15% CHANCE, YOU WILL EXCEED THE ESTIMATE

Question on Mean

This is a question from Rita fast track.
You just completed a cost estimate on the project, and you are assuming that there is a 15% chance you will exceed this estimate. You are:
a Below the mean
b. Above the mean
c. Above the median
d. Below the median

Hence answer will be B above the mean

MNEMONICS OF ALL TTS (172) IN 42 LINES OF PROCESS-PMBOK4

IT IS A JPEG PICTURE FILE. ITS REAL IMPACT CAN BE SEEN AT EXCEL FILE, EXCEL FILE OF 28KB IS UPLOADED AT PMZILLA.COM- EXAM RELATED MATERIALS, HOME PAGE
http://www.pmzilla.com/itto-mneumonics-shreesid-and-sspawar

I also came to know that -- summarized ITTO excel file, Password is- leadershipchamps

please follow this link -

https://docs.google.com/open?id=0B9MAz398K1XFaDZOQ1llZTJOQW8

Try in google /chrome
or
http://www.box.net/shared/803my5g5yu
who want to get it.

PMP CREDENTIALS - SS PAWAR

SALIENCE MODEL

DIFFERENT PROBABILITY DISTRIBUTION METHODS

ONE QUESTION IN PMZILLA - THESE ARE OPTIONS A, B, C AND D.

Q Which one is Uniform distribution method 

( http://pmzilla.com/q-framed-me-pmbok#comment-20007 )

Submitted by sspawar on Sun,

 10/07/2012 - 22:54.

Q
Which one is Uniform Distribution Method graph

 

ANS

A = WEIGHTED AVERAGE BETA DISTRIBUTION
B = NORMAL DISTRIBUTION
C = UNIFORM DISTRIBUTION
D = TRIANGULAR DISTRIBUTION

Why bell shape of normal distribution curve:
NORMAL DISTRIBUTION
To know how bell shape curve formed?
Will explain this example:
you are checking 1000 tests given by pmp aspirants.
your standard value of profeciency is suppose 150 out of 200
this standard value 150 will be called as MEAN value.
now you observe that --- some students are performing better than this , some are below this.
then you make a table of marks at X axis against frequency of students obtaining that marks at Y axis

Values = Marks at X axis	Frequency =Nos of students at Y axis
100	30
110	45
120	100
130	120
140	135
150	150
160	130
170	125
180	90
190	45
200	30
Total	1000

there are many cases where the data tends to be around a central value with no bias left or right, and it gets close to a "Normal Distribution" like this:

TORCH DIAGRAM - QUANTITATIVE RISK ANALYSIS - TOOLS

Its a interesting way to remember Tools and their subheads and methods

PHASE TO PHASE RELATIONSHIPS

I find in PMBOK these 2 terms of classified but not explained clearly, based on her inputs I tried here to elaborate it more:

	PHASE TO PHASE RELATIONSHIPS
	Iterative	Overlapping
1	since work by nature and outcomes remains same, though scope, schedule, cost, place,  contracts changes, and its successive phases becomes undefined and varying to any extend.	its phases are not similar in their nature and outcomes and they are linked in a sequence and dependent like sequential phases but unlike starting of second after one, it can overlap,
2	one phase is planned and executed, when 1st phase in execution 2nd phase is planned.	here since phases are entirely different in nature hence they can be either planned earlier or later
3	staff, vendors and workforce may repeated same as nature of work remains same.	Staff , vender, workforce will change as per the change in nature of work
4	Example :  research program , there is no clarity for next phase. why it is iterative , because, research, research research -------its repetition. Here next phase planning much depend on, further scope as per results of 1st phase.	for example, construction may begin when quarter design work completed. Concept - design- construct -testing - these are the phases and can be overlapped but not similar in nature. Here you can plan in advance or later

QUALITY GURU TABLES -- THEORIES/QUOTES

QUALITY CHART

	Theorists	Quotes or Theory  or Books
A	Deming	85% quality comes from management	PDCA/ 7 deadly disease
B	Crosby	Zero Defects	Quality is Free
C	Juran	Fitness for use	Qulity Trio
D	Shewart	Control chart	PDSA
E	Ishikawa	Cause Effect/Route Cause Analysis	Quality Circle
F	Masaki Imai	Kaizen
G	Feigenbaum	Quality defines by Customer	TQM
H	Taguchi	Loss Function

EVEN MORE in Detail

Gurus                                                  Contribution  

Deming ---- 14 points for quality management, 7 deadly sins and diseases, the theory of variance, PDCA       cycle 

 

Juran ---- Wrote Quality control hand book, called ‘Bible of quality’ Habit of quality, Quality Triology. 

Define ‘quality’ as ‘Fitness of use’ Categorised the cost of the quality  

Crosby --- 14 steps for quality improvement Concept of ‘ Zero defects’ Written book ‘ Quality is free’  

Massaki Imai - Kaizen  

Ishikawa -- Cause and effect diagram Quality circle  

Taguchi - Loss Function  

Feigenbaum - Quality defines by the customers  

William Shewart - PDSA, Statistical Control Chart  

縀

U R LOOKING @ PMI HQ

FROM V K VERMA - RANK OF CONFLICTS

from Book referred by PMBOK by V K VERMA The Human Aspects of Project Management: Human Resources Skills for the Project Manager, Volume Two- Rank of Conflicts

COST PLUS INCENTIVE FEE CONTRACT

LAG AND LEAD QUESTION

Question: You are in the process developing a project schedule for repainting your house. In order to repaint your house, you first need to scrape off the existing paint, and then add a layer of primer. The primer provides the paint a better
bonding surface so it sticks to the base material much better. Without priming, drywall surfaces will soak up more finish paint in some areas than in others, producing a splotchy effect.
You decided to speed up the process by starting priming before all the scraping is finished. However, once the primer is applied, you must wait until the primer dries before adding on the actual paint. You estimate that it will take 8 hours for the primer to dry. To correctly sequence these activities, which of the following should you do?

(A) Add a lead time to the priming task with respect to scraping, and a lag time to the priming task with respect to
painting
(B) Add a lead time to the priming task with respect to scraping, and a lead time to the priming task with respect
to painting
(C) Add a lag time to the priming task with respect to scraping, and a lead time to the priming task with respect to
painting
(D) Add a lag time to the priming task with respect to scraping, and a lag time to the priming task with respect to
painting
----------------------------

	Q: Activity A has a finish - to-finish relationship with activity B. Activity A has a
	duration of 10 days. Activity B has duration of 9 days with a 3 day lag. what is the total
	duration of activity a and B?
	1.  7 days
	2.  8 days
	3.  12 days
	4.  9 days
	Answer
	Correct answer would be 13 days.
	FF+3
	In above case
	Bigger one Duration +LAG
	Total duration of A and B activities = 10+3
	In this case suppose project
	In this case
	Suppose project starts by 6th of March
	We will demonstrate it
		by Zero start method like this
	9	18
		B/9	<
(Start of project by 6th March) 5				FF+3
		15
		A/10
			>
	Project is finishing on 18.
	Thus 6th March morning to 18th March evening = 18-5 = 13 days
	-------------------------
	Question
	What is total duration of A and B activities?
	B/11	<
			FF-2
	A/10
		>
	Suppose project finishes on 15th March.
	By question - activity A will finish 2 days later than B. because activity B is taking 2days lead.
	By zero start method we can illustrate it like this:
	Here activity B has to start 1st
		2	13
			B/11	<
					FF-2
		5	15
			A/10
				>
	By this presentation it is clear that project has to be started by activity B on 3rd of March to get finish on March 15th.
	Thus duration of project will be = 3rd to 15th = 15-2 = 13 days.
	Next question
	What is total duration of below activities?
	B/11	>
			FF-2
	A/10
		<
	Solution
	Zero start method
	5	16
		B/11	>
				FF-2
	4	14
		A/10
			<
		16-4=12 days