The Project Notebook

PMP ® Challenge Question – 4/1

On March 15th, the challenge was:

You have finished project management training and desire to earn your PMP® credential. What are some constructive ways you can go about applying your new knowledge and obtaining your first project management assignment at your company?

Certainly one of your first steps might be a discussion with your manager. Let him/her know about your accomplishment and how you might be able to apply your knowledge in a work assignment. Your HR manager is another possible resource. Another constructive tactic might be to have a discussion with existing project managers in the company and ask if you can be considered for a role on a project team. If you have any additional ideas to share, please leave a comment or drop me a line at sdcapmp@aol.com.

Now for the new challenge. Here are some acronyms found in the procurement knowledge area. What does each stand for? Provide a brief sentence or two about what each is.

CR
CPFF
FPFT
CPRC

Good luck with the challenge!

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PMP® Challenge Question – 3/15

On 2/15, the Challenge Question asked about RACI-VS. This is Responsible, Accountable, Consulted, Informed, Verifies, and Signs off. These are the key responsibilities which can be associated with a RAM or Responsibility Assignment Matrix.

Now for the next challenge. This is a human resources question:

You have finished project management training and desire to earn your PMP® credential. What are some constructive ways you can go about applying your new knowledge and obtaining your first project management assignment at your company?

See you April 1st!

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PMP® Challenge Question – 2/15

On 2/1 I asked:

An Earned Value Analysis for a recently closed out project revealed:

SPI = 0.7, CPI = 1.0

State at least THREE conclusions you can draw from this statement.

The statements are:
1) Cost is on target.
2) Schedule is over budget.
3) Project deliverables are complete (tricky … but you are closing out the project)

Here’s the next challenge:

What does RACI-VS stand for? For the project team, who is usually responsible/accountable for understanding how all the project tasks fit together?

See you on March 1!

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PMP® Challenge Question – 2/1

There were no correct responses to the last challenge question, so I’ll hold those questions for future use. Here’s a fresh question to start off February:

An Earned Value Analysis for a recently closed out project revealed:

SPI = 0.7, CPI = 1.0

State at least THREE conclusions you can draw from this statement.

See you on 2/15 with the correct answer!

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