Hello Amit, On Project Budget Component diagram (PMBOK 6 - page 255), I don’t understand why contingency reserve is added twice. First on activity cost estimates and then on work package cost estimates.
Hi, the questions is not asking how you will recognise but what will you do first, in order to recognise. Understanding of sequence of activities is tested in this questions
Hi, most of the times, there are no ideal answers. As it depends on the situation... Typically in order to plan anything, you first decide the strategy, based on which plans are created. So, it may be deciding the strategy or looking at OPAs to learn about what org has to say about performance management
@@edzest A project is developing a product where the time to market is critical. During the execution phase, the client submits a change request to include the latest technology that will enhance the product features and provide a competitive advantage. The change will impact the project constraints, but the benefits outweigh the cost and effort. What should the project manager do next? A. Adopt an incremental delivery approach and release essential features of the product into the market first to counter competition. B. Start a separate project to adopt the new technology incrementally to enhance the product features as the technology matures. C. Perform an integrated change control process and review the project constraints to effectively manage the enhanced scope. D. Close the current project and start a new project with an incremental delivery approach. Solution: A. Adopt an incremental delivery approach and release essential features of the product into the market first to counter competition. Adopt an incremental delivery approach: Referencing Effective Project Management, How is A the correct answer . This is from pmi study hall . C should be the answer how without an integrated change control incremental delivery approach can be adopted in a running project ?
There are three procedure for pmi audit 1. Degree certificate upload 2. 35 hrs pdus verification 3.note to reference. I have a doubt should i upload work experience certificate from company? Then what i want to write on "note to reference" Where i will give my PM email id and contact number. Is this required to upload work experience? Because they didn't ask to upload work experience certificate Kindly clear.
Hi, you don't need to upload work experience. You will only need to add details of a contact person who can verify whatever you have written in the application, as project experience.
So informative, But I personally liked the flow of the first video of this series, while explaining the answers and after that referencing the question to the ECO task and its enablers, I will recommend to keep that flow often, Thanks for uploading.
Hello Amit, On Project Budget Component diagram (PMBOK 6 - page 255), I don’t understand why contingency reserve is added twice. First on activity cost estimates and then on work package cost estimates.
Hi, please refer to PMBOK 7th edition. They have updated the reserves part.
@@edzest Thanks Amit!
@@kalkidanwudnehe you're welcome. :)
Q4. How option A is recognizing a high performance ?
Hi, the questions is not asking how you will recognise but what will you do first, in order to recognise.
Understanding of sequence of activities is tested in this questions
Q3 . C was the best of 4 options. Ideally what should have been the next step of project manager in this scenario ?
Hi, most of the times, there are no ideal answers. As it depends on the situation... Typically in order to plan anything, you first decide the strategy, based on which plans are created.
So, it may be deciding the strategy or looking at OPAs to learn about what org has to say about performance management
@@edzest A project is developing a product where the time to market is critical. During the execution phase, the client submits a change request to include the latest technology that will enhance the product features and provide a competitive advantage. The change will impact the project constraints, but the benefits outweigh the cost and effort.
What should the project manager do next?
A. Adopt an incremental delivery approach and release essential features of the product into the market first to counter competition.
B. Start a separate project to adopt the new technology incrementally to enhance the product features as the technology matures.
C. Perform an integrated change control process and review the project constraints to effectively manage the enhanced scope.
D. Close the current project and start a new project with an incremental delivery approach.
Solution: A. Adopt an incremental delivery approach and release essential features of the product into the market first to counter competition.
Adopt an incremental delivery approach: Referencing Effective Project Management,
How is A the correct answer . This is from pmi study hall . C should be the answer how without an integrated change control incremental delivery approach can be adopted in a running project ?
There are three procedure for pmi audit
1. Degree certificate upload
2. 35 hrs pdus verification
3.note to reference.
I have a doubt should i upload work experience certificate from company?
Then what i want to write on "note to reference"
Where i will give my PM email id and contact number.
Is this required to upload work experience? Because they didn't ask to upload work experience certificate
Kindly clear.
Hi, you don't need to upload work experience. You will only need to add details of a contact person who can verify whatever you have written in the application, as project experience.
So informative, But I personally liked the flow of the first video of this series, while explaining the answers and after that referencing the question to the ECO task and its enablers, I will recommend to keep that flow often, Thanks for uploading.
Hi Qudratullah, thanks a lot for your feedback. We were thinking about it... Now that you have spoken about it . We will do it. Thanks again buddy.
Thanks Amit!!
Welcome buddy.