Tuesday, November 27, 2012

Questions on Project HR Management


perparepm is thankful to Neeraj Kanojia for providing these questions.

  1. Which of the following Enterprise Environmental factors is NOT a relevant input for Human Resource Planning process:
    1. Hiring Freeze
    2. Supervisor-subordinate relationships
    3. Technical competencies of project staff
    4. Individual goals and agendas of project stakeholders
    5. Reduced Training Funds
    6. Organizational Chart Tempates

  2. Which of the following is the most important element of Project Management Plan that is useful in HR Planning process:
    1. Risk Management activities
    2. Quality Assurance activities
    3. Activity Resource requirements
    4. Budget Control activities

  3. All of the following can be used to document team member roles and responsibilities EXCEPT:
    1. Hierarchical-type Organizational Chart
    2. Matrix-based Responsibility Chart
    3. Text-oriented Format
    4. Functional Chart

  4. Resource Breakdown Structure is an example of:
    1. Hierarchical-type Organizational Chart
    2. Responsibility Assignment Matrix
    3. Text-oriented Format
    4. Functional Chart

  5. Which of the following types of Organizational Charts can be BEST used to track project costs :
    1. Hierarchical-type Organizational Chart
    2. Organizational Breakdown Structure
    3. Resource Breakdown Structure
    4. Responsibility Assignment Matrix

  6. Which of the following is not true for a Responsibility Assignment Matrix (RAM):
    1. Defines what project team is responsible for each WBS component
    2. Defines what project member is responsible for each activity
    3. Text description of roles, responsibilities, authorities
    4. Defines all people associated with each activity

  7. Competencies developed as a result of project performance appraisals conducted during the controlling process of project management are an example of:
    1. Unplanned Training
    2. Planned Training
    3. Project Performance Measurement output
    4. Recognition and Rewards

  8. War room creation during project deployment phase is an example of:
    1. Team Building activity
    2. Establishing Ground Rules
    3. Co-Location
    4. General Management Skills

  9. Building a virtual team for a project will limit the usability of which of the following tools and techniques for Team Development:
    1. Team Building
    2. Establishing Ground Rules
    3. Co-Location
    4. Reward and Recognitions

Answers

  1. F. A & E are examples of constraints placed upon the project by current organizations policies and fall in the domain of Enterprise Environmental factor. B, C & D are valid Enterprise Environmental factor. F is actually an element of Organizational Process Asset (not Enterprise Environmental factor).
  2. C. Activity Resource requirements is a primary input to HR Planning. It is used to determine the human resource needs of the project.
  3. D. Functional Chart is not listed in PMBOK as a type of Organizational Chart
  4. A
  5. C. A RBS can be aligned with Organization’s accounting system

  6. C.
  7. A
  8. C
  9. C

Questions on Project Cost Management


perparepm is thankful to Neeraj Kanojia for providing these questions.

  1. Reserve Analysis a technique NOT used in:
    1. Cost Estimate Costs
    2. Determine Budget
    3. Control Costs
    4. Estimate Activity Duration

  2. A Project with a total funding of $100,000 finished with a BAC value of $95,000. What term can BEST describe the difference of $5,000?
    1. Cost Variance
    2. Management Overhead
    3. Management Contingency Reserve
    4. Schedule Variance

  3. Project Cost Management Plan is created as a part of:
    1. Develop Project Management Plan process
    2. Estimate Costs process
    3. Determine Budget process
    4. Control Costs process

  4. A particular project in the domain of civil construction requires that every on-site worker be insured. Which of the following inputs BEST conveys this requirement to the Estimate Costs process so that the insurance cost is estimated and subsequently budgeted:
    1. Enterprise Environmental Factor
    2. Organizational Process Assets
    3. Project Scope Statement
    4. Project Management Plan

  5. _____________ is not a part of the project cost baseline but is included in the project budget:
    1. Activity Cost Contingency Reserve
    2. Management Contingency Reserve
    3. Management Overheads
    4. Project Management Planing

  6. ___________ is not part of the Earned Value calculations.
    1. Known Unknowns
    2. Unknown Unknowns
    3. Project Budget
    4. Amount of work completed

  7. What is the BEST way to make an accurate forecasting of ETC?
    1. Manual Forecasting of cost of remaining work.
    2. BAC – EV
    3. (BAC – EV)/CPI
    4. EAC - AC

  8. If the Earned Value is equal to Actual Cost, it means:
    1. Project is on budget and on schedule
    2. Schedule Variance Index is 1
    3. There is no schedule variance
    4. There is no cost variance

  9. Trend Analysis is BEST described as:
    1. Analyzing performance of similar projects over time
    2. Examining project performance over time
    3. Calculating Earned Value
    4. Calculating Cost Variance

  10. Which of the following is not done as part of Performance Measurements?
    1. Calculating Planned Value
    2. Calculating Earned Value
    3. Calculating ETC
    4. Calculating Cost Variance

  11. Management Contingency Reserve is identified in which process:
    1. Estimate Activity Duration
    2. Estimate Costs
    3. Determine Budget
    4. Estimate Activity Resources

  12. Project Cost Management Plan is created as a part of:
    1. Develop Project Management Plan process
    2. Estimate Cost process
    3. Determine Budget process
    4. Control Cost process

  13. A particular project in the domain of civil construction requires that every on-site worker be insured. Which of the following inputs BEST conveys this requirement to the Cost Estimation process so that the insurance cost is estimated and subsequently budgeted?
    1. Enterprise Environmental Factor
    2. Organizational Process Assets
    3. Project Scope Statement
    4. Project Management Plan

  14. Analogous Cost Estimating is
    1. Generally Accurate
    2. Generally less accurate
    3. Uses statistical relationship between historical data and other variables
    4. Bottom-up estimating

  15. Which is NOT true about Analogous Cost Estimating
    1. Uses Expert Judgment
    2. Used when reference projects are similar
    3. Does not require high expertise on part of estimators as estimates are based on previous projects
    4. Useful in early phases of the project

Answers

  1. C
  2. C. At completion the BAC represents the revised Cost baseline for the project. Management reserves are not part of the cost baselines but they are part of the Project Funding requirements. Therefore the difference between the Cost Baseline and Funding requirement at Project completion is Management Contingency Reserve.
  3. A
  4. C
  5. B

  6. B
  7. A
  8. D. EV – AC = Cost Variance. Therefore if EV = AC, the Cost Variance is zero (i.e. Project is on budget (but not necessarily on schedule, as there is not enough information on schedule variance)
  9. B
  10. B

  11. C
  12. A. Note that there is no separate process in the Project Cost Estimation knowledge area to develop a cost management plan.
  13. C. Project Scope Statement usually contains assumptions and constraints.
  14. B
  15. C

Questions on Project Communication Management


  1. The process of Manage Stakeholders Expectations is part of which process group?
    1. Planning
    2. Monitoring and Control
    3. Executing
    4. Initiating

  2. The project you are managing has nine stakeholders. How many channel of communications are there between these stakeholders?
    1. 9
    2. 8
    3. 45
    4. 36

  3. Which of the following is not an example of formal communication?
    1. Contract
    2. email
    3. Project status report
    4. Status meeting

  4. Which of the following process is not included in project communication knowledge area?
    1. Documenting Project Closure
    2. Plam Communications
    3. Distribute Information
    4. Managing Stakeholder Expectations

Answers

  1. c. Manage Stakeholder Expectations is part of executing process group.
  2. d. There will be (9*8)/2 channel of communication.
  3. b. Communication via email is not considered a formal communication.
  4. a. Document Project Closure is not a process in Project communication knowledge area.

Project Management and Office Software


preparepm has reviews for the market leading software products in the area of Project Management and office. 

Project Management Software

Tracking project progress
Microsoft Project Standard 2007 is the leading project management software. It allows you to first create a project plan with tasks, their dependencies and duration, and then allows you to assign resources to these tasks. The software can then be used to track progress against this defined plan. 
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Drawing figures
Microsoft Visio Standard 2007 allows you to draw figures and flowcharts. Visio has features to create shapes and dependencies between them. These figures can then be imported into Powerpoint or Word. 
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General office Software

Leading home office product
Microsoft Office Home and Student 2007 includes the latest version of Microsoft Excel, PowerPoint and Word. All these products are market leaders, and do not need much description. There is also a Mac verion of office. If you have your own small business that you operate, then you may need Microsoft office Professional full version.
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Sending emails
Microsoft Outlook 2007 is the market leading email product with tools to track tasks and calendar for managing appointments. The interface is easy to use. The only negative being the relatively high price of $110.
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Protecting your computers from viruses
Norton Internet Security 2009 is quite easily the best product for detecting and removing viruses, Trojans and Internet worms. It is a good investment if you do not have any virus detection software.
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Financial Accounting
Quickbook Pro 2009 is the leading accounting software with features like paying salaries, invoicing, bill tracking, and check-writing.
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Changes in fourth edition of PMBOK


Project Management Book of Knowledge (PMBOK) is widely recognized as the leading resource on Project Management. The PMBOK is published by PMI. PMIs PMP certification is based on the PMBOK. A new version of PMBOK is published every four years. The Fourth Edition of PMBOK was published in December 2008. PMIs PMP certification is based on the Fourth Edition of PMBOK from July 1st 2009. This article gives an overview of the changes introduced in the Fourth Edition of PMBOK.
The formal scope statement of PMBOK Guide - Fourth Edition states "Any necessary work to make the standard more accurate, up to date, relevant, clear, concise, and easy to understand and implement. This may include the re-organization of content, additional content, refinement of content, or deletion of content."
  In a nutshell the changes in Fourth Edition are relatively small (compared to changes in earlier editions). One of the main theme of the Fourth Edition is to make the PMBOK more consistent. For example process description at various places is consistent. The new guide also reflects recent changes in Project Management usage in the industry.
  In the Third Edition, Project Management Plan was kind of an all-inclusive document. In real projects there are many other artifacts that are created during a project life cycle. These project dcuments have been clearly differentiated in the Fourth Edition. Specific examples of project documents are Sellers List, Assuption log and Milestone list.
  Another step in making the standard consistent is that all process names are now in the verb-noun format. For example the process Scope Planning is names as Define Scope. Almost all the processes have been renamed to ensure this naming convention.
Process Changes
There are no changes in the nine knowledge areas. However there are important changes at the process level. Two processes have been deleted. These are -
  1. Develop Preliminary Scope Statement in the Project Integration Management knowledge area.
  2. Scope Planning in the Project Scope Management knowledge area.
  Two new processes have been added. These are -
  1. Collect Requirements in the Project Scope Management knowledge area.
  2. Identify Stakeholders in the Project Communication Management knowledge area.
Other than this Manage Project Team in Project HR Management process  area is changed from a controlling process group to an executing process group. Manage Stakeholders in Project Communication Management knowledge area is renamed to Manage Stakeholders Expectations, and is changed from a controlling process group to an executing process group. 
  In the Project Procurement Management process area two processes "Plan Purchases and Acquisitions" and "Plan Contracting" are merged into a single process called Plan Procurements. Also in the Project Procurement Management process area two processes "Request Seller Responses" and "Select Sellers" are merged into a single process called Conduct Procurements. Over all there are now 42 processes instead of 44in the Third Edition.
Another significant change is that a new appendix on project management people skills have been added.
To summarize the Fourth Edition of PMBOK does not make significant changes in key concepts. However it does make definitions and naming conventions consistent through out the book.

PMP Certification books


Among the many books available in the market for PMP, preparepm has reviews for the best ones here. 

The bible
A Guide to the Project Management Body of Knowledge (PMBOK Guide) -- 2008 Edition 
PMBOK is the main resource on which the exam is based. When you become a member of PMI, you will be able to access the PMBOK online on PMIs site. If you prefer to read from a book rather than your monitor, then you may have to buy it. Most people find the PMBOK a little boring to read though. The fourth edition of PMBOK was launched in Dec 2008. From July 1st 2009 onwards, the exam is based on the fourth edition.
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Most Popular
PMP Exam Prep (6th Edition) by Rita Mulcahy is the most popular book. It is written as a companion book to the PMBOK. It clearly focuses on what you need to know from PMBOK and otherwise, to clear the exam. It provides very good tips on what kind of concepts to focus on and what kind of questions to expect. It is not the best book to learn the discipline of Project Management, though it is probably the best book to prepare for the exam.
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Other Excellent PMP certification books

The PMP Exam : How to Pass On Your First Try by Andy Crowe is another very good book. The book covers the key concepts in clear language. If you find the PMBOK too dense and difficult to understand, then this book can suffice as your primary preparation material for the exam.
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Head First PMP: A Brain-Friendly Guide to Passing the Project Management Professional Exam by Andrew Stellman and Jennifer Greene presents Project Management concepts in a light and interesting fashion.
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PMP: Project Management Professional Study Guide by Kim Heldman is an extremely good book. The book is very comprehensive and has good practice questions.
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PMP Project Management Professional Study Guide (Certification Press) by Joseph Philips. The book covers all the things you need for the exam. It is very comprehensive, and one does not even need to read the PMBOK much after reading this book.
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Flash Cards
Hot Topics Flashcards for Passing the Pmp Exam: Hot Topics Flashcards by Rita Mulcahy. Some people find it beneficial to use the flash cards to revise key concepts. It is available in both audio and hard copy format. You will need one of the above books, in addition to the flash cards though.
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Other PMP Certification sites



There is vast material available on the net related to PMP certification. Here I will point you to some of the better web sites available on the PMP certification site.

Free Mock exams for PMP

PMI provides a small sample exam. Projects@Work have a getting started article on PMP with 10 mock exam questions.
Oliver Lehmann has a very good mock exam consisting of 175 questions.
tutorialspoint has a free tutorial and two mock exams on PMP certification.
Indi Career has a PMP question set of 160 questions.
GoCertify offer free demo mock exam comprising of 12 questions.
pm-prepare has ten free sample questions.
Certgear offers sample questions for PMP.
PMTI offers a FREE sample online test for prospective PMP Exam test-takers.
Exam Cram has excerpts of PMP certification book including key concepts and test preparation question.
Carl Stumpf has a free tutorial for the PMP exam.

Commercial Exam simulators

PM PrepCast contains video and audio lessons for PMP certification. There are 112 lessons with a total of 47 hours. These can be downloaded on an iPod or a computer. The lessons help you understand the concepts instead of memorizing them. For a limited period PM PrepCast is prized at $99.97. It also offer 35 contact hours.
PM Prepcast is offering eFlashCards for $29.99. There are 1,750 cards in the set. These are for both PMP and CAPM exams. They are based on PMBOK Guide 4th Edition standard. eFlashCards can be used on "any" modern device like iPod, iPhone, Blackberry
pmpexamsimulator offers a commercial mock exam with 8000 Questions, with unlimited use on multiple computers for $49.95.
PMP Links is a popular exam simulator that offers one free mock exam consisting of 200 questions.
PM FASTrack: PMP exam simulation software, Version 5 by famous author Rita Mulcahy comprising of 1300 questions.
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premiumcast offers a Exam Formula Study Guide for $29.97 . PMP certification has quite a few questions on mathematical formulae. This software ensures that you are prepared for these type of questions.
PMPerfect offers over 800 exceptionally realistic PMP exam practice questions, including 14 condensed PMP mock exams, ten practice tests, and personalized performance reporting - all for $49.
PMI offers a mock exam of 200 questions for $25. Since it is from PMI, it is from the most authentic source.

PMP exam training

pmtestprep offers comprehensive nine module video training with 2000 Practice Problems for $49.95.
North Eastern Indiana chapter offers internet courses for PMP and CAPM.
Pinnacle 3 Learning offers 4 day Instructor led classes, M-F or Th-Su, for PMP certification.
Rita Mulcahy offers two day training courses for $1250 that help you prepare for the PMP exam. Her sessions have been going on for many years, and she has a very good reputation.
Westney offers a five day course costing $1795. The course includes training handbook, PMBOK and PMP Exam Practise Test and Study guide.
Point Advantage offers a 3-day certification training class for $1,495.00
PM Mentors offer a five day workshop on certification for $800.
4PM has an online training for $800.
IIL offers a 7 day comprehensive course on PMP for $2895.
htinstitute offer a 5 day training for $2500.
Cheetah Learning offers a five day training program for PMP certification.
4PMTI offer a two day and a four day training course for PMP certification.

Project Management sites

Virtual Project Communication is a blog by Jim Carras focused on project communications and stakeholder management during the project timeline.
pmwidget provides tools for validating Microsoft Project plans.
Alex Brown has written many interesting articles on Project Management.
Chemutri consultants provide tools that help in preparing estimates for software development.

PMP message boards

PMPCert is a popular discussion forum for candidates preparing for PMP certification. It has lots of tips and links on PMP certification exam.

PMI chapters

PMI has chapters all over the World that facilitate preparation of PMP. A list of some of these is given below -
Central Virginia chapter
Central Illionois chapter
Orange County chapter
Michigan chapter
Chennai chapter
Mumbai chapter
Central Virginia chapter
Hampton Road chapter

Other Project Management Certification

PrinceTwo offers its own Project Management methodology, training and certification. It is more popular in UK.
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