PMstudy Process Chart – Flashcards
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Name the 10 Knowledge Areas
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1. Integration 2. Scope 3. Time 4. Cost 5. Quality 6. Human Resource 7. Communications 8. Risk 9. Procurement 10. Stakeholder I-S-T-C-Q-H-C-R-P-S I See Tigers Chomp Quality Hairy Chimps Resting Pool-Side
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Name the Process Groups
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1. Initiating 2. Planning 3. Executing 4. Monitoring & Controlling 5. Closing I-P-E-M-C I Pee Exotic Multi Colors
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All ______ are written in boxes.
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Processes
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Processes in the Integration Area
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1. Initiating: Develop Project Charter 2. Planning: Develop Project Management Plan 3. Executing: Direct and Manage Project Work 4. Monitoring & Controlling: Monitor and Control Project Work 5. Monitoring & Controlling: Perform Integrated Change Control 6. Closing: Close Project or Phase
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Processes in Scope Area
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1. Planning: Plan Scope Management 2. Planning: Collect Requirements 3. Planning: Define Scope 4. Planning: Create WBS 5. Monitoring & Controlling: Validate Scope 6. Monitoring & Controlling: Control Scope
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Processes in Time Area
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Planning: Plan Schedule Management Planning: Define Activities Planning: Sequence Activities Planning: Estimate Activity Resources Planning: Estimate Activity Durations Planning: Develop Schedule Monitoring & Controlling: Control Schedule
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Processes in Cost Area
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Planning: Plan Cost Management Planning: Estimate Costs Planning: Determine Budget Monitoring & Controlling: Control Costs
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Processes in Quality
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Planning: Plan Quality Management Executing: Perform Quality Assurance Monitoring & Controlling: Control Quality
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Processes in Human Resources
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Planning: Plan Human Resource Management Executing: Acquire Project Team Executing: Develop Project Team Executing: Manage Project Team
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Processes in Communications
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Planning: Plan Communications Management Executing: Manage Communications Monitoring & Controlling: Control Communications
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Processes in Risk
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Planning: Plan Risk Management Planning: Identify Risks Planning: Perform Qualitative Risk Analysis Planning: Perform Quantitative Risk Analysis Planning: Plan Risk Responses Monitoring & Controlling: Control Risks
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Processes in Procurement
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Planning: Plan Procurement Management Executing: Conduct Procurement Monitoring & Controlling: Control Procurements Closing: Close Procurements
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Processes in Stakeholder
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Initiating: Identify Stakeholders Planning: Plan Stakeholder Management Executing: Manage Stakeholder Engagement Monitoring & Controlling: Control Stakeholder Engagement
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Acronym: PV
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Planned Value
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Acronym: EV
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Earned Value
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Acronym: AC
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Actual Cost
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Acronym: BAC
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Budget At Completion
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Acronym: SV Earned Value Formula:
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Scheduled Variance EV - PV
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Acronym: CV Earned Value Formula:
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Cost Variance EV - AC
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Acronym: SPI Earned Value Formula:
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Schedule Performance Index EV / PV
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Acronym: CPI Earned Value Formula:
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Cost Performance Index EV / AC
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Acronym: % Complete Earned Value Formula:
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Percent Complete (EV / BAC) * 100
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Acronym: EAC Earned Value Formula(s):
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1. Estimating Assumptions not valid AC + ETC 2. Current Variances are atypical AC + BAC - EV 3. Current Variances are typical (DEFAULT) BAC / CPI
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Acronym: ETC Earned Value Formula:
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Estimate to Complete EAC - AC
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Acronym: VAC Earned Value Formula:
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Variance at Completion BAC - EAC
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Acronym: TCPI Earned Value Formula(s):
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To-Complete Performance Index (Based on BAC) (BAC - EV) / (BAC - AC) To-Complete Performance Index (Based on EAC) (BAC - EV) / EAC - AC)
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Acronym: AF Procurement Formula:
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AF = Actual Fee; TC = Target Cost; AC = Actual Cost; TF = Target Fee; SSR = Seller's Share Ratio { (TC - AC) SSR } + TF
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Float
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LF - EF OR LS - ES
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PERT
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(P + 4M + O) / 6 Std. Deviation = (P - O) / 6 Variance = { (P - O)/6 } sqr or SD sqr
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Communication Channels
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N (N - 1) /2
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EMV
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Probability * Impact
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Present Value
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Future Value / (1 + r) raised t
