The Project Notebook

PMP® Challenge Question – 10/15

From 9/15: What’s the difference between leadership and management?

The primary difference is that a manager is typically a person in authority while a leader is a person who accomplishes goals through influence. For a more detailed explanation, see The Practice of Leadership blog.

Now here’s a question for 11/1:

A contingency reserve is an amount of money set aside in the project budget based on the impact, probability, and expected monetary value of a risk event. A project has risks A and B. A has 25% probability of occurring and a negative impact of -$100,000while B has 45% probability of occurring and a negative impact of -$90,000. What is the expected monetary value (Ex$V) for the risk requiring the largest contingency?

PMP® Challenge Question – 9/15

On 9/1, we had a fairly simple question: What leadership style is being exercised when the team is brought together to discuss a problem and work as a group to solve it?

The answer: consensus.

Now here’s the new challenge:

What’s the difference between leadership and management?

Any thoughts? Add a comment or drop me a line at sdcamp@aol.com.

PMP® Challenge Question – 9/1

Its the end of summer and time for a new PMP Challenge! Here’s a simple one to warm up with. What leadership style is being exercised when the team is brought together to discuss a problem and work as a group to solve it?

Stay tuned for the answer on 9/15!

PMP Exam Review

The PMP® Challenge Question will be returning soon! Came across this slide overview of PMP certification and thought it was excellent.

Pmi – Project Management Professional (Pmp) Certification Study Guidehttp://static.slidesharecdn.com/swf/ssplayer2.swf?doc=pmi-project-management-professional-pmp-certification-study-guide-1202229012770607-4&stripped_title=pmi-project-management-professional-pmp-certification-study-guide

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© 2010-2012 Ray W. Frohnhoefer, MBA, PMP, CCP