Search found 265 matches

by nazrulq
Thu Jul 27, 2017 4:32 am
Forum: PMP® Open Forum
Topic: Discounted Cash Flow
Replies: 1
Views: 815

Discounted Cash Flow

Can any body explain with example what is that and also why it is not a project selection criteria!

Thanks.
by nazrulq
Thu Jul 27, 2017 4:11 am
Forum: PMP® Open Forum
Topic: Level of Effort
Replies: 1
Views: 742

Level of Effort

Can Manish please discuss Level of Effort, Appointed Effort and Discrete effort with example please!

Thank You.
by nazrulq
Tue Jul 25, 2017 7:44 pm
Forum: PMP® Open Forum
Topic: Parametric Estimates
Replies: 2
Views: 1166

Parametric Estimates

When Statistical relationship can not be used ( Rate per sq.ft) . Then 3 point with beta distribution is the best option! As scope is not fully defined.Parametric Estimate also Called Top Down Estimate.

Any Further suggestion will be highly appreciated!
by nazrulq
Tue Jul 25, 2017 7:38 pm
Forum: PMP® Open Forum
Topic: Flow Chart
Replies: 2
Views: 1002

Re: Flow Chart

What I have written is a flow chart which only need an arrow. I will upload at a later time.
Thank You!
by nazrulq
Tue Jul 25, 2017 6:03 am
Forum: PMP® Open Forum
Topic: Flow Chart
Replies: 2
Views: 1002

Flow Chart

Direct and manage project work - WPD/DELIVERABLES -Control Quality- (V.D) Validate Scope- (AD) Close Project Phase. (CR) Perform Integrated Change Control- (ACR) Direct & Manage Project Work Control Scope can be done before validate scope but some times those process can be done parallel. Qualit...
by nazrulq
Tue Jul 25, 2017 5:44 am
Forum: PMP® Open Forum
Topic: Conflict Management
Replies: 1
Views: 616

Conflict Management

Main causes in conflict according to the order 1. Schedule 2. Priorities 3.Manpower 4.Technical 5.Procedure 6. Personalities 7.Cost. According to Rita Mulchay cost is before personalities but other source said least conflict cause is Cost. Most recommended techniques for conflict resolution in order...
by nazrulq
Mon Jul 24, 2017 7:35 pm
Forum: PMP® Open Forum
Topic: Quality/Risk
Replies: 2
Views: 932

Re: Quality/Risk

Thanks Manish.

Source : Rita's Quality Question No. 24 and explanation.
by nazrulq
Mon Jul 24, 2017 5:29 am
Forum: PMP® Open Forum
Topic: Special cause/ Assignable Cause (Quality)
Replies: 1
Views: 777

Special cause/ Assignable Cause (Quality)

When Data point or points are out side any control limit even on specification limit range. That is called a Special cause. In Rita's book, assignable cause shows data point is on specification limit. How about if 3 data points are located above or below control limit (+/-3 sigma)/. That is also exp...
by nazrulq
Mon Jul 24, 2017 5:22 am
Forum: PMP® Open Forum
Topic: Quality/Risk
Replies: 2
Views: 932

Quality/Risk

Question: The Project manager has just taken over the project from another project manager during project executing .the previous project manager created project budget, determined communication requirement and went to complete work package .What should the new project manager do NEXT? 1. Coordinate...
by nazrulq
Mon Jul 24, 2017 5:00 am
Forum: PMP® Open Forum
Topic: Range of Estimates
Replies: 2
Views: 971

Re: Range of Estimates

Thanks for noticing!
by nazrulq
Mon Jul 24, 2017 4:59 am
Forum: PMP® Open Forum
Topic: Time Management Practice
Replies: 5
Views: 1133

Re: Time Management Practice

The approach is first to shorten that activity which makes the network diagram longest path.Then there will be two critical paths. Then from one two critical paths try to shorten one and so on until schedule compression optimization is done. That is the basic there is software nowadays to optimized ...
by nazrulq
Sat Jul 22, 2017 6:55 pm
Forum: PMP® Open Forum
Topic: Customers Validation
Replies: 1
Views: 990

Customers Validation

Question A customer has given you a contract statement of work for a complex, eight month project that has a few unknowns. The customer has asked you to just "get it done" & only wants to see you at the end of eight months when you deliver the final project. Which of the following is t...
by nazrulq
Sat Jul 22, 2017 7:04 am
Forum: PMP® Open Forum
Topic: Project Selection Method
Replies: 1
Views: 649

Project Selection Method

Which of the following project selection methods is not a comparative approach (or benefit measurement model)?


A Linear programming

Correct Answer

B Murder boards

Wrong Answer

My Answer

C Benefit-to-cost ratios

D Peer review
by nazrulq
Sat Jul 22, 2017 6:42 am
Forum: PMP® Open Forum
Topic: Pareto Chart
Replies: 1
Views: 694

Pareto Chart

Which corrective action will be most effective while using Pareto's rule in particular with respect to impact & cause of the problems?

A 75/25

B 80/20

(Wrong Answer)

My Answer

C90/10

Correct Answer


D 85/15

Can Somebody explain Why!
by nazrulq
Sat Jul 22, 2017 4:26 am
Forum: PMP® Open Forum
Topic: Ethics Question
Replies: 3
Views: 660

Re: Ethics Question

It is very difficult to determine what the question is asking for. If you think about PMI code of Ethics then option 3 is the best choice. To find a clue word is very difficult in that type of question. According to PMI Code of Ethics PM should be honest regarding his capabilities, he should inform ...
by nazrulq
Sat Jul 22, 2017 3:55 am
Forum: PMP® Open Forum
Topic: Contract Award
Replies: 1
Views: 708

Contract Award

When Contract is awarded by Procurement Department and Procurement Manager along with Contract Administrator is responsible awarding contract though Project Manager's participation is sometimes required. But who will finally sign off for the contract from buyer side.Project Sponsor's involvement as ...
by nazrulq
Sat Jul 22, 2017 3:48 am
Forum: PMP® Open Forum
Topic: Time Management Practice
Replies: 5
Views: 1133

Re: Time Management Practice

Critical Path , Start-B-C-E-H-End ; Duration : 16 Days Start-A-D-G-End ; Duration : 14 Days Start-B-E-H-End ; Duration : 12 Days Start-C-F-I-End ; Duration : 9 Days If Crushing or Fast tracking is required then first shorten activity H by 2 days. 2nd iteration Activity G etc. First Activity H is the...
by nazrulq
Fri Jul 21, 2017 1:01 am
Forum: PMP® Open Forum
Topic: Expert Judgement
Replies: 1
Views: 753

Expert Judgement

Project Competitor can provide expert Judgement as per Christopher Scordo exam question yes but as per Izenbridge explanation no. My opinion honest expert judgement can even be helpful from the competitor unless their is some different motivation to earn business! :D Can Manish Clarify please! Thanks.
by nazrulq
Fri Jul 21, 2017 12:07 am
Forum: PMP® Open Forum
Topic: Range of Estimates
Replies: 2
Views: 971

Range of Estimates

Rough order of Estimate went down from -25 % - 75% to new Definitive estimate -10% - + 10%. Old Budgeted Range was $3M to $5M . What could be the new range while using definitive estimate. Answer : Calculate the Mean = (3+5) x .5 = $4M New Range = .9x4 = $3.6 M and 1.1 x 4 = $4.4 New Range $3.6M to ...
by nazrulq
Thu Jul 20, 2017 11:57 pm
Forum: PMP® Open Forum
Topic: Ethics Question
Replies: 3
Views: 660

Ethics Question

Question: Project Manager has given high authority to take decisions but in project decision he has lack of experience. In this regards, what project manager has to do: 1. Take decision even though he has lack of experience. 2. Seek for Expert Judgement 3. Inform the higher management about his lack...
by nazrulq
Thu Jul 20, 2017 11:13 pm
Forum: PMP® Open Forum
Topic: Time Estimation
Replies: 1
Views: 764

Re: Time Estimation

There is no hard and fast rule what estimate strategy can be adopted but those are depending on the condition of project phases in which the project is running into. For the example at the beginning Analogous or Parametric Estimates are options when the scope is unknown. In initiating process Analog...
by nazrulq
Thu Jul 20, 2017 10:59 pm
Forum: PMP® Open Forum
Topic: Exam Question
Replies: 3
Views: 750

Re: Exam Question

Before lease will be less Economical than buy, Lease Cost =Buy Cost

Say total no of months when the costs are the same are M

1000+ 400M = 5000 + 300M
or, 400M-300M = 5000-1000
or, 100M = 4000

therefore, M = 40 months

Hopefully, that answers the requirement.
by nazrulq
Tue Jul 18, 2017 1:57 am
Forum: PMP® Open Forum
Topic: Project Closure
Replies: 1
Views: 749

Project Closure

Question Which of the following process group contains the processes performed to finalize all activities across all Process Groups to formally close a project or phase ? 1.Closing Process Group 2.Initiating Process Group 3.Executing Process Group 4.Monitoring and Controlling Process Group In Monito...
by nazrulq
Tue Jul 18, 2017 1:28 am
Forum: PMP® Open Forum
Topic: Procurement Management Plan
Replies: 5
Views: 1949

Re: Procurement Management Plan

I think the question is not properly formed. Conduct Procurement is dealing with sellers proposal and awarding contract. Here is another question which is not clearly stated too Decisions made in developing the procurement management plan may have least influence on …….. 1.Project Schedule 2.Project...
by nazrulq
Mon Jul 17, 2017 6:12 pm
Forum: PMP® Open Forum
Topic: Analogous Estimates
Replies: 3
Views: 1266

Re: Analogous Estimates

The main difference between analogous and parametric estimate is the similarity and Project Parameter . Those both type estimates depends on historical data. Please see the definition at Glossary PMBOK Page-528 and page 548 I think option 1 should be good as project parameter is absent in the Questi...
by nazrulq
Mon Jul 17, 2017 6:04 pm
Forum: PMP® Open Forum
Topic: Conduct Procurement
Replies: 2
Views: 929

Re: Conduct Procurement

More bidder this time usually 4 to 5 . That is could be the reason and two bidder have quoted very lesser price!

Can Manish explain please! :D
by nazrulq
Mon Jul 17, 2017 6:00 pm
Forum: PMP® Open Forum
Topic: Analogous Estimates
Replies: 3
Views: 1266

Re: Analogous Estimates

Not really cleared!

Can Manish explain elaborately please!
by nazrulq
Sun Jul 16, 2017 10:48 pm
Forum: PMP® Open Forum
Topic: Analogous Estimates
Replies: 3
Views: 1266

Analogous Estimates

Question : You are working on cost estimates of a project and you are the project manager. You got to know that in past two similar projects has been done and successfully delivered. You approach the PMO department to get the cost performance baselines, lessons learned and other information that can...
by nazrulq
Sun Jul 16, 2017 8:41 pm
Forum: PMP® Open Forum
Topic: Stakeholders Engagement
Replies: 1
Views: 781

Stakeholders Engagement

One stakeholder comes to you and asks why this project is delayed? You explain that we are proceeding as per schedule, but he shows you the project charter and dates given in project charter is already passed by, what is wrong here? 1.Project Manager is not taking care of commitments made in project...
by nazrulq
Sun Jul 16, 2017 7:10 am
Forum: PMP® Open Forum
Topic: Procurement Management Plan
Replies: 5
Views: 1949

Procurement Management Plan

Question: You are considering hiring service of some vendors regarding a utility development in your project. You have started with Plan procurement process, as a seasoned project manager in your opinion which of the following statements is true regarding the procurement management plan? 1.The procu...
by nazrulq
Sun Jul 16, 2017 6:32 am
Forum: PMP® Open Forum
Topic: Expected Monetary value
Replies: 2
Views: 858

Re: Expected Monetary value

usually that type of question does n't come to the actual PMP exam . Decision build or buy type or calculate EVM etc.
by nazrulq
Sun Jul 16, 2017 5:31 am
Forum: PMP® Open Forum
Topic: Q - Change Request
Replies: 11
Views: 5464

Change Request

Project Manager or Project Sponsor is ultimately responsible for approving the changes. Once changes control board approves the request it has to be approved by sponsor. I do n't think Project Manager is equally responsible as Project sponsor (Rita or PMBOK )did n't clarify what happend in real proj...
by nazrulq
Fri Jul 14, 2017 6:02 am
Forum: PMP® Open Forum
Topic: Practiced Conflict Resolution System
Replies: 2
Views: 777

Re: Practiced Conflict Resolution System

Thank You.
by nazrulq
Fri Jul 14, 2017 5:28 am
Forum: PMP® Open Forum
Topic: Conduct Procurement
Replies: 2
Views: 929

Conduct Procurement

Larry is the project manager and working with procurement department of his organization to do procurement for his project. Procurement department said these are usual commodities and same has been procured many time. Also as this has been procured multiple times, generally they receive response fro...
by nazrulq
Fri Jul 14, 2017 12:45 am
Forum: PMP® Open Forum
Topic: Stakeholder Engagement
Replies: 1
Views: 718

Stakeholder Engagement

Question Rob, is Project Manager for a Satellite development program which runs for 4 years and it has been decided to split it in logical phases to make it more manageable. There is a cost cutting initiative in his organization and Rob finally got his budget approved from Martin (his sponsor) after...
by nazrulq
Wed Jul 12, 2017 2:30 am
Forum: PMP® Open Forum
Topic: Forthcoming PMP exam
Replies: 1
Views: 617

Re: Forthcoming PMP exam

PMBOK 6 will be released in the 4th Quarter of this year but Questions will be based on PMBOK 5 till the Ist quarter of 2018. So till the end of 2017 should be good as per PMI.
This information is based on my recent conversation to the Customer Care department of PMI.
by nazrulq
Wed Jul 12, 2017 2:24 am
Forum: PMP® Open Forum
Topic: PM Role in different phases of the project
Replies: 2
Views: 1017

Re: PM Role in different phases of the project

Correct Answer: Coaching. But I am not agree with that justification. Coaching might require in the beginning but later on Directing and Monitoring.Supportive Can be in closing phase. Not Coaching! I think its a wrong answer!
Can Manish explain !

Thanks.
by nazrulq
Tue Jul 11, 2017 4:42 pm
Forum: PMP® Open Forum
Topic: PM Role in different phases of the project
Replies: 2
Views: 1017

PM Role in different phases of the project

In the Executing phase of a project, a project manager should ideally be: 1 Coaching 2 Directing 3 Authoritarian 4 Supportive My Opinion : In initiating - Coaching Planning /Executing- Diercting & Coaching Monitoring -Directing Closing- Supportive Authritarian is not a valid option. If Manish ca...
by nazrulq
Tue Jul 11, 2017 3:19 am
Forum: PMP® Open Forum
Topic: Human Resource Management
Replies: 1
Views: 766

Human Resource Management

Q. All the project managers should be good at delegation because this helps them concentrate on leadership activities and delegate routine activities. In this context, which, out of the following, can a project manager delegate to her subordinates? 1 Long-range planning 2 Performance appraisals 3 Pr...
by nazrulq
Mon Jul 10, 2017 10:49 pm
Forum: PMP® Open Forum
Topic: Close Project
Replies: 4
Views: 1153

Close Project

What is the last step of Closing Project? Not Clearly difined in PMBOK or Rita or Andy Crowe! Is that OPA updates or Started Releasing the Team.I think some team members are needed to help PM at this stage too. So after finishing all the task PM can release the team for other projects if avaiable. A...
by nazrulq
Mon Jul 10, 2017 8:34 pm
Forum: PMP® Open Forum
Topic: Practiced Conflict Resolution System
Replies: 2
Views: 777

Practiced Conflict Resolution System

The conflict resolution techniques that are mostly practiced in Project management practice are: 1 Withdraw, Force, Compromise 2 Withdraw, Authoritative, Force 3 Withdraw, Authoritative, Compromise 4 Withdraw, Collaborate, Accommodate Mostly recommended as best practice is Collaborating/Problem solv...
by nazrulq
Mon Jul 10, 2017 8:23 pm
Forum: PMP® Open Forum
Topic: Schedule Management
Replies: 2
Views: 988

Re: Schedule Management

Correct option is 3!
by nazrulq
Mon Jul 10, 2017 8:07 pm
Forum: PMP® Open Forum
Topic: Project Acceptance time
Replies: 2
Views: 791

Re: Project Acceptance time

Thanks not clearly mentioned. Ofcourse when they are ready to deliver.But phase end review also done. Sometimes answers are not cearly defined.
by nazrulq
Mon Jul 10, 2017 5:18 am
Forum: PMP® Open Forum
Topic: Project Acceptance time
Replies: 2
Views: 791

Project Acceptance time

Project sponsor stresses the importance of obtaining stakeholders` formal acceptance of completed deliverables. This should be done: 1 At the end of the project 2 At the end of each project phase 3 After deliverables are completed and ready for review 4 After project milestones are defined Correct A...
by nazrulq
Sun Jul 09, 2017 8:52 pm
Forum: PMP® Open Forum
Topic: Schedule Management
Replies: 2
Views: 988

Schedule Management

Question: You are a principal at an architecture firm which has made you the Project Manager in charge of building three new apartment and office towers on a larger waterfront construction. The project has a critical path of twenty-five weeks. What is the impact on the duration of the critical path ...
by nazrulq
Sun Jul 09, 2017 8:37 pm
Forum: PMP® Open Forum
Topic: Ethical Question
Replies: 6
Views: 1380

Re: Ethical Question

This is debatable thing . Professional Engineers have their own code of Ethics. Same as other Professional organization they have their own. But the core point is that you should not take that responsibility which you are totally unware. Construction Management, IT Managagement , Production Manageme...
by nazrulq
Sun Jul 09, 2017 2:11 am
Forum: PMP® Open Forum
Topic: Scope
Replies: 3
Views: 1070

Scope

In construction project, PM is creating documents that will define the product or report status on product completion. These can also be referred to as: 1 Project documents 2 Project management plan 3 Scope baseline 4 Scope management plan Correct Answer 1. My Answer is option 4. Can somebosdy Ellua...
by nazrulq
Sun Jul 09, 2017 1:37 am
Forum: PMP® Open Forum
Topic: Ethical Question
Replies: 6
Views: 1380

Re: Ethical Question

Correct Answer is C unfortunately. I can go for option 4. Following Question is much similiar one but with a different senario. That answer matches with your thinikng. Please see below what is about! You have received a lucrative offer to manage a Bridge constuction project . But you realize that th...
by nazrulq
Fri Jul 07, 2017 3:50 am
Forum: PMP® Open Forum
Topic: Control Schedule
Replies: 4
Views: 1104

Re: Control Schedule

The question is asking NOT true. The project manager takes the anticipated changes through the change control process. I think he is NOT influencing changes! He is just pursuing changes through change control board if they occur!

Please Clarify!
by nazrulq
Wed Jul 05, 2017 11:07 pm
Forum: PMP® Open Forum
Topic: Ethical Question
Replies: 6
Views: 1380

Ethical Question

The company you are working for has been awarded an engineering, procurement, and construction (EPC) contract to build a Gas plant. You have been assigned to manage this project, but your expertise as a project manager is in the field of information technology. In this context, what should you do? 1...

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