PMP Certification Questions

• Monitor and Control Project Work


• Integrated Change Control


• Scope Verification


• Scope Control


• Schedule Control


• Cost Control


• Perform Quality Control


• Manage Project Team


• Performance Reporting


• Manage Stakeholders


• Risk Monitoring and Control


• Contract Administration

The Project Risk Management Processes include the following:

Risk Management Planning - Deciding how to approach , plan, and execute the risk management activities for a project

Risk Identification - Determining which risks might affect the project and documenting their characteristics.

Qualitative Risk Analysis - Prioritizing risks for subsequent further analysis or action by assessing and combining their probability of occurrence and impact

Quantitative Risk Analysis - Numerically analyzing the effect on overall project objectives of identified risks

Risk Response Planning - Developing options and actions to enhance opportunities , and to reduce threats to project objectives.

Risk Monitoring and Control - Tracking identified risks, monitoring residual risks, identifying new risks, executing risk response plans, and evaluating their effectiveness throughout the project life cycle.

I. Inputs

• Procurement management plan


• Contract management plan


• Contract documentation


• Contract closure procedure

II. Tools and Techniques

• Procurement audits


• Records management system

III. Outputs

• Closed contracts


• Organizational process assets (updates)

1. Project Charter refers to a statement of objectives in a project.

 
2. It provides a preliminary delineation of roles and responsibilities, outlines the project objectives, identifies the main stakeholders, and defines the authority of the project manager.

 
3. It serves as a reference of authority for the future of the project. The terms of reference are usually part of the project charter.

A program is a group of related projects managed in a coordinated way to obtain benefits and  control  not available from managing them individually. Programs may include elements of related work outside of the scope of the discrete projects in the program.

For example:

A New car model program can be broken up into projects  for the design and upgrades of each major component (transmission, engine, interior, exterior) while the ongoing manufacturing occurs on the assembly line

A deliverable is a measurable, verifiable work product such as a specification, feasibility study report, detailed design document, or working prototype.

A project has a beginning and an end and passes through several phases of development known as life cycle phases. Every project has certain phases of development. A clear understanding of these phases allows managers and executives to maintain control of the project more efficiently.
These phases are varied depending upon the industry involved but all follow the same basic steps.

How Important is Project Life Cycle::

1. This is a tried and tested method for delivering projects on time, within budget and to the expected quality targets.

2. Aids communication and helps define roles within the project organisation as it provides a framework for the project that is visible and understood by all members of the project.

3. The project lifecycle will allow the project manager to link progress directly to each phase and recognise the completion of each phase

4. The phases within the project lifecycle provide an understanding of the evolution of the project, being able to identify areas that need greater attention at different times such as risk management in the early stages and more Project Evaluation Reviews during the Implementation stage.

5. At each stage, approval is generally required from outside the project team before proceeding to the next stage.

6. The project life cycle also allows for the gate procedure to be used.

7. At each stage, approval is generally required from outside the project team before proceeding to the next stage.

I. Inputs

• Enterprise environmental factors


• Organizational process assets


• Project scope statement


• Work breakdown structure


• WBS dictionary


• Project management plan

II. Tools and Techniques

• Decomposition


• Templates


• Rolling wave planning


• Expert judgment


• Planning component

III. Outputs

• Activity list


• Activity attributes


• Milestone list


• Requested changes