Here is a great opportunity for PMP candidates.. Project Management Prepcast is a podcast which helps PMP students to sit for the PMP exam with required knowledge and so much confidence .
This podcast has 77 episodes which you can listen to via your iPod/MP3 Player and it consists of 30 hours of training on the PMBOK® Guide and other relevant material.
So I would give my blog readers an amazing opportunity to get all these free. ( How’s that !!!!!!!!!!!!!!
:-))))
Its easy ….All you have to do is.. answer the following questions. The first person who answers all the questions right will get a free subscription to this PM podcast which has study material for PMP exam.
The contest is valid till 2 months starting from today. If no candidate could answer all the questions right.. the person who has the maximum right answers will win the contest !
Please use “comments” feature to answer the questions and you need to specify your name and a valid email address with your answers.
Here we go…
Q1. Whats the PMI definition of a “Project”
Q2. If the Optimistic estimate for a task is 6 days and pessimistic is 9 days, Whats the most likely estimate?
Q3. If the Optimistic estimate for a task is 6 days and pessimistic is 9 days, Whats the Standard Deviation of this task?
Q4. In the weekly status update meeting, your Project Manager says Project SV is – 500 What does that mean ?
Q5. Your Project status update records shows CV = - 500. What does that mean ?
Q6. Your Project BAC = 500 USD. Currently AC = 200USD. How much Balance you have in hand for this project to be completed.
Q7. Your current Project Earned Value is 350. Actual cost is 400. Planned value is 350. Whats the CV ?
Q8. If a project team consists of 5 stakeholders , how many communication channels do you need to manage in this project. ?
Q9. What is " Triple Constraints" in Project Management ?
Q10. What’s the Objective of issuing the “Project Charter”
Q 11. Project X has 4 critical paths.. if you are the Project manager of Project X , What is your idea about the project risk ?
O = 5 days, P = 7 days, M = 6 days. Whats the Standard deviation of this task ?
If you are the Lucky winner .. See what you get.. Can you ask for more... ????
| # | Number | Episode Title |
| -- | 00.00 | Welcome |
| 1 | 01.01 | PMP Exam Overview |
| 2 | 01.02 | PMP Study Tips |
| 3 | 01.03 | The day of the exam |
| 4 | 01.04 | Introduction to Project Management |
| 5 | 01.05 | The PM Processes |
| 6 | 01.06 | The Project Life Cycle |
| 7 | 01.07 | The Role of the Project Manager |
| 8 | 01.08 | Overview of the Knowledge Areas |
| 9 | 01.09 | Code of Ethics & Professional Conduct |
| 10 | 02.01 | Interview with Arlene Trimble |
| 11 | 02.02 | Interview with Duncan McIntyre |
| 12 | 03.01 | Q&A 1 |
| 13 | 03.02 | Q&A 2 |
| 14 | 04.00 | Project Management Integration Overview |
| 15 | 04.01 | Develop Project Charter |
| 16 | 04.02 | Develop Preliminary Project Scope Statement |
| 17 | 04.03 | Develop Project Management Plan |
| 18 | 04.04 | Direct and Manage Project Execution |
| 19 | 04.05 | Monitor and Control Project Work |
| 20 | 04.06 | Integrated Change Control |
| 21 | 04.07 | Close Project |
| 22 | 05.00 | Project Scope Management Overview |
| 23 | 05.01 | Scope Planning |
| 24 | 05.02 | Scope Definition |
| 25 | 05.03 | Create WBS |
| 26 | 05.04 | Scope Verification |
| 27 | 05.05 | Scope Control |
| 28 | 06.00 | Project Time Management Overview |
| 29 | 06.01 | Activity Definition |
| 30 | 06.02 | Activity Sequencing |
| 31 | 06.03 | Activity Resources Estimating |
| 32 | 06.04 | Activity Duration Estimating |
| 33 | 06.05 | Schedule Development 1 |
| 34 | 06.06 | Schedule Development 2 |
| 35 | 06.07 | Schedule Control |
| 36 | 07.00 | Project Cost Management Overview |
| 37 | 07.01 | Cost Estimating Inputs |
| 38 | 07.02 | Cost Estimating Tools and Techniques |
| 39 | 07.03 | Cost Estimating Outputs |
| 40 | 07.04 | Cost Budgeting |
| 41 | 07.05 | Cost Control |
| 42 | 07.06 | Earned Value |
| 43 | 07.07 | A Bagful of Cost Terms |
| 44 | 08.00 | Project Quality Management Overview |
| 45 | 08.01 | Quality Planning |
| 46 | 08.02 | Perform Quality Assurance |
| 47 | 08.03 | Perform Quality Control Inputs and Outputs |
| 48 | 08.04 | Perform Quality Control Tools and Techniques |
| 49 | 09.00 | Project Human Resources Management Overview |
| 50 | 09.01 | Human Resource Planning Inputs |
| 51 | 09.02 | Human Resource Planning Tools and Techniques |
| 52 | 09.03 | Human Resource Planning Outputs |
| 53 | 09.04 | Acquire Project Team |
| 54 | 09.05 | Develop Project Team |
| 55 | 09.06 | Manage Project Team |
| 56 | 09.07 | HR Theory 1 |
| 57 | 09.08 | HR Theory 2 |
| 58 | 10.00 | Project Communications Management Overview |
| 59 | 10.01 | Communications Planning |
| 60 | 10.02 | Information Distribution |
| 61 | 10.03 | Performance Reporting |
| 62 | 10.04 | Manage Stakeholders |
| 63 | 11.00 | Project Risk Management Overview |
| 64 | 11.01 | Risk Management Planning |
| 65 | 11.02 | Risk Identification |
| 66 | 11.03 | Qualitative Risk Analysis |
| 67 | 11.04 | Quantitative Risk Analysis |
| 68 | 11.05 | Risk Response Planning |
| 69 | 11.06 | Risk Monitoring and Control |
| 70 | 12.00 | Project Procurement Management Overview |
| 71 | 12.01 | Plan Purchases and Acquisitions Inputs |
| 72 | 12.02 | Plan Purchases and Acquisitions Tools, Techniques and Outputs |
| 73 | 12.03 | Plan Contracting |
| 74 | 12.04 | Request Seller Responses |
| 75 | 12.05 | Select Sellers |
| 76 | 12.06 | Contract Administration |
| 77 | 12.07 | Contract Closure |
| -- | 99.00 | Take our Final Exam |
| -- | 99.99 | Goodbye |
Very Easy Questions.. All the best !!
14 comments:
Hi Thushara,
I have to say that you have quite an impressive PM Blog. Would be interested in publishing some of your articles on PM Hut (http://www.pmhut.com)? In case you're interested, please email me back at info at the domain name pmhut.com or just use the "Contact Us" form on the pmhut website and we'll take it from there.
Sorry to contact you through the comments but I found no other way to do it.
Thanks!
Ans 1. A Project is a temporary endeavor undertaken to create a unique product, service, or result.
Ans 2. The most likely duration depend upon the probablistic distribution you select. If it is uniform then there is no most likely distribution.
Ans 3. The Standard devition is 0.5.
Ans 4. SV= -500 dollar means you have done 500 dollar worth of work less than the schedule.
Ans 5. cv= -500 dollar means you have spend 500 dollar more than what was expected.
Ans 6. The balance in hand is 300 usd. i:e 500 - 200.
Ans 7. The CV is Ev- AC= 350 - 400 = -50USD.
Ans 8. I would prefer to use face to face communication channel. But if it is not feasible, then I will use telephone, email, fax, letters.
Ans 9. Triple constrait - A framework for evaluating competing demand. The triple constraint is often depicted as a triangle where one of the sides or one of the corners represent one of the parameters being managed by the project team.
Ans 10. The objective of the Project charter is to formally authorize a project. It provides a PM with a authority to apply organisational resources to project activities.
Ans 11. Since there are 4 critical path, the project risk is if any activty in any of the critical path get delayed, then Project will get delayed.
Ans 12. The standard deviation of this task is 2/3=0.66.
Ans 13. The common cause of conflict Communication, quality and time. This is my conviction. But for some it is time, money and resource.
Ans 14. When SPI = .58, it means that my Project performance is just 58%. I am behind schedule.
And 15. Decomposition of Project deliverables into smaller and more manageable component are called work package.
Ans 1. A Project is a temporary endeavor undertaken to create a unique product, service, or result.
Ans 2. The most likely duration depend upon the probablistic distribution you select. If it is uniform then there is no most likely distribution.
Ans 3. The Standard devition is 0.5.
Ans 4. SV= -500 dollar means you have done 500 dollar worth of work less than the schedule.
Ans 5. cv= -500 dollar means you have spend 500 dollar more than what was expected.
Ans 6. The balance in hand is 300 usd. i:e 500 - 200.
Ans 7. The CV is Ev- AC= 350 - 400 = -50USD.
Ans 8. I would prefer to use face to face communication channel. But if it is not feasible, then I will use telephone, email, fax, letters.
Ans 9. Triple constrait - A framework for evaluating competing demand. The triple constraint is often depicted as a triangle where one of the sides or one of the corners represent one of the parameters being managed by the project team.
Ans 10. The objective of the Project charter is to formally authorize a project. It provides a PM with a authority to apply organisational resources to project activities.
Ans 11. Since there are 4 critical path, the project risk is if any activty in any of the critical path get delayed, then Project will get delayed.
Ans 12. The standard deviation of this task is 2/3=0.66.
Ans 13. The common cause of conflict Communication, quality and time. This is my conviction. But for some it is time, money and resource.
Ans 14. When SPI = .58, it means that my Project performance is just 58%. I am behind schedule.
And 15. Decomposition of Project deliverables into smaller and more manageable component are called work package.
Ans 1. A Project is a temporary endeavor undertaken to create a unique product, service, or result.
Ans 2. The most likely duration depend upon the probablistic distribution you select. If it is uniform then there is no most likely distribution.
Ans 3. The Standard devition is 0.5.
Ans 4. SV= -500 dollar means you have done 500 dollar worth of work less than the schedule.
Ans 5. cv= -500 dollar means you have spend 500 dollar more than what was expected.
Ans 6. The balance in hand is 300 usd. i:e 500 - 200.
Ans 7. The CV is Ev- AC= 350 - 400 = -50USD.
Ans 8. I would prefer to use face to face communication channel. But if it is not feasible, then I will use telephone, email, fax, letters.
Ans 9. Triple constrait - A framework for evaluating competing demand. The triple constraint is often depicted as a triangle where one of the sides or one of the corners represent one of the parameters being managed by the project team.
Ans 10. The objective of the Project charter is to formally authorize a project. It provides a PM with a authority to apply organisational resources to project activities.
Ans 11. Since there are 4 critical path, the project risk is if any activty in any of the critical path get delayed, then Project will get delayed.
Ans 12. The standard deviation of this task is 2/3=0.66.
Ans 13. The common cause of conflict Communication, quality and time. This is my conviction. But for some it is time, money and resource.
Ans 14. When SPI = .58, it means that my Project performance is just 58%. I am behind schedule.
And 15. Decomposition of Project deliverables into smaller and more manageable component are called work package.
Name: Walstan Dsouza
Email:walstands@gmail.com
Ans 1. A Project is a temporary endeavor undertaken to create a unique product, service, or result.
Ans 2. The most likely duration depend upon the probablistic distribution you select. If it is uniform then there is no most likely distribution.
Ans 3. The Standard devition is 0.5.
Ans 4. SV= -500 dollar means you have done 500 dollar worth of work less than the schedule.
Ans 5. cv= -500 dollar means you have spend 500 dollar more than what was expected.
Ans 6. The balance in hand is 300 usd. i:e 500 - 200.
Ans 7. The CV is Ev- AC= 350 - 400 = -50USD.
Ans 8. I would prefer to use face to face communication channel. But if it is not feasible, then I will use telephone, email, fax, letters.
Ans 9. Triple constrait - A framework for evaluating competing demand. The triple constraint is often depicted as a triangle where one of the sides or one of the corners represent one of the parameters being managed by the project team.
Ans 10. The objective of the Project charter is to formally authorize a project. It provides a PM with a authority to apply organisational resources to project activities.
Ans 11. Since there are 4 critical path, the project risk is if any activty in any of the critical path get delayed, then Project will get delayed.
Ans 12. The standard deviation of this task is 2/3=0.66.
Ans 13. The common cause of conflict Communication, quality and time. This is my conviction. But for some it is time, money and resource.
Ans 14. When SPI = .58, it means that my Project performance is just 58%. I am behind schedule.
And 15. Decomposition of Project deliverables into smaller and more manageable component are called work package.
Name: Walstan Dsouza
Email:walstands@gmail.com
Ans 1. A Project is a temporary endeavor undertaken to create a unique product, service, or result.
Ans 2. The most likely duration depend upon the probablistic distribution you select. If it is uniform then there is no most likely distribution.
Ans 3. The Standard devition is 0.5.
Ans 4. SV= -500 dollar means you have done 500 dollar worth of work less than the schedule.
Ans 5. cv= -500 dollar means you have spend 500 dollar more than what was expected.
Ans 6. The balance in hand is 300 usd. i:e 500 - 200.
Ans 7. The CV is Ev- AC= 350 - 400 = -50USD.
Ans 8. I would prefer to use face to face communication channel. But if it is not feasible, then I will use telephone, email, fax, letters.
Ans 9. Triple constrait - A framework for evaluating competing demand. The triple constraint is often depicted as a triangle where one of the sides or one of the corners represent one of the parameters being managed by the project team.
Ans 10. The objective of the Project charter is to formally authorize a project. It provides a PM with a authority to apply organisational resources to project activities.
Ans 11. Since there are 4 critical path, the project risk is if any activty in any of the critical path get delayed, then Project will get delayed.
Ans 12. The standard deviation of this task is 2/3=0.66.
Ans 13. The common cause of conflict Communication, quality and time. This is my conviction. But for some it is time, money and resource.
Ans 14. When SPI = .58, it means that my Project performance is just 58%. I am behind schedule.
And 15. Decomposition of Project deliverables into smaller and more manageable component are called work package.
Name: Walstan Dsouza India
email:walstands@gmail.com
Ans 1. A Project is a temporary endeavor undertaken to create a unique product, service, or result.
Ans 2. The most likely duration depend upon the probablistic distribution you select. If it is uniform then there is no most likely distribution.
Ans 3. The Standard devition is 0.5.
Ans 4. SV= -500 dollar means you have done 500 dollar worth of work less than the schedule.
Ans 5. cv= -500 dollar means you have spend 500 dollar more than what was expected.
Ans 6. The balance in hand is 300 usd. i:e 500 - 200.
Ans 7. The CV is Ev- AC= 350 - 400 = -50USD.
Ans 8. I would prefer to use face to face communication channel. But if it is not feasible, then I will use telephone, email, fax, letters.
Ans 9. Triple constrait - A framework for evaluating competing demand. The triple constraint is often depicted as a triangle where one of the sides or one of the corners represent one of the parameters being managed by the project team.
Ans 10. The objective of the Project charter is to formally authorize a project. It provides a PM with a authority to apply organisational resources to project activities.
Ans 11. Since there are 4 critical path, the project risk is if any activty in any of the critical path get delayed, then Project will get delayed.
Ans 12. The standard deviation of this task is 2/3=0.66.
Ans 13. The common cause of conflict Communication, quality and time. This is my conviction. But for some it is time, money and resource.
Ans 14. When SPI = .58, it means that my Project performance is just 58%. I am behind schedule.
And 15. Decomposition of Project deliverables into smaller and more manageable component are called work package.
1. A project is a temporary endeavor undertaken to create a unique product, service or result.
2. M=7.5 Days
3. SD=0.5
4. SV = BCWP - BCWS = EV-PV = -500
It means present value (PV) is greater than earned value (EV), therefore we have some error in budget cost of work schedule or spending plan, Negative is a behind schedule and we have to revise our spending plan.
5. CV = BCWP - BCWS = EV-AC = -500
It means actual cost (AC) is greater than earned value (EV), therefore the project has loss.
6. BAC - AC = 500 - 200 = 300 (it seems some data (earned value) is missed)
7. CV = EV - PV = 350 - 350 = 0
It means we are exactly according to schedule.
8. n(n-1)/2=10
9. Scope, Cost, Time, Quality
10. formally authorizes the project
11. Project X has a lot of risk and is high risky.
12. SD=(P-O)/6=1/3
13. Sources of conflict include scarce resources, scheduling priorities and personal work style.
14. SPI=EV/PV=0.58 then PV>EV
It means we are (only) progressing at 58 percent of the rate originally planned.
15. WBS breaks the project into smaller and more manageable pieces; this is a top down effort to decompose the work into smaller pieces called work packages.
1. Temporary, providing unique product/service and progressively elaborating is the definition of project
2. Most likely is 7.5
3. Std Dev is 0.5
4. You had executed 500$ less value compared to the value of the planned work
5. You have spent 500 $ more for the actual work executed.
6. 300 USD
7. -50
8. 10 channels
9. Scope, Schedule and Cost with all of them also impacting the quality
10. Authorising the PM to use and apply the organisation resource to get the work done
11. High risk project since more the number of critical paths more will be the risk of not meeting the schedule
12.0.33333 is the Std Dev
13. Resources, Schedule and Priorities are the three most common causes of conflicts
14. Not progressing well i.e.compared to the planned value project has actually executed only 0.58 of the work
15. Work Package is the decomposition level of scope between WBS and Activities. It is the lowest level in which cost and time can be better estimated
Hi Thushara,
Im interested in buying those PM Prepcasts, however I am not too sure about using "podcatcher software" for that. I wonder whether I can obtain MP3s of this in Sri Lanka ?
Thanks,
/Nuwan
Hi again Thushara,
If you hsave any information about obtaining Prepcasts in MP3 format , pls drop me a mail
at lk_crab@yahoo.com
Thanks
/Nuwan
For more information about the PMP exam, including links to sample questions and mock exams, as well as impact of introduction of 4th edition of PMBOK guide on the PMP exam, you may visit the following link:
http://wannabeapmp.blogspot.com
maen adileh
abuadileh@hotmail.com
ans1: A Project is a temporary endeavor undertaken to create a unique product, service, or result.
ans2: 8
ansa3:0.5
ans4: SV=-500, 500 us less than shcedual
ans5: cv= -500 dollar means you have spend 500 dollar more than what was expected.
ans6: 300
ans7: -50
ans8: 1
ans9: Triple constrait: A framework for evaluating competing demand. The triple constraint is often depicted as a triangle where one of the sides or one of the corners represent one of the parameters being managed by the project team.
ans10:The objective of the Project charter is to formally authorize a project. It provides a PM with a authority to apply organisational resources to project activities.
ans11: high resk project specaily in time maner i.e time risk of its tasks, ill look and consiedre the study of time more and more.
ans12: 0.66
ans13: Communication, quality and time
ans14: my Project performance is just 58%. I am behind schedule.
ans15: Decomposition of Project deliverables into smaller and more manageable component
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