a) It helps you in preparing the performance report
b) It is a tool and technique of the quantitative risk analysis process
c) It helps you in forecasting
d) It helps improve communication Saving Changes...
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Thomas WalentaGlobal Project Economy ExpertHackenheim, Germany
b)
Though this is an easy one, it is also can be solved just learning by heart all the T&T. There are only 132 of them.
Prepare for different types of questions asking you actually to apply the principles of PMBoK, e.g. thru what-if scenarios Saving Changes...
This thread should get moved over to Certification Central, assuming it was purely a PMP-related question and not focused on application of knowledge to our profession... Saving Changes...
Luis BrancoCEO| Business Insight, Consultores de Gestão, LdªCarcavelos, Lisboa, Portugal
Dear Saf
Interesting your question
Thanks for sharing
I agree with Kiron and what he wrote: "This thread should get moved over to Certification Central, assuming it was purely a PMP-related question and not focused on application of knowledge to our profession" Saving Changes...
I agree with you on moving over this question to Certification Central.
Do you happen to know how can I move this question to Certification Central? Saving Changes...
Senior Projects Manager | Field & Marten AssociatesNew Westminster, British Columbia, Canada
I trust B is not a correct answer. Earned Monetary Value (EMV) is used for Quantifying Risks. Saving Changes...
Thomas WalentaGlobal Project Economy ExpertHackenheim, Germany
EMV in the context of risk mgt means expected monitary value = basically value * probability.
EVM means earned value management. It does not use probabilities in its simple form.
It is a performance mgt technique, includes forecasting and is communicated in reports. Saving Changes...
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