## Search found 179 matches

Thu Dec 04, 2014 1:06 pm
Forum: PMP® Open Forum
Topic: Question on Multi Phase project.
Replies: 4
Views: 2397

### Re: Question on Multi Phase project.

Sorry , I would better choose the last Option # D) The Close Project or Phase process needs to be performed at the end of each phase of the project and involves closing out the portion of project scope applicable to that phase Here is a link found justified for this: http://4squareviews.com/2013/01/...
Thu Dec 04, 2014 12:45 pm
Forum: PMP® Open Forum
Topic: Question on Multi Phase project.
Replies: 4
Views: 2397

### Re: Question on Multi Phase project.

Between Options # A) & D) , the best pick seems to be the Option # A)The Close Project or Phase process needs to be done at the end of each phase of the project; however, it is left to the project manager's opinion on whether he/she wants to perform this process in between phases. It necessarily...
Thu Dec 04, 2014 7:27 am
Forum: PMP® Open Forum
Topic: Quick view on free float in a network diagram
Replies: 3
Views: 2275

### Re: Quick view on free float in a network diagram

I have not seen any formula so far for calculating the Free Float/Slack. Still can we write down like this:

Free Float/slack = ES of Successor activity - EF of Predecessor activity - 1
This also seems the formula for calculating the Lag Time.

Expert comments are most welcome ....

Thanks
Thu Dec 04, 2014 5:17 am
Forum: PMP® Open Forum
Topic: Distributions
Replies: 14
Views: 4203

### Re: Distributions

I think for PMP Exam , we no need to go very deep into the details of all forms of distributions. Here is a link to the Logarithmic distribution for quick reference:
http://mathworld.wolfram.com/Logarithmi ... ution.html
Thu Dec 04, 2014 5:11 am
Forum: PMP® Open Forum
Topic: How to calculate the EMV for the questions attached?
Replies: 1
Views: 1285

### Re: How to calculate the EMV for the questions attached?

We need to start from the right branch:
For Chance Node 1: EMV = 0.20 * \$1,000 = \$200
For Chance Node 2: EMV = 0.10 * \$200 = \$20
For Chance Node 3: EMV = 0.20 * \$20 = \$4

So , the Final Decision Node EMV = \$4

My pick is Option # D) \$4
Wed Dec 03, 2014 4:55 pm
Forum: PMP® Open Forum
Topic: Release team no longer a viable step as part of Close proces
Replies: 3
Views: 2017

### Re: Release team no longer a viable step as part of Close pr

hi Shankar, Though I am not an expert , I would like to add something regarding the release of Project Team Members/resources. In Rita's Process Chart we find the release of resources in the Executing Process group itself when the work is completed. But we still need some Project Team members in the...
Wed Dec 03, 2014 1:14 pm
Forum: PMP® Open Forum
Topic: Confusion on EAC formula
Replies: 4
Views: 1941

### Re: Confusion on EAC formula

hi Shankar , EAC = BAC/CPI is used when the current CPI is expected to continue till the completion of the project EAC = AC + BAC - EV is used when the case is atypical , i.e., one time unexpected case has happened , but the remaining work i.e. BAC-EV will be completed as planned earlier. EAC = AC +...
Wed Dec 03, 2014 1:04 pm
Forum: PMP® Open Forum
Topic: PMP Question need help
Replies: 3
Views: 1478

### Re: PMP Question need help

Let us name the activities as A , B and C So, the individual probabilities of finishing on time are : P(A) = 0.90 , P(B) =0.90 and P(C) = 0.90 Therefore , their joint probability of finishing on time : P(A , B, C) = P(A) * P(B) * P(C) = 0.90 * 0.90 * 0.90 = 0.729 , say 0.73 Therefore , my pick is Op...
Wed Dec 03, 2014 5:56 am
Forum: PMP® Open Forum
Topic: Distributions
Replies: 14
Views: 4203

### Re: Distributions

Most welcome ...
Tue Dec 02, 2014 1:46 pm
Forum: PMP® Open Forum
Topic: Earned Value - SPI at project completion
Replies: 5
Views: 2662

### Re: Earned Value - SPI at project completion

You are welcome and wish you good luck for your Exam as well.
Tue Dec 02, 2014 9:50 am
Forum: PMP® Open Forum
Topic: What is LOE
Replies: 1
Views: 1071

### Re: What is LOE

Tue Dec 02, 2014 8:36 am
Forum: PMP® Open Forum
Topic: Distributions
Replies: 14
Views: 4203

### Re: Distributions

hi Dipti ,

Here is a link related to this topic (Courtesy : Deep Fried Brain ). Please have a look :
http://www.deepfriedbrainproject.com/20 ... jects.html

Thanks
Mon Dec 01, 2014 6:22 pm
Forum: PMP® Open Forum
Topic: Earned Value - SPI at completion (q2)
Replies: 1
Views: 1336

### Re: Earned Value - SPI at completion (q2)

Yes. That is the thumb rule so far to my understanding. Because we will be re-base lining our schedule.
Mon Dec 01, 2014 6:18 pm
Forum: PMP® Open Forum
Topic: Earned Value - SPI at project completion
Replies: 5
Views: 2662

### Re: Earned Value - SPI at project completion

When a project is completed , it's SPI =1 and SV = 0
This is the thumb rule !!!
Mon Dec 01, 2014 12:44 pm
Forum: PMP® Open Forum
Topic: RISK mgmt
Replies: 1
Views: 1018

### Re: RISK mgmt

Quantitative Risk Analysis is time consuming , more costlier as compared to the Qualitative Risk Analysis. So , wherever sufficient data is not available to develop appropriate Risk Models , followed by time or fund constraints , in that case it is preferred to go for Qualitative Risk Analysis on th...
Mon Dec 01, 2014 12:28 pm
Forum: PMP® Open Forum
Topic: Control risk
Replies: 3
Views: 1755

### Re: Control risk

hi Dipti, As we could clearly see from Figure 11-21 , Page # 349 PMBOK5 , WPD comes from Direct and Manage Project Work process , whereas WPR comes from the Monitor and Control Project Work process. The various performance results from execution which might have impacted by the risk can be: Delivera...
Mon Dec 01, 2014 11:46 am
Forum: PMP® Open Forum
Topic: Control Chart
Replies: 9
Views: 2762

### Re: Control Chart

hi Dipti,

As mentioned above by Namita , it will still be Option # 3) , if it is 8 weights or even 1 weight !!!
Mon Dec 01, 2014 11:42 am
Forum: PMP® Open Forum
Topic: Assumptions & Constraints - Proj Charter & Scope Stmt
Replies: 4
Views: 1574

### Re: Assumptions & Constraints - Proj Charter & Scope Stmt

Exactly Bhabani. Thanks
Sun Nov 30, 2014 10:44 am
Forum: PMP® Open Forum
Topic: Assumptions & Constraints - Proj Charter & Scope Stmt
Replies: 4
Views: 1574

### Re: Assumptions & Constraints - Proj Charter & Scope Stmt

hi Niraj,

Your understanding is right. Reference Page # 124 PMBOK5
We need to consider for both the documents. It depends on the situation.
If it is at high level , then Project Charter
If it is at a detailed level , then Project Scope Statement.
Sat Nov 29, 2014 1:42 pm
Forum: PMP® Open Forum
Topic: Question on Control Chart
Replies: 2
Views: 1370

### Re: Question on Control Chart

This has been discussed earlier in this forum. Please have a look at the following link:
viewtopic.php?f=3&t=1113&p=3825&hilit=Control+limit.#p3825

Thanks
Sat Nov 29, 2014 1:34 pm
Forum: PMP® Open Forum
Topic: Question on M&C Inputs in Integration Management
Replies: 2
Views: 1329

### Re: Question on M&C Inputs in Integration Management

hi Sruthi, What I understand so far , your last point is the valid reason : "Are they changes that have been validated and as part of integration you try to monitor them?" This is to monitor whether the validated changes have been properly incorporated/implements or not? If necessary , aga...
Wed Nov 26, 2014 11:44 am
Forum: PMP® Open Forum
Topic: 2 questions on time management
Replies: 7
Views: 4049

### Re: 2 questions on time management

hi,

Here is the explanation for both questions as in the attached pictures:
Hope this should be ok.

Thanks
Tue Nov 25, 2014 5:32 am
Forum: PMP® Open Forum
Topic: Help with this question
Replies: 3
Views: 1933

### Re: Help with this question

Welcome ....
Sat Nov 22, 2014 11:15 am
Forum: PMP® Open Forum
Topic: Help with this question
Replies: 3
Views: 1933

### Re: Help with this question

Option # A)\$80,000 Justification: Calculation for Actual Fee/Profit: Given figures , Target Cost = \$ 400,000 Target Profit = 15% i.e., 0.15* \$400,000 = \$ 60,000 Actual Cost = \$ 350,000 So , Savings amount due to Cost under run = \$ 400,000 - \$ 350,000 = \$ 50,000 Profit Sharing Ratio = 60:40 So, Selle...
Thu Nov 20, 2014 7:14 am
Forum: PMP® Open Forum
Topic: HR management Q
Replies: 8
Views: 3653

### Re: HR management Q

As per Rita's Book Page # 379 , it has been given more priority towards effective communication. Except Option # A) , others are more interactive , which would be helpful in acquiring the Project Resources. But simply handing over a copy of the Resource Histogram without any discussion with the Func...
Tue Nov 18, 2014 7:32 pm
Forum: PMP® Exam Lessons – Success Stories
Topic: Passed My PMP today
Replies: 5
Views: 2623

### Re: Passed My PMP today

Congrats once again Vinod !!!
Mon Nov 17, 2014 2:58 pm
Forum: PMP® Open Forum
Replies: 4
Views: 1970

I too agree with Narsimha. Nice examples and explanation as well.

Thanks
Wed Nov 12, 2014 8:11 am
Forum: PMP® Open Forum
Topic: Professional & social Responsibility
Replies: 3
Views: 1762

### Re: Professional & social Responsibility

I too agree with Saket's opinion.

A similar type of discussion is posted in the Linkedin forum. Please have a look at the following link:

Thanks.
Sun Nov 09, 2014 3:46 pm
Forum: PMP® Open Forum
Topic: Process inputs
Replies: 8
Views: 3848

### Re: Process inputs

I would also like to add here regarding this which I observed : Project Management Plan : INPUT to .... (a) MANAGEMENT PLANS (9 Nos.) viz., ......>(1) Scope (2) Schedule (3) Cost (4) Quality (5) Human Resource (6) Communication (7) Risk (8) Procurement (9) Stakeholder (b) CONTROL (8 Nos) viz., ........
Sat Nov 08, 2014 6:07 pm
Forum: PMP® Exam Lessons – Success Stories
Topic: Cleared PMP exam - 6 Nov 2014
Replies: 6
Views: 4088

### Re: Cleared PMP exam - 6 Nov 2014

Congrats to you !!!
Sat Nov 01, 2014 12:08 am
Forum: PMP® Exam Lessons – Success Stories
Topic: PMP certified :) - time for LL
Replies: 4
Views: 3038

### Re: PMP certified :) - time for LL

Congratulations to you !!!
Mon Oct 20, 2014 3:53 pm
Forum: PMP® Exam Lessons – Success Stories
Topic: Passed PMP exam on 19th Oct 2014
Replies: 4
Views: 2478

### Re: Passed PMP exam on 19th Oct 2014

Congratulations to you on achieving your PMP !!!
Mon Oct 13, 2014 3:58 am
Forum: PMP® Open Forum
Topic: Risk Management Question 3 of 10 Assessment
Replies: 2
Views: 1231

### Re: Risk Management Question 3 of 10 Assessment

Possible typo mistake.
Sat Oct 11, 2014 4:34 am
Forum: PMP® Open Forum
Topic: On Standard Deviations
Replies: 5
Views: 2725

### Re: On Standard Deviations

Option # D. You have 99 percent confidence that the project duration is between 585 days and 669 days. Explanation : For 99% confidence level , the project duration range is: (627 - 3*14) days and (627+3*14) days , i.e., 585 days and 669 days. Other Options are incorrect. So far to my knowledge , we...
Fri Oct 03, 2014 4:43 pm
Forum: PMP® Exam Lessons – Success Stories
Topic: PMP Exam Day
Replies: 8
Views: 4927

### Re: PMP Exam Day

Thanks Umesh for sharing your LL. Congratulations once again !!!
Fri Oct 03, 2014 3:31 am
Forum: PMP® Exam Lessons – Success Stories
Topic: cleared PMP exam today ...........
Replies: 10
Views: 4443

### Re: cleared PMP exam today ...........

Very nice LL as well .... Thanks for sharing.
Mon Sep 29, 2014 4:07 am
Forum: PMP® Exam Lessons – Success Stories
Topic: cleared PMP exam today ...........
Replies: 10
Views: 4443

### Re: cleared PMP exam today ...........

Congrats to you !!!
Thu Sep 25, 2014 5:26 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Cleared PMP Exam with 5 Proficient
Replies: 7
Views: 4611

### Re: Cleared PMP Exam with 5 Proficient

That's great !!! As per your set target you have accomplished !!! Congratulations to you on achieving your PMP !!!

Regards,
Ranjit
Sat Sep 20, 2014 6:18 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Passed PMP...time for some Lessons Learned
Replies: 7
Views: 4295

### Re: Passed PMP...time for some Lessons Learned

Congrats Arpit on achieving your PMP !!!

Regards,
Ranjit
Thu Sep 11, 2014 6:45 am
Forum: PMP® Open Forum
Topic: Project priority
Replies: 7
Views: 2567

### Re: Project priority

Thanks Parul for the explanation.
Thu Sep 11, 2014 3:57 am
Forum: PMP® Open Forum
Topic: Project priority
Replies: 7
Views: 2567

### Re: Project priority

With reference to Figure 2-7 , Page # 31 of PMBOK5 , Sponsor works as a bridge between different project teams under different project managers and the program manager. So, he/she has got the responsibility to assign the said team member to various projects at specified scheduled time period. Theref...
Wed Sep 10, 2014 7:10 am
Forum: PMP® Exam Lessons – Success Stories
Topic: Nikhil Agarwal is now Nikhil Agarwal, PMP
Replies: 7
Views: 3369

### Re: Nikhil Agarwal is now Nikhil Agarwal, PMP

Congrats & cheers on achieving your PMP !!!
Mon Sep 08, 2014 3:31 pm
Forum: PMP® Open Forum
Topic: PMP Lite Question
Replies: 4
Views: 2281

### Re: PMP Lite Question

Exactly!!! Thanks Umesh for the explanation.
Sun Sep 07, 2014 3:11 am
Forum: PMP® Open Forum
Topic: Lesson Learned are BEST completed by
Replies: 4
Views: 2192

### Re: Lesson Learned are BEST completed by

Based on the PMI Blog , I would like to go with the all the stakeholders i.e. Option # D
May refer the following link of PMI :
http://blogs.pmi.org/blog/voices_on_pro ... arned.html
Sun Sep 07, 2014 2:42 am
Forum: PMP® Open Forum
Topic: ROM
Replies: 2
Views: 1483

### Re: ROM

As per PMBOK5 , ROM is -25% to +75%
Sat Sep 06, 2014 12:53 pm
Forum: PMP® Open Forum
Topic: CPM Question
Replies: 11
Views: 5467

### Re: CPM Question

Your are most welcome Saket. We, PMP aspirants are really benefited out of the nice PMP Certification platform !!!
Fri Sep 05, 2014 4:49 pm
Forum: PMP® Open Forum
Topic: CPM Question
Replies: 11
Views: 5467

### Re: CPM Question

Here is the sketch :
Fri Sep 05, 2014 12:49 pm
Forum: PMP® Open Forum
Topic: CPM Question
Replies: 11
Views: 5467

### Re: CPM Question

This question is okey.

The Network paths are as follows:
Start-1-2-End > 3+4+3 = 10 months
Start-3-5-End > 2+5+4 = 11 months
Start-4-5-End > 7+1+4 = 12 months , which is the CRITICAL PATH
Fri Sep 05, 2014 12:40 pm
Forum: PMP® Open Forum
Topic: Stakeholder
Replies: 2
Views: 1635

### Re: Stakeholder

hi Arpit, So this question source is from Scordo Mock Exam 14 & Q-5. Okey , Option # B is the correct answer. Justification is that identifying other stakeholders and hence expanding the list to a comprehensive list of all project stakeholders, can be done by interviewing the already identified ...
Fri Sep 05, 2014 7:30 am
Forum: PMP® Open Forum
Topic: Procurement Question
Replies: 2
Views: 1511

### Re: Procurement Question

That's right. I would like to choose the Option # A. There is every possibility of the procurement statement of work being incomplete/deficient or ambiguous. This leads to the wrong estimates for the different parties involved.
Thanks