April 5th Batch| Mr Kumar

Discussion in 'PMP' started by Mukesh Sahu, Apr 7, 2019.

  1. Mukesh Sahu

    Mukesh Sahu Moderator
    Simplilearn Support

    Joined:
    Feb 2, 2011
    Messages:
    850
    Likes Received:
    84
    Kindly use this thread to post.
     
    #1
  2. _15506

    _15506 New Member

    Joined:
    Nov 11, 2017
    Messages:
    1
    Likes Received:
    0
    thank
     
    #2
  3. Sahil Mahajan_1

    Sahil Mahajan_1 Well-Known Member

    Joined:
    Apr 3, 2019
    Messages:
    65
    Likes Received:
    17
    Hi All,

    Anyone refering to Rita's book? If so, what are your views about it? How are you planning to finish it along/post the course?

    Regards,
    Sahil
     
    #3
  4. Ruchira Srivastava

    Joined:
    Apr 3, 2019
    Messages:
    7
    Likes Received:
    0
    Please help me with this question (attached)
    This is ques 7, project i tegration management quiz.
    I am unable to understand the answer and its explanation.
     

    Attached Files:

    #4
  5. Moghul.

    Moghul. Well-Known Member
    Alumni

    Joined:
    Oct 19, 2016
    Messages:
    914
    Likes Received:
    38
    Trainer will look into this and assist you better
     
    #5
  6. NAM TRAN NGUYEN

    NAM TRAN NGUYEN Well-Known Member

    Joined:
    Apr 12, 2018
    Messages:
    71
    Likes Received:
    10
    B. It is implemented, so D is not applicable. You cannot undo what he did.
     
    #6
  7. Moghul.

    Moghul. Well-Known Member
    Alumni

    Joined:
    Oct 19, 2016
    Messages:
    914
    Likes Received:
    38
    agreed, Trainer will assist you better.
     
    #7
  8. tim jerome

    tim jerome Well-Known Member
    Trainer

    Joined:
    May 15, 2015
    Messages:
    2,143
    Likes Received:
    640
    B is correct. To add to D's discrediting above consider the fact that you don't know yet whether the change is good or bad, so you need to analyze before you undo anything.
     
    #8
  9. Sahil Mahajan_1

    Sahil Mahajan_1 Well-Known Member

    Joined:
    Apr 3, 2019
    Messages:
    65
    Likes Received:
    17
    As per headfirst, there are multiple ways to calculate EAC but EAC = BAC/CPI is sufficient for exam. Is it true?
     
    #9
  10. tim jerome

    tim jerome Well-Known Member
    Trainer

    Joined:
    May 15, 2015
    Messages:
    2,143
    Likes Received:
    640
    Start with 2 options -

    EAC = BAC/CPI,
    and
    EAC = AC+(BAC-EV).

    The first assumes the current or aggregate CPI is to be the rule moving forward, and the second assumes A CPI of 1 (we get back on plan, or the initial CPI) is to be the rule moving forward. If you translate the formulas into a logical phrase, you'll see the assumptions.

    These are the fundamentals.
     
    #10
  11. Sahil Mahajan_1

    Sahil Mahajan_1 Well-Known Member

    Joined:
    Apr 3, 2019
    Messages:
    65
    Likes Received:
    17
    Thank you Tim!
     
    #11
  12. Sahil Mahajan_1

    Sahil Mahajan_1 Well-Known Member

    Joined:
    Apr 3, 2019
    Messages:
    65
    Likes Received:
    17
    Please help me understand how option B below is justified as one of the correct answers. Here PV > EV means we wanted more to be achieved than we currently have. Shouldn't this rather be an underestimation of the planned time?

    A Project Manager is working on a highly visible project in an organization and is most concerned about project performance and progress. His cost variance is currently $150 and schedule variance percentage is -15%. Which of the following statements about the cost and schedule performance of the project is INCORRECT?
    SELECT THE CORRECT ANSWER
    A. The project has spent more money on work accomplished than planned
    B. You have overestimated the amount of time needed to complete the project
    C. The Project has faced some unplanned or planned setbacks that have affected the schedule
    D. The project is doing favorably cost-wise but is lagging behind in schedule
    Correct Option:A
    EXPLANATION
    Since cost variance for the project is positive, it means that Earned Value > Planned value; hence, the project has achieved more than planned in terms of cost. However, the negative value of the schedule variance percentage denotes that the project is lagging in terms of planned schedule objectives. Schedule Variance % is defined as = (Earned Value - Planned value)/Planned Value. This could be due to overestimation (Option B) or an unplanned activity affecting the schedule (Option C). (Option D) is also correct statement as discussed above.
     
    #12
  13. Moghul.

    Moghul. Well-Known Member
    Alumni

    Joined:
    Oct 19, 2016
    Messages:
    914
    Likes Received:
    38
    Trainer will look into this and assist you better.
     
    #13
  14. Sahil Mahajan_1

    Sahil Mahajan_1 Well-Known Member

    Joined:
    Apr 3, 2019
    Messages:
    65
    Likes Received:
    17
    Appreciate if this could be answered please.
     
    #14
  15. Arvind Shekhar

    Arvind Shekhar Well-Known Member

    Joined:
    Mar 21, 2018
    Messages:
    226
    Likes Received:
    80
    Hi
    lets translate statement in simple words

    CV = $150 means EV is > AC Under budget spent less money , favourable.

    SV -15% means behind schedule.

    Option A statement says Spent more money (X) No we have spent less money

    B and C could be but can not be ascertained definitively from given data / statement

    D The project is doing favorably cost-wise but is lagging behind in schedule ( Yes it is correct)

    option A is incorrect statement.

    Arvind
     
    #15
    Sahil Mahajan_1 likes this.
  16. Arvind Shekhar

    Arvind Shekhar Well-Known Member

    Joined:
    Mar 21, 2018
    Messages:
    226
    Likes Received:
    80
    Pl see PMBOK 267 that is what is called sufficient.

    Arvind
     
    #16
  17. Sahil Mahajan_1

    Sahil Mahajan_1 Well-Known Member

    Joined:
    Apr 3, 2019
    Messages:
    65
    Likes Received:
    17
    Thank you! Need to correct this in the simulation exam.
     
    #17

Share This Page