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by signor_rk
Sat Jul 19, 2014 3:48 am
Forum: PMP® Open Forum
Topic: Project Quality Management (Source: Scordo)
Replies: 3
Views: 559

Re: Project Quality Management (Source: Scordo)

Your mentioned PMBOK5 ref. page is #308. You are also right there. Now this has made me quite confusing. But I think I will stick to my earlier concept only.
Any comment please ....
by signor_rk
Fri Jul 18, 2014 4:18 pm
Forum: PMP® Open Forum
Topic: Project Quality Management (Source: Scordo)
Replies: 3
Views: 559

Project Quality Management (Source: Scordo)

Q: A measure taken to bring future results in line with the project plan BEST describes? (A) Change request (B) Preventive action (C) Corrective action (D) Defect repair Actual answer is Option # (B) , but the Scordo answer shows Option # (C) which is totally wrong. PMBOK5 ref. page # 81 .... so som...
by signor_rk
Fri Jul 18, 2014 1:23 pm
Forum: PMP® Open Forum
Topic: Cost baselie is BAC - Right ?.
Replies: 2
Views: 602

Re: Cost baselie is BAC - Right ?.

With ref. to PMBOK5 Page#s 213 & 534 , this clearly mentions the followings:

Cost Baseline : The approved version of the time - phased project budget , EXCLUDING any management reserves ( which is BAC).
Project Budget : BAC + Management Reserve

Any comments please.
by signor_rk
Fri Jul 18, 2014 1:05 pm
Forum: PMP® Open Forum
Topic: Procurement Question
Replies: 7
Views: 828

Re: Procurement Question

This seems all the options are MUST except having lesser weightage to the Option # C The address of the seller. The Seller's address may change during the course of implementation of the Contract.
by signor_rk
Fri Jul 18, 2014 11:30 am
Forum: PMP® Open Forum
Topic: FP Contract
Replies: 9
Views: 1149

Re: FP Contract

I was considering the Buyer's side only.
Suppose the Independent estimate is available with the Procuring Organization/Buyer. Then the profit of the quoted price of Seller can be known , which eliminates the option # A.
by signor_rk
Fri Jul 18, 2014 5:05 am
Forum: PMP® Open Forum
Topic: FP Contract
Replies: 9
Views: 1149

Re: FP Contract

In my opinion , the options are as follows : A.Unknown > This not correct , as the profit part is already considered while negotiating the Contract. B.Part of negotiation involved in paying every invoice > This is generally not done while paying any invoice. C.Applied as a line item to every invoice...
by signor_rk
Fri Jul 18, 2014 4:22 am
Forum: PMP® Open Forum
Topic: Procurement Question
Replies: 6
Views: 718

Re: Procurement Question

I think Option # C is the right answer. Other options seems to be Seller options.
by signor_rk
Fri Jul 18, 2014 4:05 am
Forum: PMP® Open Forum
Topic: Procurement Question
Replies: 3
Views: 524

Re: Procurement Question

Option # B seems to be the correct answer. The Option # D is already covered in Option # B.
by signor_rk
Fri Jul 18, 2014 3:48 am
Forum: PMP® Open Forum
Topic: record management system
Replies: 4
Views: 764

Re: record management system

As per PMBOK5 ref. Page#377 , the Project Manager may not be the lead negotiator on procurements. Therefore , the right answer is Option # D .
by signor_rk
Fri Jul 18, 2014 3:28 am
Forum: PMP® Open Forum
Topic: Procurement Question
Replies: 2
Views: 374

Re: Procurement Question

Option # C seems to be the right answer as the Scope definition is LIMITED , i.e, not much details are available.
by signor_rk
Wed Jul 16, 2014 2:16 pm
Forum: PMP® Open Forum
Topic: Resource-constrained critical path
Replies: 3
Views: 674

Re: Resource-constrained critical path

This topic has also cleared the answer for the following question from Scordo:

Q: Accounting for the limited resources in the project schedule is called:
(A) Forward pass
(B) Critical chain method
(C) Backward Pass
(D) Critical Path Method

So , the answer is Option# (B) Critical Chain Method. :)
by signor_rk
Wed Jul 16, 2014 12:20 pm
Forum: PMP® Open Forum
Topic: Project Cost Management Question (Source: Scordo)
Replies: 3
Views: 874

Re: Project Cost Management Question (Source: Scordo)

Thank you all for sharing your views & comments.
by signor_rk
Wed Jul 16, 2014 6:14 am
Forum: PMP® Open Forum
Topic: Project Cost Management Question (Source: Scordo)
Replies: 3
Views: 874

Project Cost Management Question (Source: Scordo)

Q: Breaking down project activities into smaller components in order to obtain a more accurate cost estimate is called: (A) Work breakdown structure (B) Analogous estimating (C) Decomposition (D) Bottom-up estimating My selected option was #(C) , but the answer shows # (D). Problem in understanding....
by signor_rk
Mon Jul 14, 2014 7:54 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Today I have Cleared PMP EXam
Replies: 8
Views: 1440

Re: Today I have Cleared PMP EXam

That's great Yogesh !!! Congratulations to you !!! :)

Regards,

Ranjit
by signor_rk
Thu Jul 10, 2014 4:25 pm
Forum: PMP® Open Forum
Topic: EVM question
Replies: 16
Views: 1803

Re: EVM question

This question has two correct answers : Options #C & D. Seems , the question is not set perfectly !!! :D

Regards,

Ranjit
by signor_rk
Thu Jul 03, 2014 3:12 am
Forum: PMP® Open Forum
Topic: Blog: What Are Stakeholders – How To Identify Them?
Replies: 5
Views: 968

Re: Blog: What Are Stakeholders – How To Identify Them?

Thanks Saket. I too saw somewhere in some other forum on similar discussion.

Regards,

Ranjit
by signor_rk
Wed Jul 02, 2014 3:06 pm
Forum: PMP® Exam Lessons – Success Stories
Topic: PMP CERTIFICATION
Replies: 16
Views: 1698

Re: PMP CERTIFICATION

This can also be calculated as follows :
n(n-1)/2= 10
=> n(n-1)=20
=> n^2 - n -20 =0
If we consider n=5 , then 5^2 -5 -20 =0 , which satisfies the equation.
So , n=5 for location C & so on.....
by signor_rk
Wed Jul 02, 2014 10:58 am
Forum: PMP® Open Forum
Topic: Blog: What Are Stakeholders – How To Identify Them?
Replies: 5
Views: 968

Re: Blog: What Are Stakeholders – How To Identify Them?

With reference to the blog I quote a part as follows: "2. Do I need to recognize my competitors as stakeholders? Since they may get negatively affected by my project." Here I would like to add a situation like this: Company A and Company B along with some other competitors quoted for a Meg...
by signor_rk
Wed Jul 02, 2014 10:09 am
Forum: PMP® Exam Lessons – Success Stories
Topic: PMP done and dusted.
Replies: 4
Views: 1119

Re: PMP done and dusted.

Congratulations on your success !!!

Regards,

Ranjit
by signor_rk
Wed Jul 02, 2014 9:24 am
Forum: PMP® Open Forum
Topic: EAC = BAC/CPI vs ac + bac - ev
Replies: 5
Views: 1218

Re: EAC = BAC/CPI vs ac + bac - ev

Tha's fine. Thanks Indu.

Regards,

Ranjit
by signor_rk
Wed Jul 02, 2014 6:28 am
Forum: PMP® Open Forum
Topic: EAC = BAC/CPI vs ac + bac - ev
Replies: 5
Views: 1218

Re: EAC = BAC/CPI vs ac + bac - ev

What about EAC =AC+[(BAC-EV)/(CPI*SPI)] ?
Is it possible to use this formula in this case ?

Regards ,
Ranjit
by signor_rk
Tue Jul 01, 2014 3:52 pm
Forum: PMP® Open Forum
Topic: Project Integration Management
Replies: 5
Views: 1062

Re: Project Integration Management

This has been already deleted in the fifth edition of Andy Crowe's book titled "The PMP EXAM How to pass on your first try". Ref. page# 61.

Regards,

Ranjit
by signor_rk
Tue Jul 01, 2014 7:51 am
Forum: PMP® Exam Lessons – Success Stories
Topic: PMP CERTIFICATION
Replies: 16
Views: 1698

Re: PMP CERTIFICATION

Congrats to you ..... :)

Regards,

Ranjit
by signor_rk
Mon Jun 30, 2014 4:46 am
Forum: PMP® Open Forum
Topic: Salience Model - Stakeholder Analysis
Replies: 3
Views: 800

Re: Salience Model - Stakeholder Analysis

If the URGENCY set is omitted , the components under the other two sets will be : A. POWER : Dangerous + Latent or Dormant + Core or Definitive + Dominant B. LEGITIMACY : Dependent + Discretionary + Core or Definitive + Dominant Which shows , the Core or Definitive + Dominant as common for the two s...
by signor_rk
Sat Jun 28, 2014 12:08 pm
Forum: PMP® Open Forum
Topic: Precedant Diagram Method
Replies: 7
Views: 926

Re: Precedant Diagram Method

Since activity A completes when activity B is completed , it is a Finish to Finish logical relationship .... :)
by signor_rk
Fri Jun 27, 2014 11:43 am
Forum: PMP® Open Forum
Topic: Qualified the PMP test
Replies: 3
Views: 671

Re: Qualified the PMP test

Congrats to you !!! ... :)

Regards,

Ranjit
by signor_rk
Sun Jun 22, 2014 4:59 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Successfully completed PMP exam in first try
Replies: 8
Views: 1652

Re: Successfully completed PMP exam in first try

Congratulation to you on your success ......

Regards,

Ranjit
by signor_rk
Sun Jun 22, 2014 4:49 am
Forum: PMP® Open Forum
Topic: My pleasure to be part of this forum !!!
Replies: 2
Views: 650

Re: My pleasure to be part of this forum !!!

hi Saket, Thanks for enrolling me into this forum.I have already scheduled my PMP Exam in the last week of July'14.Luckly I got this opportunity to access such a nice stock of study materials from iZenbridge in the last part of my PMP Certification Project !!! I have already subscribed to your Youtu...
by signor_rk
Sat Jun 21, 2014 6:12 am
Forum: PMP® Open Forum
Topic: My pleasure to be part of this forum !!!
Replies: 2
Views: 650

My pleasure to be part of this forum !!!

hi everyone,

It is my pleasure to be a part of this wonderful discussion forum. Hope I can also contribute to this forum towards our journey to achieve the PMP Certification.

Best regards,

Ranjit

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