the content of this course includes but not limited to:
2.How to get every math questions in the real PMP®Exam correctly.
-So if you are serious about earning your PMP® Certificate this course for you.
-Take this course and keep touch with me till you pass your PMP® Exam review book (based on PMBOK 5th Edition) Exam.
The estimate activity durations process has several tools and techniques:
Analogous estimate it relies on historical information. This technique is used when there is limited amount of detailed information like during early phases of the project, it is less costly and less time consuming.
multiplies the quantity of work by the rate of work /hr.
reserve analysis :there are two types of resrve analysis:
2. Contingency reserves:
In this lecture we will discus some concepts of the critical path, include but are not limited to :
how to find the critical path through the network diagram :
• the shortest way to find the critical path is to identify all paths through the network and the activity duration along each path . The path with longest duration is the critical path .
•The path (paths) their all tasks with zero float .
Float (Slack) :
please note the terms (float) and (slack) mean the
the same thing for the PMP exam .
Types of float :
Delaying the project end date .2.free float (slack): is the amount of time an activity can be delayed without delay in the early start date of its successor(s).
Cost of Quality (COQ): cost of quality is very important topic for the current PMP Exam you expect to see at least 3 to 4 questions related directly to cost of Quality such as: cost of rework are considered as .....?
Concept and terms
•planned value (PV or BCWS )
•Actual cost(AC or ACWP)
•Earned Value (EV or BCWSP )
•Cost variance (CV)
•Schedule variance (SV)
•Performance indexes formulas
oWhat it is
oWhen it is performed
oWhy it is important
in this lecture we will discuss topics such as:
in this section we will discuss:
2. Quantitative risk analysis
Qualitative risk analysis(tools&tech.)
Quantitative risk analysis(Tools&tech.)
determining which risk event (or events) has the greatest potential impact in the project. This concept is very important for PMP Exam!
Expected monetary value analysis(EMV):
•A Fixed-Price Contract is also known as a lump-sum contract.
•This type of contract is used when there is no uncertainty in the scope of work.
•For the exam Fixed-price contracts transfer the highest risk (risks) to the seller
o This is the most common type of contract and the most often used.
o the seller bears the majority of the risk, as he must provide for the completion of the work
Example: A multi-year software development project outsourced to a different country: interest rates & currency exchange rates fluctuate with time.
For The Exam:
Costs plus award fee (CPAF) is similar to the CPFF contract, except that instead of paying a fee on top of the costs, buyer agrees to pay a fee based on the buyer’s evaluation of the seller’s performance.
Costs plus incentive fee (CPIF) means buyer will reimburse the costs of the project and pay a pre determined fee (e.g. bonus) if seller meets certain performance goals or any other specific performance target as decided in the contract. In CPIF if the final costs are less or more than the original estimated costs, then both the buyer and seller will share the costs based on pre negotiated sharing formula.
Make-or-Buy Analysis: Purchase vs. Lease
If a company decides to buy a product rather than make it in-house, then another level of decision must be made, whether to purchase the product, result, or service outright or whether to lease it from the seller.
Exam Simulator # 1 (Adobe Flash Player file works on any windows only )
Adel has more than 14 years, experience as a project management executive. He has experienced as Sr. Project Management Executive in construction projects including but are not limited to: Hotels, Malls, Metro projects, villages.
Adel is passionate about helping students pass the PMP Certification Exam.
Project Management Professional (PMP ®)
Scrum ™ (SFC ™)
Six Sigma (6 Sigma ™)