Chapter 3 Project Processes - Project Risk...
Transcript of Chapter 3 Project Processes - Project Risk...
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PMBOK - Edition 5
PMP Exam Prep
Chapter 3Project Processes
Project Management Body of
Knowledge
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PMBOK• Chapter 1 - Introduction
• Chapter 2 - Organizational Influences & Life Cycles
• Chapter 3 - Project Processes
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PMBOK - Edition 5
Chapter 3• What are the 5 process groups?
• What is a process?
• What occurs in each process group?
• What are the 10 knowledge areas?
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PMBOK - Edition 5
Chapter 2 ReviewWho has the most power in a projectized organization?
A. The project team B. The person funding the project C. The project manager D. The functional manager
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PMBOK - Edition 5
Chapter 2 ReviewWho has the most power in a projectized organization?
A. The project team B. The person funding the project C. The project manager D. The functional manager
![Page 6: Chapter 3 Project Processes - Project Risk Coachprojectriskcoach.com/wp-content/uploads/2015/01/PMBOK.Chp-3.pdf · PMBOK - Edition 5 PMP Exam Prep Chapter 3 Project Processes Project](https://reader031.fdocuments.in/reader031/viewer/2022022512/5ae71b1f7f8b9a3d3b8e13f4/html5/thumbnails/6.jpg)
PMBOK - Edition 5
Chapter 2 ReviewWhen is the risk exposure greatest in a project?
A. In the beginning of the project B. During execution C. Towards the end of the project D. Remains about the same throughout the
project
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PMBOK - Edition 5
Chapter 2 ReviewWhen is the risk exposure greatest in a project?
A. In the beginning of the project B. During execution C. Towards the end of the project D. Remains about the same throughout the
project
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PMBOK - Edition 5
Chapter 2 Review
What is a primary problem for team members in a matrix project structure?
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PMBOK - Edition 5
Chapter 2 Review
What is a primary problem for team members in a matrix project structure?
Each team member has two bosses
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PMBOK - Edition 5
Chapter 2 ReviewThe person who provides resources and support for the project is:
A. Senior manager B. Functional manager C. Project manager D. Sponsor
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PMBOK - Edition 5
Chapter 2 ReviewThe person who provides resources and support for the project is:
A. Senior manager B. Functional manager C. Project manager D. Sponsor
![Page 12: Chapter 3 Project Processes - Project Risk Coachprojectriskcoach.com/wp-content/uploads/2015/01/PMBOK.Chp-3.pdf · PMBOK - Edition 5 PMP Exam Prep Chapter 3 Project Processes Project](https://reader031.fdocuments.in/reader031/viewer/2022022512/5ae71b1f7f8b9a3d3b8e13f4/html5/thumbnails/12.jpg)
PMBOK - Edition 5
Chapter 2 ReviewProject stakeholders may be:
A. An individual B. A group C. An organization D. All of the above
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PMBOK - Edition 5
Chapter 2 ReviewProject stakeholders may be:
A. An individual B. A group C. An organization D. All of the above
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PMBOK - Edition 5
Chapter 2 ReviewConditions, not under control of the project team, that influence, constrain, or direct the project are:
A. Issues B. Defects C. Enterprise Environmental Factors D. Organizational Process Assets
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PMBOK - Edition 5
Chapter 2 ReviewConditions, not under control of the project team, that influence, constrain, or direct the project are:
A. Issues B. Defects C. Enterprise Environmental Factors D. Organizational Process Assets
![Page 16: Chapter 3 Project Processes - Project Risk Coachprojectriskcoach.com/wp-content/uploads/2015/01/PMBOK.Chp-3.pdf · PMBOK - Edition 5 PMP Exam Prep Chapter 3 Project Processes Project](https://reader031.fdocuments.in/reader031/viewer/2022022512/5ae71b1f7f8b9a3d3b8e13f4/html5/thumbnails/16.jpg)
What is a Process?
A set of interrelated actions and activities performed to create a pre-defined product, service, or result.
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PMBOK - Edition 5
Process Groups• Initiating
• Planning
• Executing
• Monitoring & Control
• Closing
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PMBOK - Edition 5
Initiating• Formally recognize the need for the project
• Project is authorized
• Project manger should be assigned
• Key deliverables • Project Charter • Stakeholder Analysis
Charter
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PMBOK - Edition 5
Planning• Develop the course of action • Develop project plan • Define total scope of the project • Define and refine project objectives • Explore scope, time, cost, quality,
communications, human resources, risks, procurements, and stakeholders
• Great opportunity to save resources, time, and money
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PMBOK - Edition 5
Project Plan
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PMBOK - Edition 5
Project Plan• Communications Plan
• Risk Management Plan
• Time Management Plan
• Cost Management Plan
• Procurement Management Plan
• Human Resource Management Plan
• Quality Management Plan
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PMBOK - Edition 5
PlanningWho should be involved?
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PMBOK - Edition 5
PlanningWho should be involved? All stakeholders
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PMBOK - Edition 5
Executing• Complete the work
• Build the deliverables
• Satisfy the requirements
• Large portion of the budget is expended
• Results in planning updates and rebaselining
• Project manager guides using the project plan
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PMBOK - Edition 5
Monitoring & Controlling• Track, review, and orchestrate the progress and
performance
• Measure the performance against the plan
• Control changes (Change Control)
• Take preventive and corrective actions
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PMBOK - Edition 5
Closing• Obtain acceptance
• Conduct post reviews
• Document lessons learned
• Archive project documentation
• Update organizational process assets
• Close out procurement activities
• Evaluate and release team members
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5 Process Group
10 Knowledge Areas
47 Processes
PMBOK - Edition 5
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I-TT-O
PMBOK - Edition 5
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PMBOK - Edition 5
Business Case Project Business
Results
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PMBOK - Edition 5
Business Case Project Business
Results
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Next Week Chapter 4
Project Integration Management