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Fear of an unexpected event, is not a risk since a risk is expected (i.e. you can plan for it), an unexpected risk should be covered by the management fund.
If a project manager is worried about unexpected events that could threaten the project's success. What is the first thing the PM should do? 1. Identify project risks, then assess those risks 2. As the sponsor for additional funding to cover unexpected risks My thinking is answer 2, because a risk that you expect (whether the probability of it happening is low or not) is a risk that you have identified and can plan for. If unexpected risks occur then you have a management reserve fund for that. While the contingency fund is kept for planned risks. What do you think?
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New comment 27d ago
1 like • 27d
PMP Mindset: Adding cost should be your second or last option. Expected/Unexpected Risk: Identify, analyze, prepare response that's what you do Adding cost can be part of Risk response (using it only once it becomes issue). Sponsor/Management Reserves are included by default and are always part of project cost but using/increasing them is more of a response strategy or part of risk response.
Passed the PMP on my First Attempt! (AT/AT/T-Overall AT)
A heartfelt thanks to all the group members for your support and ideas throughout this journey. A special shoutout to @Andrew Ramdayal —you are truly a leader in PMP tutoring. Your guidance was instrumental in my success. My Study Plan: - Duration: 2-3 weeks - AR's 35-hour course: Watched the videos once (at 1.5x speed), read the slides, and revised the Process Group and Agile sections. - TIA Mock Tests: Completed 3 in study mode, 1 in exam mode (scored ~78-85%). - SH Essentials: Took multiple mini-tests and practice tests. - Question Practice: Overall, I practiced 350-400 questions. - David McLachlan's Videos: Provided valuable insights. Most importantly, my background in PGDM (Operations Management), which I completed in 2019, allowed me to relate closely to the course content. For working professionals, my advice is: don’t get caught up thinking, “The material says this, but we do it differently.” Instead, approach your studies with the mindset, “This is what the material says; how can I align my work to it?”. To understand any concept, I always visualize my own work and imagine how other departments, especially the PMO and Leadership, would approach it. This method significantly worked in my favor throughout my PMP preparation. And i believe, this perspective will help you develop the required mindset more effectively.
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New comment 26d ago
Exam Result
Do we get the result instantly or is there a lag between exam completion and result declaration?
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New comment 27d ago
0 likes • 27d
@Sunny Raman prelim comes if giving from Exam centrr
SH vs Real Test
Hi All have my exam in 2 weeks And I am just starting mocks (Study hall mini), as of now I have not given any full length test I am planning on doing that in 2 days time (SH mock and TIA mock, 8 exams). I got 45-65% in 3 mini tests and now my confidence is little shaken, is this normal the real test is easier than study hall?
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New comment 27d ago
0 likes • Aug 13
@Saravanaguru Kumaraguru Thank you Saravan 👍
0 likes • 28d
Got result as preliminary pass, hope these don’t change 😂 More than difficult it felt too much to answer 180 questions in a go Thanks again @Joanna Perz and @Saravanaguru Kumaraguru
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Rajat Lath
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15points to level up
@rajat-lath-8573
Seasoned Operations manager pivoting to PM

Active 6d ago
Joined May 6, 2024
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