Crosswind Learning

Crosswind Learning From its inception, Crosswind has remained steadfast in our philosophy to help people and businesses advance via project management.
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Founded in 2000, Crosswind Project Management, Inc. specializes in providing organizations with products and services to optimize their project management initiatives. Crosswind applies its project management training techniques and methodologies in over 45 countries around the world. Through PMP® certification and the application of project and program management knowledge and skills, Crosswind seeks to grow and expand the profession of project management. Crosswind products and services have become a trusted source to improving organizations’ bottom line.

Mission: As a PMI Registered Education Provider, our goal is to ensure the products and services provided meet or exceed our customers’ expectations. Our Quality System monitors our processes, allowing a focus on continual improvement. Crosswind is devoted to taking care of our customers, growing the business, and helping our clients realize continuous process and product improvement.

03/12/2015

TIP OF THE DAY: DAY 86

You are the project manager for a project that has ten main deliverables. One deliverable is a new version of a video merging system. You have completed the project on time and on budget. A vendor is now starting the rollout of the new software to its customers. The vendor has scheduled you to help with the rollout. What is your response to the vendor?

(A) Contact the vendor to discuss the financial cost for your help.
(B) Ask for a schedule to see what the timelines are for each installation.
(C) Tell the vendor that the scope of the project has been fulfilled, the project is closed, and you are no longer available.
(D) Consult your manager on your schedule.

03/12/2015

ANSWER DAY 85:

(B) It is used to model events that must take place within an interval that has a minimum and maximum value

Explanation: Beta distribution is used to model events that must to take place within an interval that has a minimum and maximum value. Normal distribution is used for statistical or scientific computing. Triangular distribution is used in business modeling because its parameters (minimum, most likely, and maximum) are easily understandable. The other answer is too general to distinguish a particular distribution. Crosswind Manual 11.4.1; PMBOK® Guide 11.4]

03/03/2015

TIP OF THE DAY: 85

Continuous probability distributions graphically represent uncertainty in time and cost values and are used extensively in modeling and simulation. Of the following, which best describes how beta Distribution is used?

(A) It is used for statistical or scientific computing
(B) It is used to model events that must take place within an interval that has a minimum and maximum value
(C) It is used for project related computing
(D) It is used in business modeling because its parameters (minimum, most likely, and maximum) are easily understandable

03/03/2015

ANSWER DAY 84:

(B) Firm fixed-price and cost-plus percentage of cost

Explanation: The firm fixed-price contract will satisfy the buyer because it will allow him to budget for a fixed price; for the seller, cost containment is a downside of this type of contract. The cost-plus percentage of cost will satisfy the seller because it covers all of the seller’s costs and awards a percentage of those costs as a fee; for the buyer, this type of contract can be very unfair if the seller is unethical as the seller has no incentive to control costs. Crosswind Manual 12.1.4; PMBOK® Guide 12.1.1.9]

03/02/2015

TIP OF THE DAY: DAY 84

A buyer and seller are negotiating the type of contract they will use for the project to deploy the new system nationally. Both want to obtain the best terms possible with minimal risk and both want to consummate the transaction. What type of contract would work best in this situation for the buyer and for the seller?

(A) Firm fixed-price and fixed-price incentive
(B) Firm fixed-price and cost-plus percentage of cost
(C) Firm fixed-price and time and materials
(D) Firm fixed-price and cost-plus incentive fee

03/02/2015

ANSWER DAY 83:

(C) Breaking down work where the bottom levels of the WBS represent work packages

Explanation: Breaking down work where it's a work package is the heuristic for WBS decomposition. The other answers validate the correctness of the decomposition. Crosswind Manual 5.4; PMBOK® Guide 5.4]

02/26/2015

TIP OF THE DAY: DAY 83

Which of the following best describes the lowest level of decomposition for the work breakdown structure (WBS)?

(A) Breaking down work where it’s budgeted and scheduled
(B) Breaking down work where it’s completely and clearly defined
(C) Breaking down work where the bottom levels of the WBS represent work packages
(D) Breaking down work where it’s budgeted, scheduled and completely and clearly defined

02/26/2015

ANSWER DAY 82:

(B) Graphical representation of relationships associated with process timing and interactions

Explanation: An influence diagram is a graphical representation of relationships associated with process timing and interactions. A risk analysis diagram is a graphical representation of risk probability and impact. An Ishikawa diagram is a tool to evaluate what could cause defects and is the same as a cause-and-effect diagram. The other answer is noise. Crosswind Manual 11.9; No PMBOK® Guide Reference]

02/26/2015

TIP OF THE DAY: DAY 82

The project manager has a number of diagramming techniques he can use to decompose or categorize risk. Of the following, which best describes the influence diagram?

(A) Graphical representation of risk probability and impact
(B) Graphical representation of relationships associated with process timing and interactions
(C) Graphical representation of risk owners and risks
(D) Graphical representation of possible defects and their sources

02/26/2015

ANSWER DAY 81:

(A) Project B

Explanation: With Internal Rate of Return (IRR) for a project selection technique you select the biggest percentage. In this case, Project B has the Internal Rate of Return (IRR) of 21%. Crosswind Manual 7.2; PMBOK® Guide 7.1.2.2]

02/24/2015

TIP OF THE DAY: DAY 81

You are doing some analysis associated with project selection. There is a lot of debate concerning which projects to select. You have the following to choose from: Project A with an Internal Rate of Return (IRR) of 18.2%, Project B with an Internal Rate of Return (IRR) of 21%, Project C with an Internal Rate of Return (IRR) of 13%, and Project D with an Internal Rate of Return (IRR) of 9%. If you can select only one project, which do you choose?

(A) Project B
(B) Project A
(C) Project D
(D) Project C

02/24/2015

ANSWER DAY 80:

(B) $2,071,429

Explanation: The formula for point of total assumption (PTA) is as follows:
((Ceiling Price-Target Price)/Buyer Share)+Target Cost.
$2,071,429= ($2,125,000 - $1,550,000)/0.70 + $1,250,000
Crosswind Manual 12.1.8; No PMBOK® Guide Reference]

02/20/2015

TIP OF THE DAY: DAY 80

The buyer requests the project manager to calculate the amount that could be paid in cost overruns. The project manager uses the formula for the point of total assumption and the following variables: Expected Cost=$1,250,000; Expected Profit=$300,000; Target Price=$1,550,000; Buyer/Share Ratio=70/30%; Ceiling Price=$2,125,000; Maximum Overrun=170%. What amount does he calculate?

(A) $1,967,857.00
(B) $2,071,429.00
(C) $2,320,000.00
(D) $2,589,286.00

02/20/2015

ANSWER DAY 79:

Correct Answer: (A) Meet with the sponsor to determine their concerns

Explanation: Meeting with the sponsor to determine their concerns is the best solution because it is the most proactive action to take and can provide either an immediate fix or the clearest information you can use to identify a concern or problem. The answers involving senior management are distracters because they don't deal with addressing the problem. The triple constraint answer is also a distracter. Crosswind Manual 13.1.2; No PMBOK® Guide Reference]

02/17/2015

TIP OF THE DAY: DAY 79

The distribution center project is approximately 75% complete. The project has had its challenges with resources and replacement of two project managers. As of the last status report, the project appears to be on track regarding cost, schedule and scope. Senior management lets you know that the sponsor has some very serious concerns about the project. You don't understand why, based on the last status report. What would be the best action to take first?

(A) Meet with the sponsor to determine their concerns
(B) Ignore senior management because the project is in good shape
(C) Evaluate the schedule and budget to validate the triple constraint health of the project
(D) Tell senior management that the project is in good shape

02/17/2015

ANSWER DAY 78:

(C) 0.88

Explanation: The earned value (EV) and actual cost (AC) must be calculated first. To perform this calculation, multiply the percent complete of each task by its planned value (PV), thereby providing the EV for each task. Sum the Actual Cost of each task to determine the total actual cost (AC) $1452.00. Sum the earned value of each task to determine the total earned value (EV) $1277.50. Then divide the earned value of $1277.50 by the Actual Cost of $1452. This result provides a CPI of 0.88, indicating that the project is getting $0.88 for every dollar it is spending. Crosswind Manual 7.14.1; PMBOK® Guide 7.2.2.2, 7.4.2.2]

02/13/2015

TIP OF THE DAY: DAY 78

Task A is worth $500, is 80% complete, and actually cost $500. Task B is worth $450, is 75% complete, and actually cost $402 so far. Task C is worth $600, is 90% complete, and has cost $550 so far. The total budget is $3,000. What is the cost performance index for the tasks listed?

(A) 1.10
(B) 1.11
(C) 0.88
(D) 0.84

02/13/2015

ANSWER DAY 77:

(B) The project coordinator has decision-making ability

Explanation: The project coordinator and project expeditor are similar in responsibility except that the project coordinator also has decision-making ability. Crosswind Manual 3.3.8; PMBOK® Guide 2.2.1, 2.3]

02/11/2015

TIP OF THE DAY: DAY 77

On a wireless internet access project, the team is large with 40 people, and controlling communication has been challenging for the team to make progress. The project coordinator has been used to help with this problem. What is one of the main differences between the project coordinator and the project expeditor?

(A) The project expeditor is another title for the project manager
(B) The project coordinator has decision-making ability
(C) The project expeditor is another title for project coordinator
(D) The project expeditor has decision-making ability

02/11/2015

ANSWER DAY 76:

(D) Risk analysis diagrams

Explanation: A risk analysis diagram indicates risk probability and the impact if a risk occurs. An influence diagram indicates graphical relationships associated with process timing and interactions. An Ishikawa diagram is a tool to evaluate what could cause defects and is the same as a cause-and-effect diagram. Crosswind Manual 11.2.2; PMBOK® Guide 11.1.3.1]

02/06/2015

TIP OF THE DAY: DAY 76

The financial company has just approved a project that aligns with the new market-driven strategy. The project manager is aware that a number of the stakeholders are risk-averse, so he conducts a risk review meeting for the stakeholders and explains to them how the risks were categorized. Of the following, which key tool or technique was not appropriate for decomposing or categorizing risk?

(A) Cause and effect diagrams
(B) Ishikawa diagrams
(C) Influence diagrams
(D) Risk analysis diagrams

02/06/2015

ANSWER DAY 75:

Correct Answer: (D) Low quality is always a problem, but low grade may be acceptable

Explanation: Low quality is always a problem on a project, and low grade may be acceptable to the customer. Products can have high quality but low grade in which a product does not have bugs but has low grade because of the limited features. Products can have low quality, but high grade in which a product can have many bugs with numerous features. Low quality may not be a problem, but low grade is always a problem is inaccurate. In this case, low quality is always a problem. Crosswind Manual 8.8.3; PMBOK® Guide Chapter 8 Intro]

02/05/2015

TIP OF THE DAY: DAY 75

During the control quality process, the project manager explains the difference between grade and quality to his team. Of the following, which is he most likely to say?

(A) Products can have low quality but high grade
(B) Products can have high quality but low grade
(C) Low quality may be acceptable, but low grade is always a problem
(D) Low quality is always a problem, but low grade may be acceptable

02/05/2015

ANSWER DAY 74:

(B) All of the answers

Explanation: Whenever a project ends, closing the project should be completed. This allows the team and organization to learn from what worked on the project and what did not, and formally closes out the initiative. Crosswind Manual 4.11; PMBOK® Guide 4.6]

02/04/2015

TIP OF THE DAY: DAY 74

You are the chief project manager of the PMO with your company. Your job is to analyze projects when they close and validate the effectiveness of the project effort. The project closing could be the result of when a project is complete or by any other means. When would you expect to close a project?

(A) When a project runs out of money
(B) All of the answers
(C) When a project completes the validate scope process
(D) When a project is cancelled

02/04/2015

ANSWER DAY: 73

(C) The project manager presents the most productive team member with a reserved parking place near the entrance for one month

Explanation: Reward power comes from the project manager's ability to reward an employee for good work. Formal power is derived from the project charter for the project manager. Penalty power comes from the project manager’s ability to penalize an employee when his work is inadequate. Expert power derives from expertise in a discipline. Crosswind Manual 9.1.10; No PMBOK® Guide Reference]

02/03/2015

TIP OF THE DAY: DAY 73

The project manager of the project to develop proprietary software for the accounting department uses his power to advance the project. Of the following, which is the best example of the project manager’s reward power?

(A) The project manager announces that a bonus will only be given to those who complete assigned tasks in a timely manner without sacrificing quality
(B) The project manager has a degree and 10 years of experience in financial accounting
(C) The project manager presents the most productive team member with a reserved parking place near the entrance for one month
(D) The project manager instructs the team leaders to prepare status reports for the weekly meeting

02/03/2015

ANSWER DAY 72:

(C) Contract administrator

Explanation: The Contract Administrator’s main responsibility is to protect the integrity and purpose of the contract. The Contract Administrator has the authority to change the contract. The sponsor provides the financial resources for the project. The project manager helps to ensure that the contract is executed successfully. The customer can request the changes, but the Contract Administrator must integrate these into the contract. Crosswind Manual 12.3.1; No PMBOK® Guide Reference]

02/02/2015

TIP OF THE DAY: DAY 72

You are the project manager working with the customer on a construction project. You are required to purchase and integrate a wireless communication system throughout the construction. A contract is signed with a vendor and work has begun. Halfway through the project, the customer decides to upgrade the equipment. This change will require changes to the signed contract. Who has the authority to change the contract?

(A) Project manager
(B) Sponsor
(C) Contract administrator
(D) Customer

02/02/2015

ANSWER DAY 71:

(D) Opportunity for vendors to inquire about the bids of other sellers

Explanation: Giving any vendor an opportunity to inquire about the bids of other sellers would give an unfair advantage to that vendor. Crosswind Manual 12.2.2; No PMBOK® Guide Reference]

01/30/2015

TIP OF THE DAY: DAY 71

The project manager is hosting her first bidder’s conference. Which of the following should she be sure to not be involved in at the bidder’s conference?

(A) Assurance that vendors have a clear, common understanding of the procurement
(B) Opportunity for vendors to inquire about the procurement
(C) Opportunity for vendors to respond to questions that have been incorporated into the procurement document
(D) Opportunity for vendors to inquire about the bids of other sellers

01/30/2015

ANSWER DAY 70:

(B) Closing the project

Explanation: Closing the project occurs after closing procurements. Release of resources is part of closing the project. The other answer is noise. Crosswind Manual 4.11; PMBOK® Guide 4.6]

01/29/2015

TIP OF THE DAY: DAY 70

Your DVD training project is almost complete. You have outsourced the DVD creation to an out-of-state company to complete. As the project closes down, what will be completed last?

(A) Release of resources
(B) Closing the project
(C) Closing procurements
(D) Assignment of contracts for the next phase

01/29/2015

ANSWER DAY 69:

(B) Report the project status and budget to the customer.

Explanation: Professional and social responsibility requires that a project manager report accurate and truthful information for services provided. Bill for customer the total approved contracted amount and report the current baseline project status and budget to the customer do not report honest information about the project. Implementing gold plating to make up for the difference is not part of the scope and should not be added. Crosswind Manual 14.3.4; No PMBOK® Guide Reference]

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Taking PMP Cert test April 27th after taking your boot camp taught by Fred Fendo last month.
I Passed my PMP yesterday! Because of your book and tools!! Thank you!!!😊