PMP NOtes
PMP NOtes
1.Initiate the project :1 3% of the exam , 8 tasks to know, 2 PMBOK Guide processes
a. Project Assessments
b.key deliverables
c.stakeholder analysis
f. charter approved
g.develop human resource management plan by role and resobibilities of each team member
j. quality management plan and define quality standards for project , quality assurance, quality
control
f. capture, analyze and manage lessons learned using learned management techniques
A. final acceptance
b.ownership of deliverables
Project scope management :Plans cope management( how to do othere steps inscope mgmnt)
Define scope: outline scope of project: create wbs: break the definition of scope into smaller
parts for visualization so as to control schedule,cost and resource .Validate scope is driven by
cutomers after we create projectr deliverable the coustomer comes in and specs what we have
created and this leads to acceptance. Control scope to keet in target delivwring what was
promise and to prevent unapproved changes from entering project. For scope change we go
back to integrated change management
Cost Management :Plan cost management( tellsw us acceptable way to estimate cost to
determine budget and how to control cost),estimate costs( predict cist based on time and
information),determine budget(work breakdown structures),control costs
Resources Managemnt : Plan resource mngmnt,estimate activity resources( are available and
how much they cost , how much hrs and type of material needed),acquire resources,develop
team,manage team,control resources
Communication mgmnt : Plan( defines who need what infor,what information,who have
access,secure,channels of information),manage( ensure following infor),monitor
Risk mgmnt : Plan ,identify risks,perform quality risk analysis( high level and subjective),perform
quantitative risk( deep, risk the effect time/financial ),plan risk responses( response to-ve and
positive),implement risk responses,monitor risks
Stake holders mgmt. : identify stake holders ,plan their engagement. Manage stakeholder
engagement,monitor stakeholder engagement ( goals about current level of engagement and
desired level of engagement)
Project creates unique products,services or results : change current state to future state,
Projects are aboutmoving/adding/changing/deleting (MAC D). Sometimes we have transisition
period.
Projects enable business value creation :Tangible( monetary,stockholder equity, fixtures and
tools,market share), Intangible ( good will reputation,brand recognition,public
benefit,trademarks,strategic alignment) .It is usually descrive in document name as BUSINESS
CASE. ( why do we want to do the project , what is ROI)
Project Initiation Context: Why projects are created : generate some benefit.
Defining Project Managemnt :project manager is individual who managers change in org that it
manages the change from moving from current state to desired future state.It is application of
knowledge,skills,tools and techniques to meet the project requirements. 49 projetc
management process, and 5 process groups. Not all process are needed in all projects.
Progressive Elaboration : start very broad, more information to get to specific. Idea or
concept=>formulate the idea=>business case=> feasibility case=> project
Project Life Cycle( Ohases of project): unique toe ach type of project . Each phase describes
the work and the deliverables that phase is creating.
Portfolio Management : describe kind of book of all investments that org can make in projects
and programs into operations. Describe all things that we are invested in .led by portfolio
manager ( where nad how do we invest in program and project). Considerations include
Scope,change,planning,management,success factors,monitoring. They are about maximizing
return on investment. Portfolipo can have projects or program or combination of both/ sub
portfolio( part of overall portfolio( program/projects/operations).
OPM and Strategies: Organizational project management ( co-ordinate ,manage and control
project, program and portfolio in uniform ,consistent effort), consistently delivers
better).Different approach creates confusion to stake holders. So decision is done on opm level
to finalize the approach . Goals:
Understanding project environment: describes where project work takes place( physical
location), factors that influence the project.
Social and Cultural Influences: political climate( politics in org or overall politics),codes of
conduct, ethics, perceptions, values, external enterprise environmental factors.
Organization Culture and structure: Vision, Mission, Values and beliefs, hierarchy and authority,
cultural norms, organization and management style, internal enterprise environmental
factor( how do procurement,communication, mange projects)
Planning ( 24) develop project management plan, plan scope management, collect
requirements,deficescope,create wbs, plans chedule management, define activities,sequence
activities,estimate activity durations, develop surgery,plan cost management,estimate
costs,determine budget,plan quality management,plan resource management,estimate activity
resources,plan communication management, plan risk management,identify risks, perform
qualititative risk analysis,perform quantitative,plan risk responses,plan procurement
management,plan stake holders expectation
Monitoring(12)(: monitor and control project wbs, perform integrate change control,validate
scope,control scope,control schedule,control costs,control quality,control resources,monitor
communications,monitor risks,control procurements,monitor stakeholders engagement
Work Performance data,info and reports:wpd : raw data and facts abt project work,status of
project work assignments( % complete of activity, no of avticity in progress and no of activity
ledt ,plan start and finish data vs actual starts and actual finish data). Cost of activities, no of
change request,duration,defects
Work performance info: analyze data and useable information to make decisions and set status
to actionable results based on data
Change driven, agile project management, rapid iterations, backlog of requirements, change to
the project scope are expected
Business documents for project performance: phase gates( also known as kill point review of
phase(cost,deliverables) before moving to next one )within project. Actual performance
compared to documents, decision of comparison includes: continue to next phase, continue to
next phase with modification, end of project, remain in the phase or repeat the phase or
elements in it.
Project business case: economic feasible study ( can we afford to do project, make sense to
invest), validity of benefits the project will create, future project management decision and
actions, maintained throughout the project( update it when there is change),PROJECT SPONSOR
is accountable for development and maintenance not the manager. PM are responsible for
providing recommendations. It could be at program level. Business case tells why do we need
project., how do we solve it , opportunity to create business value , identifies stake holders
effected, identification of scope .Also used in project determination ( how it firs with org
strategies, goals and objectives, root cause of opportunity, gap analysis of capabilities, known
risks, critical success factors, decision criteria .Analysis of a situation : 1. Required ( to be fulfilled
to address the problem or opportunity)2.desired( to address the problem or opportunitu)3.
Optional( not essential). Recommendation or project : don’t do the project , keep as it is , do
minimum work possible, do more than the minimum work possible.
Project benefits management plan:created by business analysts. It decribes how it creates value
to org. documents used to define: create the project benefits, max the benefits and sustain the
benefits Characteristics: Target benefits: tangible and intangible value, Strategic alignment:
project aligns with business strategies, Timeframe : benefits by phase,short-term,long -term,
Metrics: measured to show the benfits, assumptions have in place ,risks that can threaten the
benefit .
Quiz1
Section 8: Project Environments
Enterprise Environmental Factors(EEF):They directly/indirectly( structure of org, workflow)
influence management . Pm do not have direct control over EEP. They come from outside the
project. It contains rules and policies, regulations and laws. Something that PM is required to do.
Internal EEF : created by org and outside the project . it can be org culture. Physical location of resources
and facilities, infrastructure of org(IT , how data is accessed) and availability and capability of resources.It
software: software for scheduling, resource availability, employee capability
External EEF : External factors ,conditions and regulations outside org. Government policies, marketplace
conditions( market place where operate), cultural influence and issues(news, political climate, customer
perceptions), commercial database( database that helps predicts cost and schedule, risk studies and
benchmarking),academic research,government and industry standard, financials( currency rates for cross
countries,inetrst rates and inflation), Physical EEP( weather,the environment where project is taking
palce). It restricts choices that we must follow
Processes, Policies and procedures: they are unique to each org. Process:within framework of best
practices, how org manages projects, it can be EEF or OPA.
Initiation and planning: criteria for tailoring standard org, process and procedure, standard that are
unique to organization but also in industry. Product and project life cycles, templates , preapproved
supplier lists and various type of contractual agreements
Org knowledge repositories: Knowledge management : Cataloging, archiving, retrievable, always archive
at closure.eg: project files , lessons learned, historical information, issue and defects database, financial
database, conf management database
Org system:it gives structure and governance, how work get done , system to procure/request time off,
work authorization, employee discipline, defined by org management
Frameworks: Governance are rules that govern the project or org ( what u can or cannot do in an org),
how do u opersate within a system ,.Framework is structure how it is created.Rules and policies are
always part of framework. Procedure for activities, org culture norms, system and processes, framework
influences how objectives are set and achieved , risk is monitored and assessed, performance is optimized
Management Element: it’s unique to org. Governance is shared among project ,program and portfolio ,
common approach to governance. Each org create and tailored to its org. Management elements of
governance: division of work, authority to perform work, responsibility, discipline of action, unity of
command, unity of direction, org goal take precedence over individual goals, pair fairly, optimal use of
resources, clear communication channels, right materials to right person for right job at the first time, fair
and equal treatment of people, clear security of work positions, safety of people, open contribution to
planning and execution by each person, optimal morale
PMO
Assignment 7
Some trends: Automated tool (PMIS),visual management tools instead of plans, project knowledge
management , project manager’s increased responsibility( business case development, benefits
management), Hybrid methodologies: adtaptive, predictive
Taiiloring PIM : tailoring the process as needed( what process to use , and how much depth ine ach
process), as allowed by governance, eef, PMO’s . Types of process to tailored:
Project Life cycle , development life cycle, management approaches, knowledge management , change,
governance, lessons learned , benefits
Consideration of adaptive environments: Team members are local domain experts, Team members
determine how plans and component should integrate( how do what work), Team members are key( PM
has servent leadership role, PM build collaborative decision -making enronment, Team members rae
generalists instead of specialists)
Business case describes: business value , market demand,org need, customer demand, technology
advance, legal requirement, ecological impacts, social needs
EEF : government or industry standards, legal and regulatory requirements, marketplace conditions, prg
culture and political climate, org governance framework, stakeholder’s expectation and risk thresholds.
OPA are org standard policies , processes and procedures, portfolio , program and project giovernance
framework, monitor
Developing the project hcarter: expert judgemnet : org strategy , benefits management, technical
knowledge, estimating , risk identification reporting methods, templates , historical information and
lessons learned repository . ( consultants, PMO, stake holders, industry groups, internal org resources
Interpersonal and team skills: conflict management( objectives, success criteris, high level
requirements,project description, summary mile stones , facilitation, meeting management ( agenda and
minutes are follow up action item )
Developing project charter: project purpose, measurable project objectives, high level requiremnts,
project risk , milestone schedule ,pre approved financial resources), kep stake holders,a pproval
requiremnts,e xit criteris , assigned pm , sponsor
Examining benefit measurement methods: Pm may ask to choose a project ( opportunites, problems ,
customer request). Benefit measurement is tool/technique among multipleproject and choose what is
more valuable to company.
Cost – benfits ratio(CBR)where 3 cost for 4 benefits . cost are less than benefits
Scoring models: take categories of project factors( cost schedule , benefits ,references( references for
vendor) and then give points to each categories
Murder boardsrepresent the project and goes before group of executibves and they asked questions and
decide whther to proceed with project or not .
Payback period: how long it will take to pay back for invest the project . Management Horiizon
FV = PV(1+i)^n, NPV : true valueof project , cash flwo , project with multiple returns,ITT with higher values
are good
Creating assumption logs: document that has record of all assumption but also CONSTRAINT. They are
believed to be true, it is UPDATED throughout the project .
It defines how project is executed, monitored ,control and close different pohase and end of project .
every knowledge area atleast gets one plan.They are called subsidiary plan. It is baseline .we get approval
and agrrement on baseline. Change control is used to change anything after baseline.
Planning participants:
PM
Projetc team
Customers
Skills for planning :tailoring the PM process, additional component ,tools and techniques, technical and
mangemnt details, resources and skill levels needed, level of configuration mngmnt , priotitizing work on
the project
Kick off pmeeting: done with planning and we are going to execution . communication objectives, gain
tema commitment,e xplain stakeholder roles and responsibilities
Small project : one team performs plan and execution kick off occurs after initiation
Large projects: PM team does planning and teamis brought when planning is complete
Typical PM plan:
Schedule:schedule model that is used as basis for comparison to actual result( schedule from start to end)
Cost : time based project budget that is used as a basis for comparison to actual results( cost based on
phases)
Directing and managing project work: doing the work to satisfy the project objectives, spending funds to
satisfy objectives, performed throughout the project , managing risks ,a proved changed to project ,
manage comm, collecting data on schedules,cost,progress and reporting on components,completing
lessons learned, managing stake holder engagement
Action as PM:action in execution
corrective action : realigning performance ( current results) kepep work in scope, rework or removing
items not ins cope
Defect repair: modifies nonconformance to project requirement( non confirming product, fix the
problem,validate the repair)
Updates: paperwork:
Project plans and documnts, activity list,assumption log,lessons learned, requirement documentation, risk
register, stakeholder register,org process assets
Deliverables:any unique ,verifiable product ,result or capability, outcomes of project , can include
components of PM plan change control is applied after first version .it is supported by configuration
mngmnt and procedures.Once approved as part of scope validation, changes to the deliverable require
formal change requests, change in deliverables means more time and cost
Work performance data:it is raw data . they are facts,observations,measurements . it is analyzed and
processed into work performance information , which helps in creating reports to communicated.
DATA SAMPLE
Coomunciation: distributed,feedback
Issue log:Updating issue log Issue type, Who raise issue and when,Issue description, issue priority, who is
assigned, taget resolution, Issue status, outcome
Explicit : knowledge that canbe wuickly and easily expressed thrgh converstions , doc,figures or no
Tacit : knowledge that more difficultto express coz personal beliefs,value, knowledge gain from
experience and know-how when doing a task
1. Story telling
2. 2. Knowledge fairs and cafes
3. 3. Work shadowing
4. 4. Reverse shadowing :e xperts follow u and gives coaching
5. 5 creativity and idea management techniques
6. Discussion forums and focus groups
7. networking
8. communities of practice
9. meetings
10. training events
Monitoring and controlling project work:it is iterative activityand happens thrghout project. PM has
control over team
Monitoring and Controlling:
Compare actual performance against project management plab, determine the need for corrective or
preventive actions, status of individual project risks, maintain accurate , timely info concerning the
project, provide info abt status report, providing forercast abt schedule ,cost, monitoring implementation
of approved changes, reporting on project progress or status, ensure project is align with business needs
Data analysis :
Alternative ananluysis: corrective and prevent actions to fic problems and prevent problems
Cost benefit analysis: cost of proprosed corrective actions and considerations of benefits actions will
create
Earned value analysis it is suite of formulas that helps to show project performance
Root cause analysis:determine what activities ,people, process or other factors are contribution to an
effect
Performing integrated change control: when change is introduced, how is changed managed and
approved.
It happens throughout project .it’s responsibility of PM , haapens after baselins is created. It examines
effect of change on entire project . wven verbal changes shoud be documented
Whenever change is requested it enters change mangemnt system . configuration management system is
also involved( features and functions) . it can approved,deffered or rejected. changes approval level is
defined in project plan . may get change board utilized, over/under change approvals/rejections.
Change request as O/p :Process can create change request, corrective action, preventive action,defect
repair, updates to formally controlled documents
Config control: any changes to features/functions must go to config control. It defines the specification of
the deliverables and processes, how the project work is completed
Config status accounting: includes documentation of product info( metric of different specs abt products)
Config verification and auditing: concerned with performance and functional attributes of the product
Administrative closure: defined all projects accounts, reassigning personnel. It is not 49 process but
execution step , dealing with excess project material, reallocating project facilities, equip and other
resources, creating final project reports
Closing contractual agreements: confirming formal acceptance of work , finalizing open clains, updating
records to reflect results, archiving in for future
Closing activities: finalized project report, audir project fr success sor failure, manage knowledge , sharing
and transfer, complete lessons learned, archive project info, transfer yhe project;s prodyct or results,
suggestion for improvements , sending suusgestion to app ord unit, measuring stake holder satisafaction
Early project closure: project termination , why was project terminated, communication with stakeholdrs,
complete project closure
Final Project report : summary of project, scopreobjective and evidence of it was complete, quality
objectives and reasons for variances, cost and variances, schedules and variances, summary of validation
of product, review o f meeting / failing business objectives,review of risks managed withinthe project
Gantt charts are excellent tools to measure and predict the project progress, but they
are not needed during the project plan development process.
A PMIS can assist the project manager the most during project execution. It does not
replace the role of the project manager, however.
Jeff is the project manager of the Bridge Construction Project for his company.
This project requires strict change control because of government regulations,
the cost of the project deliverables, and the approved scope. The project plan
provides what with regard to project changes? A guide to all future decisions
The project management methodology and the PMIS are tools and techniques used
for project execution.
Section11:Managing scope
Planning the scope mgmt.: create subsidiary plans: scope mgmt. plan, requirement
mgmt. plan
Scope mgmt. plan defines how scope will be defined, developed, monitored, controlled
and validated, charter is key i/p ,historical info, eef. It is not scope, ir defines how to
create scope statement and wbs. Hwo scoep baseline will be approved and maintained,
formal acceptance of the deliverables happens
Project mgmt. plan is iterative process. Quality mgmt. plan: consideration for quality
policiesProject life cycle:phases of the project,development approach:
waterfall,iteratibe,adaptive,agile
Requirement mgmt. plan : rdescribes how willplan, track and report requirements, cong
mgmt. activities, requiremnts prioritization process, metrics that will be used,
Requirements traceability matrix(RTM)
Project scope vs product scope
Product scope:Features and functions. Custoemrs descrive product scope which helps in
creating project scope. Product backlog in adaptive. It is derived form collect
requirements,validate scope is product scope confirmation.Product scope is measured
against project requirements
Project scope:Work to be complete to satisfy projetcobjectives. Creating product but
also manintaing objectives(schedules,cosyt). Project scope is measured against project
plan
Tailoring scope mngmnt process: knowledhe and requiremnts mangmnt, validation and
control,development approach,stability of requiremnts,governance
They help eachother exists.
Life cycles
Predictive: project scope at the beginning, change resistant
Adaptive: project scope developed thrugh iterations, expect changes
Trends and emerging practices in project scope mgmt.:
Business Analyst : gathering and defining requirements. Ensures requirements satisfy
business needs( requirements can begin with needs assessment).Collaborate with
business analust to identify problems, define business needs, nrecommend viable
oslutions, elicit,document and manage requirements , facilitate the implementation of
end result of project PM and business analyst are collaborative partnership. BA has
requirements responsibilities, PM has project delivery responsibilities. Both roles need
to understand their swim lanes
Considerations for adaptive environments: Scope is not defined at start , process for
scope retirement, emerging requirements happen in adaptive
Product owner owns the backlog. Backlog refinement is prioritization backlog items.
Entire project team may participate in back log grooming.
Scrum artifact-product backlog: source for all product requirements, owner sorts and
prioritized the back log items, it is always done before current sprint .
Collecting project requirements:process of determining,documenting and managing
requirements, it help defines product scope and project scope, collect requirements can
be performed once or at predefines points
WBT( template of WBS) : taking similar project and adaptingto new project
Validating project scope:inspection driven process where customer inspet the
deliverables,doen at each phase and completion, reviews audits, walkthrough, leads to
formal acceptance and sign off deliverables, change request are possible o/p . Quality
control( PM and team does inspection to prevent handling mistakes to customers) and
scope validation( customer does the inspection and sign off deliverables) are similar
Controlling scope:montirong the status of project and product scope, maintain the
scope baseline integrity
Recommended corrective actions, which are change requests, are outputs of change
control. Poor performance leads to corrective actions to bring the project back in
alignment with the project plan. Recall that a corrective action is a change request.
The responsibility to document project scope management decisions rests with the
project management team.
Project scope management defines the processes to ensure that the project includes
all the work required—and only the work required—to complete the project
successfully.
The WBS does not directly serve as an input to planning cost management.
Theory of Constraints: identify the most important limiting factor . improve the
constraint so it no longer limiting factor, it is iften referred as bottleneck, scientific
approach to improvement, lean manufacturing
Product owner owns product backlog
Creating schedule mgmt. plan: define plan for entire project . it defines how schedule
will be defined,manged,execute and control
Schedule mgmt. plan include project schedule model development( actual activities
list, flow of project work), level of accuracy(+-10%),units of
measure( days,hours,week),org procedure links( link to reserve physical resources,
project schedule model maintaineance( how model is maintained ), control
thresholds(activity is late aat what time it become issue /risk to project, schedule
vatiance), rules for performance measurements( value mangmnt,actual vs planned),
reporting formats( communication mgmt. plan)
Define project activities: activities associated with work packages( smallest unit in WBS)
it is basis for estimating ,scheduling and controlling work , define activities list and
activities attributes, milestone list( activities needed for milestone)
PM LOE :a ctivities u have todo to manage the project like plan, change, quality control
Decomposition of project activities: 8/80 rule:between 8 hrs and 80 hr each
workpackage should take place.it takes 3 i/p:scope baseline,eef,opa
Control account : marker in WBS. Scoep,cost and schedule ,performance measurements.
Planning package is decision to be completed, total comprises control account. Issues
like what type of counter tops by dec1 , if not by then we will late , some choices go
away , it can also pushed project
Rolling wave planning: iterations of planning and doing . Imminent work is planned in
details, distant work is planned at high level, focus on what is more important, form of
progressive elaboration. Phases gate planning
Compiling activity list: Templates: historical infor, prepopulated forms and plans, OPA.
Activity list is separate document that list all project activity. We have activity identifier,
scope of work description. Each activity has name, activity id, descriptions, WBS
identifier, relationship between activities, leads(negative time, allow activities to
overlapped e.g. priming and painting walls) and lags( adding time +ve time ), resource
requirements, imposed dates, constraints and assumptions, additional information
LOE are support activities: reporting,budgeting,meeting,email,memeos, contribute to
project scope but needed to mange work
Discrete are needed to complete project scope,
Apportioned effort are project mgmt. work: quality assurance, integrated change
control, communications. Support projects(non-value sometimes)
Creating milestone list: are markers that show progress. They are given unique nimber.
They are significant delivery . end of project phase.They have no duration and resources
Sequencing project activities:it can ve driven by computer driven( Microsoft
project,primera), manual process is ideal for smaller projects . Blended approach is also
used.
Dependency determination : some activities have to be done in order ( Manadatory
dependencies- hard logic). Discretionary dependencies(soft logic) order is not
necessary , external dependencies: external constraint( waiting for another project to
create project in my project, vendors) , internal dependency : type of hard logic
Precedence diagramming method: flow of work
Finish to start: a must finish before b can start . most common relationship
Start to start A must start so that b can start . A will start little below b eg in training ,
one training starts software will be installed
Finish to finish: finish A to finish B
Start to finish: rseserved for scheduling experts, manufacturing project , creating plastic
bottles , each bottle is unique by logo , ordre for 10,000 can do only 3,000 at that time,
start producing bottle then get 3000 fro inventory backlog just in time scheduling u have
to start producing bottle in order to finish inventory capability
Creating network diagrams : visualizing flow of work , activity on node is type of
network diagram Precedence diagramming method, we have successors and
predecessors, activities in boxes or circles called nodes and connect the nodes with
arrows. Arrow represent the relationship and dependencies of work packages
Network templates: previous projects, pre-poulated templateds (OPA)
Considering leads and lags:values added to activities to slightly change start time .Lag
time is positive time. Lead is -ve .
Estimating activity durations:
Law of diminishing return : increases in resources will eventua;;y yield diminishing
returns.
No of resources: adding resources doesn’t necessary reduce duration , increases risk,
knowledge transfer /learnnng curve
Advances in technology: faster equipment / learning curve
Motivation of staff: student syndrome / Parkinson’s law( work expand to time allocated)
Fist of five: voting technique, closed fist : zero support, 5 fingers : full support, fewer tha
n3 fingers: team member discuss any objections
Included in estimates: range of variance, % of acceptable target date, basis of
estimate ,assumptions made, known constraints, confidence levelof final estimate, risk
influencing this estimate
Creating analogy:creating analogy between similar project/work . it uses history infor.
Top -down estimating. It is not reliable but not reliable. It is fast .The inform has to be
reliable and expert judgement is required
Applying parametric estimates:we have parameter for estimating for repetitive work
and learning curve is known . eg alogirthn to calculate duration: time/unit ,square
footage, historical data is used. Duration is how long an activity takes. Effort is billiable
time for labor
Creating 3 point estimates: find average of optimistic,most likely , pessimistic . it is
called triangular distribution (OP+ML+P/3)
Pert estimates/beta estimates/program evealuation and review technique: weight for
most likely : OP+4ML+P/6 . everything is skewed at most likely
Bottom up estimating: usually it is doen for cost /resource. Requires a fully decomposed
WBS for each work package . need to know ehow many and what type of resources are
needed . each work package has multiple activities. Duration of each activate is
estimated . It is more accurate. It is called bottom up because start at bottom and work
way up to predict total duration of the project
Factoring the reserve time:
Contingency reserve: money
Managerial reserve: time/money it issued for activity takes longer then reserve
It accounts for schedule uncertainty, its is for identified accepted risks, associated with
known -unknowns.
% of estimated activity duration or fixed no . over time contingency reserve may be
reduced/eliminated. it is identified in the schedule documentation
Considering Mgmt reserves: it is specidied amount in budget. It is reserved for
unforeseen work .address unknon-unknown. Not included ins chedule baseline but part
of overall duration. Contracts may require use of mgmt. reserve as a change to the
schedule baseline
Developing schedule: determine sequence of events, duration of activities and projects,
determined resources, logical relationship between activities
Evaluating constraints and assumptions: Constraints: when and how work can be
implemented, opportunity to profit from a market window, time frames that for
delivery of materials, must start on(most restrictive) , must finish on (most restrictive) ,
start no earlier than, start no later than , finish no earlier than, finish no late than
Assumptions on new work , risks, force majeure( tornado, hurricane, acts of god), labor,
effort
Performing schedule network analysis:find earlier sand last project completion n data
Finding float:
Free float: activity can be delayed without delaying early start of any successor activities
Total Float: an activity that can be delayed without delaying project compleyion
Project Float: (most restrictive) project can be delayed without passing customer
expected completion date.
Critical path : longest time in path
Early finish = early start+du-1= forward pass, Backward pass=LF-du+1=Late start
On the critical path the ef= lf, es= ls , for non crirical = lf-ef=ls-es= float
Using project simulation: what if scenario( compute different outcome , feasibility of
project schedule ,PMIS)eg monte carlo analysis: risks used to calculate possible schedule
outcomes, calculate multiple work pack durations.it utilizes active
assumptionms,constraints,risks,probability distributin
applying digital compression:develop schedule process: milestones charts,bar charts,
schedule network diagrams .It helps in visualizing project work.
Crashing means adds people and cost to decrease time. Fast tracking adds risks and
overlaps. Increasing speed of phases( overlapping)
Resource leveling heuristics: how many hrs resource can be utilize in timeperiod.it
extends project schedule.that si prople cannot work more than allocated time
Resource smoothing: applies only to activity that is not in critical path. Activity in
critical path get extra labor( only people in critical path can work extra otherwise not)
Agile release planning:In adaptive envrnmnt. High level summary of release schefule
3to 6 months, product road map nad vision. No of sprints, how much needs to be
developed. How many days to developed product
controlling project schedule:schedule control:integrated change control( current
status ,influenceing the factors that create changes, reconsidering schedule reserves,
has project schedule change,managing hanges as they occurred). It helps in measuring
project performance, exam schedule variance, update project schedule,corrective
actions, lessons learned
Agile schedule control: amount of work delivered and against estimates of work
completed, conduct retrospectives, repriotizes remaing work plan, determine rate
deliverables are produced,validated and accepted( velocity), project schedule
changed,managing changes
measuring project performance:Earned value mgmt.,Schedule variance,Schedule
performance index: how healthy schedule is
To-complete performance index: likelihood project will be completed in budget
Applying corrective actions:ensure work packages complete as schedule,or as delay as
possible, root causes analysis of schedule variance, measure to recover from schedule
delays.
QUIZ
The project charter is not an input to the activity duration estimating process.
A Gantt chart is a bar chart that represents the duration of activities against a
calendar. The length of the bars represents the length of activities, while the order of
the bars represents the order of activities in the project.
Fast-tracking adds risk because tasks can overlap. A may be correct in some
instances, but it is not the best choice here
Considerations: schedule mgmt. plan is needed, risk mgmt. plan is needed, EEF( culture
and structure, market conditions, currency exchange rates, commercial database,
productivity in different locales)
Cost mgmt. plan: units of measure, level of precision , level of accuracy, org procedure
links, control thresholds, cost estimating approach, rules of performance measurement,
reporting formats
Estimate project cost: prediction is absed on current info , cost tradeoff and risks are
considered : cost vs buy, cost vs lease, sharing resources. Level of accuracy : rough order
of magnitude estimate (-25%+75%, very rough and not reliable), budget
estimate( scope10%+25%), definitive estimate(bottom up approach,(-5%+10%,based on
WBS , takes longest to create). All categories of cost are estimated.
Types of cost:
Direct costs; expenses only for project and cannot be shared among other projects:
materials
Indirect cost: shared among projects eg equipment
Variable cost : vary based on condition : no of orders, no of meeting participant
Fixed costs: constant throughout the project : Rented equipment
Risks and cost estimating: risk register, opportunity(+ve event) and threat . Mangemnt
reserves: unknown unknowns( time and risk), contingency reserves: funds for known
risk events
Scope baseline is needed for cost estimating , reflects funding constraints , wbs shows
relationship between deliverables, WBS dictonary : identification of deliverables and
description of work
Schedule: resource availability, timing of procurement, cost of project financing, time-
sensitive cost,season cost variations
Using analogous estimate: takes historical infor and estimate cost it is top down
estimating . form of expert judgement , less time to complete but also less accurate
Using parametric estimating:parameter to predict cost . parameter is based on work
being completed , cost per cubic yard, cost per software license. We can also have some
adjustment factors
Regression analysis: what future values may be based on variables from
hostoricalvalues, which facyors matter most
Learning curve: cost per unit decreases more unit works complete , workers learn as
they complete required work. It works only on repetitive activity
Using bottom up estimating: completed with project team, most time consuming and
most expensive but also accurate , Team see value added for each activity so keep them
more motivated
Creating 3 point estimating: same as schedule
Data Analysis: Reserve analysis : funds to set unknown unknown and known risky .
alternative analysis: other option to reduce cost. Cost of quality : money to pay to make
sure the quality is attained.
Supporting details for cost estimates:
documentation,assumptions,constraints,identified risks, rangeof variance, confidence
level of estimate
Creating budget: aggregating the costs, cost of work packages and activities. authorized
cost baseline it excludes mgmt. reserves includes contingency reserves
Controlling cost: influencing factors that are causing change, change request, managed
changes, tracking costs, isolate variances for study , Earned value mgmt.,
communicating cost mgmt., cost overruns and allowed variances
Measuring project performance: Earned value mgmt are formulats to forecast and
show current performance
Pv =planned value , EV = earned value, BAC: budget at completion
EAC based on SPI and CPI factors: same efficiency rate for time and cosr . can make
them weighted EAC= AC+[(BAC-EV)/(CPI*SPI)]
To-complete performance index: based on performance now can you hit the original
busget or estimated
TCPI= BAC_EV/(BAC-AC), TCP=(BAC-EV)/(EAC-AC)
TCPI above 1 is not good
TCPI is below 1 and further below 1 we are going to achieve it . we can hit EAC an dnot
BAC
QUIZ:
Cost estimates and the project schedule are inputs to the cost budgeting process.
Planning for quality:defines quality policy for the project , defines quality assurance
requirements, defines how quality control activities will occur. It is iterative process. PMI
theme: plan,implement,measure,react and document . If product is not unacceptable
then project is not finished.
Five key i/p : charter: high level project desc and also defines what constitutes success
and measurable project objectives. PM plan: integration of quality mgmt. (Risk mgmt
plan, requ mgmt. plan, stake holder engagement plan, scope baseline).
From ASQ: "ISO 9000 is a set of international standards on quality management and
quality assurance developed to help companies effectively document the quality
system elements to be implemented to maintain an efficient quality system. They are
not specific to any one industry and can be applied to organizations of any size."
Project team and PM need to be willingly, dedicated, address project team retention, labor relations, performance
appraisals, work , health and safety issue. Project team is temporary
Influences on the project team: team environment, geographical locations, communications among stakeholders, prg
change mgmt., internal and external politics, cultural issue and org uniqueness
Considerations of physical requirements: schedule equipment or infrastructure or risk , low quality material may
damage the quality of the product , too much inventory equals high opcosts , low inventory level does not satisfy the
customer demand
Trends in practices : Lean Management , JIT , Kaizen (small change overtime small change add with time), TPM
( preventive maintenance so scheduling maintenance), Theory of constraints ( weakest element addressed and fixed)
Emotional inteliigence:control our emotions( internal), mange and other relations( outbound), this reduction in staff
turnover
Self organizing team : team in control , does not ned PM (if present provide team with the environment and support
needed and trusts the jobs done), usually in agile . they are generalized , embrace constructive feedback specialists
You cant satisfy the need above befor satisfying below need
Hygiene: norms part of employer and employee relations,absence of hygiend demotivates, promoting :
TAT : tell us which need is driving individual
Ouchi : pasticipatory , people involve ,value ,Vroom : if u promise bonus /reward then they will may work towards it
Creating resource mgmt. plan:
Effort driven more efforts more sooner it can be done ,fixed duration : immune to more adding resources
Acquiring resources
Negotiating resources Direct cost : cost to project , indirect cost : cost to org
Acquiring staff
Naturally developing project teams : teams moved through process , bruce tuckman (1965) : tuckmans ladder,
five phased: last is adjourning
Managing team
Conflict mgmt.: focus on issues not personalities, focus on present not on past , openness resolves conflict, importance of
conflict , time pressure for resolution, positions of persons involved, motivation to resolve for short and long term
Collaborative /problem solving: preferred approach , work together for best outcome , open/friendly
Controlling resources
In a weak matrix structure, functional management will have more authority than the
project manager.
In this instance, the union is considered a project stakeholder because it has a vested
interest in the project’s outcome.
When projects are similar in nature, the project manager can use the roles and
responsibilities definitions of the historical project to guide the current project.
When the looking for the weakest link in the project management chain,
management is likely using the theory of constraints. The theory of constraints is a
management system is limited by its weakest components, the constraint. Adapts the
phrase “a chain is only as strong as its weakest link.”
Forcing happens when the project manager makes a decision based on factors not
relevant to the problem. Just because a team member has more seniority does not
mean this individual is correct.
Key Concepts
Easy to interpret wrong messages in email so face to face is always preferred.
Trends
Including stakeholders in project reviews and meetings( as they are closed to project
requirements), increased used of social computing, multifaceted approaches to comm, Listen
actively( stay in the conversation and summarize) , understand culture and personal differences,
manage conflicts( conflicts are natural), manage meetings( agenda, start and stop meetings,
everyone on point, manage expectations, record action and assignments, follow up as needed)
Comm methods
Interpersonal and team assessment
Culture awareness: individuals,groups, org, min understanding and miscommunications
Data representation
All seven processes of Project Integration Management use Expert Judgment as a tool and technique. [PMBOK® Guide 6th edition, Page
71]
Completion of project scope is measured against the scope baseline which is a part of the project management plan. In
contrast, the product scope is measured against the product requirements. [PMBOK® Guide 6th edition, Page 161]
Data on status of deliverables progress is part of Work Performance Information and not Work Performance Data. The subtle
difference between Work Performance Data and Work Performance Information confuses many people, however it is very
important to clearly distinguish between these two concepts. [PMBOK® Guide 6th edition, Pages 496, 499]
PMI identifies the Plan-Do-Check-Act (PDCA) cycle, also referred to as the Deming
Cycle, as both a quality tool and the underlying concept for interaction among project
management processes. First, an improvement is planned. Next, the improvement is
carried out and measured.
The Delphi technique is a quick way to reach a consensus for any decision
making.
In this method, all the feedback from the different experts is collected
anonymously by the moderator.
Then it is collated, summarized, and the most common solutions (say top 3
most common answers) are selected, and sent for further selection in a
second round. In each round, the solutions get refined, and the least popular
ones are dropped off by the moderator.
Thus, the best solution is reached after a few rounds, without hurting anyone’s
ego, or naming an particular expert or their school of thought particularly.
A milestone list is a valid output of the Define Activities process. [PMBOK® Guide 6th edition, Page 183]
Although there is a lot of overlap of information between the project communication management and stakeholder
engagement plans, the project escalation process is only documented in the communications management plan.
[PMBOK® Guide 6th edition, Page 377]
The Monitor and Control Project Work, a process from the project integration management knowledge area, produces work
performance reports. [PMBOK® Guide 6th edition, Page 380]
According to the PMBOK® Guide, all email correspondence is informal. Although the communication was between two officials, it
cannot be considered official unless the information is transmitted formally. [PMBOK® 6th edition, Page 361]
44. Your project team has recently identified a risk in the software development project and decided not
to change the project management plan to deal with the risk. The risk response strategy that your team
used in this scenario is an example of:
Acceptance When risks cannot be handled or managed in a project, it is advisable to accept them. In thi
scenario, your team is unable to devise a suitable response strategy. Hence, risk acceptance
the correct strategy to employ. [PMBOK® Guide 6th edition, Page 443]
0. Mark is the manager of a project to install 600 new desktop computers at a budgeted estimate of
$60,000. He estimates the project duration as 30 days. After five days, Mark finds that he inaccurately
estimated his team’s capabilities. His team has now completed the installation of 150 desktops. The
Actual Cost is $10,000. What is the Estimate at Completion (EAC)?
40000 The Budget at Completion (BAC) = $60,000 (given). The Actual Cost (AC) = $10,000 (giv
The Earned value (EV) = (150/600)*60,000 = $15,000 since 150 desktops have been install
CPI = Earned Value / Actual Cost = 15,000/10,000 = 1.5. The project manager has
underestimated the team's capabilities in his original estimate hence the current CPI can be
used as an indicator of future cost performance. In this case, the calculation for EAC is: EA
CORRECT RESPONSE REASON
BAC/CPI = 60,000/1.5 = 40,000. [PMBOK® Guide 6th Edition, Pages 264, 265]
38. You have been contracted to build a manufacturing plant in Kuala Lumpur. However, you are not
familiar with the building codes in Kuala Lumpur or Malaysia, so you are reviewing all their building
codes prior to “turning a shovelful of earth.” This is an example of:
Quality planning All types of quality plans, such as building codes, OSHA guidelines, ISO 9000, or company
quality plans are examples of Enterprise Environmental Factors or Organizational Process
Assets which are inputs to the Plan Quality Management process. [PMBOK® Guide 6th
Edition, Pages 280, 281]
8. Financial forecasts in the business case were of a higher order of magnitude based on the preliminary
information available at that time. During the project planning it has now become clear that a number of
other enabling activities need to be completed in order to deliver the project. This would mean at least a
fifty percent increase in the project budget than what was stated in the business case. What should you do
next?
Perform a cost/benefit analysis for the project. If a 50% cost increase is expected, you need to re-evaluate the project’s feasibility and
reconfirm the validity of the business case, even if the project is in the planning stage.
[PMBOK® Guide 6th edition, page 30]
Planning
Plan procurement: procurement mgmnt plan, bid documents, strategy, source selection criteris,make or buy
analysis,sow, independent cost estimates
Executing
Direct and manage work: deliverables, change request, work performance data, issue log
Close : final reports, final product/service,OPA( lessons learned repository, lesson learned regoister
Product analysis is used in define scope, historical info review for determine budget, risk categorizing: qualititative
Communication model in plan communications,audits for manage quality, monitor rosk and control procurement
Collect Requirements process is performed once or at predefined points in the
project.
A primary function of your PMIS should be scheduling and critical path calculations
and will assist with WBS, work authorization, resource tracking and reporting. A, C,
and D should all be tracked and managed with different tools or systems.
The context of your project environment has changed. The new company is much
less restrictive in how the team communicate, which means you will have to adjust
your management style to account for it. Process Level Integration focuses
specifically on project process interactions (A). Cognitive Level Integrations (B) focus
on your learning and growth as a PM. Project Level Integration (D) is just another
way to describe Process Level.
Business Cases primarily focus on the financial aspects of a project Feasibility Studies
(B) primarily focus on the ability of an organization to take on the project while
process (C) and resources (D) are addressed in later project documentation.
The seven quality management tools are flowcharts, check sheets, fishbone
diagrams, Pareto charts, histograms, and scatter plots.
Restricting option in hopes of motivating the team is Pressure Based Power. Guilt-
Based Power (A) would come from making the team feel guilty for letting down
stakeholders, Punitive Power (B) would come from punishment, and Situational (D)
power comes from being in a particular situation (i.e., go live weekend).
Request for Quotation (RFQ) is commonly used when more information is needed on
how vendors would satisfy the requirements and/or how much it will cost.
The work package is the lowest level of the WBS and should be sized approximately
between 8 and 80 hours. A is incorrect as recommended changes should be scoped
and estimated, but have no industry constraints on size B is an inspection activity,
and D is a requirement technique and would not be constrained.
Recommended preventive actions are requested changes to try and keep a project
from deviating from the plan. Preventive Action could result from Monitoring and
Controlling activities (A), Variance Analysis (B), or analyzing Work Performance (C),
however, these are not the best answer for the question.
A work package can be used to group the activities where work is scheduled and
estimated, monitored and controlled.
500000
QUIZ