Search found 372 matches

by namita
Thu Aug 14, 2014 7:31 am
Forum: PMP® Open Forum
Topic: Residual Risks
Replies: 4
Views: 1716

Re: Residual Risks

As per PMBOK5, its clearly mentioned Residual risks that are expected to remain after planned responses have been taken, as well as those that have been deliberately accepted; Please refer to blogs on negative and positive risks http://www.izenbridge.com/blog/how-to-handle-negative-risk-learn-negati...
by namita
Thu Aug 14, 2014 7:28 am
Forum: PMP® Open Forum
Topic: Defect
Replies: 1
Views: 802

Re: Defect

A. A mistake made by a team member on the job - will be fixed as a corrective action B. A change that the team needs to make in how they do the work - preventive action C. A Project Management plan that does not meet its requirements - Defect as plan is created/delivered and then doesn't meet requir...
by namita
Thu Aug 14, 2014 7:22 am
Forum: PMP® Open Forum
Topic: Stakeholder Management
Replies: 2
Views: 874

Re: Stakeholder Management

I would have gone for D if B wouldn't be there. As your project is a direct impact on his stream of work, he becomes a critical stakeholder for you so you need to closely work withhim. Only informing him and communicating him will not work
by namita
Thu Aug 14, 2014 7:15 am
Forum: PMP® Open Forum
Topic: Conflict Resolution
Replies: 2
Views: 1291

Re: Conflict Resolution

tricky.. question hasn't asked PM's prospective but the situation's depiction when other team member says that statement. statement is in quotes too :)
by namita
Thu Aug 14, 2014 7:14 am
Forum: PMP® Open Forum
Topic: Termination activities
Replies: 2
Views: 978

Re: Termination activities

No, PM plan is no more required to be followed as very existence of project itself is terminated. We need to just document LL and move ahead to closure.

its good if you go through below webinar for more insights

https://www.youtube.com/watch?v=CJongXKL91A
by namita
Thu Aug 14, 2014 7:11 am
Forum: PMP® Open Forum
Topic: Quality Audit
Replies: 2
Views: 1054

Re: Quality Audit

Finding root cause is not a process oriented action which QA team takes care.

QA look into the process getting followed and audit the records and provide feedback..
by namita
Thu Aug 14, 2014 7:07 am
Forum: PMP® Open Forum
Topic: Cost vs Schedule
Replies: 2
Views: 990

Re: Cost vs Schedule

This is more of ethics questions situation described clearly that PM doesn't have funds.. B. Use the software so that your project comes in on time. - not ethical to use without proper licencing C. Purchase the software so that you have a licensed copy. - no funds so can't purchase as per given situ...
by namita
Thu Aug 14, 2014 6:58 am
Forum: PMP® Open Forum
Topic: Tool to determine schedule progress
Replies: 2
Views: 1000

Re: Tool to determine schedule progress

I agree on the point that question is not framed properly but among options no other option can be right other than A. Why? see below B. Project management software - this is a software used to manage project. This will not have current numbers of EV and PV for SV and SPI C. Schedule change control ...
by namita
Wed Aug 13, 2014 9:34 am
Forum: PMP® Exam Lessons – Success Stories
Topic: I have cleared PMP exam
Replies: 13
Views: 3284

Re: I have cleared PMP exam

Sure do that and also you can enroll for free ACP course. That will give you overview as well as PDUs for PMP too ;)

http://www.izenbridge.com/pmi-acp/free- ... roduction/
by namita
Wed Aug 13, 2014 7:55 am
Forum: PMP® Exam Lessons – Success Stories
Topic: I have cleared PMP exam
Replies: 13
Views: 3284

Re: I have cleared PMP exam

I am delighted to hear this Pankaj. As Saket suggested, this is the start of journey with iZenbridge. Stay connected for many more future activities (PDUs, Other certifications) and also now its time to contribute the knowledge you gained :)
by namita
Tue Aug 12, 2014 8:27 am
Forum: PMP® Open Forum
Topic: Question on Stakeholder conflict
Replies: 10
Views: 1993

Re: Question on Stakeholder conflict

@signor

under section 9.4.2.3 Conflict Management
by namita
Tue Aug 12, 2014 8:17 am
Forum: PMP® Open Forum
Topic: Reports
Replies: 3
Views: 976

Re: Reports

we have blog on quality tools which will give you inside on tools Histogram http://www.izenbridge.com/blog/histogram/ Control Chart http://www.izenbridge.com/blog/control-chart-as-a-component-of-seven-basic-quality-tool/ Scatter Diagram http://www.izenbridge.com/blog/scatter-diagram-scatter-plot-and...
by namita
Tue Aug 12, 2014 8:13 am
Forum: PMP® Queries and Tips
Topic: General and Project Management
Replies: 3
Views: 989

Re: General and Project Management

General Management - creating high performing teams, conflict management

Project Management - schedule & cost controls, scope control
by namita
Mon Aug 11, 2014 10:52 am
Forum: PMP® Queries and Tips
Topic: General and Project Management
Replies: 3
Views: 989

Re: General and Project Management

General Management route more towards people management where as Project management has people management and along with that many more skills
by namita
Mon Aug 11, 2014 10:49 am
Forum: PMP® Queries and Tips
Topic: m&c math
Replies: 1
Views: 985

Re: m&c math

Hi,
I am not sure why BAC should be 23 as per your opinion. Original was 18 and increased to 20 as one time occurrence of govt laws so 20
by namita
Sat Aug 09, 2014 5:14 pm
Forum: PMP® Open Forum
Topic: Question for Discussion-Estimation
Replies: 6
Views: 1414

Re: Question for Discussion-Estimation

WBS is the tool which facilitate this...Bottom up estimation is the process used to do pricing but not the tool which will help in doing pricing
by namita
Sat Aug 09, 2014 7:05 am
Forum: PMP® Open Forum
Topic: Need clarification-Marking questions for review
Replies: 4
Views: 1236

Re: Need clarification-Marking questions for review

Yes Sud you can. You can select your choice and mark for review..at the end you can go to all marked questions one after another
by namita
Fri Aug 08, 2014 12:33 pm
Forum: PMP® Open Forum
Topic: FP contract question
Replies: 5
Views: 1420

Re: FP contract question

Seller does its calculations but till the time seller finish the work he doesn't know the actual spent. In FP if due to some reason seller spent more, buyer is on safe side, specially for FFP.

what ever seller calculate in the beginning and get the contract will be true or not is decided at the end
by namita
Fri Aug 08, 2014 12:24 pm
Forum: PMP® Open Forum
Topic: Question for Discussion-Lesson
Replies: 2
Views: 787

Re: Question for Discussion-Lesson

I don't feel so. See below A. Documented as Lessons Learned - Yes this should be correct. we can document it at anytime of the project and we are in between the project B. Noted in the organizational process assets - Now this option is tricky. Lessons Learnt will eventually goes to OPA but we don't ...
by namita
Fri Aug 08, 2014 12:20 pm
Forum: PMP® Open Forum
Topic: Question for Discussion-Document
Replies: 2
Views: 979

Re: Question for Discussion-Document

Out of A & B I would go for A as forecast analysis is the activity and not the document. Also document is only having CPI and SPI not the EAC or ETC which shows the actual forecast
by namita
Fri Aug 08, 2014 12:09 pm
Forum: PMP® Open Forum
Topic: Question for Discussion-FP or CPIF
Replies: 4
Views: 1397

Re: Question for Discussion-FP or CPIF

If FPIF is given in this question that will be chosen for this question Generally PO refer to FP because this is the step ahead of contracting on paper. In other contract types, as the cost is calculated as the work is performed I.e. Cost reimbursable or T&M, PO stage is generally not there. How...
by namita
Fri Aug 08, 2014 8:28 am
Forum: PMP® Open Forum
Topic: Ethics Question - pls resp
Replies: 4
Views: 1180

Re: Ethics Question - pls resp

Custom should be always in limits... NO custom will say give gold as its a custom. So PM has to take a call..gift should look like gift
by namita
Fri Aug 08, 2014 8:04 am
Forum: PMP® Open Forum
Topic: Question for Discussion-FP or CPIF
Replies: 4
Views: 1397

Re: Question for Discussion-FP or CPIF

there are 3 variants of Fixed Price contract as well. As per PMBOK 5 Firm Fixed Price Contracts (FFP). The most commonly used contract type is the FFP. It is favored by most buying organizations because the price for goods is set at the outset and not subject to change unless the scope of work chang...
by namita
Thu Aug 07, 2014 12:44 pm
Forum: PMP® Open Forum
Topic: FP contract question
Replies: 5
Views: 1420

Re: FP contract question

In FP contracts, Buyer is safe as he will give Fixed amount. Seller is the one who will calculate profits so option 3 is not valid
by namita
Thu Aug 07, 2014 12:08 pm
Forum: PMP® Open Forum
Topic: Question for Discussion:Identify Req
Replies: 7
Views: 1442

Re: Question for Discussion:Identify Req

"Interviews are also useful for obtaining confidential information" - there is a difference between confidential and hidden. Confidential is something SH can share orally but not in writing i.e. can share informally but not formally but hidden is something they are not willing to share at ...
by namita
Thu Aug 07, 2014 12:05 pm
Forum: PMP® Open Forum
Topic: PDU claim
Replies: 3
Views: 898

Re: PDU claim

Why do you need activity code for category C?
by namita
Thu Aug 07, 2014 10:07 am
Forum: PMP® Open Forum
Topic: Question for Discussion-Procurement Conflict
Replies: 5
Views: 1442

Re: Question for Discussion-Procurement Conflict

yes I agree.. keep in mind.. law means last option. there is nothing more which can be done and this is coming out from the current situation depicted in question
by namita
Thu Aug 07, 2014 9:00 am
Forum: PMP® Open Forum
Topic: PDU claim
Replies: 3
Views: 898

Re: PDU claim

by namita
Thu Aug 07, 2014 5:39 am
Forum: PMP® Open Forum
Topic: Question for Discussion:Identify Req
Replies: 7
Views: 1442

Re: Question for Discussion:Identify Req

Here you need to know what all the T&T are B. Questionnaires - this is helpful when quick turnaround of big audience is required. So focus is to get requirements quickly not to get hidden requirements C. Surveys - this is helpful when quick turnaround of big audience is required. So focus is to ...
by namita
Thu Aug 07, 2014 5:30 am
Forum: PMP® Open Forum
Topic: Question for Discussion-Prevent/Correct/Defect
Replies: 6
Views: 1731

Re: Question for Discussion-Prevent/Correct/Defect

So let's go through this question in little detail. As per PMBOK5. I have highlighted the key words which will help you to decide whether the situation is talking about CA, PA or DR. Most of the questions I have encountered is having directly or indirectly some inclination to these key words Correct...
by namita
Thu Aug 07, 2014 5:21 am
Forum: PMP® Open Forum
Topic: Question for Discussion-Stakeholder Mgt
Replies: 3
Views: 860

Re: Question for Discussion-Stakeholder Mgt

If you ask between B & C. below is my take B. You must escalate these issues to the sponsor for his advice - Have you as PM explored all the areas and feel nothing more can be done and sponsor has to take a call C. You must work with stakeholders to defer those issues - ideally SH management is ...
by namita
Thu Aug 07, 2014 5:18 am
Forum: PMP® Open Forum
Topic: Question for Discussion-Make/Buy
Replies: 1
Views: 672

Re: Question for Discussion-Make/Buy

Now total duration is calculated on the basis of this call. We may go for Buying or leasing because even though we have capability resources are occupied on other projects. Therefore we need to go out. However project plan use this decision as input. if we are making inside our org, we take resource...
by namita
Thu Aug 07, 2014 5:11 am
Forum: PMP® Open Forum
Topic: Question for Discussion-Closure
Replies: 2
Views: 820

Re: Question for Discussion-Closure

Hi Sud,

Can I request you to go through the below webinar? there was one earlier question as well where closing was confusion. This will help you
https://www.youtube.com/watch?v=CJongXKL91A
by namita
Thu Aug 07, 2014 5:06 am
Forum: PMP® Open Forum
Topic: Question for Discussion-Procurement Conflict
Replies: 5
Views: 1442

Re: Question for Discussion-Procurement Conflict

I didn't get what is your confusion. What is the given answer and what is your choice?
by namita
Thu Aug 07, 2014 5:04 am
Forum: PMP® Open Forum
Topic: Question for Discussion-Validate Scope
Replies: 2
Views: 720

Re: Question for Discussion-Validate Scope

In this question, its clear that requirement is not 100% met so there is not further inputs required from team. PM has to take the next step and inform
by namita
Thu Aug 07, 2014 5:02 am
Forum: PMP® Open Forum
Topic: Question for Discussion-Professional Resp
Replies: 1
Views: 674

Re: Question for Discussion-Professional Resp

For this I would go with B
by namita
Wed Aug 06, 2014 8:20 am
Forum: PMP® Open Forum
Topic: Question for Discussion-EAC
Replies: 4
Views: 1240

Re: Question for Discussion-EAC

EAC = ETC+AC If we take ETC from question EAC = 62+138 = 200 which is equal to BAC and which suggests no varitions from planned Budget. So one thing you need to always keep in mind ETC given in question is as per planned values. when question is asking you to calculate means some variations are expe...
by namita
Wed Aug 06, 2014 8:11 am
Forum: PMP® Open Forum
Topic: Question for Discussion-Procurement
Replies: 2
Views: 847

Re: Question for Discussion-Procurement

Ignore this question if you are not familiar with PMBOK4.

Yes we need to move to closure once termination is decided
by namita
Wed Aug 06, 2014 8:04 am
Forum: PMP® Queries and Tips
Topic: Budget - Wording confusion
Replies: 3
Views: 1017

Re: Budget - Wording confusion

Venkat,

share the question. Once in a while we can use behind Budget as well but yes I will get this updated :)
by namita
Wed Aug 06, 2014 8:03 am
Forum: PMP® Open Forum
Topic: Question for Discussion-Communication
Replies: 2
Views: 921

Re: Question for Discussion-Communication

Sud, what is the source of this question? please share always here is my justification. while answering these kind of questions, more than communication models understanding, we need to club responsibility factor as well as logical judgement A. Project manager, he shouldn't have given the complex as...
by namita
Wed Aug 06, 2014 7:50 am
Forum: PMP® Open Forum
Topic: Question for Discussion-Cash Flow Methods
Replies: 7
Views: 1440

Re: Question for Discussion-Cash Flow Methods

Sud,

please confirm if you have gone thru below video. Its important to go through and understand the concept..

https://www.youtube.com/watch?v=yIMMy8h ... D_m1u2fYOn
by namita
Wed Aug 06, 2014 7:46 am
Forum: PMP® Open Forum
Topic: Question for Discussion-Integration
Replies: 2
Views: 688

Re: Question for Discussion-Integration

Sud, Sunku65 has explained well.. let me know if you have follow ups
by namita
Tue Aug 05, 2014 7:43 am
Forum: PMP® Open Forum
Topic: Question for Discussion-Closure
Replies: 1
Views: 757

Re: Question for Discussion-Closure

Even though we have got approval on deliverable (in bits and pieces), a formal final approval from customer is required as part of close project/phase process..

Recommend you to go through below webinar and post further queries

https://www.youtube.com/watch?v=CJongXKL91A
by namita
Tue Aug 05, 2014 7:35 am
Forum: PMP® Open Forum
Topic: Question for Discussion-Scope
Replies: 1
Views: 790

Re: Question for Discussion-Scope

What is the source of this question? Once the charter is done, any call for change has to come through integrated change control. In this SH is asking to add something, addition/deletion is part of change. analysis and assessment happens in a formal way. Please go through below blog for full flow ht...
by namita
Mon Aug 04, 2014 12:14 pm
Forum: PMP® Open Forum
Topic: Perform Quality Assurance
Replies: 4
Views: 1174

Re: Perform Quality Assurance

Agree Sunku65
by namita
Mon Aug 04, 2014 10:38 am
Forum: PMP® Queries and Tips
Topic: Budget - Wording confusion
Replies: 3
Views: 1017

Re: Budget - Wording confusion

generally for Budget terms used are under and over and for schedule its behind or ahead
by namita
Mon Aug 04, 2014 10:33 am
Forum: PMP® Open Forum
Topic: 7 basic quality tools & Quality management and control tools
Replies: 1
Views: 613

Re: 7 basic quality tools & Quality management and control t

I am not sure if I got your doubt clearly but I recommend you to go thru below blogs .. specially QC and QA one Histogram http://www.izenbridge.com/blog/histogram/ Control Chart http://www.izenbridge.com/blog/control-chart-as-a-component-of-seven-basic-quality-tool/ Scatter Diagram http://www.izenbr...
by namita
Mon Aug 04, 2014 10:30 am
Forum: PMP® Open Forum
Topic: Requirement management plan Vs Config mgmt
Replies: 2
Views: 938

Re: Requirement management plan Vs Config mgmt

Integrated Change control is the overall change control departmet. However specific knowledge areas plans describe "How" part of that KA specifically. E.g. in this case requirements. How we want our requirements to be controlled is described in Req management plan. We can't take any requir...
by namita
Mon Aug 04, 2014 10:27 am
Forum: PMP® Open Forum
Topic: Procurement Question Q
Replies: 2
Views: 754

Re: Procurement Question Q

A. Collected all relevant data, send the data to the company attorney, and consult with attorney about legal actions -> Isn't there any option other than going to legal action left B. Review the contract for specific agreed-up on terms that relate to the issue, see if there is a clear response, and ...

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