Query
Replies: 6
Views: 814

Re: Identify Risk Query

hi Pankaj,

Why do you feel Risk Identification will be done in project/phase closure? Please elaborate so that we can understand the confusion well
by namita
Thu Jul 03, 2014 9:09 am
Forum: PMP® Queries and Tips
Topic: Stakeholders : Quampus question
Replies: 1
Views: 752

Re: Stakeholders : Quampus question

definitely correction in option 1 and 2 is required (Indu can help in correcting this). I think some typo but this might have eased the choice of option for you :).. However what question is precisely asking is, what is the role of Project Charter and Procurement documents as inputs in identificatio...
by namita
Thu Jul 03, 2014 8:58 am
Forum: PMP® Open Forum
Topic: PMP question which went wrong today
Replies: 11
Views: 1277

Re: PMP question which went wrong today

Hi Yogesh,

Can you please put one question in one thread. Very difficult to answer all in one place. Also share the source of these questions
by namita
Thu Jul 03, 2014 7:23 am
Forum: PMP® Open Forum
Topic: Confusion in following Concept/TERMS
Replies: 13
Views: 1468

Re: Confusion in following Concept/TERMS

I go for compromise as buyer lost time and seller the 3% discount
by namita
Thu Jul 03, 2014 6:54 am
Forum: PMP® Queries and Tips
Topic: Beta or Triangular : Quampus Question
Replies: 1
Views: 817

Re: Beta or Triangular : Quampus Question

I am not sure what is the confusion. Question mentioned triangular distribution explicitly so in this question triangular distribution has to be followed.

O+P+M/3 = 45/3 = 15. is the answer 12.5?
by namita
Thu Jul 03, 2014 6:47 am
Forum: PMP® Queries and Tips
Topic: user stories quampus question
Replies: 6
Views: 1643

Re: user stories quampus question

User Story is an agile term. In Agile we collect requirements in the form of user stories on a small card. The point here in this question is T&T used for requirement gathering aka collect requirement process. To be very precise and to answer your question. A user story describes functionality t...
by namita
Thu Jul 03, 2014 6:43 am
Forum: PMP® Queries and Tips
Topic: operations: Quampus Question
Replies: 1
Views: 568

Re: operations: Quampus Question

as per my understanding the rational is project's impact on operations is more likely to the call center (after project support), Retail workers (after product manufacturing, retail workers to act), plant operations (assembly line is set up, process to act). Finance department is something which is ...
by namita
Thu Jul 03, 2014 6:24 am
Forum: PMP® Queries and Tips
Topic: variance analysis
Replies: 1
Views: 904

Re: variance analysis

This is a direct question from PMBOK5. refer section 7.4.2.4 "The percentage range of acceptable variances will tend to decrease as more work is accomplished" Just to add, Cost performance measures like CV & CPI tend to decrease as we move ahead in project because we are going nearer t...
by namita
Thu Jul 03, 2014 6:12 am
Forum: PMP® Queries and Tips
Topic: Dependency: Quampus Question
Replies: 1
Views: 752

Re: Dependency: Quampus Question

Now this is a pure definition stuff what is external dependencies? External dependencies involve a relationship between project activities and non-project activities Coming back to your confusion, definition of external and internal dependencies is defined while doing sequence activity process. Same...
by namita
Thu Jul 03, 2014 6:01 am
Forum: PMP® Queries and Tips
Topic: Independent estimate: Quampus question
Replies: 2
Views: 1316

Re: Independent estimate: Quampus question

Hi Hari, This is a kind of question where you need to think in the scenario described in question and not only with definition. There are many unusual things happened in the scenario: 1. Org has procured this commodity multiple times (lot of experience) and have a pattern of getting only 4-5 bids 2....

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