Knowledge Area #9 – Procurement Critical Highlights: • Procurement Statement of Work (SOW) is a legal document subject to legal reviews, legal advise should be sought throughout the whole procurement process • sellers are external to the project team • need to go through all…
Knowledge Area #7 – Risk Critical Highlights: • Risk identification, management and response strategy impacts every area of the project management life cycle • everyone is responsible for identifying risks • Risk has one or more causes and has one or more impacts • Risk…
Knowledge Area #7 – Communication Critical Highlights: • Assure the timely collection, generation, distribution, storage, retrieval and ultimate disposition of project information • Very important to the ultimate success of the project • Message transmission: 7% in word, 38% in vocal pitch, 55% in body language (Albert Mehrabian)…
Knowledge Area #6 – Human Resource Critical Highlights: • Sexism, racism or other discrimination should never be tolerated, no matter what the circumstances. You must separate your team from discriminatory practices, even if those practices are normal in the country where…
Knowledge Area #5 – Quality Critical Highlights: • Everyone in the organization is responsible for the quality (project team for destined parts while PM for project quality), PM is ultimately responsible for the project quality • Prevention over inspection • Outliers are singular measurements outside…
Knowledge Area #4 – Cost Critical Highlights: • sunk cost – cost already incurred in the past and cannot be recovered, do not consider anymore • opportunity cost – difference in value between one path vs alternative (= 100% of value of next best alternative) • value analysis/…
Education Edge Canada – Time Knowledge Area course Knowledge Area #3 – Time Critical Highlights: • Define policies, procedures and documentation for managing and controlling project schedule • Include scheduling methodology, tools, level of accuracy, control thresholds (limit beyond which preventive/corrective actions needed),…
Knowledge Area #2 – Scope Critical Highlights: • Ensure the inclusion of all and only the work required to complete the project successfully • Product Scope – requirements needed to be fulfilled to create the product, assessed against the product requirements and WBS • Project Scope – activities and processes needed…
Knowledge Area #1 – Integration Critical Highlights: • Integration management is needed when processes interact or in other words integration knowledge area overlaps all other knowledge areas to identify, combine, unify and coordinate various processes/activities and manage the interdependencies • Communication is most important aspect of integration • a PM…
Hi Team, My regrets for late update since I was caught up with deadlines. The whole team is inspirational and we usually get a push every time each one you pass the exam and conquer the peaks. I’d like…
Procurement Knowledge Area Summary § Procurement Statement of Work (SOW) is a legal document subject to legal reviews, legal advise should be sought throughout the whole procurement process § sellers are external to the project team § need to go…
Project Stkeholder Summary § stakeholders are groups/individuals who may affect / be affected by the project § identify stakeholders is a continually process throughout the project lifecycle § identify stakeholders, communicate and engage them, manage expectations and focus on satisfaction § stakeholder…
