Chapter 3 & 4 Flashcards
What are the three elements of Process?
- Inputs
- Tools & Techniques
- Outputs
Describe the 5 Process Groups
- Initiating - processes that begin the project
- Planning - processes that create the plans that will govern the
work - Executing - processes that execute the plans and produce work
- Monitoring & Controlling - processes that compare the results to
the plan and make adjustments for
future work. - Closing - processes that complete the project or a phase or
component of a project or procurement, create
records, and archive information.
Inputs
The inputs are the starting points for the process.
Outputs
The ends of our efforts. May be a document, a product, a service, or a result.
What are the 10 knowledge areas?
- Integration Management
- Scope Management
- Time Management
- Cost Management
- Quality Management
- Human Resources Management
- Communications Management
- Risk Management
- Procurement Management
- Stakeholder Management
What is the correct sequence for the following activities?
A. Create project scope statement. Create work breakdown
structure. Create activity list.
B. Create project scope statement. Create activity list. Create work
breakdown structure.
C. Create work breakdown structure. Create Project scope
statement. Create Activity list.
D. Create activity list. Create project scope structure. Create work
breakdown structure
A. Create project scope statement. Create work breakdown
structure. Create activity list.
What are the processes in the Initiating Process group
- Develop Project Charter
2. Identify Stakeholders
What are the processes in the Planning Process group?
- Develop project Mgt Plan 13. Estimate Costs
- Plan Scope Management 14. Determine Budget
- Collect Requirements 15. Plan Quality Management
- Define Scope 16. Plan HR Management
- Create WBS 17. Plan Comms Management
- Plan Schedule Management 18. Plan Risk Management
- Define Activities 19. Identify Risks
- Sequence Activities 20.Qualitative Risk Analysis
- Est. Activity Resources 21. Quantitative Risk Analysis
- Est. Activity Durations 22. Plan Risk Responses
- Develop Schedule 23. Plan Procurement Management
- Plan Cost Management 24. Plan Stakeholder Management
What are the processes in the Executing Process group?
- Direct & Manage Project Work
- Perform Quality Assurance
- Acquire Project team
- Develop Project Team
- Manage Project Team
- Manage Communications
- Conduct Procurements
- Manage Stakeholder Engagement.
What are the processes in the Monitoring and Controlling Process group?
- Monitor & Control Project Work
- Perf. Integrated Change Control
- Validate Scope
- Control Scope
- Control Schedule
- Control Costs
- Control Quality
- Control Communications
- Control Risks
- Control Procurements
- Control Stakeholder Engagement
What are the processes in the Closing Process group?
- Close Project or Phase
2. Close Procurements
Mnemonic for common Inputs
POWER WarP Pm plan Opa Wpd Eef Risk register Wpr Project docs
What are the 4 Group Decision- Making Techniques?
- Unanimity
- Majority
- Plurality
- Dictatorship
What are the Common Tools?
- Analytical Techniques
- Expert Judgement
- Facilitation Techniques
- Group Decision-Making Techniques
- Meetings
- Project Management Information System
Mnemonic for Common Tools
GAME Poker Face Group dec-making techs Analytical Techniques Meetings Expert judgement Pmis Facilitation techniques
What are the common Outputs?
- Work Performance Data
- Work Performance Information
- Work Performance Reports
- Change Requests
- Updates
Mnemonic for common Outputs
CWU (spoken like clue)
Change requests
Wpi
Updates
PMI Philosophy on Integration Management
- The Project Manager is the decision maker, keeping the project
team focused on project execution - Project management is not a serial progression of processes;
much happens in parallel and in an iterative fashion. Integration
coordinates and orchestrates order to project management
What are the Processes of Integration Management?
- Develop Project Charter
- Develop Project Management Plan
- Direct and manage project work
- Monitor and control Project work
- Perform Integrated change control
- Close Project or Phase
What are the ITTOs for the Project Charter?
Inputs: Project Statement of Work, Business Case
Tools/Techniques: Expert Judgment, Facilitation Techniques
Outputs: Project Charter
Project Selection Methods
- Benefit Cost Ratio (BCR)
- Economic Value Add (EVA)
- Present Value (PV)
- Net Present Value (NPV)
- Internal Rate of Return (IRR)
- Return on Investment (ROI)
- Return on Invested Capital (ROIC)
NOTE: For all of the above bigger is better! For the below smaller is better. - Payback Period
- Opportunity Cost
Project Triggers
- Market Demand
- Business Need
- Customer Request
- Technological Advance
- Legal requirement
- Ecological impact
- Social need
What does a Project Charter include?
- The reason for the project
- High-level project requirements
- High-level Milestone Schedule
- Preliminary budget
What are the ITTOs for the Project Management Plan?
Inputs: Project Charter, 16 components of the project plan, Enterprise Environ.Factors, Organizational Process Assets
Tools/Techniques: Expert Judgement, Facilitation Techniques
Outputs: Project Management Plan
