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PMP Questions from Mosaic

"Well begun is half done."
Aristotle

     
Today's Question  & This Weeks Tip:
   
Today's Question:
 
The management of cost performance is best done by:

A.  Calculating the earned value and using indices and other formula to report past performance and forecast future performance.
B.  Using the 50/50 rule and making sure the project lifecycle cost is less than the project cost.
C.  Asking the percentage complete from each team member and using that in the cost progress report.
D.  Focussing on the amount spent last month and keeping the next months expenditure in line with the budget.


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Answer

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last weeks
Q&As here
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Download a free set of 30 PMP (25 CAPM) questions for you to try: Go to the Download Page

Tip of the week**: Manage your time effectively.      

One key is a daily ‘to-do’ list. Create your ‘to-do’ list by brainstorming everything you need to do in the day and writing it on the list. Don’t worry if you end up with a long list.

Your daily to-do list should be

• Created new for each day at the start of the day (or better still at the end of the previous day). Writing your tasks down unloads your psychic RAM. When you don’t occupy your mind with having to remember everything, it becomes easier to think clearly.

• Sort the list using the important/urgent matrix (small Post-It notes are very useful for this). Things you decide not to do today should be parked on your strategic ‘to-do’ list or delegated to someone else.

• Kept the list in immediate view at all times. Seeing your list throughout the day keeps you on track when you may want to do less important, low-priority tasks.

• Carried with you wherever you go. You can use your to-do list to bring clarity about relative urgency and importance.

• Updated as tasks are completed and new ones emerge through the course of the day.

If you are working on a big project, the to-do list can motivate you by letting you see how much you’ve really done - going home with all of the important items crossed off your list is a great feeling.

For more on personal time management see: http://www.mosaicprojects.com.au/WhitePapers/WP1054_Personal_Time_Management.pdf   
Source of Tips
Tips based on
Lessons Learned
See more on the book


Mosaic's PMP® & CAPM® Training Options


Mosaic's Classroom Courses include:

  • 5 day intensive training course, Monday to Friday including
    • Coffee on arrival, Morning and afternoon teas + lunch
    • Course notes and exercises
    • Over 300 practice questions with detailed answers
  • A free copy of the PMBOK® Guide 5th Edition
  • Post course: 
    • A 100 question benchmark test
      (with scoring and answers)
    • On-line practice questions:
      - 90 day licence to use Mosaic's PM Final exam simulator
    • Our guarantee to work with you until you pass your exam
  • View our classroom schedule for CAPM and PMP courses

Mentored Email™ Courses include:

  • 16 modules for PMP candidates, 14 modules for CAPM. Each module includes:
    • The delivery of reference materials.
    • 20 to 25 test questions.
    • Scoring and comprehensive feedback on your answers.
  • Post course: 
    • The final module includes a 100 question benchmark test (with scoring and answers)
    • On-line practice questions:
      - PMP 90 day licence to use Mosaic's PM Final exam simulator
    • Our guarantee to work with you until you pass your exam
  • See more on Mosaic's Mentored Email™ courses for CAPM and PMP

PMI Scheduling Professional (PMI-SP):

   
Your Trainers
We run our courses, ourselves
In a typical 5 day PMP or CAPM course, Lynda will teach the 'soft skills' of communication and stakeholder management (days 1 & 4); and Patrick will teach the 'hard skills' of scope, time and cost (days 2, 3 & 5).
 
Dr Lynda Bourne Dr. Lynda Bourne DPM, PMP, FACS, FAIM.
Lynda is an internationally recognised consultant, author and trainer. She has extensive experience as a Senior Project Manager and Project Director specialising in delivery of IT and other business-related projects and has worked as a Senior IT Project Management Consultant.  

Lynda is Director of Professional Services with Mosaic Project Services and the Managing Director and CEO of Stakeholder Management Pty Ltd.
 
[See Lynda's CV
   
Follow Lynda: 
Patrick Weaver Patrick Weaver PMP, PMI-SP, FAICD, FCIOB.
Patrick has over thirty five years experience in the Project Management industry and has been a PMI member for over 25 years.  His career initially focused on the planning and managing of construction and engineering projects. The last twenty years has seen his businesses and experience expand to include the successful implementation of project controls in a range of government, ICT and business environments and the development of a range of sophisticated training options.

Patrick is
the Managing Director of Mosaic Project Services Pty Ltd.
   

Additional Information:

Reference:

**The 'Tip of the Week' is based on:

Lessons Learned
Lessons Learned in Project Management: 140 Tips in 140 Words or Less
Compiled by Editor - Dr. John A. Estrella.

A Twitter-inspired book of 140 tips, each in 140 words or less, from experienced project managers that constitutes a concise body of knowledge useful for all project managers. This book is instantly usable, friendly, and full of great advice. The fact that each tip is short and to the point separates the signal from the noise; and this book is pure signal.

To preview and buy visit: http://www.amazon.com/Lessons-Learned-Project-Management-Words/dp/1456357581
.
- View our current PMP classroom course schedule and prices -

Public Training Course Bookings are made from this schedule

Need More Information?
To discuss your training requirements, please complete an [Information Request Form]
Telephone (03) 9696 8684 or simply email your request to:- training@mosaicprojects.com.au


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