100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
PMP Certification GRADE A+ SOLUTION $15.49   Add to cart

Exam (elaborations)

PMP Certification GRADE A+ SOLUTION

 5 views  0 purchase
  • Course
  • Institution

Change Control Board Group whose function is to review, approve or reject changes on the project as they relate to the various areas of the represented bussiness Change Control System Used to asses the impact and consequnces of requested changes on the project Contraints Factors that limits pr...

[Show more]

Preview 3 out of 27  pages

  • May 4, 2024
  • 27
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
avatar-seller
Change Control Board
Group whose function is to review, approve or reject changes on the
project as they relate to the various areas of the represented
bussiness
Change Control System
Used to asses the impact and consequnces of requested changes on the
project
Contraints
Factors that limits project options such as the number of people
available, amount of time or money available to finish the job or
other resources or assest issues
1. Close out any contracts w/ outside vendors
2. Deliver any required reports assoc. w/ closure (Opa updates)
3. Complete any Close Project of Phase activites
4. Performed Lessons Learned
5. Complete Archives of any project Files (OPA updates)
6. Release resources for other projects
General Closing Order of itmes for a project (6)
Opportunity that allows the team to learn from past experience and
improve on the project as the complete it. LL can come along before
the end on the project . If they come at the end administrative
procedures come into play
What are Lessons Learned?
1. To develop a consistent process to evaluate changes
2. To create an environment in which you can review and approve
appropiate changes to modify the project for the better.
3. To set communication standards so the project team can communicate
those changes to the appropiate stakeholders
3 main goals of a configuration mgmt system
Project Managment Plan
A cumulative document that contains all the documents used in the
project mgmt apporach on the project. It describes the steps
associated w/ executing, monitoring and controlling and closing
Product Verification Lesson Learned
Updating records - Project files, contract files
Reporting Archiving Formal Acceptance
Closing a Project Includes the Following (3)

,When you perform project mgmt part of the concept of planning is to
deal with items unkown, here you must make assumptions for scheduling
and budgeting. In most cases as the project evolves you learn more
about it
Know Assumptions as they relate to a Project
PMIS
Used for communication and information distribution on the project
not necessarily a high tech system but whatever is used for project
communication on the project. Normally a mixture of technology and
non-technology.
Project Scope is built
What is the result of Executing?
Project Charter and Stakholders are Identified
What is the result of Initiating?
Corrective Action
What is the result of Monitoring and Controlling?
results in the product, service or result transition of the project
What is the result of Closing?
Characteristics of the PMO (3)
A centralized area for all 1.PM personnel to and be assigned. 2. for
documentation a process support 3. For Project mgmt support and
auditing of projects.
Characteristics of the PMO (3)
Mgmt by Projects
Performing day to day operations by a project Mgmt approach...
Project Initiation
The process that result in the authorization of a project..
Planning Process
The process required to develop the activites to attain objective..
Project Mgmt
Emcompasses project of similar work or correlated activites managed
in a coordinated way to attain benefits that could not achieved
separately
Project Life Cycle
Process of completing work on the Project. It is not the management
of the work, but rather the work process. Can be describe what work
is done (and who does the work ) in each phase of the project, what
the deliverables are, and the approval for each phase
Sub Project
A smaller piece of the project as a result of decomposition; is
usually created as a result of creating the work breakdown structure
Characterisitics of Project(5)

, Has a specific purpose Creates specific results
Has a start a nd finish Temporary
Could be progressively elaborated as more is learn
Product Life Cycle
Involves the product or service from concept to divestment (closure)
This cycle typically begins with a business plan end with a product
or service
Project Mgmt Life Cycle in 5 process group
Initating Planning Executing Monitoring and Controlling
Closing
Projects (or project selection) are typically authorized as result of
the following
Market Demand Strategic Opportunity Customer Request
Technological Advance Legal requirements
Program Management
A group of related projects managed in a coordinated way to obtain
benefits and control not availble from managing the individually
Strategic Planning
Practice by which a company looks into the furture for products or
services it must have, typically 3 to 5 years in the future. Projects
are the tools that company will use to implement the strategic goals
Scope time cost
What is the triple contraints?
Quality gurus HR gurus Comm Channels Fromula
Expected Monetary Value Formula
Four Core Earned Value Formula
Standard Deviation Values Triangular pert formulas
10 things remember for a brain dump
Process groups /Knowledge areas are number by
2 - 20 - 8 - 10 - 2
Portfolio
A group of programs of projects related and managed in a coordinated
way to achieve specific strategic business goals
Program
A group of related projected project that are managed to obtain
synergistic benefits and control
Projectized Organization
An Organizational which authorizes the project manager to assign
resources to the project to establish priorities and to direct the
work of the project
Portfolio Mgmt
Mgmt of various portfolios that include the project and programs of
which they consist can in prioritization, authorization, mgmt

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller munyuabeatrice92. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $15.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75759 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$15.49
  • (0)
  Add to cart