Project Management

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Cornelius Fichtner help you with your PMP Exam Prep (https://www.project-management-prepcast.com) as well as earn free PDUs (www.pm-podcast.com/pdu). Passing the PMP Exam is tough, but keeping your PMP Certification alive is just as challenging. Preparing for the exam requires an in-depth study of the PMBOK Guide and dedicated study discipline. And once you are PMP certified, then you are required to earn 60 Professional Development Units (PDUs) every 3 years to keep your certification alive. Let me help you make this journey easier with tips and tricks on how to prepare for and pass the exam as well as efficiently earning your PDUs once you are certified.

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Episode 549: How to Bring Clarity to Chaotic Projects

Episode 548: From Project Delivery to Value: How Project Managers Create Real Business Impact

Episode 546: The Real Reason Project Requirements Keep Changing

Episode 544: The Four Pillars of Project Success

Episode 543: Catch Project Trouble Early and Protect Your Delivery

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Free PMP Exam Sample Question

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The following PMP® exam sample question is taken from http://www.free-pm-exam-questions.com - The answer is at the bottom:


 

On Friday March 25, 2011 we will be launching a new PMP Exam Simulator at http://www.pm-exam-simulator.com. You can receive 20% discount if you sign up to our launch newsletter


PMBOK Section: Plan Communications
Process Group: Planning Process Group
Question Type: Calculation
Knowledge Area: Communications Management
DifficultyLevel:Hard

Question: "You are managing a telecom project. You have got two teams reporting to you. One team is responsible for equipment installation and the other team is responsible to commission and test that equipment. Both teams are working in parallel such that as soon as the installation teams finishes equipment installation at one site they move on to another site for installations and the commissioning and testing team start their activities on the newly installed site. The reporting structure is such that each of the teams have 5 engineers headed by a team lead. Each team member interacts with each other, however only the team leads interact with you. Both the team leads also interact with each other to synchronize their operations.


How many communication channels do you have in your project?"

A. 33

B. 23

C. 42

D. 78
 

Hint:

Calculate communication channels for each team and add them together
Reference: PMBOK4 pg:253
Explanation: This was a hard question, wasn't it? Lets analyze the scenario to calculate the answer. Here we have two independent teams. Each team has 6 members, i.e., 5 engineers and one team lead. Each team member is interacting with each other, so communication channels for each team are (6)(6-1)/2=15. Both the team leads are communicating with you so there are two communication channels for this interaction. Further since both the team leads are interacting with each other there is an another communication channel between them. Hence the total communication channels in your project is 15+15+2+1=33.


All our free questions are updated to the latest PMBOK® Guide standard. Stop by at http://www.free-pm-exam-questions.com to receive the questions via email. We are a PMI Registered Education Provider.



Choice A is the only correct answer to this question.

Posted on: March 19, 2011 04:16 AM | Permalink | Comments (0)

PMP Exam Tip: What is the difference between Workaround and Contingency Plan?

Categories: PMP Exam Tip

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Although many people use the terms “contingency plan” interchangeably with “workaround”, they are not the same. The difference between the two terms is related to whether the problems being handled were identified ahead of time or not. Contingency plans are made based on potential risks that are identified that could derail a project. Workarounds are responses to problems that develop while the project is being worked that were never identified.

When a project plan is first put together, potential risks are identified that could pose a significant threat to the project if they occur. Contingency plans are developed around those possible issues and they are completed before the threat takes place. These contingency plans should address the objective of the plan, the criteria for activating the contingency plan, the people and responsibilities involved, and the additional details required for implementation.


Here is an example of a contingency plan. A company that produces skis has a project to stock its retail stores with the latest models for the winter season. While the project was being planned, a risk was identified regarding a potential strike. The project continued, but a contingency plan was developed in case the strike lasted longer than anticipated. In the case that the strike was not over by a pre-identified date, the company decided to reassign the work that was to be done by the factory on strike to alternative factories.  Potential costs were reviewed and it was determined that this contingency plan would be beneficial.

A workaround is not a planned response because the problems being addressed were not anticipated ahead of time.  Per the name, a “workaround” let’s you “work around” the problem. As soon as it is determined that there is an unanticipated problem, it needs to be addressed, researched and incorporated into the documentation of the project plan.

A corrective action must be taken occasionally to make sure the project stays in line with the projected results.  Examples of corrective action include the implementation of both contingency plans as well as workarounds. Most projects will require the implementation of a contingency plan or will require a workaround to be created.  Since larger projects tend to be more complex, these are common fixtures as the size of the project increases.

The PMBOK Guide discusses both Workaround and Contingency Plans in sections 11.5.3 – 11.6.3 in it’s fourth edition.

Posted on: March 17, 2011 12:43 AM | Permalink | Comments (2)

PMP Exam Tip: The Work Package Explained

Categories: PMP Exam Tip

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The concept of a work package can be a difficult one for some people.  In project management, a work package is defined as the effort required to produce a deliverable within a project. This effort may be a single task or it could be several related tasks. Many people think of a work package as a sort of “mini project” within a larger project. When all of the individual work packages within a larger project are completed, the overall project is done.

Each step within a work package includes the steps needed for completion along with a deadline for each step. This helps the project manager ensure the overall project remains on schedule. The benefit of using work packages is that it allows many different pieces of the overall project to be worked on at the same time, usually by different groups of people. The team assigned to each work package completes their tasks and then the individual packages all merge together seamlessly at the end.

Each work package typically has someone assigned to oversee it. This could be a supervisor, a team leader or may just be the team member who was designated as the leader. Work packages are typically at the very bottom level of the overall process of project management.

A work package has many of the same components of a project. They have deadlines, schedules, include cost estimations and they are monitored. The work package should be thought of in terms of the results or deliverables of the package and not just the effort that is involved in obtaining them.

In order to create a work package, some of the main deliverables of the overall project have to be decomposed to the next level to identify the smaller work package. Depending upon the deliverables of the work package, this may need to be decomposed and separated into further work packages. However, you must remember not to go too deeply into this. If you create work packages that are not really necessary, it could lead to poor use of resources and inefficiency.

The “work package” term is discussed in the PMBOK guide in sections 3.4.11 through 7.4.4 (4th edition).

Posted on: March 10, 2011 04:26 AM | Permalink | Comments (0)

Free PMP Exam Sample Question

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The following PMP® exam sample question is taken from http://www.free-pm-exam-questions.com - The answer is at the very bottom:

 

On Friday March 25, 2011 we will be launching a new PMP Exam Simulator at http://www.pm-exam-simulator.com. Sign up to our launch newsletter and you will receive a 20% discount


PMBOK Section: Plan Communications                               

Process Group:     Planning Process Group                                        

Question Type:     Calculation                                   

Knowledge Area: Communications Management                                         

Difficulty Level:   Easy                                                                                                                                                                                                                                                         

Question:  You are managing a construction project. There are seven civil works supervisors, one civil engineer and one project coordinator reporting to you. How many communications channels you have in your project?                                                                                                                                                                                                

            A.        10                                                                                                       

            B.        36                                                                                                       

            C.        45                                                                                                       

            D.        55                                                                                                       

 

Hint:

You are also a project team member.                                                             

Reference: PMBOK4 - pg:253


All our free questions are updated to the latest PMBOK® Guide standard. Stop by at http://www.free-pm-exam-questions.com to receive the questions via email. We are a PMI Registered Education Provider.
 

Explanation:

Since you are managing the project you are one of the project team members. That makes the total project team count to 10. Using the communication lines formula n(n-1)/2, you can find out that there are 45 different communication lines. Correct Answer is  C.
Posted on: March 06, 2011 06:59 PM | Permalink | Comments (0)

Free PMP Exam Sample Question

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The following PMP® exam sample question is taken from http://www.free-pm-exam-questions.com - The answer is at the bottom:

On Friday March 25, 2011 we will be launching a new PMP Exam Simulator at http://www.pm-exam-simulator.com. Sign up to our launch newsletter and you will receive a 20% discount


PMBOK Section: Estimate Costs
Process Group: Planning Process Group
Question Type: Calculation
Knowledge Area: Cost Management
Difficulty Level: Hard

Question: You are managing an amusement park development project. You have received the following estimates for site excavation and area development activity that is critical to the success of your project. The most likely estimate is $100,000, the optimistic estimate is $90,000, and the pessimistic estimate is $120,000. What is the variance of this data?

A. 25000000
B. 5000
C. 30000
D. 105000

Hint:

Calculate the standard deviation using the PERT method and then calculate variance from it.


All our free questions are updated to the latest PMBOK® Guide standard. Stop by at http://www.free-pm-exam-questions.com to receive the questions via email. We are a PMI Registered Education Provider.

Explanation:

Standard deviation can be calculated as (Pessimistic - Optimistic) / 6. Variance can be calculated by squaring the standard deviation. For the given data, the variance is $25,000,000 and the standard deviation is $5,000. Hence choice A is the correct answer. Reference: PMP Study Guide 5ed - Sybex - pg:170

 

Posted on: February 21, 2011 08:34 AM | Permalink | Comments (0)
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