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Q:

Project Procurement Management - Processes

Describe the Inputs, Tools and Techniques , Outputs included in the Plan Purchase and Acquisitions?

Answer

I. Inputs



  • Enterprise environmental factors

  • Organizational process assets

  • Project scope statement

  • Work breakdown structure

  • WBS dictionary

  • Project management plan


                 - Risk register


                 - Risk - related contractual agreements


                 - Resource requirements


                 - Project schedule


                 - Activity cost estimates


                 - Cost baseline


II. Tools and Techniques



  • Make-or-buy analysis

  • Expert judgement

  • Contract types


III. Outputs



  • Procurement management plan

  • contract statement of work

  • make-or-buy decisions

  • Requested changes       

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Q:

Project Procurement Management

What are the Project Management Processes included in the Project Procurement Management?

Answer

The Project Procurement Management processes include the following:


Plan Purchases and Acquisitions - determining what to purchase or acquire and determining when and how.


Plan Contracting - documenting products, services, and results requirements and identifying potential sellers.


Request Seller Responses - obtaining information, quotations, bids, offers, or proposals, as appropriate.


Select Sellers - reviewing offers, choosing among potential sellers, and negotiating a written contract with each seller.


Contract Administration - managing the contract and relationship between the buyer and seller , reviewing and documenting how a seller is performing or has performed to establish required corrective actions and provide a basis for future relationships with the seller, managing contract-related changes and, when appropriate , managing the contractual relationship with the outside  buyer of the project.


Contract Closure - completing and settling each contract, including the resolution of any open items, and closing each contract applicable to the project or a project phase 

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Q:

Project Risk Management - Processes

Describe the Inputs, Tools and Techniques , Outputs included in the Risk Monitoring and Control?

Answer

I. Inputs



  • Risk management plan

  • Risk register

  • Approved change requests

  • work performance information

  • performance reports


II. Tools and Techniques



  • Risk reassessment

  • Risk audits

  • Variance and trend analysis

  • Technical performance measurement

  • Reserve analysis

  • Status meetings


III. Outputs



  • Risk register (updates)

  • Requested changes

  • Recommended corrective actions

  • Recommended preventive actions

  • Organizational process assets (updates)

  • Project management plan (updates)

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Q:

Project Risk Management - Processes

Describe the Inputs, Tools and Techniques , Outputs included in the Risk Response Planning?

Answer

I. Inputs



  • Risk management plan

  • Risk register


II. Tools and Techniques



  • Strategies for negative risk or threats

  • Strategies for positive risks or opportunities

  • Strategies for both threats and opportunities

  • Contingent response strategy


III. Outputs



  • Risk register (updates)

  • Project management plan (updates)

  • Risk - related contractual agreements

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Q:

Project Risk Management - Processes

Describe the Inputs, Tools and Techniques , Outputs included in the Quantitative Risk Analysis?

Answer

I. Inputs



  • Organizational process assets

  • Project scope statement

  • Risk management plan

  • Risk register

  • Project management plan


                 - Project schedule management plan


                 - Project cost management plan


II. Tools and Techniques



  • Data gathering and representation techniques

  • Quantitative risk analysis and modeling techniques


III. Outputs



  • Risk register (updates)

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Q:

Project Risk Management - Processes

Describe the Inputs, Tools and Techniques , Outputs included in the Qualitative Risk Analysis?

Answer

I. Inputs



  • Organizational process assets

  • Project scope statement 

  • Risk management plan

  • Risk register


II.  Tools and Techniques



  • Risk probability and impact assesment

  • Probability and impact matrix

  • Risk data quality assessment

  • Risk categorization 

  • Risk Urgency assessment


III. Outputs



  • Risk register (updates)

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Q:

Project Risk Management - Processes

Describe the Inputs, Tools and Techniques , Outputs included in the Risk Identification?

Answer

I. Inputs



  • Enterprise environmental factors

  • Organizational process assets

  • Project scope statement

  • Risk management plan

  • Project management plan


II. Tools and Techniques



  • Documentation reviews

  • Information gathering techniques

  • Checklist analysis

  • Assumptions analysis

  • Diagramming techniques


III. Outputs



  • Risk register

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Q:

Project Risk Management - Processes

Describe the Inputs, Tools and Techniques , Outputs included in the Risk Management Planning?

Answer

I. Inputs



  • Enterprise environmental factors

  • Organizational process assets

  • Project Scope statement

  • Project Management plan


II. Tools and Techniques



  • Planning meetings and analysis


III. Outputs



  • Risk Management Plan

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