Posts By Cornelius Fichtner

PM Podcast Episode 180 Premium: Leadership & Project Initiation (Project Leadership Series)

This week’s episode of the Project Management Podcast: We are continuing The PM Podcast Leadership Series. This is the 2nd interview that I did with Thomas Juli (www.thomasjuli.com and http://thomasjuli.wordpress.com), author of “Leadership Principles for Project Success”. Last week, we learned about his 5 principles and how they work. But wouldn’t it be more interestingRead… Read more »

Free PMP Exam Sample Question

All, The following PMP® exam sample question is taken from http://www.free-pm-exam-questions.com – The answer is at the very bottom: —————————— Question: You are managing a construction project. You have just been intimated that it is likely to rain heavily during the next week. This can delay your project by a week and you will missRead… Read more »

PMP Exam Tip: What is the difference between mandatory and discretionary dependencies?

In the project management world, dependencies determine the order in which various activities should be completed. These dependencies usually documented as an activity attribute and help in sequencing the activities on the project schedule network diagram. As you prepare for your PMP exam, it is important to know the difference between discretionary dependencies and mandatoryRead… Read more »

Free PMP Exam Sample Question

The following PMP® exam sample question is taken from http://www.free-pm-exam-questions.com – The answer is at the very bottom: —————————— During which phase of the project would you suggest the integrated change control process? A) Throughout the project B) Initiation C) Closure D) Intermediate —————————— All our questions are updated to the latest PMBOK® Guide standard.Read… Read more »

PMP Exam Tip: Why do we use a Probability and Impact Matrix?

The probability and impact matrix sounds very complicated, but the concept is actually something that most people use in their everyday life quite frequently, although in a simpler form. The probability and impact matrix comes into play when the project manager or team members determine that a particular phase or activity within the project containsRead… Read more »

Free PMP Exam Sample Question

The following PMP Exam Sample Question is taken from http://www.free-pm-exam-questions.com – The answer is at the very bottom: —————————— What is the need for doing a qualitative risk analysis? A) To develop options and actions to enhance opportunities and to reduce threats to project objectives. B) To determine which risk might affect the project. C)Read… Read more »

Free PMP Exam Sample Question

The following PMP® exam sample question is taken from http://www.free-pm-exam-questions.com – The answer is at the very bottom: —————————— PMBOK Section: Perform Quantitative Risk Analysis Process Group: Planning Process Group Question Type: Calculation Knowledge Area: Risk Management Difficulty Level: Easy Question: A risk has a potential impact of $50,000 if it happens. The probability ofRead… Read more »

Free PMP Exam Sample Question

The following PMP® exam sample question is taken from http://www.free-pm-exam-questions.com – The answer is at the very bottom: —————————— PMBOK Section: Perform Quantitative Risk Analysis Process Group: Planning Process Group Question Type: Calculation Knowledge Area: Risk Management Difficulty Level: Easy Question: A risk has a potential impact of $50,000 if it happens. The probability ofRead… Read more »