PMP Formula of the Week: Rent, Lease or Buy?

You are the project manager on a construction project where you are deliberating between renting, leasing or purchasing a large piece of equipment. Equipment pricing: Rent at a cost of $2,500 per day; Lease for a 60 day period at $2,500 per day, with a 10% discount; Purchase at a price of $100,000. By looking at your project schedule, you have estimated that you will use the equipment about 50 to 60 days. Based only on price, which decision would you recommend?

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Understanding Next Hop Resolution Protocol Commands

Next Hop Resolution Protocol (NHRP) is a resolution protocol that allows a Next Hop Client (NHC) to dynamically register with Next Hop Servers (NHSs). With the Dynamic Multipoint Virtual Private Network (DMVPN) design the NHC is the spoke router and the NHS is the hub router. Once all clients are registered, spoke routers can discover other spoke routers within the same non-broadcast multiple access (NBMA) network.

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Q&A: The Impact of IIBA’s New BABOK Guide and PMI’s New Business Analysis for Practitioners Guide

The release of both the IIBA’s A Guide to the Business Analysis Body of Knowledge Guide v3 and the Project Management Institute’s Business Analysis for Practitioners has given business analysts a lot of information to process. To help make sense of things, Global Knowledge instructors Cheryl Lee and Adam McClellan joined forces to educate attendees on the differences between the two guides, how both guides compare to the previous version of the BABOK Guide, and where all this might be going.

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PMP Formula of the Week: Point of Total Assumption

Your organization and a seller have just agreed to a contract with a total cost of $150,000, an estimated profit of $10,000, buyer/seller sharing of 70/30 and a ceiling price of $170,000. What is the PTA (point of total assumption)? A. $170,000 B. $160,000 C. $164,286 D. $166,453 Related Resources PMP Exam Prep Mobile App […]

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Humana’s Innovative Approach to Delivering a Superb Customer Experience

With the recent shift in the insurance landscape and healthcare laws, many consumers are feeling overwhelmed, if not discouraged, when trying to figure out which plan is best suited for them. In response, insurance carriers are seeking out ways to simplify the consumer purchasing experience and become more effective and efficient.

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