Situation based questions for PMP® Exam | Episode 17 | Practice questions for PMP® Exam preparation
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- เผยแพร่เมื่อ 3 ส.ค. 2024
- In this 17th episode, we have discussed another set of 5 PMP® questions to prepare you for 2024 exams, with detailed explanation on why one option is better than the others. While discussing these, we have also discussed the important points to study and remember while solving actual PMP exam® questions.
Inside this 50-minute episode, we have discussed exam mindset and concepts essential to remember:
00:00 Introduction to the episode
00:35 Question 1
Exam tips: Understand the specific Agile ceremonies are carried out for specific purposes, other discussions shouldn't happen in these ceremonies. .
08:35 Question 2
Exam tips: Understand the specific Agile roles have specific responsibilities, these are not interchanged.
15:50 Question 3
Exam tip: Understand the general flow of activities in different areas of the project management. Specifically for process domain tasks. Here we discuss task 2.3 Assess and manage risks.
25:13 Question 4
Exam Tip: Understand all important Procurement related concepts well.
39:48 Question 5
Exam Tip: Understand why we create documents, specific documents have specific purposes. Here, we discuss the importance of planning documents.
Stay tuned for our weekly series where we'll dissect more exam-like questions and equip you with the knowledge to dominate the PMP® exam.
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Thank you for these videos, I passed my exams on Friday and these videos were very helpful. Guys, you need to watch them!!
Congratulations on your success and thanks a lot for recommending us. :)
Thank you so much Sir I passed my exam today with all domains above target. Your videos really helped me a lot. Especially people, processes and business environment as well as 100 agile concepts video and project documents video and your question answer sessions I watch all of them. The way you explained each and every thing made my mind set. I can not find words to express my thoughts. Your mock questions are tough but they give lot of concepts. I recommend all of PMP aspirants to watch your videos for good understanding and PMP exam mind set. Once again thank you so much Amit Sir Stay blessed ❤❤❤
Thank you so much! and congratulations on your success. Do celebrate well.
and thanks again for your kind words.
@@edzest ❤️❤️❤️
👏👏👏👏
Thank you. 😊
Hi Amit, but in Question 4 we are revising the contract with requirement which may be align with project objectives...
D option shall be suitable rather terminating the contract
Hi Ashish, what we are changing is important. Revising the contract is better but revising the "requirements of the contract" means nothing but changing the SOW/TOR, hence we have not selected that as a choice.
5/5
Awesome!! 🤝
I have a query wrt the 4th question.... between incentives and awards, which one is more motivating for the supplier incase of a work which is slightly challenging? My answer is the Incentives but want to know your opinion.. I came across a practce question based on this scenario..
Hi, there is no general answer to this question. Incentives or awards in itself can not be said to be more motivating than the other. It depends on the kind of supplier and the terms of contract in that particular project to decide if incentives will be better or awards.
During project execution, a project manager is informed that
critical resources will soon be removed from the project. What
should the project manager do?
a. Schedule a meeting to keep the stakeholders informed.
b. Inform the stakeholders at the next scheduled review meeting.
c. Update the risk register with this risk to project resources.
d. Request resource leveling.
Kindly advise
Hi, none of the options appear a great choice but to choose between those- option A appears the best, since not one but several critical resources will be removed.
B. Review meetings are not for updating resources information - update asap.
C. It is not a risk because risk is uncertain, resources WILL be removed, makes it an issue.
D. Purpose of resources levelling is to optimize the number of resource- it can be done but without analysis we shouldn't take this decision.
Hi Amit , I have doubt on another question as well
A team is working on a new product development project using a
hybrid approach. After the fourth sprint, they learn that the exchange
rate for imported goods will increase significantly.
What should the project manager do in order to make sure the final
product gets launched on time and as defined?
A. Work with the stakeholders to develop incremental budgeting approaches.
B. Reduce the product’s specifications to use less imported material.
C. Spend the extra money and plan to compensate for it in the next sprint.
D. Review the backlog to see the impact of a budget increase.
Hi Amit ,
I have a doubt on another question
A team is working on a new product development project using a
hybrid approach. After the fourth sprint, they learn that the exchange
rate for imported goods will increase significantly.
What should the project manager do in order to make sure the final
product gets launched on time and as defined?
A. Work with the stakeholders to develop incremental budgeting approaches.
B. Reduce the product’s specifications to use less imported material.
C. Spend the extra money and plan to compensate for it in the next sprint.
D. Review the backlog to see the impact of a budget increase.
Kindly advise
@@lincysebastian611 Hi, D looks better. Other options are action points/decision that aren't justified so we don't know whether those would definitely help in completing on time.
@@edzest thanks amit
please what is the differente between request for quotation and request for bid?
Hey Felix,
Request for bid is a category of requests where you ask the suppliers to bid for the project.
These requests can be of three types, in general, depending on what are you requesting from suppliers:
Request for Information (information only), Request for Quotation (price only), and Request for proposal (price and solution).