Risk Knowledge Area Summary § 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…
Project Communication Summary § 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…
Plan Human Resource Management Something very important from exam standpoint – 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…
Some Quality Review Points § 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…
Some Cost Review Points § 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/…
Project Time Management 1.1 Define Activities 1.2 Sequence Activities 1.3 Estimate Activity Resources 1.4 Estimate Activity Durations 1.5 Develop Schedule 1.6 Control Schedule Plan Schedule Management § define policies, procedures and documentation for managing and controlling project schedule § including scheduling methodology, tools, level of…
Project Scope Management § 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…
Guidelines for Integration Knowledge Area Education Edge Presents “PMP DECODED” Program Vision and Mission: PMP Certified Values that we will demonstrate: Hardwork, Diligence and Productive behavior. Most importantly accountability towards self. Goal: Getting ready for Education Edge 200 Question Exam on May 20…
Project Quality Management Project Quality Management determines quality policies, objectives, and responsibilities so that the project will satisfy the needs for which it was undertaken. Project Quality Management supports continuous process improvement activities as undertaken on behalf of…
Cost Management Knowledge Area: Project Cost Management includes the processes involved in planning, estimating, budgeting, financing, funding, managing, and controlling costs so that the project can be completed within the approved budget. Project Cost Management is primarily concerned…
PMBOK Chapter 6 – Project Time Management Processes: Plan Schedule Management (Planning) Define Activities (Planning) Sequence Activities (Planning) Activity Resource Estimate (Planning) Activity Duration Estimate (Planning Develop Schedule (Planning) Control Schedule (Monitoring and Controlling) Plan Schedule Management The…
Project Scope Management Office Read Project Scope Management includes the processes required to ensure that the project includes all the work required, and only the work required, to complete the project successfully. Managing the project scope is primarily concerned…
