The cost estimation techniques used on Agile projects are:
A. Rule of thumb
The cost estimation techniques used on Agile projects are:
A. Rule of thumb
Which of the following is a complete set of indexed contract documentation, including the closed contract?
A. Procurement package
B. Negotiated settlements
C. Procurement file
D. Procurement management plan
The PMI indicates there have been consecutive monthly increases in construction activity for the last 28 months
Construction activity grew at its fastest pace in over 15 years last month, according to the latest purchasing managers index in Ulster Bank Building.
New business has expanded significantly during the month, leading companies to increase their buying activity and employment to record levels.
Ulster Bank PMI index seasonally adjusted designed to track changes in the overall construction activity, rose 68.8 in February from 63.6 in January.
It was the highest reading in the survey’s history, surpassing the previous record of November 2004.
The PMI indicates that there have been consecutive monthly increases in construction activity over the last 28 months.
According to the survey, business confidence also improved to a maximum of three months, with further improvements in economic conditions in the next year.
record growth rates were observed for housing activity, with further expansion of residential projects.
Meanwhile, the PMI shows civil engineering activity increased at a much faster pace than in January, and was at its highest level since August 2006.
Construction companies have responded to this increased activity to take new employees and creating employment rate picked up for a second month. The PMI indicates an increase in employment growth was recorded in each of the last 30 months.
Commenting on the results, Ulster Bank economist Simon Barry said records showed the growth rate “should be considered in the context of what are still very low levels of construction activity.
“This point was confirmed by the latest national figures accounts week showed that even after three years of recovery with very high rates of growth, construction output remains 50% below the peak levels before the crisis” he added.
You are in the Validate Scope process of your electronic goods manufacturing project. While reviewing some products, you have noticed that the tolerance for one product is 0.01% less than what was listed in the requirements documentation. This deviation may not be a problem for the customers and it may not negatively impact the operations. What is your best immediate action in such a situation?
A. Notify the customers about thedeviation
B. Change the project management plan to allow for small deviation
C. Reject all products and restart the project
D. Discuss with your team about the quality testing
A – When you find a defective product, you must notify customers immediately even if the deviation may not affect customers. As a project manager, you must maintain honesty and should not hide facts. After notifying customers, the project manager must di
Which tool allowt the Product Owner to focut on providing the greatett value and Return on Invettment (ROI) to the organizaton?
A. Burn up chart
B. Product Backlog
C. Afnity ettmate
D. Cott Beneft Analytit (CBA)
What document conisits economic evaluation why project was choosen?
A. project charter
B. project SOW
C. procurment SOW
D. business case
Mark Langley believes he has three answers to a question that embarrasses leaders. Why companies are not what the CEO told the big projects?
Langley is president and CEO of Project Management Institute, the largest association of project management global world, serving three million professionals in 190 countries. And his first response, predictably, is that CEOs are too busy. “When they reach the point where they believe they have determined the direction of their organization, they believe the organization will hold its direction,” he said. “And your time is consumed in other areas such as bonds regulation, the customer and the bank. They are overloaded in terms of their attention span and ability to concentrate.”
second reason for Langley, where he says he gleaned in expert management strategy Tom Peters, is that: “Projects are hard and when things are tough, people go and do something else” “It’s difficult,” Langley continued, “. because it is different from manufacturing or processing or anything that the company day to day makes your business. the production of the same thing over and over again is very different from trying to do something different every day, week or year. what happens with projects and programs it is that they are fundamentally different from the current company and the ability to meet each is different and unique. ”
final reason for Langley came from a member of the global executive board of PMI. “The fact that the CEO says something does not mean it will happen,” he said. “For this to happen, companies need to do many things. There is an element of an organization expect to be able to understand, simply, but companies that are top performers know that explore building means strategic competition with major projects and programs help ensure that the organization is successful. ”
Therefore, says Langley, many projects fail due to lack of budget and time overruns and the inability to achieve the objectives. Globally, PMI research found that most companies in the world, because of the risk of about 11 percent of project budgets low performance lost and there is a huge gap between the top and bottom. artists
Estimating costs for an Agile project starts with which of the following types of meetings?
A. Project Retrospective
B. Steering Committee
C. Release Planning
D. Sprint Planning
Verification of project deliverables occurs during which process?
A. Develop preliminary project scope statement
B. Close Project or Phase
C. Develop project charter
D. Create WBS
Dominant service sector in the UK weakened in February, recording its lowest growth rate in nearly three years, a survey has indicated.
The latest Markit index service managers / CIPS purchasing (PMI) fell to 52.7 last month, below the 55.6 reading in January.
Any figure above 50 indicates expansion, but the increase in service sector activity was the lowest since March 2013.
The service sector represents more than three quarters of the UK economy.
Research Markit / CIPS earlier this week put manufacturing and construction PMI 50.8 to 54.2.
“The smaller increase in service activity primarily reflects a slowdown in new business expansion,” according to the survey.
The head of Markit Chris Williamson economist said: “The survey responses indicate that companies are concerned about the signs of faltering demand, but the tables have also become disturbed by concerns about the increased risk of ‘Brexit’ volatility in financial markets and low economic growth and abroad. ”
He added that the extent of the slowdown would come as a “shock” for politicians and end talk of a possible rise in interest rates.
Williamson describes three readings of PMI in February as “a triple whammy disappointing news of the investigation.”
Last week, official figures confirmed the UK economy grew by 0.5% in the last three months of 2015, the service sector has shown that the key factor driving growth.
The National Bureau of Statistics said services “dynamic” offset a “relatively slow” the rest of the UK economy.
Signs of weakening growth in the UK economy have pushed the estimate of when the Bank of England could start raising interest rates.
Commenting on the latest PMI survey, Jeremy Cook, chief economist at First World, said: “The Bank of England’s May meeting had been viewed as a possible time for a rate increase, volatility in global markets and -infligée auto injuries. put referendum on the EU not paid for that month.
“We still believe, however, that some of the measures that provide the Bank of England keeps rates at 0.5% until 2020 is nothing short of absurd.”
Martin Beck, economic adviser to EY article Club, said the PMI readings provide “plenty of food for thought” for rate setting Monetary Policy Committee of the Bank of England.
He added: “Members will have to judge the degree to which the polls deflect a real slowdown in the growth of the company, or simply reacting to negative headlines since the beginning of the year Actually, growth may be softening, but perhaps no. strongly that the survey data suggest. ”
Meanwhile, a similar survey showed that companies in the euro area have had their worst month in more than a year, in February, reinforcing the case for further easing of monetary policy by the European Central Bank.
Markit PMI final composite, which is considered a good guide for growth, fell to 53 last month from 53.6 in January – its lowest level since early 2015.
However, it was better than the preliminary reading of 52.7 and well above the 50 mark that indicates growth.