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ATUL1405
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practice

Postby ATUL1405 Sat Oct 17, 2015 1:01 pm

David is a Project Manager for Construction Company. He has been asked to help choose one of the four potential real estate projects. The management used internal rate of return technique for project selection. Which of the following projects should David recommend to the management?



Project A requires making an initial investment of $100,000 and will give monthly return of $5,000.



Project B requires making an initial investment of $200,000 and will give monthly return of $8,000.



Project C requires making an initial investment of $100,000 and will give annual return of $40,000.



Project D requires making an initial investment of $200,000 and will give annual return of $60,000

how to calculate it easy and fast ? ?
manishpn
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Re: practice

Postby manishpn Sat Oct 17, 2015 2:19 pm

whatever math is needed has to be done, if you know concepts it will be easy anyways as you will be provided with calculator in exam

refer to link below

viewtopic.php?f=3&t=2055&p=7687&hilit=David+is+a+Project+Manager+for+Construction+Company#p7687
Br,
Manish P
PMP, PMI - ACP, SAFe Agilist
http://www.izenbridge.com/blog/7-effect ... ification/
ATUL1405
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Re: practice

Postby ATUL1405 Sat Oct 17, 2015 4:12 pm

Jay is managing a project which is planned to be taking effort of 1200 hours and will cost $150 per hour. When the project is completed, it had taken 1400 hours of efforts with the cost of $200 per hour. Calculate CPI and SPI.



CPI = 1 and SPI =1


CPI = 0.642 and SPI = 1


CPI = 0.723 and SPI = 0.742


CPI = 0.9 and SPI = 0.7

Plz help , explain why EV= PV ?
vivek3377
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Re: practice

Postby vivek3377 Sat Oct 17, 2015 5:23 pm

@Atul,
At the end of the project, all the planned value will be earned. What it means is that all the work which was planned to be completed, is completed. At what cost it was completed is different matter. For e.g., if you have planned to build a house, and if you have originally planned to spend $100K to build the house, at the end of the project you have earned $100K because your house is complete. So your SPI is always 1 at the end of the project. But if you have actually spent $120K for it, then you overran your budget because you spent $20K more than what you had planned.
Hope this helps.
ATUL1405
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Re: practice

Postby ATUL1405 Sun Oct 18, 2015 2:48 pm

thanks
diptimunjal85
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Re: practice

Postby diptimunjal85 Fri Oct 23, 2015 6:31 am

Hi Vivek,

As you mentioned above EV=PV at the end of the project. Hence, SPI=1 and which is clear to me.

However, I have doubt on CPI part, if we will take CPI case where CPI= EV/AC (150/200) will give CPI as 0.75 which is not matching with any of the above options.

Hence, just wanted to know for CPI part whether my understanding is correct or not?

Thanks in Advance!
ujjal_show
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Re: practice

Postby ujjal_show Fri Oct 23, 2015 7:54 am

diptimunjal85 wrote:Hi Vivek,

As you mentioned above EV=PV at the end of the project. Hence, SPI=1 and which is clear to me.

However, I have doubt on CPI part, if we will take CPI case where CPI= EV/AC (150/200) will give CPI as 0.75 which is not matching with any of the above options.

Hence, just wanted to know for CPI part whether my understanding is correct or not?

Thanks in Advance!


CPI = 1200*150 / 1400*200 = 180000/280000 = 0.642
vivek3377
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Re: practice

Postby vivek3377 Fri Oct 23, 2015 4:00 pm

Hi Ujjwal,
CPI = EV/AC But NOT (150/200).. it will be [(1200*150)/(14000*200)]. So your understanding is correct.
diptimunjal85
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Re: practice

Postby diptimunjal85 Tue Oct 27, 2015 8:30 am

Thanks for the reply!

To calculate CPI why we are considering schedule.

Also. to calculate SPI= 1200/1200 as EV=PV? Is it correct or do we need to consider cost in the SPI as well.
Mahfuz
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Re: practice

Postby Mahfuz Tue Oct 27, 2015 2:27 pm

Dipti- I believe Ujjal really explained it all for your 2nd Q . Ujjal did not leave any room to elaborate any further
To Answer your 1st Question- Think about 6 constraints( Please find them ). Changing one will have an/ multiple impact with other constraints in while project is in execution. also, think of TRIPLE constraint.

Please refer back to Integration chapter for your clear understanding. I would say read more than twice to have a clear understanding of Integration, change and impact of changes. Saket has few videos that might assist you immensely to clear your basic understanding.
Kind regards,
Mahfuz Rahman ,PMP
diptimunjal85
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Query

Postby diptimunjal85 Wed Dec 16, 2015 11:59 am

Hi,

Can any one tell me what is the difference between OPM, Project governance and Organization governance?

Regards,
Dipti
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Query

Postby diptimunjal85 Wed Dec 16, 2015 12:14 pm

A project Manager is trying to complete a software development project, but cannot get enough attention for the project. Resources are focused on completing process related work, and the project manager has little authority to assign resources. What form of organization must be project Manager be working in?

1)Functional

2)Matrix

3)Expeditor

4) Coordinator

Correct answer is Functional . However, as per me it should be Matrix as in Weak matrix PM has little or no authority.

Can you please elaborate it?
ujjal_show
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Re: Query

Postby ujjal_show Wed Dec 16, 2015 12:18 pm

diptimunjal85 wrote:Hi,

Can any one tell me what is the difference between OPM, Project governance and Organization governance?

please use a different threat for the same in future.

this has been discussed many time in this forum.
viewtopic.php?f=11&t=712&p=2166
viewtopic.php?f=3&t=2558&p=9288&hilit=opm#p9288
diptimunjal85
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Re: practice

Postby diptimunjal85 Wed Dec 16, 2015 12:34 pm

viewtopic.php?f=11&t=712&p=2166
viewtopic.php?f=3&t=2558&p=9288&hilit=opm#p9288

I am not able to view the above link as I am getting error like "You are not authorized to view this link".
ujjal_show
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Re: practice

Postby ujjal_show Wed Dec 16, 2015 4:39 pm

diptimunjal85 wrote:viewtopic.php?f=11&t=712&p=2166
viewtopic.php?f=3&t=2558&p=9288&hilit=opm#p9288

I am not able to view the above link as I am getting error like "You are not authorized to view this link".


Top

Re: Project governance and organizational governance

Postby saket » Mon May 19, 2014 5:34 pm
Project Governance looks at project level issues while organization governance will look at organization,.

PMBOK Glossary

Project Governance. The alignment of project objectives with the strategy of the larger organization by the
project sponsor and project team. A project’s governance is defined by and is required to fit within the larger
context of the program or organization sponsoring it, but is separate from organizational governance.

PMBOK Page 14

Organizations use governance to establish strategic direction and performance parameters. The strategic
direction provides the purpose, expectations, goals, and actions necessary to guide business pursuit and is aligned
with business objectives.
ujjal_show
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Re: practice

Postby ujjal_show Wed Dec 16, 2015 4:41 pm

Re: Difference between OPM, Portfolio, project goverance

Postby jyotimayank » Tue Jul 14, 2015 6:15 pm
Hi Jyoti
PMO-The Project Management Office (PMO) is the department or group that defines and maintains the standards and processes related to project management within an organisation.
OPM is a strategy execution framework utilizing project, program, and portfolio management
as well as organizational enabling practices to consistently and predictably deliver organizational strategy producing
better performance, better results, and a sustainable competitive advantage
Portfolio Management focuses on the management of a collection of projects and programs. These may be related based on organizational funding, by the organization which works on the projects/programs, or other factors. Portfolio Management focuses on the evaluation, scoping, prioritization, capacity planning, financial management and reporting of its affiliated projects/programs.

Program Management is the management of multiple interrelated projects. Project Management focuses on a specific, single project.

Jyoti Gupta
PMP Mentor & Coach
iZenbridge Consultancy Pvt Ltd
diptimunjal85
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Re: practice

Postby diptimunjal85 Fri Dec 18, 2015 3:27 pm

A project Manager is trying to complete a software development project, but cannot get enough attention for the project. Resources are focused on completing process related work, and the project manager has little authority to assign resources. What form of organization must be project Manager be working in?

1)Functional

2)Matrix

3)Expeditor

4) Coordinator

Correct answer is Functional . However, as per me it should be Matrix as in Weak matrix PM has little or no authority.

Can someone help me with his query?
diptimunjal85
Posts: 7
Joined: Wed Oct 21, 2015 1:39 pm

Re: practice

Postby diptimunjal85 Thu Jan 07, 2016 12:04 pm

A project manager has just taken over the project from another project manager during the project executing. The previous project manager created a project budget, determined communications requirement and went on to complete work packages. What should the new project manager do NEXT?
A.Coordinate completion of work packages
B.Identify quality standards
C.Begin the identify risks process
D.Execute the project management plan.

As per me, the answer should be the Coordinate completion of work packages. However, the answer is Identify quality standards. Can someone please help me on this?
skmpmp_2015
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Re: practice

Postby skmpmp_2015 Thu Jan 07, 2016 2:00 pm

planning is the only process group with a set order.reference-RITA
SO if u see the process group and knowledge area mapping(PMBOK page-61), proceed with planning group in sequence , ur answer should be quality policy.

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