tag:blogger.com,1999:blog-78410450356135584722020-05-17T05:08:06.366-07:00Just Get PMPHow to pass the PMP Exam?Manickhttp://www.blogger.com/profile/12079682297392808339noreply@blogger.comBlogger88125tag:blogger.com,1999:blog-7841045035613558472.post-800723384981424672017-04-21T23:20:00.000-07:002017-04-21T23:20:01.767-07:00Work Breakdown Structure (WBS) in Project Management<div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: justify;">The Work Breakdown Structure (WBS) is a hierarchical decomposition of the total scope of the project. While creating WBS, we sub-divide the project scope into smaller, more manageable components. Each descending level of WBS represents an increasing level of details of the project.<br /><br />The lowest level of WBS are known as <b>work packages</b>. The decomposition in WBS happens to the level for which cost and duration can be estimated and managed. Adequate care should be taken as excessive decomposition might lead to non-productive management effort, inefficient use of resources, decreased efficiency in performing the work and difficulty in schedule and cost estimates.<br /><br />A sample, simplified version of work breakdown structure (WBS) is shown below for a construction project. You can create similar work breakdown structure in software project management or any other project you are working on.<br /><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://2.bp.blogspot.com/-7mwVGc1aExY/WPrvkXNzz8I/AAAAAAAANk4/FQjSS7UKJHgJNjcKweVczU2v-QoBqbOSQCLcB/s1600/WBS.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="work breakdown structure (WBS) in project management" border="0" height="295" src="https://2.bp.blogspot.com/-7mwVGc1aExY/WPrvkXNzz8I/AAAAAAAANk4/FQjSS7UKJHgJNjcKweVczU2v-QoBqbOSQCLcB/s400/WBS.jpg" title="work breakdown structure (WBS) in construction project management" width="400" /></a></div><br /><h3>Characteristics or Benefits of Work Breakdown Structure (WBS) in Software Project Management</h3>The following are some of the characteristics of benefits of using Work Breakdown Structure (WBS) in Software Project Management:<ul style="text-align: justify;"><li>The WBS serves as an effective communication tool among various stakeholders involved in the project</li><li>The WBS components represent verifiable products, services or results.</li><li>The WBS include all product and project scope, including the project management work.</li><li>The WBS should ensure that all necessary work is performed, but no extra work is performed. This is known as the <b>100 percent rule</b>.</li><li>The WBS allows team buy-in of all the work to be performed in the project. It allows team members to understand how their individual contribution fits in the overall project scenario</li><li>The WBS is the foundation for all project management planning. It provides the framework for the schedule and cost management plans, allowing for consistency with the estimates, schedules, budgets and control. One of the key reasons for excessive changes in a project</li><li>The WBS provides the relationships among all the components of the project and the project deliverables.</li><li>The WBS provides a structured depiction of what has to be delivered by the project.</li></ul><h3>5 steps to creating Work Breakdown Structure (WBS)</h3>The typical steps required to create a work breakdown structure is as follows:<br /><ul><li>Identifying and analyzing the project deliverables</li><li>Organizing the WBS structure</li><li>Decomposing the project deliverables to the level of work packages</li><li>Developing and assigning identification codes to the WBS components (Code of Accounts is a numbering system used to uniquely identify each component of the work breakdown structure)</li><li>Verification of the created WBS</li></ul><h3>What is Scope Baseline?</h3>Scope Baseline includes the following components:<br /><ul><li>Project scope statement</li><li>WBS and</li><li>WBS dictionary</li></ul>The WBS dictionary provides detailed information about the deliverables and a description of the work for each work package in the WBS. It might include details like unique identifier, description of the work to be done, assumptions, constraints, acceptance criteria, person or unit responsible for delivering the work, milestones, etc. The development of WBS dictionary helps in identifying any missing information or errors in WBS.</div></div>Manickavel Arumugamhttp://www.blogger.com/profile/03955831077336895958noreply@blogger.com1tag:blogger.com,1999:blog-7841045035613558472.post-53462442893583135962016-11-19T10:15:00.000-08:002016-11-19T10:15:21.798-08:00Answers to Mock PMP Exam Questions<div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: justify;">I have written a short list of <a href="http://www.justgetpmp.com/2016/01/pmp-exam-questions-and-answers-free.html">10 mock PMP exam questions</a>. In this article, I have given the correct answer choices to those PMP exam questions. Relevant explanations are also given for you to understand why the answer choice is the best choice available.<br /><br />If you still have any doubts, you can drop your comments in the section below. If you feel the correct answer choice should be something else, please provide your line of thought and we can discuss.<br /><br /><h2>Answers to Mock PMP Exam Questions</h2><br /><h3>Mock PMP Exam Question No: 1</h3>Correct Answer: C<br />Explanation: The Project Manager is in the Plan Schedule Management process; this is the process of establishing the policies, procedures and documentation for planning, developing, managing, executing and controlling the project schedule. Expert judgment, Meetings and Analytical Techniques are all the Tools & Techniques of Plan Schedule Management.<br /><br />The only exception is Decomposition. Decomposition is used as a tool in "Create WBS" and "Define Activities".<br /><br /><h3>Mock PMP Exam Question No: 2</h3>Correct Answer: B<br />Explanation: Historical information, Templates and Change Control Procedures are all examples of Organizational Process Assets. Organizational Structure is not an Organizational Process Asset; it is part of the Enterprise Environmental Factors.<br /><br /><h3>Mock PMP Exam Question No: 3</h3>Correct Answer: C<br />Explanation: Define Activities is the process of identifying and documenting the specific actions to be performed to produce the project deliverables.The output of define activities is a list of activities.<br /><br />So, the immediate next action would be to identify the relationships among the activities. This process of identifying and documenting the relationships among project activities is called "Sequence Activities".<br /><br />So, the correct answer is "Sequence Activities".<br /><br /><h3>Mock PMP Exam Question No: 4</h3>Correct Answer: C<br />Explanation: The relationship is: Finish laying of road =>Wait 28 days => Start using the road.<br /><br />Here, 28 days is the lag for which the next activity should wait. So, the relationship is Laying of road => FS+28d => Start of use of the road.<br /><br />The correct answer choice is Option C.<br /><br /><h3>Mock PMP Exam Question No: 5</h3>Correct Answer: B<br />Explanation: Resource leveling is a technique in which start and finish dates are adjusted based on resource constraints with the goal of balancing demand for resources with the available supply.<br /><br /><h3>Mock PMP Exam Question No: 6</h3>Correct Answer: B<br />Explanation: A project is a temporary endeavor; but, it does not necessarily mean the duraion of the project is short. Please note that repetitive elements may be present in some project deliverables and activities; but, this repetition does not change the fundamental, unique characteristics of the project work. You also should understand a project can involve a single or mulitple individuals, a single organization or multiple organizations.<br /><br /><h3>Mock PMP Exam Question No: 7</h3>Correct Answer: C<br />Explanation: The project charter is created long before you start identifying work packages and activities. Project charter typically contains only high level information while work packages are created with detailed information.<br /><br /><h3>Mock PMP Exam Question No: 8</h3>Correct Answer: D<br />Explanation: Delphi technique is an information gathering technique. The remaining three are quantitative risk analysis techniques<br /><br /><h3>Mock PMP Exam Question No: 9</h3>Correct Answer: B<br />Explanation: FV = PV(1+i)^n. In this problem, Future Value FV = $48,400, rate of return I = 10% and number of years n =2. Substituting these values in the formula, you will get Present Value PV = $40,000<br /><br /><h3>Mock PMP Exam Question No: 10</h3>Correct Answer: C<br />Explanation: Project B was preferred over project A. So, the opportunity cost would be the NPV of project A, which was not chosen.</div></div>Manickavel Arumugamhttp://www.blogger.com/profile/03955831077336895958noreply@blogger.com4tag:blogger.com,1999:blog-7841045035613558472.post-1407476077815639082016-01-14T00:49:00.000-08:002017-11-22T18:31:59.217-08:00PMP Exam Questions and Answers - FREE<div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: justify;">Here, you will find a list of mock PMP exam questions that are designed to represent the actual PMP exam questions as closely as possible. These free mock PMP exam questions are framed based on my personal experience in appearing for the PMP exam and the PMI-RMP exam.<br /><br />The real PMP exam questions are not easier; but the more you practice, it would be better for you to face the actual PMP exam questions with ease at the exam.<br /><br /><h2>Mock PMP Exam Questions</h2><table style="text-align: justify;"><tbody><tr><td>1. You are the project manager for a software project. You are in the process of establishing the policies, procedures and documentation for planning, developing, managing, executing and controlling the project schedule. You may use all of the following Tools & Techniques <b>EXCEPT</b>:<br /><br />(A) Expert judgment<br />(B) Meetings<br />(C) Decomposition<br />(D) Analytical techniques<br /><br /></td></tr><tr><td>2. The following are all examples of Organizational Process Assets <b>EXCEPT</b>:<br /><br />(A) Historical information<br />(B) Organizational structure<br />(C) Templates<br />(D) Change control procedures<br /><br /></td></tr><tr><td>3. You are the project manager of a $400 million construction project. You, along with your team, have identified and documented the specific actions to be performed to produce the project deliverables. What would be your immediate next action be?:<br /><br />(A) Develop Schedule<br />(B) Collect Requirements<br />(C) Sequence Activities<br />(D) Select Sellers<br /><br /></td></tr><tr><td>4. Your project involves the construction of a temporary concrete road. The road is expected to be in use for 6 months before it gets demolished. You have completed the laying of the temporary concrete road. But, the customer specification states that you have to wait for 28 days before using the road. Which of the following relationships most likely represents the relationship of the start of the use of the road to the completion of the construction of the road?<br /><br />(A) Finish-to-start with a 28 days lead<br />(B) Finish-to-finish with a 6 months lag<br />(C) Finish-to-start with a 28 days lag<br />(D) Start-to-finish with a 28 days lag<br /><br /></td></tr><tr><td>5. You are in the planning process of a $1b project. You realize that your schedule requires more resources in certain months of the project than that are available to you. Your senior management has clearly instructed that you will not be able to obtain any additional resources for the project. So, you instruct your planner to adjust the schedule to accommodate these constraints. What are you instructing the planner to do?<br /><br />(A) Crashing<br />(B) Resource leveling<br />(C) Programme Evaluation and Review Technique<br />(D) Fast tracking<br /><br /></td></tr><tr><td><br /><div style="background-color: #fff6c9; border-bottom: 3px solid red; border-top: 3px solid red; padding: 3px; text-align: center;">You may also be interested in:<br /><div style="font-size: 140%;"><a href="http://www.justgetpmp.com/2013/05/999-free-pmp-exam-practice-questions.html"><b>3500+ Free PMP Exam Practice Questions</b></a></div></div><br /></td></tr><tr><td>6. Projects are a means of achieving objectives within an organization's strategic plan. Which of the following statements is <b>NOT</b> true about projects?<br /><br />(A) Every project creates a unique product, service or result<br />(B) The duration of the project is short<br />(C) Repetitive elements may be present in some project deliverables and activities<br />(D) A project can involve a single individual<br /><br /></td></tr><tr><td>7. The project charter contains high level information. Which of the following elements is <b>NOT</b> typically found in a project charter?<br /><br />(A) Project purpose or justification<br />(B) Summary milestone schedule<br />(C) Work packages<br />(D) Stakeholder list<br /><br /></td></tr><tr><td>8. The key benefit of performing quantitative risk analysis is that it produces quantitative risk information to support decision making in order to reduce project uncertainty. Which of the following is <b>NOT</b> a commonly used quantitative risk anlaysis and modeling technique?<br /><br />(A) Tornado diagram<br />(B) Decision tree diagram<br />(C) Monte Carlo Technique<br />(D) Delphi Technique<br /><br /></td></tr><tr><td>9. An organization invests certain amount of money into a project and makes $48,400 after 2 years. If the rate of return is 10%, how much money did the organization invest in the project?<br /><br />(A) $44,000<br />(B) $40,000<br />(C) $47921<br />(D) $47446<br /><br /></td></tr><tr><td>10. An organization is trying to choose between two projects. Project A has an estimated cost of $400,000 and an estimated NPV of $90,000. Another project B has an estimated cost of $360,000 and an estimated NPV of $110,000. If the senior management decides to go ahead with project B, what would be the opportunity cost?<br /><br />(A) $40,000<br />(B) $20,000<br />(C) $90,000<br />(D) $110,000<br /><br /></td></tr></tbody></table><div style="background-color: #fff6c9; border-bottom: 3px solid red; border-top: 3px solid red; padding: 3px; text-align: center;">Answers to the above questions are available at: <br /><div style="font-size: 140%;"><a href="http://www.justgetpmp.com/2016/11/answers-to-mock-pmp-exam-questions.html">Answers To Mock PMP Exam Questions</a></div></div><br /><h3>Conclusion</h3>I am confident that you would find the above questions helpful in your PMP exam Prep. The answers and detailed explanations with references for the above PMP exam questions would be uploaded soon. I would also update this list with more questions. IF you have any comment/ suggestions/ feedback on the above PMP exam questions, you may leave your comment below.</div></div>Manickavel Arumugamhttp://www.blogger.com/profile/03955831077336895958noreply@blogger.com20tag:blogger.com,1999:blog-7841045035613558472.post-84441196907269982752016-01-12T22:59:00.000-08:002016-01-12T23:06:13.347-08:00Answer Key for Oliver Lehmann PMP Exam<div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: justify;">Oliver F. Lehmann is one of the well known project management trainers. Being a trainer since 1995, he primarily focusses on PMP certification preparation. His 75 free sample questions (<a href="http://www.oliverlehmann.com/pmp-self-test/75-free-questions.htm" rel="nofollow" target="_blank">PMP® Exam Self-Assessment Test</a>) is very popular. If you have not tried the test yet, please STOP reading this article.<br /><br />He has given the answers and relevant references for all the 75 questions. He has not given any answer explanations, probably to encourage candidates to research themselves. I do encourage you to think and do a research before reading further on.<br /><br /><h2>Question No. 2 from Oliver Lehmann PMP Exam Self Assessment Test</h2>I took question #2 from the sample test to solve here. Read further only if you have failed to solve yourself and really need a guidance.<br /><br /><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody><tr><td style="text-align: center;"><a href="http://4.bp.blogspot.com/-aQrLltMzr0s/VpXgRN2LVkI/AAAAAAAAHkQ/MjYM0CfNoJs/s1600/Capture.JPG" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img alt="Answer Key for Oliver Lehmann PMP Exam Question No. 2" border="0" height="199" src="http://4.bp.blogspot.com/-aQrLltMzr0s/VpXgRN2LVkI/AAAAAAAAHkQ/MjYM0CfNoJs/s400/Capture.JPG" title="Answer Key for Oliver Lehmann PMP Exam Question No. 2" width="520" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">Source: http://www.oliverlehmann.com/pmp-self-test/75-free-questions.htm</td></tr></tbody></table><br /><h2>Answer Key for Oliver Lehmann PMP Exam Question No. 2</h2>There are two projects in the question. We need to choose the project with a better returns based on the Net Present Value (NPV). The below table shows the given data.<br /><br /><table><tbody><tr><th>Project #</th><th>Duration</th><th>Cost</th><th>Returns</th></tr><tr><td>1</td><td>9 months</td><td>$250,000</td><td>$120,000/ year</td></tr><tr><td>2</td><td>9 months</td><td>$250,000</td><td>1st year: $15,000<br />2nd year: $125,000<br />3rd year: $220,000</td></tr></tbody></table><br />Since the cost and duration are the same for both projects, let us ignore those data; we will look into the returns/ benefits of the project only to compare.<br /><br />Net Present Value (NPV) = FV/(1+r)<sup>t</sup>, where<br />FV = Future Value<br />r = rate of interest<br />t = time period<br /><br />So, the NPV of project 1 considering first three years<br />= 120000 / 1.05 + 120000 / 1.05<sup>2</sup> + 120000 / 1.05<sup>3</sup><br />= $326790<br /><br />NPV of project 2 considering first three years<br />= 15000 / 1.05 + 125000 / 1.05<sup>2</sup> + 220000 / 1.05<sup>3</sup><br />= $317709<br /><br />Comparing the two values, project #1 is better. By, what percentage?<br />= (326790-317709) / 317709<br />= 0.029<br />= 2.90% (approximately 3%)<br /><br />So, the first project is more attractive by approximately 3%.<br /><br /><h3>Conclusion</h3>Hope the above explanation helps. If you need any further information/ help regarding this question, please leave a comment below.</div></div>Manickavel Arumugamhttp://www.blogger.com/profile/03955831077336895958noreply@blogger.com6tag:blogger.com,1999:blog-7841045035613558472.post-33819253155895817352015-11-23T23:40:00.000-08:002015-11-24T02:00:51.714-08:00How did I prepare for PMI-RMP Certification?<div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: justify;">What is PMI-RMP® Certification? How did I prepare for PMI-RMP® Certification? You will find answers to these questions in this article.<br /><br /><b>PMI-RMP® Certification</b> is the prestigious Risk Management Professional Certification from PMI (Project Management Institute). It demonstrates your ability to identify and analyze project risks, avoid/ transfer/ mitigate threats and capitalize on opportunities. PMI states that <br /><br /><blockquote>83% of organizations that are high performers in project management practice risk management frequently while just 49 percent of low performers do so (<a href="https://www.pmi.org/~/media/PDF/learning/pulse-of-the-profession-2015.ashx" rel="nofollow" target="_blank"><b>Pulse of the Profession®: Capturing the Value of Project Management</b></a>, February 2015)</blockquote><br /><div style="background-color: #fff6c9; border-bottom: 3px solid red; border-top: 3px solid red; padding: 3px; text-align: center;">You may also be interested in:<div style="font-size: 140%;"><a href="http://www.justgetpmp.com/2013/10/certified-risk-management-professional.html"><b>The Resources I Used For PMI-RMP Exam Preparation</b></a></div></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-3Muss2vfXR4/VlQnHQ4wDnI/AAAAAAAAGjA/UklwUC7mNO0/s1600/PMI-RMP.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Get ready for PMI-RMP Certification" border="0" src="http://4.bp.blogspot.com/-3Muss2vfXR4/VlQnHQ4wDnI/AAAAAAAAGjA/UklwUC7mNO0/s1600/PMI-RMP.png" title="How did I prepare for PMI-RMP Certification?" /></a></div><h3>How did I prepare for PMI-RMP Certification?</h3>I became a Certified Risk Management Professional and earned my PMI-RMP® Credential about two years back. In this article, I would like to share the various mock exams I tried and the scores I obtained in those. I am just jotting down the journey towards obtaining PMI-RMP® Certification.<br /><br /><table><tbody><tr><th></th><th>Date of the Mock Test</th><th>Service Provider</th><th>Description</th><th>No. of questions</th><th>Score Obtained</th></tr><tr><td>1</td><td>24-06-2013</td><td>SimpliLearn</td><td>Free PMP test</td><td>175</td><td>78.9 %</td></tr><tr><td>2</td><td>15-07-2013</td><td>Ucertify</td><td>Free RMP Test</td><td>15</td><td>73 %</td></tr><tr><td>3</td><td>16-07-2013</td><td>Ucertify</td><td>Chapter Quiz</td><td>26</td><td>77 %</td></tr><tr><td>4</td><td>17-07-2013</td><td>The PM Instructors</td><td>Free PMI-RMP Questions</td><td>20</td><td>85 %</td></tr><tr><td>5</td><td>22-07-2013</td><td>Rita Mulcahy</td><td>Pretest</td><td>25</td><td>84 %</td></tr><tr><td>6</td><td>28-07-2013</td><td>Abdulla J. Alkuwaiti</td><td>Practice Questions</td><td>65</td><td>87.1 %</td></tr><tr><td>7</td><td>29-07-2013</td><td>PMXCEL.com</td><td>Sample Quiz</td><td>25</td><td>92 %</td></tr><tr><td>8</td><td>02-08-2013</td><td>Head First PMP</td><td>Risk Management Chapter Questions</td><td>20</td><td>95 %</td></tr><tr><td>9</td><td>03-08-2013</td><td>VTC</td><td>RMP Part 1</td><td>40</td><td>95 %</td></tr><tr><td>10</td><td>04-08-2013</td><td>VTC</td><td>RMP Part 2</td><td>50</td><td>88 %</td></tr><tr><td>11</td><td>05-08-2013</td><td>Scordo</td><td>Risk Management Questions</td><td>10</td><td>80 %</td></tr><tr><td>12</td><td>06-08-2013</td><td>Oliver Lehmann</td><td>PMP Test</td><td>75</td><td>80 %</td></tr><tr><td>13</td><td>06-08-2013</td><td>VTC</td><td>RMP Part 3</td><td>125</td><td>89 %</td></tr><tr><td>14</td><td>07-08-2013</td><td>VTC</td><td>PMI-SP Part 1</td><td>40</td><td>85 %</td></tr><tr><td>15</td><td>10-08-2013</td><td>Rita Mulcahy</td><td>Human Resource Chapter</td><td>34</td><td>76 %</td></tr><tr><td>16</td><td>10-08-2013</td><td>Rita Mulcahy</td><td>Quality Chapter</td><td>35</td><td>91 %</td></tr><tr><td>17</td><td>12-08-2013</td><td>Rita Mulcahy</td><td>Time Chapter</td><td>38</td><td>94.7 %</td></tr><tr><td>18</td><td>14-08-2013</td><td>Edwel</td><td>Free PMP Exam</td><td>200</td><td>79 %</td></tr><tr><td>19</td><td>12-08-2013</td><td>Rita Mulcahy</td><td>Cost Chapter</td><td>38</td><td>94.7 %</td></tr><tr><td> 20 </td><td>15-08-2013</td><td>Rita Mulcahy</td><td>Procurement Chapter</td><td>40</td><td>92.5 %</td></tr></tbody></table><br />I believe that only practice can help you. I believe that most of the candidates who prepare for the risk management exam are already certified PMPs. So, they have the knowledge and basic understanding of how the risks are identified, assessed, risk responses planned, monitored and controlled. So, all they need is to practice more and more mock tests/ practice questions to get it right. Please go ahead and successfully obtain your PMI-RMP Credential!</div></div>Manickavel Arumugamhttp://www.blogger.com/profile/03955831077336895958noreply@blogger.com0tag:blogger.com,1999:blog-7841045035613558472.post-91826315411094656412015-11-04T22:34:00.000-08:002015-11-04T22:34:16.367-08:00PMI Ending The Economic Exception Pilot, But Savings Continue<div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: justify;">PMI embarked on the <a href="http://www.justgetpmp.com/2013/01/pmi-membership-economic-exception.html"><b>Economic Exception Pilot Program for PMI membership</b></a> about three years back. The pilot program was open to only PMI members from four countries namely Brazil, India, Mexico and Nigeria.<br /><br />Under the Economic Exception Pilot Program, existing members enjoyed about 50% discount in their membership renewal fees. While the regular membership fee was US$129, PMI members enjoyed a discounted fees of US$65 under the Economic Exception Pilot Program.<br /><br />I am one of those members benefited by the Economic Exception Pilot Program. I was extremely happy to renew the PMI membership in 2014 and 2015 at the discounted price. Since it was launched as a pilot program for only three years, it is about to expire by end of this year. I was eagerly awaiting to see whether PMI would further extend this benefit.<br /><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/--q6vyCfeXqQ/Vjr0T1-qNGI/AAAAAAAAGRc/tAhdaVH05gI/s1600/economicexception.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="520" src="http://4.bp.blogspot.com/--q6vyCfeXqQ/Vjr0T1-qNGI/AAAAAAAAGRc/tAhdaVH05gI/s400/economicexception.png" width="520" /></a></div><br /><h3>PMI ending the Economic Exception Pilot</h3>Unfortunately, PMI has decided to discontinue this program in India after December 2015. I am not sure about the status of the program in the other three countries, Brazil, Mexico and Nigeria. PMI has sent a recent update to PMI members in India:<br /><blockquote>Thank you for joining PMI under the Economic Exception Pilot. While the pilot is being discontinued after 31 December 2015, your savings will continue.<br /><br />Since you participated in the pilot, you are eligible for a special US$65 annual membership rate when you renew your membership during your next renewal period. <br /><br />You can continue to enjoy another year of membership benefits and save significantly over the regular membership rate of US$129 every year you renew without interruption.</blockquote><br />I am disappointed at PMI ending the Economic Exception Pilot Program in India. But, at the least, I am glad that PMI has allowed me to renew the membership for another year at the discounted price. Thank you, Project Management Institute!<br /><br /><h3>How to renew the PMI membership using the discounted price?</h3>Would you like to renew your membership for one last time using the discounted price? Here are the steps you should follow:<br /><ol style="text-align: justify;"><li>Log on to <a href="http://www.pmi.org/" target="_blank"><b>www.PMI.org</b></a> with your username and password</li><li>Click on the myPMI tab</li><li>Click on the "Renew your membership/Print invoice" link located under your name and member information</li><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-ZfmZOmvnJ9s/UOlhhgxJuCI/AAAAAAAABgs/QGTsFUTzqxY/s1600/Capture.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="PMI Membership: Economic Exception" border="0" height="62" src="http://4.bp.blogspot.com/-ZfmZOmvnJ9s/UOlhhgxJuCI/AAAAAAAABgs/QGTsFUTzqxY/s400/Capture.JPG" title="PMI Membership: Economic Exception" width="400" /></a></div><li>Select the "Economic Exception" option and click "continue"</li><li>Proceed to Checkout</li></ol><b><i>Good things happen when you get involved with PMI.</i></b></div></div>Manickavel Arumugamhttp://www.blogger.com/profile/03955831077336895958noreply@blogger.com2tag:blogger.com,1999:blog-7841045035613558472.post-19104129885947510982015-10-25T10:33:00.000-07:002015-11-04T22:34:45.326-08:00How many PMP credential holders are there?<div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: justify;">You may know that the Project Management Professional (PMP)® is the most important industry-recognized certification for project managers. But, do you know how many active PMP Credential holders are out there? Is the number of PMP Credential holders increasing? Let us find out.<br /><br />PMI Today is a monthly publication from the Project Management Institute (PMI). It keeps the PMI members informed of the latest news, events, volunteer activities and services of PMI and its communities. PMI Today is a benefit of PMI membership and is delivered digitally to all members each month.<br /><br />PMI Today contains a column called PMI fact file, which reports the total active holders of the PMI Credentials/ Certifications. It reports data on all the eight PMI Credentials. But, I just took the number of PMI Credential holders for analysis.<br /><br />I took the PMP Credential holders data from Sep 2014 to Aug 2015, for a period of one year.<br /><br /><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody><tr><td style="text-align: center;"><a href="http://2.bp.blogspot.com/-ZgaSUjqKOIU/Vi0PemyUB4I/AAAAAAAAGIE/cixznHet2x4/s1600/PMP%2BChart.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img alt="Number of PMP Credential holders is increasing" border="0" src="http://2.bp.blogspot.com/-ZgaSUjqKOIU/Vi0PemyUB4I/AAAAAAAAGIE/cixznHet2x4/s1600/PMP%2BChart.jpg" title="How many PMP Credential holders are there?" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">Data Source: PMI Fact File, PMI Today Publications</td></tr></tbody></table><br />The number of PMP Credential holders was about 626K about 12 months ago. It has increased to about 670K by the end of August 2015. The popularity of PMP Credential and its value is ever increasing and so is the number of people showing interest in the PMP Certification examination. In the past 12 months, the number of PMP Credential holders has increased by about 7%.<br /><br />PMI’s Salary Surveys regularly show increased earnings for Credential holders. The surveys showed that the PMP credential has a positive impact on annual salary. As such, I am sure that the number of PMP Credential holders is about to grow much faster in the next 12 months. </div></div>Manickavel Arumugamhttp://www.blogger.com/profile/03955831077336895958noreply@blogger.com0tag:blogger.com,1999:blog-7841045035613558472.post-64748932399537461732015-09-12T11:39:00.000-07:002015-09-12T11:39:39.471-07:00Flow of deliverables: Step by Step<div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: justify;">We will understand, in this article, the flow of project deliverables. The entire flow of deliverables are explained step-by-step, outlining how the deliverables are produced, verified and accepted.<br /><br />PMBOK® Guide Fifth Edition defines deliverable as <br /><blockquote>any unique and verifiable product, result or capability to perform a service that is required to be produced to complete a process, phase or project.</blockquote><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-b65Fd9_s_j0/VfRwJFBWrgI/AAAAAAAAFdA/UXWsY4oiLeI/s1600/deliverables%2Bflow.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Flow of Project Deliverables, PMP, PMBOK" border="0" height="285" src="http://4.bp.blogspot.com/-b65Fd9_s_j0/VfRwJFBWrgI/AAAAAAAAFdA/UXWsY4oiLeI/s400/deliverables%2Bflow.png" title="Flow of Project Deliverables, Step-by-Step" width="400" /></a></div><br /><h3>Direct and Manage Project Work</h3>We create Project Deliverables in Direct and Manage Project Work process to meet the project work as planned and scheduled in the project management plan.<br /><br /><h3>Control Quality</h3>The deliverables, created in the Direct and Manage Project Work process, are verified in the Control Quality process to determine the correctness of deliverables. In this process, we are concerned with the correctness of the deliverables and meeting the quality requirements specified for the deliverables. Such verified deliverables from the Control Quality process becomes an input to Validate Scope process for formalized acceptance.<br /><br /><h3>Validate Scope</h3>In the Validate Scope process, we are interested in the acceptance of the verified deliverables. Deliverables that meet the acceptance criteria are formally approved and signed by customer or sponsor. Formal documentation acknowledging the acceptance of the project deliverables is forwarded to the Close Project or Phase.<br /><br />The completed deliverables that have not been formally accepted are documented along with the reasons for non-acceptance. These deliverables may require a change request (defect repair) that will be reviewed in the Perform Integrated Change Control process. Once the change requests are approved, the approved change requests become an input to the Direct and Manage Project Work process and the above cycle continues.<br /><br />Please note that Control Quality is generally performed ahead of the Validate Scope, but you may also perform the two processes in parallel.</div></div>Manickavel Arumugamhttp://www.blogger.com/profile/03955831077336895958noreply@blogger.com2tag:blogger.com,1999:blog-7841045035613558472.post-10694505178407799612015-01-01T19:59:00.001-08:002015-01-01T19:59:44.857-08:00Happy New Year 2015<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/-bz6Ii_P3uOY/VKYV_whyfyI/AAAAAAAACKs/U_5dOh--VoY/s1600/hny%2B2015.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Wonderful New Year 2015" border="0" src="http://1.bp.blogspot.com/-bz6Ii_P3uOY/VKYV_whyfyI/AAAAAAAACKs/U_5dOh--VoY/s1600/hny%2B2015.png" title="Happy New Year 2015" /></a></div><br />I wish all the readers of "Just Get PMP" a happy and wonderful new year 2015. My best wishes for a year filled with peace, joy and prosperity.<br /><br />For those of you who are preparing for the PMP Credential examination, my wishes to clear the exam and obtain the PMP credential at the earliest. If I can help you in your journey to the PMP Credential, I would be very happy.<br /><br />For those of you still on the wall, thinking whether to go for it or not, please take the first step and work towards achieving the PMP Credential.</div>Manickavel Arumugamhttp://www.blogger.com/profile/03955831077336895958noreply@blogger.com0tag:blogger.com,1999:blog-7841045035613558472.post-43872260964621343762014-12-18T20:37:00.000-08:002014-12-18T20:37:39.199-08:00Project or Operations? What is it?<div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: justify;">I have done a video presentation on the topic "Projects vs Operations | PMP Exam Perspective". This is my first serious attempt to use YouTube for my presentations/ blog. Please watch the YouTube video embedded below in this article.<br /><br /><div style="text-align: center;"><iframe allowfullscreen="" frameborder="0" height="270" src="https://www.youtube.com/embed/i23--t5Eikg" width="480"></iframe></div><br />Please leave your valuable comments/ feedback/ suggestions on the video. If you have any particular topic that you want me to cover in the next video, your suggestions are most welcome. If you liked this video, please give a thumbs-up and also don't forget to subscribe to the YouTube Channel.</div></div>Manickavel Arumugamhttp://www.blogger.com/profile/03955831077336895958noreply@blogger.com0tag:blogger.com,1999:blog-7841045035613558472.post-52786045781085971152014-08-08T02:09:00.001-07:002014-08-08T02:09:04.048-07:00Training Programme at L&T, Chennai<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-IylWXxmTDzk/U-SR8Ha_A5I/AAAAAAAACAc/YaszLdRvxaw/s1600/20140621_110053.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Training Programme at L&T, Chennai" border="0" src="http://2.bp.blogspot.com/-IylWXxmTDzk/U-SR8Ha_A5I/AAAAAAAACAc/YaszLdRvxaw/s320/20140621_110053.jpg" height="480" title="Training Programme at L&T, Chennai" width="640" /></a></div><br /><div style="text-align: justify;">I was recently invited to deliver a guest lecture at Larson & Toubro (L&T), Chennai. I had to deliver a lecture as part of the training programme conducted for the staff of L&T Heavy Infra Civil in 01-M1A cadre (those who are mostly in supervisory and group leader levels).<br /><br />The training programme on "Diaphragm walls" was planned to be conducted for two days at L&T Construction Headquarters, Chennai on 20th & 21st June 2014. The main aim of the programme was to share the knowledge on the construction of diaphragm walls, by inviting internal and external subject matter experts from the industries.<br /><br />I delivered the lecture on the topic "Diaphragm wall construction - Site planning & control". I shared my experience from projects done in Singapore and India; I also highlighted the gaps and suggested areas of improvement for the staff.<br /><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-1v4B7rDJQfE/U-SR_23AKtI/AAAAAAAACAk/-S9K9H9ls5g/s1600/20140621_110123.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Trainees attending the presentation on "Diaphragm Walls"" border="0" src="http://3.bp.blogspot.com/-1v4B7rDJQfE/U-SR_23AKtI/AAAAAAAACAk/-S9K9H9ls5g/s320/20140621_110123.jpg" height="480" title="Trainees attending the presentation on "Diaphragm Walls"" width="640" /></a></div><br />The programme co-ordinator, Dr. K. S. Ramakrishna, wrote to me after the training programme as follows:<br /><blockquote><div class="message_box success">Dear Mr.Manickavel,<br /><br />I take this opportunity to thank you for sparing your valuable time and for delivering an excellent lecture on<br /><br />Diaphragm Walls Construction- Site Planning and Control<br /><br />You have been able to expose the participants to various issues related to the site planning and control. I am sure all the participants could feel the vast experience and knowledge with which you could speak and this must benefit them in their careers. <br /><br />I once again thank you for disseminating your knowledge and experience to the young and promising engineers of this great institution called L&T.<br /><br />I look forward to more opportunities where you can share your experience with the deep foundations engineering community in India.<br /><br />Regards<br />KSR</div></blockquote><br />I thank L&T for inviting me to share my knowledge and experience with the upcoming Engineers.<br /></div></div>Manickavel Arumugamhttp://www.blogger.com/profile/03955831077336895958noreply@blogger.com0tag:blogger.com,1999:blog-7841045035613558472.post-51120280185302121892013-10-24T00:52:00.002-07:002015-11-24T02:00:08.889-08:00I am a Certified Risk Management Professional (PMI-RMP)<div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: justify;">I am proud to say that I am successful in my effort to obtain my second PMI credential. Yes, I am a Certified Risk Management Professional (PMI-RMP).<br /><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-2MptI52EZ0k/UmjQyXTYu3I/AAAAAAAABzw/NUxbLdPrnKo/s1600/PMI-RMP+Certificate.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="PMI Risk Management Professioanl (PMI-RMP) Examination Report" border="1" height="167" src="http://3.bp.blogspot.com/-2MptI52EZ0k/UmjQyXTYu3I/AAAAAAAABzw/NUxbLdPrnKo/s400/PMI-RMP+Certificate.jpg" title="PMI Risk Management Professioanl (PMI-RMP) Examination Report" width="400" /></a></div><br />The thought of taking up the RMP exam crossed me sometime in early June. But, I didn't pursue that because of the change in examination syllabus from PMBOK 4 to PMBOK 5. I thought that the time was too short to achieve the goal.<br /><br />Then, sometime in June itself, I came to know that only PMP exam changes by end of July 2013 whereas RMP exam changes only by end of August. So, I wanted to give it a try. Even though I know that there were insignificant changes from PMBOK4 to PMBOK5, I was reluctant to wait. (A known devil is better than unknown angel, right?).<br /><br /><div style="background-color: #fff6c9; border-bottom: 3px solid red; border-top: 3px solid red; padding: 3px; text-align: center;">You may also be interested in:<div style="font-size: 140%;"><a href="http://www.justgetpmp.com/2015/11/how-i-prepare-pmi-rmp-certification.html"><b>How did I Prepare for PMI-RMP Certification?</b></a></div></div><br />I did some research to find the contact hours required to fulfil PMI's requirements. I purchased one month of online access to VTC. They have several online courses, which you can access during the period of subscription. If you complete watching the videos for a course, you will get the certificate of completion for that course.<br /><br /><h3>Resources used for RMP exam preparation</h3>1. VTC.com: PMI-RMP Risk Management Professional bundle (Author: Vanina Mangano)<br />2. Risk Management Tricks of the Trade for Project Managers + PMI-RMP Exam Prep Guide by Rita Mulcahy<br />3. Study Guide For the PMI Risk Management Professional Exam by Abdulla J. Alkuwaiti<br />4. PMBOK 4<br />5. PMP Exam Prep, Seventh Edition: Rita's Course in a Book for Passing the PMP Exam by Rita Mulcahy<br />6. Risk Management chapter from Head First Pmp: A Brain-Friendly Guide to Passing the Project Management Professional Exam by Andrew Stellman<br />7. Several free online resources, some of which are listed below:<br />7a. PMXCEL: <a href="http://www.pmxcel.com/rmp-sample-quiz.php" rel="nofollow" target="_blank">PMI-RMP Sample Questions</a><br />7b. uCertify.com: <a href="http://www.ucertify.com/?func=load_course&course=PMI-RMP" rel="nofollow" target="_blank">Trial Copy of PMI-RMP Course</a><br />7c. SimpliLearn: <a href="http://www.simplilearn.com/project-management/pmi-rmp-training-online/ppa129?course_type_id=2&country_id=-2&mode=s" rel="nofollow" target="_blank">Free PMI-RMP Practice Test</a><br /><br /><h3>Advice for PMI-RMP aspirants</h3>Even though I have listed lot of resources above, I didn't use all of them to the full extent. Here is how I have used them:<br /><ul><li>I listened to most of the video content from VTC.com; they were quite useful and informative. I answered all the practice questions and mock test given by VTC.com and compared those answers with the author's answers.</li><li>I used Rita's Risk Management book and Alkuwaiti's risk management book only to try the end of the chapter questions; I did not find it necessary to go through the entire book.</li><li>I went through PMBOK's risk management chapter (in my opinion, this is the most useful exercise you should do); and a quick review of other chapters like quality, communication, human resources, time, cost and procurement.</li><li>I used Head First PMP book also for only trying end of the chapter questions in risk management</li><li>I find most of the online resources not that useful for PMI-RMP exam</li></ul><br /><h3>Conclusion</h3>If you are a PMP credential holder, you will not find PMI-RMP exam too difficult. The approach is similar; but get ready for a barrage of questions primarily around risk management. You should be thorough with all the risk management processes, the tools and techniques, and concepts like secondary risk, residual risk, contingency plans, work arounds and so on. Wishes for your success in PMI-RMP exam. If you need any advice/ suggestions/ feedback, please leave a comment below.</div></div>Manickhttp://www.blogger.com/profile/12079682297392808339noreply@blogger.com13tag:blogger.com,1999:blog-7841045035613558472.post-35673887395909226112013-10-22T07:51:00.002-07:002013-10-22T07:53:49.070-07:00Project Cost Management: Video<div dir="ltr" style="text-align: left;" trbidi="on"><div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: justify;"><b>Project Cost Management</b> includes those processes involved in planning, estimating, budgeting, monitoring and controlling costs. The ultimate goal of project cost management is to complete the project within the approved budget. <br /><br />Below, you will find the four project management processes covered under project cost management knowledge area: <b><br /></b></div><div style="text-align: justify;"><b><br /></b> <i>Planning Process Group</i></div><div style="text-align: justify;">1. Plan Cost Management</div><div style="text-align: justify;">2. Estimate Costs</div><div style="text-align: justify;">3. Determine Budget</div><div style="text-align: justify;"><i>Monitoring and Controlling Process Group</i><br />4. Control Costs<br /><br /><h3>Project Cost Management Video from Whizlabs</h3>I would like to share a video on project cost management developed by Whizlabs. This video is a part of Whizlabs PMP Certification Self Study Training. The video explains the concept of Project Cost Management under the guidelines of PMBOK - Fifth Edition.<br /><br /></div><div style="text-align: center;"><iframe allowfullscreen="" frameborder="0" height="344" src="//www.youtube.com/embed/9Qr7jr34XbE" width="459"></iframe></div></div><br /><div style="text-align: justify;"><h3>10% Discount on Whizlabs PMP Certification Self Study Training</h3></div><div style="text-align: justify;">If you liked the above video, you may consider signing up with Whizlabs for their training program. You can visit their page by clicking here: <a href="http://www.shareasale.com/r.cfm?b=492457&u=821963&m=43514&urllink=&afftrack=" rel="nofollow" target="_blank">10% Discount on PMP Self Study Training</a>. Don't forget to use the Coupon Code <b>JUSTGETPMP</b> while you check out. This discount code is offered exclusively for Just Get PMP readers. So, go ahead and use it.<br /><br />Please share your opinion/ feedback in the comments section so that other readers would also benefit from this offer; alternatively, you can mail your views to manick.pmp@gmail.com.</div></div>Manickavel Arumugamhttp://www.blogger.com/profile/03955831077336895958noreply@blogger.com2tag:blogger.com,1999:blog-7841045035613558472.post-46676923232155769222013-07-04T03:22:00.001-07:002013-07-04T03:22:54.058-07:00PMP Lessons Learned #4<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-rPY_dwBaV9k/UbNGYNFcOkI/AAAAAAAABto/wtaxsA6_aRk/s1600/PMP+Lessons+Learned.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="PMP Lessons Learned" border="0" height="160" src="http://2.bp.blogspot.com/-rPY_dwBaV9k/UbNGYNFcOkI/AAAAAAAABto/wtaxsA6_aRk/s320/PMP+Lessons+Learned.png" title="PMP Lessons Learned" width="320" /></a></div><div style="text-align: justify;">Further to our interviews with <a href="http://www.justgetpmp.com/2013/06/pmp-lessons-learned-1.html" target="_blank">Mr. Dayanidhi Dhandapany, PMP</a>, <a href="http://www.justgetpmp.com/2013/06/pmp-lessons-learned-2.html" target="_blank">Mr. Ramakrishnan Jayabalan (Ramki), PMP</a> and <a href="http://www.justgetpmp.com/2013/06/pmp-lessons-learned-3.html">Ms. Sangeetha, PMP</a>, here is an interview with Mr. Thiruvalluvan, PMP.<br /><br />Thiru is basically a Civil Engineer with lots of experience in Construction and project management. Here, he shares his views and opinions on his successful journey towards the coveted PMP Credential.</div><br /><div class="message_box announce">Start of Survey</div><br /><h2>Personal Details</h2><b>1. Your name?</b><br />Thiruvalluvan<br /><br /><b>2. Your Qualification?</b><br />PG Degree in Engineering<br /><br /><b>3. Your Industry?</b><br />Construction<br /><br /><b>4. Years of Experience</b><br />More than 15 years<br /><br /><h2>Details of Training Attended</h2><b>5. Where did you attend PMP training?</b><br /><a href="http://www.qtnt.com/pmpcert.html" rel="nofollow" target="_blank">QT&T, Singapore</a><br /><br /><b>6. What is the mode of your training?</b><br />Class room based<br /><br /><h2>Details of Exam Preparation</h2><b>7. How long did you prepare for the exam?</b><br />45 - 90 days<br /><br /><b>8. In your opinion, which is the best book for PMP exam preparation?</b><br />PMP Exam Prep, Rita Mulcahy<br /><br /><b>9. Did you take part in any online forum during the preparation?</b><br />No.<br /><br /><b>10. Most useful online resource for PMP exam preparation</b><br /><a href="http://sridharpeddisetty.blogspot.com/2010/11/my-notes-on-pmbok-v4.html" rel="nofollow" target="_blank">Sridhar Pedisetty's Notes on PMBOK V4</a><br /><br /><b>11. How did you prepare for the exam? What would you like to change if you would revisit the exam preparation period?</b><br /><div style="text-align: justify;">Listening the PMP audio during travelling times really helped most. Complete Mock exam paper preparation (4hrs) few times practice also helped a lot.</div><br /><h2>Opinion on the PMP Exam Content</h2><b>12. Easiest knowledge area?</b><br />Communications Management<br /><br /><b>13. Most difficult knowledge area?</b><br />Integration Management<br /><br /><h2>During the Exam</h2><b>14. Time taken to complete the exam?</b><br />Time was just enough<br /><br /><h2>Final Word</h2><b>15. One last piece of advice for candidates preparing for the exam?</b><br /><div style="text-align: justify;">Listen to Audio tapes, prepare your own notes and it is a must to read PMBOK few times.<br /><br /><div class="message_box announce">End of Survey</div><br />I sincerely thank Thiru for taking time out of his busy schedule to send this feedback.<br /><br />If you are interested in sharing your experience, you can use my <a href="https://docs.google.com/forms/d/1J688t6apml4rE_WG7sT73hTbAcn9T3thNeUvKHvj4nQ/viewform">PMP Lessons Learned form</a>. Your valuable lessons learned will be shared on this blog for the benefit of other PMP aspirants.</div></div>Manickavel Arumugamhttp://www.blogger.com/profile/03955831077336895958noreply@blogger.com9tag:blogger.com,1999:blog-7841045035613558472.post-88935479347362808722013-06-13T09:55:00.000-07:002013-06-13T19:28:48.706-07:00PMP Lessons Learned #3<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-rPY_dwBaV9k/UbNGYNFcOkI/AAAAAAAABto/wtaxsA6_aRk/s1600/PMP+Lessons+Learned.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="PMP Lessons Learned" border="0" height="160" src="http://2.bp.blogspot.com/-rPY_dwBaV9k/UbNGYNFcOkI/AAAAAAAABto/wtaxsA6_aRk/s320/PMP+Lessons+Learned.png" title="PMP Lessons Learned" width="320" /></a></div><div style="text-align: justify;">Further to our interviews with <a href="http://www.justgetpmp.com/2013/06/pmp-lessons-learned-1.html" target="_blank">Mr. Dayanidhi Dhandapany, PMP</a> and <a href="http://www.justgetpmp.com/2013/06/pmp-lessons-learned-2.html" target="_blank">Mr. Ramakrishnan Jayabalan (Ramki), PMP</a>, here is an interview with Ms. Sangeetha, PMP.<br /><br />Below, you can find her views and opinions on her successful journey that fetched her the coveted PMP Credential.</div><br /><div class="message_box announce">Start of Survey</div><br /><h2>Personal Details</h2><b>1. Your name?</b><br />Sangeetha A<br /><br /><b>2. Your Qualification?</b><br />Degree in Engineering<br /><br /><b>3. Your Industry?</b><br />Construction<br /><br /><b>4. Years of Experience</b><br />5 - 10 years<br /><br /><h2>Details of Training Attended</h2><b>5. Where did you attend PMP training?</b><br /><a href="http://www.greenmtc-intl.com/" rel="nofollow" target="_blank">Green International, Chennai</a><br /><br /><b>6. What is the mode of your training?</b><br />Class room based<br /><br /><h2>Details of Exam Preparation</h2><b>7. How long did you prepare for the exam?</b><br />45 - 90 days<br /><br /><b>8. In your opinion, which is the best book for PMP exam preparation?</b><br />Head First PMP, Andrew Stellman<br /><br /><b>9. Did you take part in any online forum during the preparation?</b><br /><a href="http://pmstudy.com/" rel="nofollow" target="_blank">PMstudy.com</a><br /><br /><b>10. Most useful online resource for PMP exam preparation</b><br /><a href="http://pmstudy.com/" rel="nofollow" target="_blank">PMstudy.com</a>, <a href="http://www.headfirstlabs.com/books/hfpmp/" rel="nofollow" target="_blank">Head First PMP </a><br /><br /><b>11. How did you prepare for the exam? What would you like to change if you would revisit the exam preparation period?</b><br /><div style="text-align: justify;"><i>No response</i>. </div><br /><h2>Opinion on the PMP Exam Content</h2><b>12. Easiest knowledge area?</b><br />Communications Management<br /><br /><b>13. Most difficult knowledge area?</b><br />Integration Management<br /><br /><h2>During the Exam</h2><b>14. Time taken to complete the exam?</b><br />Time was not a problem<br /><br /><h2>Final Word</h2><b>15. One last piece of advice for candidates preparing for the exam?</b><br /><div style="text-align: justify;">Start studying along with the course progress and try to take up the exam within 3 months of course completion. Practice lot of mock test and at least 2-3 full exam in a exam kind environment.<br /><br /><div class="message_box announce">End of Survey</div><br />I sincerely thank Sangeetha for filling up this questionnaire. I hope to get few more PMPs to share their experience here. If you are interested in sharing your experience, you can use my <a href="https://docs.google.com/forms/d/1J688t6apml4rE_WG7sT73hTbAcn9T3thNeUvKHvj4nQ/viewform">PMP Lessons Learned form</a>. Your valuable lessons learned will be shared on this blog for the benefit of other PMP aspirants.</div></div>Manickavel Arumugamhttp://www.blogger.com/profile/03955831077336895958noreply@blogger.com4tag:blogger.com,1999:blog-7841045035613558472.post-84796853557068177782013-06-10T21:27:00.000-07:002013-06-10T21:27:17.752-07:00PMP Lessons Learned #2<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-rPY_dwBaV9k/UbNGYNFcOkI/AAAAAAAABto/wtaxsA6_aRk/s1600/PMP+Lessons+Learned.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="PMP Lessons Learned" border="0" height="160" src="http://2.bp.blogspot.com/-rPY_dwBaV9k/UbNGYNFcOkI/AAAAAAAABto/wtaxsA6_aRk/s320/PMP+Lessons+Learned.png" title="PMP Lessons Learned" width="320" /></a></div><div style="text-align: justify;">Further to our interview with Mr. Dayanidhi Dhandapany, PMP on <a href="http://www.justgetpmp.com/2013/06/pmp-lessons-learned-1.html">PMP Lessons Learned</a>, here is the second interview with Mr. Ramakrishnan Jayabalan (Ramki), PMP.<br /><br />Ramki is an enthusiastic project management professional from the IT industry. Ramki attended one of my PMP training programmes; and, that's how I know him.<br /><br />Below, you can find his views and opinions on his successful journey that fetched him the coveted PMP Credential.</div><br /><div class="message_box announce">Start of Survey</div><br /><h2>Personal Details</h2><b>1. Your name?</b><br />Ramakrishnan Jayabalan (Ramki)<br /><br /><b>2. Your Qualification?</b><br />PG Degree in Engineering<br /><br /><b>3. Your Industry?</b><br />IT<br /><br /><b>4. Years of Experience</b><br />10 - 15 years<br /><br /><h2>Details of Training Attended</h2><b>5. Where did you attend PMP training?</b><br /><a href="http://www.greenmtc-intl.com/" rel="nofollow" target="_blank">Green International, Chennai</a><br /><br /><b>6. What is the mode of your training?</b><br />Class room based<br /><br /><h2>Details of Exam Preparation</h2><b>7. How long did you prepare for the exam?</b><br />180 - 365 days<br /><br /><b>8. In your opinion, which is the best book for PMP exam preparation?</b><br />PMBOK<br /><br /><b>9. Did you take part in any online forum during the preparation?</b><br />Not during the preparation, but I would recommend this group which is very active <a href="http://groups.google.com/group/pmp-cert-online-study-group/topics" rel="nofollow" target="_blank">http://groups.google.com/group/pmp-cert-online-study-group/topics</a><br /><br /><b>10. Most useful online resource for PMP exam preparation</b><br />Nothing specific, but i would suggest to grasp as much as possible.<br /><br /><b>11. How did you prepare for the exam? What would you like to change if you would revisit the exam preparation period?</b><br /><div style="text-align: justify;">Time management is more important; need to practice more sessions, better to go with multiple topics instead of going single threaded. </div><br /><h2>Opinion on the PMP Exam Content</h2><b>12. Easiest knowledge area?</b><br />Communications Management<br /><br /><b>13. Most difficult knowledge area?</b><br />Procurement Management<br /><br /><h2>During the Exam</h2><b>14. Time taken to complete the exam?</b><br />Time was just enough<br /><br /><h2>Final Word</h2><b>15. One last piece of advice for candidates preparing for the exam?</b><br /><div style="text-align: justify;">Stick to the timing.<br /><br /><div class="message_box announce">End of Survey</div><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-IpZILW7FrME/UbalRuLpkbI/AAAAAAAABt4/Q8jYl3pG-JE/s1600/nutpam.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Nutpam: Project Management" border="0" height="80" src="http://2.bp.blogspot.com/-IpZILW7FrME/UbalRuLpkbI/AAAAAAAABt4/Q8jYl3pG-JE/s200/nutpam.png" title="Nutpam: Project Management" width="200" /></a></div>I sincerely thank Ramki for filling up this questionnaire, in spite of his busy schedule. And, forgot to tell you. Ramki is also a passionate blogger. You can read his blog on project management (in Tamil language) at <a href="http://nutpam.net/pmvaangapazhagalam1/" target="_blank">Nutpam</a>.<br /><br />I hope to get few more PMPs to share their experience here. If you are interested in sharing your experience, you can use my <a href="https://docs.google.com/forms/d/1J688t6apml4rE_WG7sT73hTbAcn9T3thNeUvKHvj4nQ/viewform">PMP Lessons Learned form</a>. Your valuable lessons learned will be shared on this blog for the benefit of other PMP aspirants.</div></div>Manickavel Arumugamhttp://www.blogger.com/profile/03955831077336895958noreply@blogger.com1tag:blogger.com,1999:blog-7841045035613558472.post-40398623778579658852013-06-08T08:26:00.001-07:002018-12-11T09:40:15.689-08:00PMP Lessons Learned #1<div dir="ltr" style="text-align: left;" trbidi="on"><div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-rPY_dwBaV9k/UbNGYNFcOkI/AAAAAAAABto/wtaxsA6_aRk/s1600/PMP+Lessons+Learned.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="PMP Lessons Learned" border="0" height="160" src="https://2.bp.blogspot.com/-rPY_dwBaV9k/UbNGYNFcOkI/AAAAAAAABto/wtaxsA6_aRk/s320/PMP+Lessons+Learned.png" title="PMP Lessons Learned" width="320" /></a></div><div style="text-align: justify;">I thought of sharing some lessons learned during the PMP exam preparation. As you know, PMI puts lot of emphasis on lessons learned and historical information for the success of any project. Since the entire process of getting PMP credential certification is also a project, all the lessons learned by the current PMP holders would be extremely useful for new PMP aspirants.<br /><br />So, I framed a set of questions as a survey with an idea to collect lessons learned from PMPs I know. Here is the first such survey answered promptly by Mr. Dayanidhi Dhandapany. Daya, whom I know personally too, attended one of my PMP training programmes and cleared the exam in a short period of time.<br /><br />Below, you can find his views and opinions on his successful journey that fetched him the coveted PMP Credential.</div><br /><div class="message_box announce">Start of Survey</div><br /><h2>Personal Details</h2><b>1. Your name?</b><br />Dayanidhi Dhandapany<br /><br /><b>2. Your Qualification?</b><br />PG Degree in Engineering<br /><br /><b>3. Your Industry?</b><br />Construction<br /><br /><b>4. Years of Experience</b><br />More than 15 years<br /><br /><h2>Details of Training Attended</h2><b>5. Where did you attend PMP training?</b><br /><a href="http://www.greenmtc-intl.com/" rel="nofollow" target="_blank">Green International, Chennai</a><br /><br /><b>6. What is the mode of your training?</b><br />Class room based<br /><br /><h2>Details of Exam Preparation</h2><b>7. How long did you prepare for the exam?</b><br />45 - 90 days<br /><br /><b>8. In your opinion, which is the best book for PMP exam preparation?</b><br />PMP Exam Prep, Rita Mulcahy<br /><br /><b>9. Did you take part in any online forum during the preparation?</b><br />PMPSTUDY.COM<br /><br /><b>10. How did you prepare for the exam? What would you like to change if you would revisit the exam preparation period?</b><br /><div style="text-align: justify;">I already have working experience in project control field, so I have to tune myself to PMI way of project management in approaching the exams for which practicing of 1000 questions and attempting to take exams for more than 6 hours per day continuously gave me the comfort of sitting for the real exam under 2.5 hours to complete the 4 hours exam duration.<br /><br />In simple terms the more the practice less the pain you will take in the real exam because your mind is tuned automatically to cope up with time. Of course one has to understand the concepts, processes etc in PMI Way only.</div><br /><h2>Opinion on the PMP Exam Content</h2><b>11. Easiest knowledge area?</b><br />Time Management<br /><br /><b>12. Most difficult knowledge area?</b><br />Procurement Management<br /><br /><h2>During the Exam</h2><b>13. Time taken to complete the exam?</b><br />Time was not a problem<br /><br /><h2>Final Word</h2><b>14. One last piece of advice for candidates preparing for the exam?</b><br /><div style="text-align: justify;">Try to take as much Mock up exams to achieve the speed to complete the exam in 2.5 hours and your scoring in the mock should be 93% then you can go for real exam.<br /><br /><div class="message_box announce">End of Survey</div><br /></div></div><br /><div style="background-color: #fff6c9; border-bottom: 3px solid red; border-top: 3px solid red; padding: 3px; text-align: center;">You may also be interested to find out <br /><div style="font-size: 140%;"><a href="http://www.pmdrill.com/pass-pmp-first-attempt/">How Archana Passed PMP in Her First Attempt</a></div></div><br />I sincerely thank Daya for filling up this questionnaire, in spite of his busy schedule. I hope to get few more to share their experience here. If you are interested in sharing your experience, you can use my <a href="https://docs.google.com/forms/d/1J688t6apml4rE_WG7sT73hTbAcn9T3thNeUvKHvj4nQ/viewform">PMP Lessons Learned form</a>, which will be shared on this blog.</div>Manickavel Arumugamhttp://www.blogger.com/profile/03955831077336895958noreply@blogger.com0tag:blogger.com,1999:blog-7841045035613558472.post-34930727528122896962013-05-31T10:06:00.000-07:002013-06-12T09:00:43.107-07:00Free E-Book: How to be a great project manager?<div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: justify;"><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-ovzc7GaBFG0/UajXPqZBIVI/AAAAAAAABtY/Fn9h7t6RPpI/s1600/book1lge.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Free e-book: How to be a great project manager?" border="0" src="http://3.bp.blogspot.com/-ovzc7GaBFG0/UajXPqZBIVI/AAAAAAAABtY/Fn9h7t6RPpI/s1600/book1lge.jpg" title="Free e-book: How to be a great project manager?" /></a></div>I came across an e-book on project management at ProjectManager.com. The book is titled “How to be a great Project Manager?” The book title was attractive enough for me and I straightaway started reading it. Since the book is available FREE for everyone, I thought of sharing the information here.<br /><br /><h2>Review of the book</h2>The book starts off like this: “Whether you’re a novice or an expert, you can always improve the way you manage projects.” This is what we call it as continual improvement; the core concept of ISO 9000 Quality Management System.<br /><br />It’s a simple book on project management, not really rocket science. It’s not as voluminous as you would normally expect books on project management to be.<br /><br />I would consider it more as a handy reference tool, touching on basic concepts of project management. After all, in our pursuit to excellence, we often lose track of the project management basics. Right?<br /><br />I like the simplicity of the book. The limited concepts covered in the book are very well organized and presented in a way that’s pleasing to the eyes.<br /><br /><h2>Contents of the book</h2>The book provides several tips, tricks and techniques to put you on the right track to become a better project manager. In this book, you will learn how to:<br /><br /><ul><li>Set goals and achieve them</li><li>Improve your decision-making skills</li><li>Write great project documents</li><li>Deliver fantastic presentations</li><li>Manage day-to-day tasks</li><li>Boost your personal confidence</li><li>Improve your learning</li><li>Get a work-life balance</li></ul><br /><h2>Where to get the book?</h2>If you are interested, you can download the book for free here: <a href="http://www.projectmanager.com/how-to-be-a-great-project-manager.php" rel="nofollow" target="_blank">How to be a great Project Manager?</a><br /><br /><h2>Conclusion</h2>If you are preparing for the PMP credential examination, then this book may not be of any help to you in the exam preparation. But, it would be a good guide for you as a project manager. If you managed to get a copy of the book, please share your opinions on the book.</div></div>Manickavel Arumugamhttp://www.blogger.com/profile/03955831077336895958noreply@blogger.com3tag:blogger.com,1999:blog-7841045035613558472.post-27152493657678587142013-05-28T22:02:00.003-07:002017-11-17T09:37:20.574-08:003500+ Free PMP Exam Practice Questions<div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: justify;"><span style="color: red;"><b>Updated on 17 Nov 2017</b></span>: Free PMP® Exam Prep Practice Test (full mock test containing 200 questions) from SimpliLearn was added; the updated list now contains 3500+ Free PMP exam practice questions. Invalid links were removed from the list. <br /><br />To succeed in PMP Certification Examination, you need to follow three golden rules, which are listed below:<br /><ol style="text-align: left;"><li>Practice</li><li>Practice and</li><li>More practice</li></ol><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-nSZq2FDzkqs/UdVZiisQYlI/AAAAAAAABvg/_AiMlxCCS7E/s335/FreePMPQuestions.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="999+ Free PMP Practice Questions" border="0" height="428" src="https://4.bp.blogspot.com/-nSZq2FDzkqs/UdVZiisQYlI/AAAAAAAABvg/_AiMlxCCS7E/s640/FreePMPQuestions.png" title="999+ Free PMP Practice Questions" width="640" /></a></div><br />Got it? Yes, PMP is one examination where you can succeed only by getting some hands-on exercises. It is difficult to clear the examination just by reading PMBOK or attending some training. You need to try as many questions as possible, monitor your performance and control your study before going for the real PMP exam. I have touched about this approach in my earlier article titled <a href="http://www.justgetpmp.com/2012/04/how-to-pass-pmp-in-first-attempt.html">How to Pass PMP in First Attempt?</a>.<br /><br />So, the next step is to find relevant resources. You can buy question banks or mock exam softwares available in the market, if money is not a constraint. But, if you are worried about spending more money on PMP, don't worry. There are ample PMP questions available online, free of cost.<br /><br />In this article, I have listed some of them for your reference and use.<br /><br /><h3>3500+ Free PMP Exam Practice Questions</h3><ol style="text-align: justify;"><li>Just Get PMP - <a href="http://www.justgetpmp.com/2016/01/pmp-exam-questions-and-answers-free.html">PMP Exam Questions and Answers - Free</a></li><li>PMPExamForFree- <a href="http://pmpexamforfree.com/" rel="nofollow" target="_blank">Premium PMP Exam Questions</a> (700 questions)</li><li>GreyCampus - <a href="http://www.greycampus.com/opencampus/project-management-professional/practise-exams" rel="nofollow" target="_blank">Free PMP Practice Exam</a> (200 questions); requires you to share your e-mail to receive the test result</li><li>Just PMP - <a href="https://www.justpmp.com/free-pmp-practice-test/" rel="nofollow" target="_blank">Free PMP Practice test</a> (200 questions); requires you to like and share JustPMP facebook page before you enroll for test</li><li>BrainBOK - <a href="http://www.brainbok.com/home#Exam" rel="nofollow" target="_blank">Mastering PMBOK Exam </a>(50 random questions displayed from a pool of 100+ free questions); <i>requires a sign-in with Google Account</i><br /></li><li>Oliver F. Lehmann<ul><li><a href="http://www.oliverlehmann.com/contents/free-downloads/175_PMP_Sample_Questions.pdf" rel="nofollow" target="_blank">Stay on track for the PMP® Exam</a> (175 Prep Questions)</li><li><a href="http://www.oliverlehmann.com/pmp-self-test/75-free-questions.htm#testbegin" rel="nofollow" target="_blank">PMP® Exam Self-Assessment Test</a> (75 questions)</li></ul></li><li>Project Management Academy - <a href="http://projectmanagementacademy.net/free-pmp-questions" rel="nofollow" target="_blank">Free PMP Questions</a> (50 questions)</li><li>iZenBridge<ul><li><a href="http://www.izenbridge.com/pmp/free-exam/pmbok-5-practice-questions-test/" rel="nofollow" target="_blank">PMP Free Practice Test</a> (100 questions)</li><li><a href="http://www.izenbridge.com/pmp/free-exam/earned-value-cost-control-test" rel="nofollow" target="_blank">Earned Value Management (EVM) Quiz</a> (15 questions)</li></ul></li><li>CertChamp - <a href="http://www.certchamp.com/pmp-sample-questions.jsp" rel="nofollow" target="_blank">PMP Sample Questions</a> (200 questions)</li><li>The Certification School - <a href="http://thecertschool.com/2015/09/24/pmpproject-management-professional-free-mock-exam/" rel="nofollow" target="_blank">PMP Free Mock Exam</a> (100 questions)</li><li>MyPM<ul><li><a href="http://www.mypmllc.com/project-management-resources/free-pmp-exam-questions/pmp-practice-exam-1/" rel="nofollow" target="_blank">PMP Practice Exam 1 (50 questions)</a></li><li><a href="http://www.mypmllc.com/project-management-resources/free-pmp-exam-questions/pmp-practice-test-exam-2/" rel="nofollow" target="_blank">PMP Practice Exam 2 (25 questions)</a></li><li><a href="http://www.mypmllc.com/project-management-resources/free-pmp-exam-questions/pmp-practice-questions-exam-3/" rel="nofollow" target="_blank">PMP Practice Exam 3 (25 questions)</a></li><li><a href="http://www.mypmllc.com/project-management-resources/free-pmp-exam-questions/pmp-sample-questions-exam-4/" rel="nofollow" target="_blank">PMP Practice Exam 4 (100 questions)</a></li></ul></li><li>Head First Labs - <a href="http://www.headfirstlabs.com/PMP/pmp_exam/v2/quiz.html" rel="nofollow" target="_blank">Free PMP Practice Exam (200 questions)</a></li><li>PMStudy - <a href="http://www.pmstudy.com/PMP-Exam-Resources/chapterTestFramework.asp" rel="nofollow" target="_blank">Free Sample Chapter Test on "Project Management Framework" and "Project Integration Management" (151 questions)</a></li><li>tutorialspoint – <a href="http://www.tutorialspoint.com/pmp-exams/pmp_mock_exams.htm" rel="nofollow" target="_blank">PMP Mock Exam (200 questions)</a></li><li>preparepm.com<br /><ul><li><a href="http://www.preparepm.com/pmp/questions.html" rel="nofollow" target="_blank">PMP Certification - Questions by topic (115 questions)</a></li><li><a href="http://www.preparepm.com/mock1.html" rel="nofollow" target="_blank">PMP Mock Exam 1 (75 questions)</a></li><li><a href="http://www.preparepm.com/mock2.html" rel="nofollow" target="_blank">PMP Mock Exam 2 (28 questions)</a></li></ul></li><li>Threon - <a href="http://www.threon.com/en/pm-academy/pmp-certification-prep-pmi/pmp-test-questions.html" rel="nofollow" target="_blank">PMP Test Questions</a></li><li>Project Management Test Bank - <a href="https://sites.google.com/site/projectmanagementtestbank/Home/pmp-1-20" rel="nofollow" target="_blank">PM Test Bank (480 questions)</a></li><li>PMTraining - <a href="http://www.pmtraining.com/Public/PMPPracticeExams.aspx" rel="nofollow" target="_blank">PMP Exam Demonstration (10 questions)</a></li><li>SimpliLearn - <a href="https://www.simplilearn.com/pmp-exam-prep-free-practice-test" rel="nofollow" target="_blank">Free PMP® Exam Prep Practice Test (200 questions)</a>; <i>You need to provide your name, e-mail id and phone number to start the Practice Test</i></li><li><strike>Voight Project Solutions – Practice PMP Exam</strike> (<span style="color: red;">Removed the link on 13 Oct 2015 as it is not working</span>)</li><li><strike>PMP Links - PMP Practice Exam (200 questions)</strike> (<span style="color: red;">Removed the link on 17 Nov 2017 as it is not working</span>)</li></ol>Remember that PMP is not only Project Mangement Professional, but also stands for Practice Makes Perfect. <br /><br /><div style="background-color: #fff6c9; border-bottom: 3px solid red; border-top: 3px solid red; padding: 3px; text-align: center;">You may also be interested in:<br /><div style="font-size: 140%;"><a href="http://www.justgetpmp.com/2012/04/how-to-pass-pmp-in-first-attempt.html"><b>How to Pass PMP in First Attempt?</b></a></div></div><br /><h3>Disclaimer</h3>I have not tested or reviewed the above links. So, I cannot vouch for the content provided in those links. It is up to the individuals to ensure the relevance and accuracy of the questions. However, we would welcome your feedback on those questions banks which would help other PMP aspirants to choose the better question bank for their exam preparation. <br /><h3><br /></h3><h3>Revision History</h3><ul style="text-align: justify;"><li><i>Nov 17, 2017</i>: Free PMP® Exam Prep Practice Test from SimpliLearn was included; PMP Practice Exam from PMP Links was removed</li><li><i>Dec 31, 2016</i>: 700 Premium PMP exam questions from PMPExamForFree were added</li><li><i>Nov 24, 2016</i>: Free PMP practice exam from GreyCampus was added</li><li><i>Nov 16, 2016</i>: Free PMP practice test from JustPMP was added</li><li><i>Jan 16, 2016</i>: My own PMP exam sample questions (10 questions) were included</li><li><i>Jan 09, 2016</i>: 10 sample questions from PMTraining were included</li><li><i>Jan 08, 2016</i>: 175 Prep Questions from Oliver F. Lehmann and 200 Free PMP Practice Questions from PMP Links were included</li><li><i>Nov 26, 2015</i>: 50 Free PMP/CAPM Sample Questions from BrainBOK were included</li><li><i>Nov 16, 2015</i>: 50 Free PMP Questions from Project Management Academy were included</li><li><i>Nov 14, 2015</i>: PMP Free Practice Test and Earned Value Management (EVM) Quiz from iZenBridge were included</li><li><i>Nov 04, 2015</i>: PMP Sample Questions from CertChamp were included</li><li><i>Oct 29, 2015</i>: PMP Free Mock Exam from The Certification School was included</li><li><i>Oct 13, 2015</i>: PMP Practice Exams from MyPM were included; Practice PMP Exam from Voight Project Solutions was removed</li><li><i>May 28, 2013</i>: First published</li></ul></div></div>Manickavel Arumugamhttp://www.blogger.com/profile/03955831077336895958noreply@blogger.com56tag:blogger.com,1999:blog-7841045035613558472.post-11042387473747323842013-05-27T09:19:00.000-07:002013-11-25T03:22:26.746-08:00Frequently Asked Questions (FAQ): Part 1<div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: justify;"><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-NgNhYML-tGc/UaONZlnxFhI/AAAAAAAABs4/wzbvTfO7BTw/s1600/FAQ.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="PMP - Frequently Asked Questions (FAQ)" border="0" height="164" src="http://2.bp.blogspot.com/-NgNhYML-tGc/UaONZlnxFhI/AAAAAAAABs4/wzbvTfO7BTw/s200/FAQ.png" title="PMP - Frequently Asked Questions (FAQ)" width="200" /></a></div>I get lot of questions from PMP aspirants. Most of them are not related to the PMP content, but generally questions of administrative nature. Several questions were repeated; primarily out of anxiety from candidates.<br /><br />I thought of putting together these questions on PMP examination here. This by no means is a comprehensive list of questions. I would add more questions as I come across them.<br /><br /><h2>Question #1</h2>I got the training of 35 hours in Project Management 2 years back which was conducted by PMI-Chennai chapter and now I am waiting for the PM experience to get completed in mid of this year. Whether I can apply for PMP with this training hours or I have to take a new training?<br /><div class="message_box note">Manick: PMI states that you should have at least 35 contact hours of specific instruction that addressed learning objectives in project management. You are allowed to record all education hours regardless of when they were accrued. The only condition is that the course work should have been completed at the time you submit the application.<br /><br />So, it is not necessary to attend new training. Your previous training would be sufficient, irrespective of the fact that it was two years old.</div><br /><h2>Question #2</h2>I am planning to go for online 35 hours contact training now based on PMBOK 4th edition. However I would like to take the exam on PMBOK 5th edition after 4 to 5 months from now. So my question is the contact hours I gained on PMBOK 4th edition are eligible for taking PMBOK 5th edition exam also?<br /><div class="message_box note">Manick: No problem. You can attend the training program based on PMBOK4; and the same contact hours can be used to take exam based on PMBOK5.<br /><br />PMI requires that the contact hours should address learning objectives in project management. The course hours may include content on project quality, project scope, project schedule, project budget, project communications, project risk, project procurement, and project integration management. It does not state that you have to go through any specific training based on PMBOK only.</div><br /><h2>Question #3</h2>I had taken the PMP 35 PDUs training for PMP 4th edition in Nov 2012, and due to some personal problems I was not able to prepare for this PMP Exam and have not taken yet, i,e till 5th May 2013. Now, I came to know that PMP 4th edition exam last date is 31 July 2013. I have not started preparation for this PMP exam, so can I prepare for this exam within 2 months?<br /><div class="message_box note">Manick: The time required for the exam preparation varies depending on the individual’s learning capability, other work load, the level of training obtained and various other factors. From my own experience, I believe that anything between 6 to 8 weeks should be sufficient for exam preparation. But, you have to dedicate your full attention during this period.<br /><br />I note that there is a long break since you attended the training session. I would suggest you to attend a refresher programme. This should not be a problem since most of the training institutes allow you to attend repeat classes. Please check with your respective training provider.</div><br /><h2>Question #4</h2>I have done my 35 hours PDU and I am in the process of completing my profile. Please advice whether I should take PMP4 exam or PMP5 exam. I just did the 35 hour PDUs last weekend.<br /><div class="message_box note">Manick: We still have about two more months before the exam changes to PMBOK5 (PMP5). You have just enough time to prepare and appear for the exam based on PMBOK4 (PMP4). As such, I would suggest you to go ahead with PMBOK4.<br /><br />Since you have completed the training, its easier for you to study PMBOK4. Moreover, the amount of study material available for PMBOK4 is plenty. To get study materials based on PMBOK5 would take some time. So, I prefer to go ahead with a known devil rather than waiting for the unknown angel.<br /><br />I would strongly suggest PMBOK5 for any one who completes their training after mid-June. Its too difficult to prepare for the exam in less than six weeks.</div><br />I hope the above clarifications would help to cool down some of your anxiety. Do you have any other questions? Please feel free to shoot them. </div></div>Manickavel Arumugamhttp://www.blogger.com/profile/03955831077336895958noreply@blogger.com0tag:blogger.com,1999:blog-7841045035613558472.post-77214036442560446402013-05-25T04:27:00.001-07:002015-11-04T22:35:37.731-08:00How to renew your PMP Credential?<div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: justify;"><div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/-qmZtOpRVGXU/UaCe0X07qnI/AAAAAAAAAto/CTQioEWERdU/s1600/PMP+Renewal+Process.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="PMP Renewal Process" border="0" height="212" src="http://1.bp.blogspot.com/-qmZtOpRVGXU/UaCe0X07qnI/AAAAAAAAAto/CTQioEWERdU/s320/PMP+Renewal+Process.png" title="PMP Renewal Process" width="320" /></a></div>As you may know already, PMP Credential is valid only for three years. And you need to renew your PMP Credential after three years. To renew your PMP Credential, you should have accumulated 60 PDUs in the three years cycle.<br /><br />I reported some time back that I have completed the 60 PDUs accumulation for my PMP renewal. If you are interested, you can see <a href="http://www.justgetpmp.com/2013/01/how-did-i-earn-60-pdus.html">how did I earn 60 PDUs</a>.<br /><br />In this article, I am going to explain step by step how I renewed my PMP Credential.<br /><br /><h2>PMP Renewal Process</h2>1. Go to <a href="https://certification.pmi.org/default.aspx">https://certification.pmi.org/default.aspx</a>.<br />2. Enter the username and password to log in to the system.<br /><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-SSNA2grcWeI/UaCZNi6olrI/AAAAAAAAAtY/iecQEBU9Ej4/s1600/PMP3.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Begin the PMP Renewal Process" border="0" height="35" src="http://3.bp.blogspot.com/-SSNA2grcWeI/UaCZNi6olrI/AAAAAAAAAtY/iecQEBU9Ej4/s320/PMP3.JPG" title="Begin the PMP Renewal Process" width="320" /></a></div><br />3. Click “Begin the renewal process”.<br />4. Agree to the PMI Certification Application/Renewal Agreement.<br />5. Complete the billing address.<br />6. If you have been given a Company Code to pay for this renewal, please enter the company code. If not, select “No, I do not have a company code” and click Next.<br />7. If you have been given a Voucher to pay for this renewal, please enter the voucher number. If not, select “No, I will be paying for this online” and click Next.<br />8. You need to enter your credit card details for the online payment. The PMP credential renewal fee is $60 (U.S.) for PMI members and $150 (U.S.) for non-members.<br /><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-4Hmgxh2sZvU/UaCYzlAoygI/AAAAAAAAAtQ/gC38pJsMVJ8/s1600/PMP4.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="PMP Renewal Fees" border="0" height="78" src="http://4.bp.blogspot.com/-4Hmgxh2sZvU/UaCYzlAoygI/AAAAAAAAAtQ/gC38pJsMVJ8/s320/PMP4.JPG" title="PMP Renewal Fees" width="320" /></a></div><br />9. Finally, review and submit your payment.<br />10. Your application for renewal should be approved. You can print the receipt.<br /><br />And guess what, now, you are a PMP credential holder in good standing for the next three years. What happens next? Start collecting the PDUs for the next renewal ...<br /><br /></div></div>Manickhttp://www.blogger.com/profile/12079682297392808339noreply@blogger.com5tag:blogger.com,1999:blog-7841045035613558472.post-27016724353718056682013-05-19T23:17:00.000-07:002015-11-24T02:10:29.099-08:00Doubt in Conflict Resolution Techniques<div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: justify;">I got the following question from one of the candidates in my PMP training programme. The question relates to "Conflict Resolution Techniques" from Project Human Resources Management. Let us see the question below & our conversation/ discussion regarding the answer:<br /><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-IV5VhMoSXGo/UZm-D68p2iI/AAAAAAAABqY/EHgaRvjB93E/s1600/ConflictResolution.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Conflict Resolution Techniques" border="0" height="182" src="http://4.bp.blogspot.com/-IV5VhMoSXGo/UZm-D68p2iI/AAAAAAAABqY/EHgaRvjB93E/s400/ConflictResolution.png" title="Conflict Resolution Techniques" width="400" /></a></div><br /></div><h3>The Question</h3><div style="text-align: justify;">Choose from the following combinations, the combination that shows the most preferred and the least preferred conflict resolution techniqes:<br /><br />(A) Smoothing, Withdrawal<br />(B) Problem Solving, Withdrawal<br />(C) Confrontation, Forcing<br />(D) Compromising, Forcing</div><br /><div style="background-color: #fff6c9; border-bottom: 3px solid red; border-top: 3px solid red; padding: 3px; text-align: center;">You may also be interested in:<div style="font-size: 140%;"><a href="http://www.justgetpmp.com/2013/04/doubt-in-schedule-network-diagram.html"><b>Doubt in Schedule Network Diagram</b></a></div></div><br /><h3>Discussion on the Answer</h3><div style="text-align: justify;"><i>PMP Aspirant</i>: "Manick, I chose answer (C). But, the correct choice seems to be (B). As per PMI, least preferred is forcing right? I don't understand. Can you please explain?"</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><div class="message_box success"><i>Manick</i>: "The answer is (B). The most preferred conflict resolution technique is problem solving/ confrontation; the least preferred technique is withdrawal.<br /><br />In withdrawal, there is no resolution. You are running away from the solution. Whereas, in Forcing, you have a resolution arbitrarily; through force and power. But, the point is, in Forcing, at least you have some solution whereas in withdrawal the conflict still remains."</div></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><i>PMP Aspirant</i>: "Ya I agree ..but during our class I remember u saying generally withdrawal is least preferred but as per PMI forcing is the last option...so the confusion:("</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><div class="message_box success"><i>Manick</i>: "As per PMI, forcing should be the last resort if other conflict resolution techniques like Confrontation could not work. What it means is, you can use forcing if everything else fails; but, withdrawal should not be used at all. So, in the hierarchy of preference, forcing comes before withdrawal." </div></div><br />Is that clear to you? Are you with me? You can share your opinion or comments for further discussion on this issue.<br /><br /></div>Manickavel Arumugamhttp://www.blogger.com/profile/03955831077336895958noreply@blogger.com2tag:blogger.com,1999:blog-7841045035613558472.post-4466937106726928972013-05-19T00:12:00.002-07:002013-06-13T04:21:43.796-07:00PMP Training Programme - Photos<div dir="ltr" style="text-align: left;" trbidi="on">I am sharing here some more photos of the PMP training programmes conducted by me. All these training programmes were conducted in Chennai, India.<br /><br /><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody><tr><td style="text-align: center;"><a href="http://3.bp.blogspot.com/-OCU7_1nuYIA/UZh2TGX3yLI/AAAAAAAABpw/4YBLTtRQGN8/s1600/Photo0325.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img alt="PMP Training Programme in Chennai" border="0" height="240" src="http://3.bp.blogspot.com/-OCU7_1nuYIA/UZh2TGX3yLI/AAAAAAAABpw/4YBLTtRQGN8/s320/Photo0325.jpg" title="PMP Training Programme in Chennai" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><b>PMP Training Programme in Progress</b></td></tr></tbody></table><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody><tr><td style="text-align: center;"><a href="http://4.bp.blogspot.com/-3B55R9K0qzw/UZh2tX0QQtI/AAAAAAAABp4/1gHsyAGHLqc/s1600/DSC04544.JPG" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img alt="Group Photo of another PMP Team" border="0" height="240" src="http://4.bp.blogspot.com/-3B55R9K0qzw/UZh2tX0QQtI/AAAAAAAABp4/1gHsyAGHLqc/s320/DSC04544.JPG" title="Group Photo of another PMP Team" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><b>Group Photo of another PMP Team</b></td></tr></tbody></table><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody><tr><td style="text-align: center;"><a href="http://1.bp.blogspot.com/-JWREH9N1hYM/UZh3T0SElMI/AAAAAAAABqA/pr0wx_GVoFY/s1600/April+2011_PMP+Training.JPG" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img alt="PMP Training Programme Certification Distribution" border="0" height="307" src="http://1.bp.blogspot.com/-JWREH9N1hYM/UZh3T0SElMI/AAAAAAAABqA/pr0wx_GVoFY/s320/April+2011_PMP+Training.JPG" title="PMP Training Programme Certification Distribution" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><b>PMP Training Programme Certification Distribution</b></td></tr></tbody></table><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody><tr><td style="text-align: center;"><a href="http://4.bp.blogspot.com/-1X_zDIG4m4g/UZh34JznAqI/AAAAAAAABqI/HrBmteXtAkA/s1600/April+2011_PMP+Training+(2).JPG" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img alt="PMP Training Programme Certification Distribution" border="0" height="320" src="http://4.bp.blogspot.com/-1X_zDIG4m4g/UZh34JznAqI/AAAAAAAABqI/HrBmteXtAkA/s320/April+2011_PMP+Training+(2).JPG" title="PMP Training Programme Certification Distribution" width="247" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><b>PMP Training Programme Certification Distribution</b></td></tr></tbody></table></div>Manickavel Arumugamhttp://www.blogger.com/profile/03955831077336895958noreply@blogger.com8tag:blogger.com,1999:blog-7841045035613558472.post-62544855588322783292013-05-15T11:00:00.003-07:002013-06-13T04:21:43.800-07:00PMP Training Programme - Photos<div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: justify;">Thought of sharing some photos taken during one of my PMP training programmes. The photos displayed below were taken during the PMP training programme conducted in Chennai, India. I conducted the PMP training programme for 4 days between 31 January and 3 February 2013.</div><div style="text-align: justify;"><br /></div><table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody><tr><td style="text-align: center;"><a href="http://4.bp.blogspot.com/-iNkBVgojpZk/UZPHOzwP9FI/AAAAAAAABn0/uYCw4b6wUAw/s1600/20130131_144102.jpg" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img alt="PMP Training Programme in Chennai" border="0" height="300" src="http://4.bp.blogspot.com/-iNkBVgojpZk/UZPHOzwP9FI/AAAAAAAABn0/uYCw4b6wUAw/s400/20130131_144102.jpg" title="PMP Training Programme in Chennai" width="400" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><b><span style="font-size: small;">PMP Training Programme in Progress</span></b></td></tr></tbody></table><div class="separator" style="clear: both; text-align: center;"><br /></div><table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody><tr><td style="text-align: center;"><a href="http://4.bp.blogspot.com/-B0KGCRA5CCg/UZPHvX3qxyI/AAAAAAAABn8/n1WCiZvmXuI/s1600/20130203_160127.jpg" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img alt="PMP Training Programme - Group Photo" border="0" height="300" src="http://4.bp.blogspot.com/-B0KGCRA5CCg/UZPHvX3qxyI/AAAAAAAABn8/n1WCiZvmXuI/s400/20130203_160127.jpg" title="PMP Training Programme - Group Photo" width="400" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><b><span style="font-size: small;">PMP Aspirants with me</span></b></td></tr></tbody></table><div class="separator" style="clear: both; text-align: center;"><br /></div><table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody><tr><td style="text-align: center;"><a href="http://4.bp.blogspot.com/--7V7ID206TM/UZPIBk4OxEI/AAAAAAAABoE/-t8nAKCYdnU/s1600/20130203_160020.jpg" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img alt="PMP Training Programme - Certificate Distribution" border="0" height="300" src="http://4.bp.blogspot.com/--7V7ID206TM/UZPIBk4OxEI/AAAAAAAABoE/-t8nAKCYdnU/s400/20130203_160020.jpg" title="PMP Training Programme - Certificate Distribution" width="400" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><b><span style="font-size: small;">Certificate Distribution</span></b></td></tr></tbody></table><div class="separator" style="clear: both; text-align: center;"><br /></div><table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody><tr><td style="text-align: center;"><a href="http://2.bp.blogspot.com/-40jLZy9j7oE/UZPIYBUcK4I/AAAAAAAABoM/SJUIyQh5H7k/s1600/20130203_160104.jpg" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img alt="PMP Training Programme - Certificate Distribution" border="0" height="300" src="http://2.bp.blogspot.com/-40jLZy9j7oE/UZPIYBUcK4I/AAAAAAAABoM/SJUIyQh5H7k/s400/20130203_160104.jpg" title="PMP Training Programme - Certificate Distribution" width="400" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><b><span style="font-size: small;">Certificate Distribution<br /></span></b></td></tr></tbody></table></div>Manickavel Arumugamhttp://www.blogger.com/profile/03955831077336895958noreply@blogger.com4tag:blogger.com,1999:blog-7841045035613558472.post-48384563258870726202013-04-04T21:58:00.002-07:002015-11-24T10:16:55.131-08:00Doubt in Estimate At Completion (EAC) Calculations<div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: justify;">Today, I got a question from our friend, PMP aspirant. He wanted me to explain the answer to the PMP question. He said that his answer is not matching the right answer given. The question is given below:</div><blockquote class="tr_bq"><div style="text-align: justify;">You are the project manager of a $5 billion dollar construction project. Your project is doing extremely well in terms of cost performance, which is indicated by the Cost Performance Index value of 1.25. But, you have reasons to believe that the current variances were due to extraneous factors, and you do not expect similar variances to occur in future. The original estimated budget at completion is $250,000. What should be the estimate at completion (EAC) for your project if AC = $ 100,000 and EV = $ 125,000?</div></blockquote><div style="text-align: justify;">OK, before going into the question, I would like to explain the various ways of calculating the Estimate At Completion (EAC). There are three different scenarios you will encounter in the EAC calculations. They are:</div><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-4haTzIVJpC0/UV5Y29s34DI/AAAAAAAABmA/zQD7YP4fET0/s1600/EstimateAtCompletion.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="274" src="http://4.bp.blogspot.com/-4haTzIVJpC0/UV5Y29s34DI/AAAAAAAABmA/zQD7YP4fET0/s320/EstimateAtCompletion.png" width="320" /></a></div><br /><b>1. Current project performance is typical; you expect the project to perform similarly till end of the project</b><br /><blockquote class="tr_bq">EAC = BAC/ CPI</blockquote><div style="text-align: justify;">Let me give you an example. Say, your original budget is $1000. The actual cost as of now is $200, but the earned value is only $100. It means that you are spending $2 for every $1 of work. So, if the same performance continues till end of the project, you would be spending $2000 instead of $1000.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">In terms of calculations, CPI = EV/ AC = 100/200 = 0.5</div><div style="text-align: justify;">So, your EAC = BAC/ CPI = 1000/0.5 = $2000</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><b>2. Current project performance is atypical; you expect the project to perform to original expectation from now on.</b></div><blockquote class="tr_bq">EAC = AC + (BAC-EV)</blockquote><div style="text-align: justify;">Let us use the above example in case 1. You have spent $200 so far for an earned value of $100. So, you still have $900 (BAC-EV = $1000-$100) worth of work to be completed. Since you are expected to fall back in line with the original estimate, you need only $900 to complete the project from now on. Add the amount you have already spent on the project ($200).</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">So, EAC = 200 + (1000-100) = $1100</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><b>3. You need to complete the project in time, irrespective of what has happened so far.</b></div><blockquote class="tr_bq">EAC= AC + (BAC-EV) / (SPI * CPI)</blockquote><div style="text-align: justify;">Let us again use the example from case 1. You have spent $200 so far for an earned value of $100. But, as per schedule, you should have completed $400 value of work.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">So, PV = $400, EV = $100, AC = $200<br />SPI = EV/PV = 100/400 = 0.25<br />CPI = EV/AC = 100/200 = 0.50<br /><br /><strike>EAC = 200 + (1000-100)/(0.25*0.75) = $5000.</strike></div><div style="text-align: justify;"><br />EAC = 200 + (1000-100)/(0.25*0.50) = $7400.<br /><br /></div><div style="text-align: justify;">The revised estimate now is too high compared to the original estimate; this is because of the very slow progress (SPI =0.25). You may have to spend more money (using schedule compression techniques) to bring back the project on schedule.</div><br /><div style="background-color: #fff6c9; border-bottom: 3px solid red; border-top: 3px solid red; padding: 3px; text-align: center;">You may also be interested in:<div style="font-size: 140%;"><a href="http://www.justgetpmp.com/2013/05/doubt-in-conflict-resolution-techniques.html"><b>Doubt in Conflict Resolution Techniques</b></a></div></div><br /><h3>Solution to the given problem</h3><div style="text-align: justify;">I hope you understand the different scenarios given here. Now, let me come back to the question sent by our friend, PMP Aspirant. The project manager believes that the current variances are not typical and does not expect similar variances to occur in the future. The scenario given falls under case 2. So, let us the relevant formula to compute the EAC value.<br /><br /><blockquote>EAC = AC + (BAC-EV)</blockquote><span style="text-align: left;">In the given problem, AC = $100,000; BAC = $250,000; EV = $125,000</span></div><br /><div style="text-align: justify;">EAC = 100000 + (250000-125000) = $225000<br /><br />Is that clear? Do you still have any doubts? Please feel free to share your thoughts. If you need help on any other problem, I would be glad to help.</div></div>Manickavel Arumugamhttp://www.blogger.com/profile/03955831077336895958noreply@blogger.com4