PMP in 21 Days | Based on PMBOK 6

Integration Management Cash-Flow Analysis Techniques Project Selection Criteria What is it Selection Mechanism Payback Period Period of time required to recoup the funds expended in an investment, or to reach the break-even point. Select Lowest Internal Rate of Return (IRR): Think bank Interest rate Internal portfolio rate at which the investment will produce results. Select Highest Net Present Value:  Money now is more valuable than money later on. Formula: PV = FV/(1 + r)t  Where r  =interest rate PV – Present Value FV = Future Value t = Time period Select Highest Remember the Formula!! ROI Return on Investment Divide net profit by total assets Select Highest Benefit Cost Ratio Benefit / Cost Select Highest Cost Management Rough Order of Magnitude estimate (ROM) = -25% to +75% Definitive e...

If you ask any PMP certified manager, what was your preparation method and what made you succeed the exam in first attempt - The most common answer, you would get is: I did many questions!! Apart from other things like how they ensured that each topic is covered, PMBOK is read and few more specific methods. Let me take an example, I studied for RMP (Risk management professional) exam, Got the PDUs and started preparing for the test. Did read many books, however I was not able to get the confidence that I can pass. There are very few questions banks (practice tests) which are available for RMP. So I checked for whatever I could get my hands on.. After preparing thoroughly (80% reading from books and 20% questions) I finally was in parametric centre, taking the RMP exam. The first question pops on the screen and I had no clue of the answer or the terms used in the question. I flagged it.. Moved to next question and I had similar feeling.. Flagged again, hoping to see a fami...

What are Enterprize Environmental Factors?   Lets say that there is a government regulation that a female employee needs to be escorted back if she works in office beyond 7PM. Your project requires longer hours and your office have no transport facilities. Any pick up or drop expenses are billed to your project and may have adverse effect on cost baseline. While selecting the team for your project, would you consider the government regulation? I bet you would J Lets consider another situation, You have a team member and this guy is totally irresponsible, you have given him warnings but all in vein. Just recently, you gave him a task, which was very important to be delivered on time, but he took unplanned leaves and now you are really not happy with this person to be part of the team. What would you do? Would you terminate his employment? Would you ask his functional manager to talk to him or get him replaced? The way you would r...