PMI Exam Study Notes

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Transcript of PMI Exam Study Notes

  • 1.PMI Exam Study NotesPMHUB PMP Study notes IK v6.0 TABLE OF CONTENTS PROJECT MANAGEMENT KNOWLEDGE AREAS..................................................................................................................2 PROJECT LIFE CYCLE / PROJECT MANAGEMENT PROCESS GROUPS ..........................................................................6 SCOPE..........................................................................................................................................................................................7 HUMAN RESOURCE...................................................................................................................................................................8 COMMUNICATIONS...................................................................................................................................................................9 TIME...........................................................................................................................................................................................11 COST...........................................................................................................................................................................................12 RISK............................................................................................................................................................................................14 QUALITY....................................................................................................................................................................................15 PROCUREMENT.......................................................................................................................................................................16 INTEGRATION...........................................................................................................................................................................19 PROFESSIONAL RESPONSIBILITIES.....................................................................................................................................19POSSIBLE EXAM QUESTIONS..............................................................................................................................................20Page 1 of 23Last Updated

2. PMI Exam Study NotesPMHUB PMP Study notes IK v6.0 PROJECT MANAGEMENT KNOWLEDGE AREASKnowledge AreasMajor Processes Primary Inputs Tools & Primary Outputs Techniques INTEGRATIONProject Plan DevelopmentCreate a consistent, coherent documentOther planning outputs Proj planning Project planthat can be used to guide project execution Historical information methodology Supporting detailand project control Organization policiesStakeholder skills &ConstraintsknowledgeAssumptionsProj mgt info system Earned Value Mgt (EVM)Project Plan ExecutionPrimary process for carrying out the projectProject plan General mgt skillsWork resultsplan. Most of the budget will be expended Supporting detailProdt skills & knowledgeChange requestson this process. It is the process most Organizational policiesWork authorization systmdirectly affected by the project applicationPreventive actionStatus review meetingsarea. Corrective actionProj mgt info system Organizational proceduresIntegrated Change Control It ensures that changes are agreed upon,Project plan Change control system Project plan updatesdetermining that a change has occurredPerformance reportsConfiguration mgt Corrective actionand managing the actual change. Change requestsPerformance measuresLessons learned Additional planning Proj mgt info systemSCOPEI Pack Dynamite Very Cautiously (IPDVC)Scope InitiationCommitting the organization to begin theProduct descriptionProject selection methods Project charternext phaseStrategic plan Expert judgment Project Mgr assignedProject selection criteria ConstraintsHistorical information AssumptionsScope PlanningThe process of progressively elaboratingProduct descriptionProduct analysesScope statementand documenting the project work that Project charterBenefit/cost analysis Supporting detailproduces the product of the project.ConstraintsAlternatives identification Scope Management PlanAssumptionsExpert judgmentScope DefinitionSubdividing the major project deliverablesScope statementWork breakdownWork Breakdowninto smaller, more manageable componentsConstraintsstructure templates StructureAssumptionsDecomposition Scope statement updatesOther planning outputsHistorical informationScope VerificationFormalizing acceptance of the scope by theWork results InspectionFormal Acceptancestakeholders; reviewing products forProduct documentationcompletion at end of projectWork breakdown structureScope statementProject planScope Change ControlProcesses that influence the factors that Work breakdown structure Scope change controlScope changescreate scope changes, determine thatPerformance reportssystemCorrective actionscope change has occurred, and managing Change requestsPerformance Lessons learnedthe changes.Scope management planmeasurement Adjusted baseline Additional planningTIME DSDDCActivity Definition Identifying the specific activities that must Work breakdown structure Decomposition Activity Listbe performed to produce the project Scope statementTemplates Supplemental detaildeliverablesHistorical information Work breakdownConstraintsstructure updatesAssumptionsExpert judgementActivity Sequencing Identifying and documenting interactivity Activity listPDM Project Network diagramlogical relationships Product descriptionADM Activity list updatesMandatory dependencies Conditional diagrammingDiscretionarymethodsdependencies Network templatesExternal dependenciesMilestonesActivity Duration Estimating the number of work periods Activity listExpert judgment Activity DurationEstimatingwhich will be neededConstraintsAnalogous estimatingestimatesAssumptionsQuantitatively basedBasis of estimatesResource requirementsdurations Activity list updatesResource capabilitiesReserve timeHistorical information (contingency)Identified risksPage 2 of 23 Last Updated 3. PMI Exam Study NotesPMHUB PMP Study notes IK v6.0ScheduleDetermines the start and finish dates forProject network diagram Mathematical analysis Project scheduleDevelopment/Definitionproject activities Activity duration estimates Duration compressionSupporting detail Resource requirements SimulationSchedule Management Resource pool descriptionsResource leveling Plan Calendars heuristicsResource requirement Corrective actionsProj mgt software updates WBS Coding structure Constraints Assumptions Leads and lags Risk management plan Activity attributesSchedule ControlThis process influences factors that createProject scheduleSchedule change control Schedule updatesschedule changes, determines thatPerformance reports systemCorrective actionschedule changes have occurred and Change requests Performance measuremt Lessons learnedmanages the changes in the project Schedule management Additional planningschedule planProj mgt software Variance analysisCOST "Pepsi (PEBC)"Resource Planning Determining what resources and whatWork breakdown structureExpert judgment Resource Requirementsquantities of each should be usedHistorical informationAlternatives identification (list and understanding) Scope statement Proj mgt software Resource pool descriptions Organizational policies Activity duration estimatesCost Estimating Developing an estimate of the costs of the Work breakdown structureAnalogous estimatingCost estimatesresources need Resource requirements Parametric modeling Supporting detail Resource ratesBottom up estimatingCost management plan Activity duration estimates Computerized tools Estimating publications Other cost estimating Historical informationmethods Chart of accounts RiskCost BudgetingAllocating the overall cost estimate toCost estimatesCost budgeting tools andCost baselineindividual work packages to establish aWork breakdown structuretechniquesbaseline for measuring project performance Project schedule Risk management planCost ControlProcess for influencing factors that createCost baseline Cost change control Revised cost estimateschanges to the costs baseline, determining Performance reports systemEstimate at Completionthat the cost baseline has changes and Change requests Performance Budget updatesmanaging the changes to the project budget Cost management planmeasurement Corrective action Earned Value Mgt (EVM)Project closeout Additional planning Lessons learned Computerized toolsRISK It's risky to have an IQ in DC.Risk Management Deciding how to approach and plan risk Project charter Planning meetings Risk management planPlanningmanagement activities. Organizations risk management policies Defined roles & responsibilities Stakeholder risk tolerances Template for the organizations risk management plan Work breakdown structureRisk Identification Determining which risks are likely to affect Risk management planDocumentation reviews Riskthe project & documenting theirProject planning outputsInfo-gathering techniques TriggerscharacteristicsRisk categories ChecklistsInputs to other processes Historical informationAssumptions analysis Diagramming techniquesQualitative Risk Analysis Assessing the impact and likelihood of Risk management planRisk probability & impact Overall risk ranking foridentified risks.Identified risksProbability/impact risk the project Project statusrating matrix List of prioritized risks Project typeProject assumptions List of risks for additional Data precisiontesting analysis and Scales of probability and Data precision rankingmanagement impactTrends in qualitative risk Assumptions analysis results Page 3 of 23Last Updated 4. PMI Exam Study NotesPMHUB PMP Study notes IK v6.0Quantitative Risk Analysis A process that analyzes numerically theRisk management plan Interviewing Prioritized li