GK, PMP – lesson learned
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…
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Education Edge PMP Decoded Day 27, 28 and 29 Procurement Knowlede Area
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…
Education Edge PMP Decoded – 30 Day Sprint – Project Stakeholder Management
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…
Education Edge PMP Decoded – Project Cost Management Day 10 and Day 11)
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/…
Education Edge- PMP Decoded 28 Days Sprint Day 7,8 and 9 – Project Time Management
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…
Education Edge PMP Decoded – 28 Days Sprint – Project Scope Management (Day 4, 5 and 6)
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…
Education Edge Office Read: Cost Knowledge Area – PMBOK Guide – PMP Prep Course
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…
Education Edge Office Read PMP Prep Course- Time Knowledge Area
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…
Education Edge- Week 3 – Scope Knowledge Area, Chapter 5 PMBOK Guide
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…
Education Edge Office Read – Project Integration Knowledge Area – PMP Prep Course
Project integration Management PROCESSES (6) associated with the PROJECT INTEGRATION MANAGEMENT knowledge area 1. Develop Project Charter 2. Develop Project Management Plan 3. Direct and Manage Project Work 4. Monitor and Control Project Work 5. Perform Integrated Change Control 6.…
