project management professional certification cost in india
Preparing for the Project Management Professional Certification Exam_1 pdf
... is no fixed cost. At some point in time, if the Figure 1-1. Break even chart. Cost Fixed cost of project Cost while not doing project Break even point Total Variable cost of project 0 ... benefit, the lines will cross. This is the ‘‘break even point,’’ the point where the benefits of doing the project outweigh the cost of doing the project when compared to not doing the project at ... between projects and that all projects go through similar phases. The project life cycle defines the beginning and the end of a project and various milestones within it. At various points in the project...
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Preparing for the Project Management Professional Certification Exam_2 pptx
... into the pricing of the project. The price should not be determined by the cost of the project; but the cost of the project is a very real consideration in making sure that the project benefits ... lose in the carrying out of the project. The project team, the customer, the management of the supplying company, and many others are all stakeholders. The project manager must have input into ... date, crashing or fast tracking must be used. Crashing a schedule is doing anything at all to reduce the scheduled completion of the project. Examples of crashing would include reducing the scope...
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Preparing for the Project Management Professional Certification Exam_5 potx
... meeting in- creases at a diminishing rate. The cost of additional people in a meeting continues to increase in a linear fashion, and very soon the benefit of addi-tional people at a meeting ... take place in meetings. Transcribing tape re-cordings of meetings is generally time consuming and less effective than good note taking. Distribute the minutes within one day. Each meeting should ... be a way of organizing and documenting the risks. In the beginning of the project the risks may only be identified. Later in the project, additional information will be continuously added to...
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Preparing for the Project Management Professional Certification Exam_7 pdf
... Few lines are an indica-tion of the inhibitions of individuals in the meeting. A good meeting would show lines between each individual in the meeting and every other individual in the meeting. ... anything happens that increases the cost of producing the good or service, the seller or supplier must bear the additional cost without being able to increase the selling price to the buyer. In ... of understanding Receiver Sender Channel Message decoding, and understanding Thinking and encoding Feedback Perceiving, Channel Transmitting This is the process of moving the message...
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Preparing for the Project Management Professional Certification Exam_8 pot
... documented project management in- struction Joining PMI Today the cost of joining PMI and becoming a PMP are very close to the same as becoming a PMP without joining PMI. The benefits of joining PMI ... package. d. Cost account. 16. A project manager is reviewing the scope of the project and the scope baseline of the project. This includes which of the following? a. The original project schedule, ... ‘‘Obtain project plan approval by reviewing the plan with the client and other required stakeholders to confirm project baselines prior to proceeding with project executing proc-esses.’’ Domain...
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Project Management Professional-Chapter 19b (Answer key)
... PROFESSIONAL RESPONSIBILITY1. Answer: cThere should be a change procedure in the project to handle changes that mightbe initiated by customers. The change procedure should include the cost ... formanaging the change and the cost of developing the estimate for the effects ofthe change.2. Answer: cEstimating is just that, an estimating process. Perhaps it would have been betterfor the project ... practical.3. Answer: b In this kind of situation it is important that the customs and culture in theforeign country be respected. By consulting with your company’s management, the gift can...
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Project Management Professional-Chapter 20
... DistributionThe beta distribution is used frequently in project management since itclosely resembles the phenomena in cost and scheduling. The beta probabil-ity distribution is bell shaped ... distribution is of value in project management becausethere are many situations in risk management where there are two possibleoutcomes, success and failure. In order to use the binomial distribution, ... deviation=5Mean=22Mean=22being correct in our estimate. As in all probability distribution curves, thearea under the curve between the two points we are interested in comparedto the total area...
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Project Management Professional-Chapter 21
... 1 Project Management Institute (PMI) ex-amination, 218–219closing project domain of, 222–223controlling project domain of, 222executing project domain of,221–222initiating project domain ... planning and controlling project costs andschedules. Project management team. The members of the project team who aredirectly involved in project management activities. On some smallerprojects, ... budget. It consists of resource planning, cost estimating, cost budgeting, and cost control. Project human resource management. A subset of project management that includes the processes required...
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Project Management Professional-Chapter 1
... no fixed cost. At some point in time, if theFigure 1-1. Break even chart.Total Cost Time0Fixed cost of project Variable cost of project Cost while notdoing project Break even point 9618$$ ... such a thing. It is generally considered that investing in U.S. Treasury bills is a risk-free investment. Generally speaking, however,investing in the projects of a company and taking advantage ... new things to be incorporated into the project can bog down a project team. The investigation of these changes can cost much in time and effort. So, the first thing that needs to take place in the...
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Project Management Professional-Chapter 2
... However, most project management professionalsfeel that the complexity and difficulty in using this diagramming method isnot compensated for by this ability.Since the arrows in the diagram in figure ... promisedate, crashing or fast tracking must be used. Crashing a schedule is doinganything at all to reduce the scheduled completion of the project. Examplesof crashing would include reducing the scope ... of the project, adding addi-tional resources for selected activities, eliminating activities, and changingthe process to eliminate steps.Fast tracking is a special case of crashing. In fast...
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