2:46 PM

M Bilal
no voice

2:46 PM
Ovi FarooQi
Exam Topic 44: Differentiate Prevention, Inspection, Grade and Quality

2:47 PM
Abdul Qadir
sir can u repeat

2:47 PM
Abdul Qadir
ok

2:47 PM
Shakeel Baig
back

2:47 PM
Aamer Inam
preventive is what we plan for, inspection is an audit, grade can be 1,2,3,4 and quality can be good, better, best

2:47 PM
Shakeel Baig
cant hear you

2:47 PM
Aamer Inam
grade is not quality, it is kind of feature based product

2:47 PM
Aamer Inam
we can hear u
2:48 PM
Asim Akhtar
yes

2:48 PM
Me
yep we can hear

2:48 PM
Ali Masood Sabir
Clear

2:48 PM
Abdul Qadir
yes
2:48 PM
Hassan Ur Rasheed
can’t hear you

2:48 PM
M Bilal
hang up and dial again

2:48 PM
M Bilal
i had a same issue

2:48 PM
Arsalan Qutbi
Prevention- Predictive(Before the Breakdown) , Inspection-comparing of product with scope. Grade-Spec of product

2:48 PM
Asim Akhtar
prevention is to avoid issues in a deliverable by maintaining quality at the time of producing the deliverable

2:49 PM
Aamer Inam
more enhanced feature is a high grade but its quality could be acceptable or non acceptable

2:49 PM
Asim Akhtar
While inspection is to identify the quality issues in a deliverable

2:49 PM
Me
can we say that swift is the best grade of suzuki (low) quality car

2:50 PM
Ovi FarooQi
Prevention is the work we are doing before producing the deliverable
2:50 PM
Ovi FarooQi
Inspection is the work we are doing after producing the deliverable

2:53 PM
Ovi FarooQi
Detergents

2:53 PM
Ovi FarooQi
one example Surf Excel Versus Bonus

2:53 PM
Ovi FarooQi
both are of same company
2:53 PM
Ovi FarooQi
but surf excel is a high grade product

2:54 PM
Ovi FarooQi
and bonus is low grade product

2:54 PM
Ali Masood Sabir
Ok

2:54 PM
Ovi FarooQi
Exam Topic 45: Differentiate Cost of Conformance versus Cost of Non Conformamnce?

2:55 PM
Me
after sales issues are the cost of NC and research and delopment activities prior to sale is the cost of Conformance

2:55 PM
Aamer Inam
cost of conformance is what we can plan about and cost of non conformance is quite an unknown unknown

2:56 PM
Asim Akhtar
pmbok ref?

2:56 PM
Aamer Inam
depending upon the kind of issues we face

2:57 PM
Abdul Qadir
cost of non conformance is the faliure cost
2:57 PM
Asim Akhtar
cost of conformance - appraisal cost

2:58 PM
Asim Akhtar
cost of non confr - Failure Cost

2:59 PM
Ovi FarooQi
Exam Topic 46

2:59 PM
Ovi FarooQi
Exam Topic 46: What arer examples of Qiuality Metrics?
3:00 PM
Abdul Qadir
customer rating qualitycontrol defect rate

3:00 PM
Faisal Memon
Cost control. on time performance.

3:00 PM
Faisal Memon
Failure rate

3:01 PM
Arsalan Qutbi
Defects per product

3:02 PM
Abdul Qadir
sir how we can define quality matrix in service projects

3:03 PM
Abdul Qadir
yes

3:03 PM
Abdul Qadir
thnx

3:03 PM
Ovi FarooQi
Exam Topic 47: Why we need RAM ?

3:04 PM
Syed Ali Aziz
To clearly identify who will be doing what?
3:04 PM
Arsalan Qutbi
To dedicate the responisbility on different activitites on project

3:04 PM
Me
to know about the set of responsibilities of each player of a project team

3:04 PM
Fahad Abbas
To know.the roles and responsibilities of human resources

3:04 PM
Abdul Qadir
to define appropiate role in project
3:05 PM
Faisal Memon
To increase team communication and efficiency

3:05 PM
Arsalan Qutbi
To have client or contractor responsibilities

3:05 PM
Abdul Qadir
to contact whom in different project phases

3:06 PM
Asim Akhtar
provdes a picture of project resources vs each work package

3:06 PM
Me
it also tells the percentage of involvement of each player

3:06 PM
Syed Ali Aziz
Also to avoid multiple people doing the same job

3:06 PM
Ovi FarooQi
Responsibility Assignment Matrix

3:07 PM
Ovi FarooQi
one utilization, we can identify who is doing what activity or workpackage in. a project

3:07 PM
Me
also tells who is responsible and accountable for the job
3:08 PM
Ovi FarooQi
RAM is a political document which helps to align expectation of different departments or units on a given work package

3:08 PM
Ovi FarooQi
RACI chart

3:08 PM
Ovi FarooQi
Responsible

3:08 PM
Ovi FarooQi
Accountable
3:08 PM
Ovi FarooQi
Inform and consult

3:08 PM
Asim Akhtar
48

3:09 PM
Ovi FarooQi
Exam Topic 48: What are key components of Resource Management Plan ?

3:09 PM
Abdul Qadir
scope

3:10 PM
Arsalan Qutbi
Identify resources, how to develop them, etc.

3:10 PM
Syed Ali Aziz
Schedule

3:11 PM
Abdul Qadir
scope of the project

3:11 PM
Asim Akhtar
identification & acquiring of resources, assign responsibilities, training, team development, resource contro, recoginition
plan, org chart

3:11 PM
Faisal Memon
Labour cost. Equipment and material cost

3:11 PM
Faisal Memon
Labor*

3:12 PM
Asim Akhtar
but this resource management plan includes both human and non human right?

3:12 PM
M Zeeshan Sarwar Ch
Yes

3:12 PM
Abdul Qadir
which resource can used and release in different phases of project
3:13 PM
Ovi FarooQi
Exam Topic 49: What is the benefit of Resource Histogram?

3:14 PM
Syed Ali Aziz
You get the idea / plan when do you need a particular resource

3:14 PM
M Zeeshan Sarwar Ch
Accuracy in the project timelines while executing the PM.

3:14 PM
Arsalan Qutbi
To get an estimation of how mnay resources involve in different stages/phases of project

3:14 PM
Aamer Inam
idea about getting resource output for monitoring adn tracking purpose

3:14 PM
Asim Akhtar
resources vs project duration & phases

3:15 PM
M Zeeshan Sarwar Ch
More related to the cost as well.

3:15 PM
Syed Ali Aziz
when and for much time a resorce is needed through out the project

3:15 PM
Asim Akhtar
that is which resource is used for which phase during which timeline of project
3:15 PM
Me
the magnitude of the resource to be involved in the project activity

3:15 PM
Ovi FarooQi
At what time , how many and which type of resource

3:15 PM
Ovi FarooQi
Vertical Bar chart diagram

3:17 PM
Ovi FarooQi
Exam Topic 50: Difference between Resource Breakdown Structure and Project Organization Chart?
3:17 PM
Syed Ali Aziz
Major difference between Resource Breakdown and Resource Histogram are?

3:17 PM
Syed Ali Aziz
Timeline

3:17 PM
Arsalan Qutbi
RBS-describes about the project humanresources where POC-describes about project humnaresources+supportive depts too

3:18 PM
Abdul Qadir
resource

3:18 PM
Syed Ali Aziz
I mean engagement time period?

3:18 PM
Aamer Inam
resource break down in terms of resource roles and responsibilities

3:18 PM
Aamer Inam
organization chart is a hirarchy

3:19 PM
Aamer Inam
so that can tell project sponsor ->PM->Team may be

3:19 PM
Abdul Qadir
POC is to give brief who is resposible for which part of the project
3:20 PM
Abdul Qadir
mean to say focal point

3:21 PM
Arsalan Qutbi
In RBS we dont give names?

3:22 PM
Arsalan Qutbi to me
ha larkay

Reply in private

3:22 PM
Ovi FarooQi
Exam Topic 51: What is the benefit to calculate communication channels for project?
3:22 PM
Aamer Inam
like in a project we need 2 technical resources, 2 business analyst, 2 infra resources e.g

3:22 PM
To Arsalan Qutbi
yep

3:22 PM
Aamer Inam
yes

3:22 PM
Aamer Inam
of 50

3:23 PM
Syed Ali Aziz
To identify the possibility of communications in a project. which also tell complexity.

3:23 PM
Arsalan Qutbi
Benefit is that we usually take care of that mode of channel as checking of emails or checking of postmails etc.

3:24 PM
Abdul Qadir
to keep project on track

3:24 PM
Fahad Abbas
Is it a PM responsibility to calculate communication channels?

3:24 PM
M Zeeshan Sarwar Ch
Uninterrupted or gapless communications with between team and stakeholders to avoid complex issue unaddressed.
3:24 PM
Abroo
can you repeat the question?

3:24 PM
Aamer Inam
i think there is a formula

3:25 PM
Aamer Inam
like n(n-1)/n

3:25 PM
navaidshameem@outlook.com
Yes, I am here
3:25 PM
Ovi FarooQi
N ( N-1) / 2

3:25 PM
Aamer Inam
ok divided by 2

3:25 PM
navaidshameem@outlook.com
just absorbing the details

3:26 PM
Shakeel Baig
The formula you mentioned above can you elaborate

3:26 PM
Fahad Abbas
So that communication can be shared between project team and stakeholders in effective way

3:26 PM
Nabeel Arshad
10 teams

3:26 PM
Shakeel Baig
12

3:26 PM
Hassan Ur Rasheed
10

3:26 PM
navaidshameem@outlook.com
10
3:27 PM
Nabeel Arshad
45

3:27 PM
Ovi FarooQi
10 ( 10 - 1) /2 = 10 * 9 /2 = 45

3:28 PM
Ovi FarooQi
Exam Topic 52: What are components of Communication Management Plan?

3:29 PM
M Zeeshan Sarwar Ch
Will we get QnA after the session ?
3:30 PM
Aamer Inam
how to communicate, medium, frequency, to whom like that ?

3:30 PM
M Zeeshan Sarwar Ch
That we are going through to prepare for PMP

3:30 PM
Arsalan Qutbi
Type,Mode,responsiblity

3:30 PM
Aamer Inam
we dont have the updated one

3:30 PM
Aamer Inam
with questions

3:30 PM
Arsalan Qutbi
you will send?

3:30 PM
M Zeeshan Sarwar Ch
Thanks.

3:31 PM
Aamer Inam
so hope u will give that to us as well :D

3:31 PM
Fahad Abbas
This year students has the updated one?
3:31 PM
Aamer Inam
nice

3:31 PM
Arsalan Qutbi
Please also share it on whatsapp group

3:31 PM
Nabeel Arshad
The 10 days road map ?

3:31 PM
Fahad Abbas
Then we will be needed the updated one
3:31 PM
Aamer Inam
hahaahah

3:31 PM
Fahad Abbas
June 2019 batch

3:31 PM
Arsalan Qutbi to me
sun lena hai ye 10 days plan

Reply in private

3:31 PM
M Zeeshan Sarwar Ch
July

3:31 PM
Arsalan Qutbi to me
yadd rakhna

Reply in private

3:32 PM
M Bilal
July

3:32 PM
Arsalan Qutbi
Sept

3:32 PM
M Bilal
14 day roadmap we have

3:32 PM
navaidshameem@outlook.com
I am from Mar 2019

3:32 PM
To Arsalan Qutbi
last sept

3:32 PM
Arsalan Qutbi
2018

3:32 PM
navaidshameem@outlook.com
i have 21 days roadmap

3:32 PM
Abdul Qadir
dec 2018
3:32 PM
M Zeeshan Sarwar Ch
That's great

3:32 PM
navaidshameem@outlook.com
Great

3:33 PM
M Zeeshan Sarwar Ch
Agreed. Great idea

3:34 PM
navaidshameem@outlook.com
I am In ;)

3:34 PM
Aamer Inam
yeah

3:34 PM
Muhammad Umar Iqbal
What about LinkedIn?

3:34 PM
Nabeel Arshad
So we need to answer those questions. as comments. !!

3:34 PM
Abdul Qadir
ok done insha ALLAH

3:34 PM
Nabeel Arshad
Great
3:34 PM
Shakeel Baig
Inn Sha Allah

3:35 PM
Ovi FarooQi
Type of meeting

3:35 PM
Ovi FarooQi
Time of meetings

3:35 PM
Ovi FarooQi
frequency of meetings
3:35 PM
Abdul Qadir
sir this is after kom

3:35 PM
Ovi FarooQi
manage minute of meetings

3:35 PM
Ovi FarooQi
Communications log

3:35 PM
Ovi FarooQi
Decision Log

3:35 PM
Ovi FarooQi
Action Item log

3:36 PM
Junaid
Kick off meeting I guess

3:37 PM
Ovi FarooQi
Exam Topic 53: What is the purpose of Risk Management Plan and their key components?

3:38 PM
Abdul Qadir
to identify uncertainity

3:38 PM
Junaid
To identify risk, prioritize, and plan elimination/take mitigation measures
3:38 PM
Arsalan Qutbi
Purpose is to identify the risk that occur btw the projects and how to manage them

3:38 PM
M Bilal
how we going to manage risk

3:38 PM
Fahad Abbas
To prevent from failures or uncertainity

3:38 PM
M Zeeshan Sarwar Ch
To document the inherent risk, it treatment during the project.
3:38 PM
M Bilal
document risk

3:38 PM
navaidshameem@outlook.com
How to manage risk

3:38 PM
Aamer Inam
purpose is to how to do risk mangement

3:39 PM
Fahad Abbas
should these wrong answers be posted as well on facebook?

3:40 PM
navaidshameem@outlook.com
Define processes in response to against each probable risk in your project

3:40 PM
Arsalan Qutbi
To document how we do management of risk

3:40 PM
Ovi FarooQi
Risk Managementg Plan is process document

3:40 PM
Ovi FarooQi
it guides how we will manage risks in a project

3:40 PM
Ovi FarooQi
It also provides the definition of risk
3:40 PM
Ovi FarooQi
which are high risks or low risks

3:40 PM
Ovi FarooQi
what is the threshold of high or low risk

3:41 PM
Ovi FarooQi
what are the definition of impact

3:41 PM
Abdul Qadir
sir it is related to technical or financial
3:41 PM
Ovi FarooQi
so if you are saying it is a high risk that what is meaning of high in your project

3:41 PM
Abdul Qadir
sir it is related to technical or financial
sir it is related to technical or financial
risk

3:42 PM
To Arsalan Qutbi
all that have adverse impact on time, scope or quality

3:42 PM
Fahad Abbas
Probability Impact matrix can also be a component?

3:42 PM
To Organizer(s)
all that have adverse impact on time cost or quality

3:42 PM
Abdul Qadir
sir in my last project we got an issue with existing product which was not calculated

3:42 PM
To Organizer(s)
changed to otgainers now

3:43 PM
To Organizer(s)
okiee

3:43 PM
Arsalan Qutbi
@Abdul Qadeer please share example
3:43 PM
Me
done

3:43 PM
Arsalan Qutbi
One example is hiring of 3rd party contractor for construction equipments

3:44 PM
Abdul Qadir
we sold the exisiting product which is running on different plant but as per the size of the plant same product got some fault

3:44 PM
Arsalan Qutbi
@I think this was the example of scope rather than risk
3:44 PM
Abdul Qadir
we end with new product with lot of man hours to finish the project

3:45 PM
Me
we didnt but put liquidity damage claims to contractor on project delay

3:46 PM
Ovi FarooQi
Exam Topic 54: What are Data Analysis techniques used to identify project risks?

3:47 PM
Arsalan Qutbi
Mitigate,Transfer,Accept,Neglect

3:47 PM
Syed Ali Aziz
Root cause analysis

3:48 PM
Ovi FarooQi
11.2

3:48 PM
Fahad Abbas
Decision Tree

3:48 PM
Ovi FarooQi
Data Analysis Techniques in Identify Risks

3:48 PM
Ovi FarooQi
1- Root Cause Analysis / Fish borne
3:48 PM
Ovi FarooQi
5- Why

3:48 PM
Fahad Abbas
Ishikawa Diagrams also called fishbone

3:49 PM
Ovi FarooQi
2- Assumptions

3:49 PM
Ovi FarooQi
3- SWOT
3:49 PM
Arsalan Qutbi
This is done after we have risk in our project?

3:49 PM
Ovi FarooQi
4- Document Analysis

3:50 PM
Abdul Qadir
lesson learn we can use for risk analysis

3:50 PM
Ovi FarooQi
Exam Topic 55: What is the difference between Risk Register and Risk Report?

3:51 PM
Arsalan Qutbi
Risk register-on going doc while Risk report is the document develop after the risk

3:51 PM
Abroo
risk report contains the summary of individual risks

3:51 PM
Abdul Qadir
risk register is prioritize risk

3:52 PM
Syed Ali Aziz
Risk register is the list of identified risk whil risk report is the snaphost at the point of time

3:52 PM
Me
risk register just have the risk rocord
3:52 PM
navaidshameem@outlook.com
Risk Register is used to dosument the occurance of risk

3:52 PM
Me
register just record

3:52 PM
Shakeel Baig
Risk Reports have Logs and Risk Reports have all previous and current issues

3:53 PM
Arsalan Qutbi
Risk register tell about the risk, Risk Report tell about the consequences
3:53 PM
Abdul Qadir
risk report is for overall project risk

3:53 PM
Me
report also gives the depgth information of risk

3:53 PM
Abroo
example?

3:54 PM
Abroo
perfect example:p

3:55 PM
Ovi FarooQi
Exam Topic 56

3:55 PM
Ovi FarooQi
Exam Topic 56

3:55 PM
Abdul Qadir
sir i am not getting clear vioce

3:55 PM
M Zeeshan Sarwar Ch
Yes

3:55 PM
Aamer Inam
nope
3:55 PM
Abroo
no

3:55 PM
Aamer Inam
pretty clear

3:55 PM
Arsalan Qutbi
your voice is cleared

3:55 PM
Nabeel Arshad
we can hear you properly
3:55 PM
Faisal Memon
It's clear

3:55 PM
M Bilal
clear

3:55 PM
Syed Ali Aziz
I am getting clear

3:56 PM
Abroo
clear

3:56 PM
Shakeel
no ur voice is clear

3:56 PM
Abdul Qadir
i will connect again

3:56 PM
Muhammad Umar Iqbal
Clear enough

3:56 PM
M Zeeshan Sarwar Ch
Now clear

3:56 PM
Ovi FarooQi
Exam Topic 56: What is the difference between Qualitative versus Quantitative Risk management?
3:57 PM
Syed Ali Aziz
Qualitative = prioritizing risk

3:57 PM
Abroo
qualitative is related to prioritizing individual risks

3:57 PM
Syed Ali Aziz
Quantitative = risk's overall impact on proect

3:58 PM
Abdul Qadir
qualitative is to focus on high priority risk
3:58 PM
Nabeel Arshad
Qualitive are from expert judgement

3:58 PM
Aamer Inam
like risk impact in terms of a number (risk score)

3:58 PM
Abroo
which can be further analyzed numerically (if required) in quantitative

3:58 PM
Aamer Inam
this is quantitative

3:58 PM
Arsalan Qutbi
Qualitative is more towards how the risk prioritize

3:58 PM
Aamer Inam
is not qualitative more subjective

3:59 PM
Ovi FarooQi
Qualitative RIsk analysis is more SUbjective

3:59 PM
Ovi FarooQi
we do probability impact matrix to calculate the risks

3:59 PM
Ovi FarooQi
Quantitative is more objective
4:00 PM
Ovi FarooQi
Quantitative risk analysis process can be optional

4:00 PM
Aamer Inam
the end time is 5 PM

4:00 PM
Aamer Inam
we are at 4 PM now

4:00 PM
Aamer Inam
sure
4:00 PM
Arsalan Qutbi
when to close the session?

4:01 PM
Nabeel Arshad
57

4:01 PM
Ovi FarooQi
Exam Topic 58: Why we need to calculate Expected Monetary value of Risks?

4:02 PM
Fahad Abbas
Question : risk with high probality and low impact compare with risk with low probability and high impact. Which risk has the
highest priority?

4:02 PM
Aamer Inam
like what is important and urgent

4:03 PM
Aamer Inam
plan/respond the risk that can have more impact in terms of monetary value

4:03 PM
Nabeel Arshad
So that we can compare the risk with the cost, and can calculate contengency reserves

4:03 PM
Me
to make up the project budget?

4:03 PM
Syed Ali Aziz
To keep contigency reserves to response to those risk which occur
4:03 PM
Abdul Qadir
how much money can be expected from the certain decision

4:04 PM
Nabeel Arshad
This is the same I wrote :)

4:05 PM
Ovi FarooQi
EMV helps to calculate Contingency Reserves

4:05 PM
Ovi FarooQi
EMV also can be utilize in Decision Tree method
4:06 PM
Ovi FarooQi
Exam Topic 57: How we prioritize project risks?

4:06 PM
Me
through probability impact matrix

4:06 PM
Me
higher the number

4:06 PM
Junaid
Based on impact on the project, in terms of time and cost

4:07 PM
Me
higher risks to be entertained first

4:07 PM
Me
higher the numnber higher the risk

4:07 PM
Nabeel Arshad
By looking at urgency, Porximity , connectivity etc

4:08 PM
Me
Probability impact matrix comes in quantitative risk assesment. But you said its optional... why?

4:08 PM
Ovi FarooQi
HIgh Probability - Low Impact - High Priority RIsk
4:09 PM
Ovi FarooQi
Low Probability - HIgh Impact- Low Priority Risk

4:09 PM
Me
probability impact matrix numbers have

4:09 PM
Me
ok sir

4:09 PM
Junaid
So in conclusion, probability matters
4:10 PM
M Zeeshan Sarwar Ch
If your project is Karachi then high priority for the PM too.

4:10 PM
Nabeel Arshad
High Probability High impact wil have the Highest priority ?

4:11 PM
Me
the number values allocated in Probability Impact Matrix adresses all complexities for decision making

4:11 PM
Ovi FarooQi
Exam Topic 59: Why we need to perform sensitivity analysis?

4:12 PM
Abroo
while we’re at it, can you also touch simulation topic (monte carlo analysis)?

4:12 PM
Abdul Qadir
to identify which risk has highest potential

4:13 PM
Nabeel Arshad
Helps to determine the sensivity of an individual risk. and sources for the impact on project

4:13 PM
Me
helps to track the sensivity of risk on the project outcome

4:13 PM
M Zeeshan Sarwar Ch
How much urgency involved and from which act it can be disturbed to complete.
4:14 PM
Fahad Abbas
To determine which individual project risks have the highest potential impact

4:15 PM
Shakeel Baig
mean overall

4:15 PM
Ovi FarooQi
tornado diagram

4:16 PM
Me
sir can you name some softwares regarding risk management?
4:16 PM
Ovi FarooQi
impact of one risk on other risks

4:16 PM
Me
ok

4:16 PM
Shakeel Baig
this gives all are related to eachothers

4:16 PM
Ovi FarooQi
Exam Topic 60: What are positive risk response strategies?

4:17 PM
navaidshameem@outlook.com
Enhace and Accept

4:17 PM
Syed Ali Aziz
To exploit positive risks as they are opportunities

4:17 PM
M Bilal
exploit

4:17 PM
Nabeel Arshad
Escalate and Exploit

4:17 PM
M Zeeshan Sarwar Ch
Treat risk according to the apitite of the project.
4:17 PM
Faisal Memon
Exploit and share

4:18 PM
Ovi FarooQi
What is the difference between Enhance and Exploit

4:18 PM
Nabeel Arshad
Share, Enhance,

4:18 PM
Asim Akhtar
exploit is to use it as a positive challenge to project
4:18 PM
M Bilal
enhance = let

4:18 PM
M Bilal
enhance = let it continue

4:18 PM
Asim Akhtar
enhance is to revamp ur project activities

4:18 PM
Abroo
enhance is increasig the probabilty of its occurence

4:19 PM
Abroo
like if we can finish design of a product in 5 days and there’s a high chance of gettig jt done in 3 days by adding more
resource

4:20 PM
Abroo
so making sure that we can another resource

4:20 PM
Ovi FarooQi
Enhance is to add more time cost or resource to achieve it

4:21 PM
Ovi FarooQi
Exploit is to make sure that positive risk occurs, and let say you can influnce or utilize more senior or experienced resource

4:21 PM
Fahad Abbas
Can we say Crashing is enhance?

4:21 PM
Abroo
exploit is looking somehow same

4:22 PM
Abroo
sir any other example?

4:22 PM
Syed Ali Aziz
Crashing in not done in positive risk - right?

4:23 PM
Abroo
thanks understood
4:24 PM
Syed Ali Aziz
Yup. Thanks

4:24 PM
Ovi FarooQi
Exam Topic 61: What are negative risk response strategies?

4:24 PM
Aamer Inam
avoid. transfer

4:24 PM
Aamer Inam
or mitigate

4:24 PM
Faisal Memon
Avoid transfer mitigate accept

4:24 PM
Fahad Abbas
Escalate,

4:25 PM
M Bilal
transfer buy an insurance to transfer risk

4:25 PM
navaidshameem@outlook.com
Avoid Transfer mitigate

4:25 PM
Me
avoid and transfer
4:25 PM
Syed Ali Aziz
Avoid, Transfer, Mitigate

4:25 PM
Ovi FarooQi
Avoid and mitigate

4:25 PM
navaidshameem@outlook.com
Avoid: Try to minimize the probability of occurrance

4:25 PM
Abroo
mitigate is minimizing like having a prototype before the final product
4:25 PM
M Bilal
mitigate - use umrbrella when raining outside

4:25 PM
Me
when it is impossible to avoid we try to mitigate

4:25 PM
navaidshameem@outlook.com
Mitigate: Try to minimize the impact of risk

4:25 PM
Fahad Abbas
Avoid risk doesnt occur and action taken before

4:26 PM
Faisal Memon
Decrease probability

4:26 PM
Faisal Memon
Is mitigate

4:26 PM
Faisal Memon
Yes

4:26 PM
Arsalan Qutbi
Avoid is to see this as non-risk and mitigate is to make the method to positivate

4:26 PM
Nabeel Arshad
avoid is to eleminate the threat. Mitigation is when you cannot eleminiate we try to minimize the threat
4:26 PM
M Zeeshan Sarwar Ch
Avoid is to not engage in the activity carrying risk.
Mitigate is dividing into further activities involved.

4:26 PM
Abroo
does avoid means active acceptance of risk?

4:26 PM
Me
for example raining we can avoid it but mitigate it by doing some appropriate measures

4:27 PM
Aamer Inam
lol
4:27 PM
Nabeel Arshad
Theif wants both

4:27 PM
Muhammad Umar Iqbal
Getting smarter

4:27 PM
Aamer Inam
may be he ask for cash to buy a neweer one :D

4:27 PM
Nabeel Arshad
this is enahncing risk

4:27 PM
Abroo
🤣

4:28 PM
Ovi FarooQi
Exam Topic 62: Differentiate Contract Types?

4:28 PM
Ovi FarooQi
Fixed Price Contracts

4:29 PM
Arsalan Qutbi
lso called lum-sum?

4:29 PM
Ovi FarooQi
Cost Reimbursable Contracts
4:29 PM
Ovi FarooQi
Time and Material

4:31 PM
Ovi FarooQi
Exam Topice 63: Differentiate Procurement Management Plan and Procurement Strategy

4:31 PM
Nabeel Arshad
Can you please repeat the page number??

4:31 PM
Faisal Memon
Pmbok reference agaiy please
4:31 PM
Faisal Memon
Ok

4:32 PM
navaidshameem@outlook.com
Proc Mang Plan: How Procurement will be done against deliverables req

4:32 PM
Fahad Abbas
475 and 476 page no

4:32 PM
Arsalan Qutbi
PMP is the process document stated that how we do procurement .While Procurement strategy is to finalization of process
for procurement

4:32 PM
Abroo
sir do we need to understand different delivery methods mentions ? like build operate own transfer and all

4:32 PM
Abroo
methods*

4:32 PM
navaidshameem@outlook.com
Proc Mang Strategy: How items will be procuurred against time, delivery, benefit, cost etc

4:34 PM
Asim Akhtar
A formal or informal document that details the steps taken for carrying out procurement

4:34 PM
Asim Akhtar
proc plan
4:35 PM
Aamer Inam
strategy could be outsouring the procurement, produce inhouse, supplier selection/optimization, vendor management etc
[this is for procurement strategy]

4:36 PM
Asim Akhtar
proc strategy is to identify delivery methods and payment types. However procurment plan list down the process to perform
procurement

4:40 PM
Ovi FarooQi
Exam Topic 64: What are stakeholder engagement classifications?

4:40 PM
Ovi FarooQi
Unaware
4:40 PM
Ovi FarooQi
Neutral

4:40 PM
Ovi FarooQi
Resistant

4:40 PM
Ovi FarooQi
Supportive

4:40 PM
Ovi FarooQi
Leading

4:41 PM
Ovi FarooQi
Exam Topic 65: What are key components of Stakeholder Engagement Plan?

4:42 PM
Syed Ali Aziz
Stakeholder Register

4:42 PM
Abroo
stakeholder register is created in initiation

4:43 PM
Abroo
assesment matrix

4:44 PM
navaidshameem@outlook.com
The process to enagage relevant stakeholders throughtoout project life cycle
4:44 PM
Abroo
so we can have strategies to improve/promote involvement of stakeholders?

4:44 PM
M Zeeshan Sarwar Ch
Engaging stakeholders who are little reluctant and make more discussion to convince

4:45 PM
Nabeel Arshad
is Communication management plan is a component of stakeholder engagement plan?

4:45 PM
Nabeel Arshad
ok thanks