1. You are in the process of performing Develop Schedule process to determine planned start and finish dates for project activities. Which of the following inputs will be helpful in this process?
a) Activity attributes, project scope statement, and activity list
b) Activity list, activity attributes, and schedule data
c) Project calendar, requested changes, and schedule data
d) Work performance information, schedule baseline, and performance reports
2. You are managing a project to develop an emergency brake to an upcoming new model of RV. In your project, you have to complete building a prototype before testing can begin. This is an example of:
a) Mandatory dependency
b) Discretionary dependency
c) External dependency
d) Preferred logic
3. Your company has decided to outsource one of its IT product developments to ABC IT Services through a contract. You clarify the structure and requirements of the contract so that mutual agreement can be reached prior to signing the contract. Which of the following statements on procurement negotiations are correct?
a) You have to discuss technical and business management approaches, proprietary rights, overall schedule, payments, and price.
b) At the end of the procurement negotiations, you will have a contract document executed by both buyer and seller.
c) The project manager is the lead negotiator on the procurement.
d) Final contract language will reflect all agreements reached.
4. Your project, you need to verify whether deliverable meet requirements and product acceptance criteria. For this purpose, which of the following would you rely on?
a) Inspection
b) Expert judgment
c) Observations
d) Focus groups
5. The Scope Management Plan is an important component of the Project Management Plan since it provides direction on how the project scope will be managed throughout the project life cycle. The Scope Management Plan documents:
a) Which product requirements will be incorporated
b) How project scope will be defined, developed, controlled, and verified
c) Which stakeholders are most critical for defining the project scope
d) High-level project scope deliverables
6. You would like to obtain information, quotations, bids, offers, or proposals from sellers as part of the Conduct Procurements process. In this process, which of the following is the most critical?
a) Determine whether a product should be purchased or manufactured in-house.
b) Ensure that prospective sellers clearly understand the technical and contract requirements.
c) Clarify the structure and requirements of the contract.
d) Prepare an independent estimate to verify the proposed price structures of the sellers.



Knowing the value of project management certifications, experience and skills can be a great advantage for organizations seeking to fill project management roles, as well as for individuals competing to qualify for those roles.
This comprehensive Article  has been created from an industry-leading source of data, helping employers to better determine salary ranges, and giving project management practitioners a greater awareness of their earning potential.
With information from more than 26,000 respondents in 34 countries, and salary data reported in local currency, this ninth edition of the survey, Earning Power: Project Management Salary Survey, is a significant resource for project management practitioners and their employers, as well as compensation committees, human resource departments and executive recruiters.

Survey Highlights

  •  Certifications such as PMI’s globally-recognized Project Management Professional      (PMP)® provide a significant advantage when it comes to salary and earning                potential.
  • Among survey respondents, those with a PMP certification garner a higher salary (20% higher on average) than those without a PMP certification.
  • The median annual salary, across all countries, roles and experience levels, is $81,000 (USD).
  • Twenty-seven percent of participants reported salary increases of at least 5% in the year before they completed the survey.
  • Number of years of project management experience continues to have an impressive impact on salaries across the globe—in Singapore, for example, the median salary ranges from $47,657 (USD) for those just starting out in the project management field to $131,972 (USD) for those who have been in the field for 20 years or more. This represents an increase of 177% from low to high experience in the field.

That’s right! Based on the 8th edition of the PMI® Salary Survey 2013 (www.pmi.org) the United Arab Emirates ranks top of the countries in the region when it comes to how much their project managers are getting paid annually.



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What is Organizational Process Assets In PMBOK 5th Edition

You will find Enterprise Environmental Factors (EEFs) and Organizational Process Assets(OPAs) very frequently while going through the PMBOK5th edition and therefore firm understanding of the topics is required. Here we will discuss the Organizational Process Assets.
Asset: Any tangible or intangible thing that can be owned or controlled to produce value for us is called an Asset for us. For example my house which I use to live is an asset for me, and so my car is which I use to commute etc.
Similarly an organization has assets in terms of process policies and knowledge base which becomes mature with the time. Organization invests in creating all these process, policies and knowledge bases so that it can help the organization wherever it is needed and thus called Organizational Process Assets.
Let me give a real example: One of my friend in my last organization was assigned a finance related project and he had to develop a detailed risk management plan. He was not experienced enough in doing that and therefore he approached me. I asked him to go to our company’s knowledge base and get one template for the same and then develop his own. And after few days I saw his name in one of the best PM of that quarter. See how helpful the knowledgebase can be for anyone who needs it and that’s why we call it Organization Process Assets.
Organizational Process Assets has important role in project’s outcome and with the time it grows and becomes more and more mature.
As per PMBOK the Organizational Process Assets is divided in two categories
  1. Processes and procedures
  2. Corporate knowledge base