First Item = 68

Message ID = 68 Posted By = Adil Naseer
Standard deviation formula is : (P + 4M + O)/6 ; P=Pessimistic, M=Most likely, O = Optimistic



Message ID = 67 Posted By = ancora
is there a way to see the answers to these questions?



Message ID = 66 Posted By = mathan
standard deviations =(pessimistic duration-optimistic duration)/6 please confirm whether this formula is correct.if correct please give the explanation related with the formula



Message ID = 65 Posted By = Robert S
How do you calculate standard deviation? I know I saw it somewhere but it isn't in the PMBOK.



Message ID = 64 Posted By = Rakesh Jain
need guidance to clear PMP exam



Message ID = 63 Posted By = aadi2004
questions are too shorts and qick answers too..will it be the same at PMP exam. I HAD been told that it would be combinational of long situatioanl questions which was npot seen in 100 qeston practice test....Rajesh



Message ID = 62 Posted By = aadi2004
You are the project manager for Bright Idea inc. You have the activity list and you worked with the team to come up with several time estimates for each activit y. Now you want to diagram the activity dependancies. Which of the following you will choose? ADM techniques PDM techniques PDM or ADM techniques AON techniques .....In my opinion PDM/AON is the same technique...can u pl calrify on various option available to answer the question



Message ID = 61 Posted By = minell
really helpful site. thanks for developing this. For the 100 test exam, is there a way that we can see the answer to each of the question? It will be useful to know the correct answer



Message ID = 60 Posted By = nilanjoydas
How do you calculate PTA .If Target costs: $ 1,000,000 Fixed fee: $ 100,000 Benefit/cost sharing: 80% / 20% Price ceiling: $ 1,200,000



Message ID = 59 Posted By = gayatri
I selected 10 questions to answers, it gives me score and ends the exam after I finish 1st question.



Message ID = 58 Posted By = ajithn
Stel, There are two cases - 1. The trend of the variation continues. Then EAC = BAC/CPI. Second case, The trend of the variation does not continue : EAC = AC+ ETC. EV = 8000, AC = 10,000, ETC = 12,000. So EAC = 10,000 + 12,000 = 22,000.



Message ID = 57 Posted By = Stel
not possible to take a 100 q test the site hangs... how do you reset for this problem.....? Thanks SGT



Message ID = 56 Posted By = Stel
PLEASE REVIEW YOUR FOLLOWING QUESTION & ANSWER AND CORRECT IT AS ANSWER IS WRONG!!! You are the project manager for Bright Idea Technologies. You are executing software development project and the lead designer had an accident and go on emergency leave for 2 months. You were able to hire a consultant and get the work done while the designer was on leave and now he is back. You are going to present earned value details to senior management. The details you have are Actual cost = $10,000, CPI = 0.8, BAC = $20,000. What will be the EAC? A) $25,000 B) $20,000 C) $22,000 D) $24,000 Your Answer:A  Correct Answer:C...---> WRONG EAC=BAC/CPI = $20.000/0.8=$25.000 THANKS SGT



Message ID = 55 Posted By = adventurer
Re: Message ID = 52 Posted By = raorprak Correct Answer. Understnd the cultural difference.



Message ID = 54 Posted By = adventurer
Re: Message ID = 47 Posted By = Pallavi: Correct Answer. PTA = [{Ceiling Price - Target Price}/share ratio] + target cost PTA = [(160K-145K)/0.8] + 130K = 149K Net Profit = Ceiling Price - PTA = 11K



Message ID = 53 Posted By = jacob notob
cost management



Message ID = 52 Posted By = raorprak
I saw this question somwhere..Can someone please answer this question? When the project manager is dealing with a international team with cultural differences, what should the project manager do? 1. Accept the cultal difference 2.Understnd the cultural difference?



Message ID = 51 Posted By = SAthilkar
((Target Price - Actual Cost)/Seller's Share)+Target Profit = ((145K-150K)/0.8)+15K=11K. Answer is correct but, can someone confirm if the formula is correct.



Message ID = 50 Posted By = ush
For cost reimbursable contract, Point of Total Assumption (also referred to as break point) is calculated by the following formula: PTA = [{(Ceiling Price - (Target Cost+Fixed fee))/Benefit Sharing} + Target Cost]



Message ID = 49 Posted By = stefana
Point of Total Assumption (PTA) = ((Ceiling Price - Target Price)/Buyers Share)+ Total Cost PTA = ((160K - 145K)/.80)+ 130 PTA = 148.75 The seller charges the buyer the ceiling cost minus the PTA = 160 - 148.75 = 11.25 The seller bears all the loss of a cost overrun. Once the contract reaches PTA (which in this case it did, 150 > 148.75)then the ceiling amount is the highest amount the buyer will pay. Does anyone have a different way of doing this?



Message ID = 48 Posted By = kishorjadhav
In case of residual risks , the strategy is acceptance. Acceptance stragtegy can be passive or active. Passive acceptance strategy is let project team handle riks and oppourtunity as it comes Active acceptance strategy is to have contingency reserve to tackle "unkown known"



Message ID = 47 Posted By = Pallavi
A fixed-price-plus-incentive-fee (FPI) contract has a target cost of $130,000, a target profit of $15,000, a target price of $145,000, a ceiling price of $160,000, and a share ratio of 80/20. The actual cost of the project was $150,000. How much profit does the seller make? I don't know how the answer is $11,000. Can anyone help please?



Message ID = 46 Posted By = kothamahesh
if anybody has the PMP practice questions knowledge area wise? if it's could you please share it wiht me. Thanks in advance.. - Kumar



Message ID = 45 Posted By = raj patel
Guys, Can Any one tell me the Difference between PMP and CAPM Exam in terms of Preparation. As I am working on my CAPM Exam I am having confusion to what to go do. DO I only have to focus on PMBOK book or other as well? Thanks in advance.



Message ID = 44 Posted By = ajithn
Re:Message ID = 42 Posted By = kashifqasim --- You have to multiply the probabilities - 0.7*0.6 = 42%



Message ID = 43 Posted By = Padmavathi R
Could you please clarify this question? Benefit measurement methods and constrained optimization methods are also known as: 1.Decision models 2.Selection tools 3.Charter dependencies 4.Cost of Benefit I thought answer was 2, but, it says 1- decision models



Message ID = 42 Posted By = kashifqasim
You are working on a software development project and there is 60% probability that development will be completed by the planned date and 70% probability that testing will be completed by the planned date. What is the probability that development and testing will be completed as per schedule. -------------------------------------------------------------------------------- (1)65% (2)42% (3)66% (4)63% Query : just want to know how to calculate / anwere the above !



Message ID = 41 Posted By = kashifqasim
You are busy with assessing the probability and impact of the risks to the project objectives, assigning a risk score to each risk, and creating a list of prioritized risks.Which process are you working on? -------------------------------------------------------------------------------- Qualitative Risk Analysis Quantitaive Risk Analysis Risk Management Planning Risk Response Planning The correct answere given on the site is choice #3 but in my opinion the correct answere is choice #1 as per the defination from the PmBox : Please confirm Qualitative Risk Analysis assesses the priority of identified risks using their probability of occurring, the corresponding impact on project objectives if the risks do occur



Message ID = 40 Posted By = kashifqasim
A work authorization system is -------------------------------------------------------------------------------- The control mechanism used to track cost packages A variation of the work breakdown structure A formal procedure for sanctioning project work A policy and procedure that sets the days and hours for the project schedule In your test choice #1 was marked as correct but in my opinion choice #3 is correct according to the following taken from PMBOK ..... Please confirm : Work Authorization System [Tool]. A subsystem of the overall project management system. It is a collection of formal documented procedures that defines how project work will be authorized (committed) to ensure that the work is done by the identified organization, at the right time, and in the proper sequence. It includes the steps, documents, tracking system, and defined approval levels needed to issue work authorizations.



Message ID = 39 Posted By = sia
For the qustion Project Management processes are: the ansewr should be Concerned with describing and organizing the work of the project- PMBOK 3.1 - Project management processes do not, themselves, produce the product of the project. They may be sorted into core and facilitating processes.



Message ID = 38 Posted By = ajithn
Nitu, Probably this will help. It is from Wikipedia. Any FPIF contract specifies a target cost, a target profit, a target price, a ceiling price, and one or more share ratios. The PTA is the difference between the ceiling and target prices, divided by the buyer's portion of the share ratio for that price range, plus the target cost. PTA = ((Ceiling Price - Target Price)/buyer's Share Ratio) + Target Cost For example, assume: Target Cost: 2,000,000 Target Profit: 200,000 Target Price: 2,200,000 Ceiling Price: 2,450,000 Share Ratio: 80% buyer–20% seller for overruns, 50%–50% for underruns PTA = ((2,450,000 - 2,200,000)/ 0.80) + 2,000,000 = 2,312,500



Message ID = 37 Posted By = nitu
Hi Ajith, Not sure if you get to this questin 2 hrs(me appearing for real test) One of your questions listed: In a cost reimbursable contract, what is the PTA? Target Cost = USD 10,000 Ceiling Price = USD 15,000 Fixed Fee = USD 1,000 Benefit Sharing = 50/50 Could you please explain how you got to 12,000 answer.



Message ID = 36 Posted By = Padmavathi R
In addition to my previous message ID, I verified this in the PMBOK guide and this is what it says:The length of the arrow does not represents the expected duration of the activity.



Message ID = 35 Posted By = Padmavathi R
Ajith, there is a question: Which of the following statements is true regarding Arrow Digramming Method? and I thought the answer should be Schedule activities are represented by arrows, but, it says The length of the arrow represents the expected duration of the activity. Could you or someone please clarify this??



Message ID = 34 Posted By = Padmavathi R
Ajith, I had a doubt in this question: You are the project manager for Bright Idea inc. You have the activity list and you worked with the team to come up with several time estimates for each activity. Now you want to diagram the activity dependancies. Which of the following you will choose? The answer says ADM technique and I was thinking PDM or ADM techniques. Could you please clarify?



Message ID = 33 Posted By = ajithn
Padmavathi, I would suggest you to take as many tests as possible. Use this site as an aid to your preparation. Once you understand the concept well, take more tests from other sites like oliverlehmann.com. That site has a list of online tests as well. The maximum questions you cover especially the situational and tricky questions, the better for you.



Message ID = 32 Posted By = Padmavathi R
Ajith, I am reading thru' Rita's PMP exam prep book along with PMBOK guide and practice tests from your website. Please let me know if these would be enough to appear in PMP exam?



Message ID = 31 Posted By = ajithn
A critical path can have lag time as lag is the time required before a predecessor can start. For example if 10 days curing period is required for concrete and this is on the critical path, you can start the next activity on this path after 10 days only.



Message ID = 30 Posted By = stella
Will a Critical path has lag time?



Message ID = 29 Posted By =
1. remeber all formulas 2. Output of info distribution 3. Cconcepts of crashing,fastracking,resouces levelling. 4. diff pv nad epv 5. delegation questions. 6. find max float from the given diagram. 7. situational questions.



Message ID = 28 Posted By =
There are different formula for calculating EAC EAC = BAC / CPI & EAC = AC + (BAC - EV) / CPI or EAC = AC + (BAC - EV) When to use different formula?



Message ID = 27 Posted By = ajithn
I have created the yahoo group pmp_ajithn@yahoogroups.com for exchanging the information between members of this site. Please join the group



Message ID = 26 Posted By = ajithn
Stella, You are right about the Delphi technique. It was a mistake from my part and I have corrected that. For the question on Crashing, Risk Management is more of planning in advance for the risk event and acting on that when the trigger occurs. Here it is more of a staffing arrangement and the closest answer is Crashing.



Message ID = 25 Posted By = Stella
Hi Ajit, One of the question is You are managing a project where you have to deal with team members from different teams.Your observation is some of the team members from sales are agressive and their thoughts and decisions are majorly influencing the team decisions. You want to collect the information regarding the project risks and record them in risk register. Which of the following statement is true? I thought the answer is Delphi but your answer is Brainstorming. Please explain.



Message ID = 24 Posted By = Stella
For the question on Crashing. I thought Risk Management should be correct answer as we have used another resource to work on the task



Message ID = 23 Posted By = russh
Hi Ajit: I had added a few questions in January, and need to contact you about them. Please drop me an email (as I recall I used my e=mail to register). russh



Message ID = 22 Posted By = ajithn
For the question on Crashing, Here you are bringing in additional resource- The cost may increase or remain the same. This is the best answer as other choices - fast tracking,Risk Management and Resource Leveling are not related to the problem. For the other question, Your Schedule Baseline and Cost Baseline are changing and your Project Management Plan will change. You Scope Management Plan will NOT change.



Message ID = 21 Posted By =
List of projects



Message ID = 20 Posted By = mel_lee
Ajit, I can't recall the exact question. But there was one question on a project which needs to be completed on time. But the lead developer has to take emergency leave and another project mgr has agreed to loan his developer so that the project can be completed on time. The question was what method was used in this case. The answer was crashing. I thought crashing has to do with placing additional resources with possibility of cost increase. The question is implying additional but more of replacement. So how could this be crashing. Your thoughts?



Message ID = 19 Posted By = mel_lee
Hi Ajit, I have a question on this. You are working on a project to develop and implement a software system for a large bank. While you are progressing on this, the bank acquired another bank and the project sponsor informed you that you need to include the newly added branches and also implement the system for those branches. You looked at this request and negotiated 1 month extension to the project completion date. Which is the document that is NOT likely to be changed because of this? The answer is scope mgmt plan. Isn't scope mgmt plan a subsidiary of project mgmt plan. If so,should project mgmt plan need to change as well.



Message ID = 18 Posted By = ajithn
test_pmp, This is a case where you do not expect the variance to continue. Actual Cost is $10,000 and CPI is 0.8. The Earned Value is 10,000*0.8 = 8000. So ETC is BAC - EV which will be 12,000. So Your EAC will be AC + ETC = 10,000 + 12,000 = 22,000. Let me know if this clear. We can discuss if there is any question which need explanation.



Message ID = 17 Posted By = test_pmp
Hi Ajit, I was solving the following question.I did not understand how the answer could be C.22,000 I used the formula EAC=BAC/CPI with that answer is coming 25000.Please explain.It will be good if you can provide some explaination on the answers. ========================================================================= You are the project manager for Bright Idea Technologies. You are executing software development project and the lead designer had an accident and go on emergency leave for 2 months. You were able to hire a consultant and get the work done while the designer was on leave and now he is back. You are going to present earned value details to senior management. The details you have are Actual cost = $10,000, CPI = 0.8, BAC = $20,000. What will be the EAC? ------------------------------------------------------------------------------- $25,000 $20,000 $22,000 $24,000 ------------------------------------------------------------------------------- Your Answer:A Correct Answer:C



Message ID = 16 Posted By = ajithn
Amitg, You should have a good understanding of the topics in PMBOK. Books by Rita or Kim will be more interesting and will help you understand the topics better. On the average if you are getting 80-85% in sample tests from different sites or books you can go for the exam.



Message ID = 15 Posted By = amitg
And one more thing, how much I should get in practice exams to ensure that I am ready for the actual exam and clear the actual exam. Every one I know here, who have passed their exam on first attempt have used the Rita's PMFASTRACK V5 for practice and 90% similar questions has appeared in actual exam. Is Rita's PMFASTRACK is must required for prepration?



Message ID = 14 Posted By = amitg
Hi Ajithn, Thanks for your reply...Please guide some tips and tricks to clear the exam on first attempt.



Message ID = 13 Posted By = ajithn
Amitg, You can start reading Kim Heldman's book. It will give you a clear idea on the subject. Then you can read PMBOK and then take some practice exams from some of the free sites. If you don't have the contact hours then you need attend some formal trainings.



Message ID = 12 Posted By = ajithn
Russh, Thanks for sharing the questions. I will get it added to the question bank Ajith



Message ID = 11 Posted By = ajithn
The questions added by Russh are removed as per his request



Message ID = 10 Posted By = amitg
I want to start my prepration for PMP exam, but I am confused from where I should start, Can any one please guide me...what should I take first



Message ID = 9 Posted By = ajithn
Heinz, You are right.It is corrected. Thanks for catching it. Ajith



Message ID = 8 Posted By = Heinz
Which of the following is true regarding Risk Management Plan? A) Risk Management Plan will be updated when the trigger for a major risk occurs. B) Risk Management Plan is an output of Risk Management Planning process C) Risk Management Plan icludes budgeting,timing,risk categories and Definition of risk probability and impact D) Risk Management Planning is an input to all the remaining Risk Planning processes Correct Answer:A ? I think the should be Which of the following is NOT true...



Message ID = 7 Posted By = SriRam
Ajit Very Well done,



Message ID = 6 Posted By = rflopsy
Useful website. Need an explanation for the Correct Answers



Message ID = 5 Posted By = ganesan_rs
GREAT EXAM PRACTICE HELP AJITH. KEEP IT UP.



Message ID = 4 Posted By = sumankunja
When one sees the risk and tried to reduce the scope, there is still risk involved. I don't think anyone can say that risk has been avoided, rather it should be risk has been mitigated. All the questions I have seen tends me to put the answer as risk avoidance, but I am really not sure if it is avoidance or the mitigation.



Message ID = 3 Posted By =
Dear ajithn I found you website quite helpful. Maybe a remark for future questions should be that a major number of prep questions I found are more along the CAPM-question style, like "Which is an output of Process XYZ?" The PMP exam focusses more on application of knowledge than on memorizing the PMBOK Guide. Good luck to you! Oliver F. Lehmann, PMP www.oliverlehmann.com



Message ID = 2 Posted By = ajithn
Answer is D. Project Variance Analysis is not there as an output for information distribution as per PMBOK section 10.2.3



Message ID = 1 Posted By = anand
Which of the following is not an output of Information Distribution? A. Project records. B. Project reports. C. Project presentations. D. Project variance analysis.