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Hi All,
Are you an aspiring PMP? Learn why PMP means Practice Makes Perfect here: http://bit.ly/kIPv89
It's a quick video of the QUIZ feature.
Learn and enjoy!
Until next time,
Cornelius Fichtner, PMP
The Project Management PrepCast™ - http://www.project-management-prepcast.com
The Project Management Podcast™ - http://www.project-management-podcast.com
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The following PMP® exam sample question is taken from The Free PMP Exam Simulator at http://free.pm-exam-simulator.com - The answer is at the very bottom:
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Which document will you refer to if you are unable to understand some component of
the WBS?
A) The Project Charter
B) The Scope Statement
C) WBS Dictionary
D) Statement of Work
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All our questions are updated to the latest PMBOK® Guide standard. Stop by at http://free.pm-exam-simulator.com and try The PMP Exam Simulator free for 3 days. We also offer 110 free questions at http://www.free-pm-exam-questions.com. We are a PMI Registered Education Provider.
Until next time,
Cornelius Fichtner, PMP
The Project Management PrepCast™ - http://www.project-management-prepcast.com
The Project Management Podcast™ - http://www.project-management-podcast.com
The Correct Answer is C
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There are two separate components within Cost of Quality (COQ). We looked at the Cost of Conformance in our last tip and this time we’ll focus on the Cost of Nonconformance. The Cost of Conformance is focused on avoiding potential failures and the Cost of Nonconformance is the cost incurred as a result of any failures because the quality expectations were not met.
This “failure” is really easy to understand: You built a product, service or result through your product and it failed to meet quality expectations. Now you have to fix it, which is going to cost you.
There are both internal and external costs related to failure. Internal costs are those identified within the scope of the project. This includes things like the time and money it will take to rework part of the project. It also includes any cost involved if you have to throw away parts of your project work, which is officially called “scrap”.
External failure costs are those identified after the product or service has been delivered to the customer. This includes things like warranty fulfillment, liability costs and the potential of a loss of business.
Until next time,
Cornelius Fichtner, PMP
The Project Management PrepCast™ - http://www.project-management-prepcast.com
The Project Management Podcast™ - http://www.project-management-podcast.com
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The following PMP® exam sample question is taken from The Free PMP Exam Simulator at http://free.pm-exam-simulator.com - The answer is at the very bottom:
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There are 20 stakeholders. What is the number of total potential communication
channels in this project?
A) 10
B) 45
C) 190
D) 380
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All our questions are updated to the latest PMBOK® Guide standard. Stop by at http://free.pm-exam-simulator.com and try The PMP Exam Simulator free for 3 days. We also offer 110 free questions at http://www.free-pm-exam-questions.com. We are a PMI Registered Education Provider.
Until next time,
Cornelius Fichtner, PMP
The Project Management PrepCast™ - http://www.project-management-prepcast.com
The Project Management Podcast™ - http://www.project-management-podcast.com
The Correct Answer is C.
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There are two separate components within Cost of Quality (COQ) and you must have a complete understanding of both of them for your PMP Exam. One is the Cost of Nonconformance, which is the money (and time) that will be spent due to the failure of a deliverable from your project. The other is the Cost of Conformance. This is the figure that is determined to be necessary to avoid those failures in the first place.
There are two categories within the Cost of Conformance. The prevention costs are those associated with building a quality product or service so that any errors are within the range that is considered acceptable. These usually include the elements of training and equipment. Also included in this category is the time and effort required to fully document processes and to do things the right way.
The other category within the Cost of Conformance is the appraisal costs. These are the costs associated with determining the level of quality to ensure it meets the required standards. Appraisal costs include things like inspections and various types of testing that are then evaluated to ensure the quality expectations are being met.
In our next tip, we’ll take a closer look at the Cost of Nonconformance
Until next time,
Cornelius Fichtner, PMP
The Project Management PrepCast™ - http://www.project-management-prepcast.com
The Project Management Podcast™ - http://www.project-management-podcast.com
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The following PMP® exam sample question is taken from The Free PMP Exam Simulator at http://free.pm-exam-simulator.com - The answer is at the very bottom:
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Which curve or line represents the cost baseline?
A) Slanted line
B) S-curve
C) Z curve
D) PQ curve
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All our questions are updated to the latest PMBOK® Guide standard. Stop by at http://free.pm-exam-simulator.com and try The PMP Exam Simulator free for 3 days. We also offer 110 free questions at http://www.free-pm-exam-questions.com. We are a PMI Registered Education Provider.
Until next time,
Cornelius Fichtner, PMP
The Project Management PrepCast™ - http://www.project-management-prepcast.com
The Project Management Podcast™ - http://www.project-management-podcast.com
The Correct Answer is B.
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Hi All,
Watch this video about The Project Management PrepCast - the first videocast for aspiring PMPs.
In this video we will give you an overview of the program by discussing the five Ws : What is the The Project Management PrepCast? Why should you listen to it? Who is the host of the program? When can I start? How do you subscribe to the program? (OK... technically, that's not a W...  .
Here's the link to the video:
http://bit.ly/ldMOfa
Until next time,
Cornelius Fichtner, PMP
The Project Management PrepCast™ - http://www.project-management-prepcast.com
The Project Management Podcast™ - http://www.project-management-podcast.com
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The cost of quality (COQ) as it relates to project management is frequently misunderstood. It is a monetary figure but it does not solely relate to how much it will cost to provide a quality product or service through the project as most people initially believe.
Instead, COQ is also about the costs that will be involved to bring a product or service that is considered sub-standard up to the standards as they are described. This concept isn’t limited to only the duration of the specific project either. It also takes into consideration costs that occur after the project has ended, such as product returns, recall campaigns and warranty claims. So the complete product life-cycle (not just the project life-cycle) is included when figuring out COQ. The overall cost of quality is reviewed as part of the project to make decisions on how much will be invested in quality.
There are two main categories within the COQ definition. They are the cost of conformance, which is the money spent to avoid problems, and the cost of nonconformance, which is the money spent because of the problems that occurred. We’ll look at those in our next tips.
Until next time,
Cornelius Fichtner, PMP
The Project Management PrepCast™ - http://www.project-management-prepcast.com
The Project Management Podcast™ - http://www.project-management-podcast.com
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The following PMP® exam sample question is taken from The Free PMP Exam Simulator at http://free.pm-exam-simulator.com - The answer is at the very bottom:
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Which of the following may be considered as the outputs of performing Quality Assurance?
A) Requested changes, recommended corrective actions, organizational process assets, project management plan.
B) Requested changes, requested preventive actions, Quality metrics
C) Quality management plan, Quality metrics, Quality baseline
D) Quality control measurements, recommended preventive actions
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All our questions are updated to the latest PMBOK® Guide standard. Stop by at http://free.pm-exam-simulator.com and try The PMP Exam Simulator free for 3 days. We also offer 110 free questions at http://www.free-pm-exam-questions.com. We are a PMI Registered Education Provider.
Until next time,
Cornelius Fichtner, PMP
The Project Management PrepCast™ - http://www.project-management-prepcast.com
The Project Management Podcast™ - http://www.project-management-podcast.com
The Correct Answer is A.
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As you prepare for your PMP Exam, you should know that there are many PMP Exam formulas that you will be expected to know. Among them are Earned Value, PERT, communications channel and about 40 others you must have memorized.
Since these formulas must be in your head, you will not be allowed to bring your own personal calculator into the exam room with you because it could have some of the formulas saved with it.
However, some of the calculations you will be required to complete are likely to be complex enough that they will require the use of a calculator. So during the exam you will have to use the Microsoft Windows-based calculator.
It’s important for you to be prepared for all facets of your PMP Exam, and being comfortable with the Windows calculator should be included in your preparation.
That’s why after learning that they will not be allowed to bring their own calculator into the exam room, most people simply stop using their hand-held calculators and fire up the Windows calculator every time they are faced with a formula in a sample question. I recommend that you do the same.
And here is my most surprising recommendation: use the calculator for every single calculation you have to make: 100 divided by 2? Use the calculator. 3 times 10? Use the calculator.
The reason for this is simple: Taking an exam is stressful and it’s easy to make a silly mistake in your head. And we don’t want 100 divided by 2 to suddenly to be 200. So use the calculator.
Passing your PMP Exam is too important to your future. It will be stressful and you may struggle to have enough time to finish it. It only makes sense to use all of the tools you have at your disposal to make it as easy as possible. This includes being prepared to use the Windows based calculator.
Until next time,
Cornelius Fichtner, PMP
The Project Management PrepCast™ - http://www.project-management-prepcast.com
The Project Management Podcast™ - http://www.project-management-podcast.com
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The following PMP® exam sample question is taken from The Free PMP Exam Simulator at http://free.pm-exam-simulator.com - The answer is at the very bottom:
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In which type of contract is the seller reimbursed for performing the contract work and
receives a fixed fee payment calculated as a percentage of the estimated project cost?
A) Cost–plus-fee contract
B) Lump-sum contract
C) Cost-plus-fixed-fee contract
D) Cost-plus-incentive-fee contract
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All our questions are updated to the latest PMBOK® Guide standard. Stop by at http://free.pm-exam-simulator.com and try The PMP Exam Simulator free for 3 days. We also offer 110 free questions at http://www.free-pm-exam-questions.com. We are a PMI Registered Education Provider.
Until next time,
Cornelius Fichtner, PMP
The Project Management PrepCast™ - http://www.project-management-prepcast.com
The Project Management Podcast™ - http://www.project-management-podcast.com
The Correct Answer is C.
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One of the important aspects of preparing for your PMP Certification is going through a process of answering a series of sample questions that are purposely meant to test your readiness for the big day. As you may already have realized, studying for the exam requires a lot of work, including taking numerous sample tests to find out if you can cope with the question format of the actual exam.
This is why we recommend that you take at least 1,000 PMP sample questions. This means that you simulate a complete 4 hours exam to gauge your ability to finish the actual exam on time. As a general rule of thumb: If you are able to correctly answer at least 85% or more of the practice questions on your first try, then you are ready for the PMP Certification Exam.
It is important that you take these sample exams as they prepare you for the rigors of the exam day, and the type of questions that will be asked. It is even possible that you will encounter questions similar to the ones on your sample tests during the actual exam.
Remember that PMI does not release the actual number of questions that you need to answer correctly in order to pass. They are very vague about it and you can read up on the exact scoring system in the PMP Handbook. The best that you can do is to take a shot at practicing with sample exams. That helps you to get prepared.
Until next time,
Cornelius Fichtner, PMP
The Project Management PrepCast™ - http://www.project-management-prepcast.com
The Project Management Podcast™ - http://www.project-management-podcast.com
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The following PMP® exam sample question is taken from The Free PMP Exam Simulator at http://free.pm-exam-simulator.com - The answer is at the very bottom:
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What is the work breakdown structure (WBS)?
A) It is a deliverable-oriented hierarchical decomposition of the work to be executed by the project team, to accomplish the project objectives and create the required deliverables.
B) It is a hierarchically organized depiction of the project organization arranged so that the work packages can be related to the performing organizational unit.
C) It is a hierarchically organized depiction of the resources by type to be used on the project.
D) It is a hierarchical tabulation of the physical assemblies, sub-assemblies and component needed to fabricate a manufactured product.
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All our questions are updated to the latest PMBOK® Guide standard. Stop by at http://free.pm-exam-simulator.com and try The PMP Exam Simulator free for 3 days. We also offer 110 free questions at http://www.free-pm-exam-questions.com. We are a PMI Registered Education Provider.
Until next time,
Cornelius Fichtner, PMP
The Project Management PrepCast™ - http://www.project-management-prepcast.com
The Project Management Podcast™ - http://www.project-management-podcast.com
The Correct Answer is A.
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The following PMP® exam sample question is taken from http://www.free-pm-exam-questions.com - The answer is at the very bottom:
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The method of constructing a project schedule network diagram that represents activities and connects them to show the dependencies is known as:
A) Arrow diagramming method
B) Schedule network templates
C) Precedence diagramming method
D) Activity list
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All our questions are updated to the latest PMBOK® Guide standard. Stop by at http://free.pm-exam-simulator.com and try it for 3 days. We are a PMI Registered Education Provider.
Until next time,
Cornelius Fichtner, PMP
The Project Management PrepCast™ - http://www.project-management-prepcast.com
The Project Management Podcast™ - http://www.project-management-podcast.com?
The Correct Answer is C.
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The following PMP® exam sample question is taken from http://www.free-pm-exam-questions.com - The answer is at the very bottom:
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Which of the following activities is not concerned with developing the project charter?
A) Documenting the business needs
B) Project justification
C) Collecting output of the planning processes
D) Current understanding of the customers need
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All our questions are updated to the latest PMBOK® Guide standard. Stop by at http://free.pm-exam-simulator.com and try it for 3 days. We are a PMI Registered Education Provider.
Until next time,
Cornelius Fichtner, PMP
The Project Management PrepCast™ - http://www.project-management-prepcast.com
The Project Management Podcast™ - http://www.project-management-podcast.com
The Correct Answer is C.
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