This leads to different expectations on how the project should be handled—as well as to frequent misunderstandings between stakeholders. Another effect is a growing degree of distrust and skepticism. What should you try first to integrate the diverse stakeholder groups? Answer: Focus on project work. As a project manager, you should not get distracted by big egos. Let the problems grow further until they are obvious for all. Develop a joint quality policy for the project and seek a commitment by all organizations. Analyze probability and impact of the risks linked with the situation and plan how to respond to them.
Pmp, practice test #1
Question: When estimating time for activities, a project Manager should: Answer: Use the essay best guess and estimate all activities since there will be changes as the project progresses and more information becomes available Involve people who will be doing the work to get estimates Estimate. Question: Risk tolerance is determined in order to help: Answer: The team ranks the project risks. The project manager estimates the project. The team schedules the project. Management knows how other managers will act on the project. If you know the tolerance of the stakeholders, you can predict how they might react to different situations and risk events. This information can help assign levels of risk on each work package activity. Question: you are running a project to engineer and implement a set of business processes and a software solution for customer relationship management. The project involves a large number of organizationsa major corporation and many suppliers of different sizes. During the project, you observe effects of the differences between the companies corporate cultures.
Question: If a risk event has a 90 percent chance of occurring, and the consequences will be us 10,000, what does us 9,000 represent? Answer: Risk value present value expected monetary value contingency budget emv.9 x 10,000 9, 000. Question: your construction project was damaged by an earthquake. Your contractor says that he best cannot fulfill the terms of the contract due to a specific clause you both had signed the contract. He is referring to the: Answer: Force majeure clause fixed price clause contract obligation terms None of the above. Question: All of the following are always inputs to the risk management process except: Answer: Historical information Lessons learned Work breakdown structure Project status reports Project Status report can be an input to risk management. However, when completing risk management for the first time, you wouldnt have the project status report yet. Therefore, the project status report is not always an input to risk management.
Answer: a program is a group of related projects a program is group of unrelated projects a program is a part of a big project None of above reference: The pmbok guide, 5th Edition, page. Question: The project manager meets with the project team to review lessons learned from previous projects. In what activity is the team involved? Answer: Performance management Scope identification Risk identification Project team status meeting. Question: During a bidder conference, you see that one bidder is your close friend. What should your next step be? Answer: you will pass some confidential info to him you will disclose this relationship to your management you will resign immediately from the bidding process you will try not to give the contract to him to prove your integrity There is a conflict of interest. You must inform your bosses about this relationship.
Question: Risk will be identified during which risk management process(es)? Answer: Perform quantitative risk Analysis and Identify risks. Identify risks and Monitor and Control Risks. Perform qualitative risk Analysis and Monitor and Control Risks. Identify risks, reference: The pmbok guide, 5th Edition, page 312, figure.1. Question: What is meant by raci? Answer: Responsible, accountable, confirm, Inform Recommended, Accountable, consulted, Inform Responsible, accountant, consulted, Inform Responsible, accountable, consulted, Inform The raci chart is an example of the responsibility Assignment Matrix (ram which shows the relationship between activities and the team members. Question: Which of the following statement is true about a program?
Training Global rep chennaiIndia
Question: Assuming that the ends of a range of estimates are /- 3 sigma from the mean, which of the following range estimates involves the least risk? Answer: 30 days, plus or minus 5 days 22 30 days, optimistic 26 days, most likely 30 days, pessimistic 33 days. Mean of 28 days, the estimate with the smallest range is less resume risky. Question: If a risk has a 20 percent chance of happening in a given month, and the project is expected to last essay five months, what is the probability that the risk event will occur during the fourth month of the project? Answer: Less than 1 percent 20 percent 60 percent 80 percent.
Question: An accepted deadline for a project approaches. However, the project manager realizes only 75 percent of the work has been completed. The project manager then issues a change request. What should the change request authorize? Answer: Additional resources using the contingency fund. Escalation approval to use contingency funding. Team overtime to meet schedule, corrective action based on causes.
You will gain self-confidence, knowledge, and connections you wouldn't otherwise have. The pmp, or Project Management Professional, is an exam conducted by the. Project Management Institute (pmi is a globally recognized certification. The exam consists of 200 multiple choice questions that outline the five process groups (Initiation, Planning, Executing, monitoring and Controlling, and Closing) and nine knowledge areas (Integration, Scope, time, cost, quality, human Resource, communication, risk, and Procurement). Of the 200 questions, 25 of them are pretest questions.
Pretest questions appear randomly during the exam, do not affect the candidates score, and are used in examinations as an effective way to increase the number of examination questions that can be used in future pmp exams. The passing score for the exam is almost 61 (106 questions correct out of 175 scored questions). Here's a video on pmp certification Training. Related read: Project Management Professional Exam Tips and Tricks. Below are 20 examples of pmp questions and answers. Question: A project has a 60 chance of a 100,000 profit and a 40 percent of a us 100,000 loss. The Expected Monetary value for the project is: 100,000 profit 60,000 loss 20,000 profit 40,000 loss, answer: Expected Monitory value (EMV) is computed by emv probability impact. Compute both positive and negative values and then add them:.6 100,000 60,000.4 100,000 40,000 emv 60,000 - 40,000 20,000 profit.
Essay journey you have enjoyed
Slide 10 of. Gain Invaluable Experience, because you must work through various situations you may not be familiar with in your own work environment, you will gain experience on how to solve complex and diverse project problems. Slide 11 of. Make a career slip Switch, if you've been looking to make a career switch, pmp credentials can help you to do that. By gaining a credential where you might lack years of experience, you can start at the gates with a higher position and salary than otherwise nationalism you would be capable. Slide 12 of. Honestly, finally getting that pmp certification will not be the easiest thing you will do in your career - but it will challenge you in a good way.
Slide 8 of. Provides you with Greater Job Opportunities. Like every profession, project management is a field with some job opportunities only available to those with pmp certification. In fact, there are about 20 percent more openings than there are credentialed employees available - that sounds like good odds. Slide assist 9 of. You will have more Efficient Projects. Because having a pmp certification hands you a set of tools to utilize in building efficient projects, you can improve the efficiency and productivity in all your project experiences.
to get the job you want when it's time to move. Slide 6 of. Helps you to Train Others. Because you will have the specialized training that obtaining a pmp credential requires, you will be better able to teach others the tools of project management. Slide 7 of. Helps you to evaluate potential Employees and team Members. Let's face it, we've all had teams that for whatever reason did not work together as a cohesive group. By obtaining a pmp certification, you will learn valuable skills that will in turn help you to evaluate whether or not that potential team member will be able to work well with everyone.
Slide 3 of. Benefit your Company with Exclusive know-How. Because you will have gone through the certification process, you will have learned a standardized set of project management best practices to implement in your own company projects. Slide 4 of. Command Higher pay, pMP certified project managers receive an average starting salary of 90,000 a year. Conjointly, overall pmp credentials will gain you a 20 percent lost increase in salary over non-credentialed project managers with similar qualifications. Slide 5 of. Networking Potential, when you earn your pmp credential, you will be in touch with others working hard to pass the pmp credential exam.
Language arts homework help - have your Research Paper
Written by: Ronda bowen edited by: Michele McDonough updated: 7/31/2013 slide 1 of 12, you've been to the, pmi institute's website and checked out the information on self the different Project Management Professional (PMP) credential requirements. You've seen that the exam process is lengthy, and that the fees for the exam can be hefty for an entry-level team member. All that set aside, you've heard that obtaining a pmp credential can benefit your career. What are those benefits that everyone keeps talking about? Slide 2 of. Pmp credentials Set you apart. If you've gone through the process of obtaining pmp certification, you have a standardized knowledge set - and the credentials to prove. When applying for a job against competitors, having the credentials in hand will put you ahead of those who do not.