Showing posts with label PMP. Show all posts
Showing posts with label PMP. Show all posts
What are the various formulas for ETC?
Wednesday, November 2, 2011
• ETC = EAC-AC: Use formula when no keywords (i.e. typical, atypical or flawed) are given.
• ETC = BAC-EV: Assumption: use formula if current variances are thought to be atypical in the future.
• ETC = (BAC-EV) / CPI: Assumption: use formula if current variances are thought to be typical in the future.
• ETC = New estimate when it is thought that the original estimate was flawed.
www.codecollege.NET|www.interviewsguru.com|The Encylopedia of Web Sites|Blogging and Earning
What is the formula to calculate the Present Value?
Saturday, October 29, 2011
PV= FV / (1+i)ⁿ
Where PV is Present Value, FV is Future Value, i is interest, n is number of years
www.codecollege.NET|www.interviewsguru.com|The Encylopedia of Web Sites|Blogging and Earning
What are the 3 broad categories of Contract?
Thursday, October 27, 2011
1. Fixed Price
2. Time and Material
3. Cost Reimbursable
www.codecollege.NET|www.interviewsguru.com|The Encylopedia of Web Sites|Blogging and Earning
What are the various Communication Methods?
1. Interactive
2. Push
3. Pull
www.codecollege.NET|www.interviewsguru.com|The Encylopedia of Web Sites|Blogging and Earning
What does Herzberg's Theory says?
Sunday, October 23, 2011
Hygiene factors (Working conditions, Salary, Personal life) are not sufficient to motivate but Motivating Agents
(Responsibility, Self-actualization)
www.codecollege.NET|www.interviewsguru.com|The Encylopedia of Web Sites|Blogging and Earning
What are the 3 needs of people according to David McClelland's Theory of Needs (or Acquired Needs Theory)?
1. Need for Achievement
2. Need for Affiliation
3. Need for Power
www.codecollege.NET|www.interviewsguru.com|The Encylopedia of Web Sites|Blogging and Earning
What is Maslow's Hierarchy of needs ?
From the lowest to highest in his pyramid is,Physiological, Safety, social, Esteem, Self-actualization.
www.codecollege.NET|www.interviewsguru.com|The Encylopedia of Web Sites|Blogging and Earning
What is McGregor's Theory of X and Y?
Theory X - People are incapable, avoid responsibility, and avoid work whenever possible
Theory Y - People are willing to work without supervision and want to achieve
www.codecollege.NET|www.interviewsguru.com|The Encylopedia of Web Sites|Blogging and Earning
What are the different conflict resolution techniques?
Confronting
Compromising
Withdrawal
Smoothing
Collaborating
Forcing
www.codecollege.NET|www.interviewsguru.com|The Encylopedia of Web Sites|Blogging and Earning
What are the different stages of Team Formation?
Saturday, October 22, 2011
Forming
Stroming
Norming
Performing
Adjourning
www.codecollege.NET|www.interviewsguru.com|The Encylopedia of Web Sites|Blogging and Earning
What is RACI?
It is an advanced form of Responsibility Assingment Matrix
www.codecollege.NET|www.interviewsguru.com|The Encylopedia of Web Sites|Blogging and Earning
What is the expansion of RACI?
Responsible Accountable Consult Inform
www.codecollege.NET|www.interviewsguru.com|The Encylopedia of Web Sites|Blogging and Earning
What are the various Quality Theories ?
Thursday, October 20, 2011
1. 80/20 Principle, defined quality as "fitness for use",developed by Joseph Juran
2. Plan-Do=Check-Act cycle, W.Edwards Deming
3. "Zero defects", defined as "conformance to requirements", Philip Crosby
www.codecollege.NET|www.interviewsguru.com|The Encylopedia of Web Sites|Blogging and Earning
What are the different Methods of accuracy Estimates ?
1. Rough Order of Estimate:
Accuracy range = +-50
Done at Initiating Process
2. Budgeted Estimate:
Accuracy range = -10 to +25
Planning Process
3. Definitive Estimate:
Accuracy range = +- 10
www.codecollege.NET|www.interviewsguru.com|The Encylopedia of Web Sites|Blogging and Earning
What are the project selection Methods ?
Friday, October 14, 2011
There are 2 project selection methods:
1. Mathematical models(calculation methods)
2. Benefit Measurement methods(decision models)
www.codecollege.NET|www.interviewsguru.com|The Encylopedia of Web Sites|Blogging and Earning
What is Control Account ?
Cost estimation done at higher level in the WBS is called Control account.
www.codecollege.NET|www.interviewsguru.com|The Encylopedia of Web Sites
Subscribe to:
Posts (Atom)
