PMstudy Process Chart

Name the 10 Knowledge Areas
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

Name the Process Groups
1. Initiating
2. Planning
3. Executing
4. Monitoring & Controlling
5. Closing

I-P-E-M-C
I Pee Exotic Multi Colors

All ______ are written in boxes.
Processes

Processes in the Integration Area
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

Processes in Scope Area
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

Processes in Time Area
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

Processes in Cost Area
Planning: Plan Cost Management
Planning: Estimate Costs
Planning: Determine Budget
Monitoring & Controlling: Control Costs

Processes in Quality
Planning: Plan Quality Management
Executing: Perform Quality Assurance
Monitoring & Controlling: Control Quality

Processes in Human Resources
Planning: Plan Human Resource Management
Executing: Acquire Project Team
Executing: Develop Project Team
Executing: Manage Project Team

Processes in Communications
Planning: Plan Communications Management
Executing: Manage Communications
Monitoring & Controlling: Control Communications

Processes in Risk
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

Processes in Procurement
Planning: Plan Procurement Management
Executing: Conduct Procurement
Monitoring & Controlling: Control Procurements
Closing: Close Procurements

Processes in Stakeholder
Initiating: Identify Stakeholders
Planning: Plan Stakeholder Management
Executing: Manage Stakeholder Engagement
Monitoring & Controlling: Control Stakeholder Engagement

Acronym: PV
Planned Value

Acronym: EV
Earned Value

Acronym: AC
Actual Cost

Acronym: BAC
Budget At Completion

Acronym: SV
Earned Value Formula:
Scheduled Variance
EV – PV

Acronym: CV
Earned Value Formula:
Cost Variance
EV – AC

Acronym: SPI
Earned Value Formula:
Schedule Performance Index
EV / PV

Acronym: CPI
Earned Value Formula:
Cost Performance Index
EV / AC

Acronym: % Complete
Earned Value Formula:
Percent Complete
(EV / BAC) * 100

Acronym: EAC
Earned Value Formula(s):
1. Estimating Assumptions not valid
AC + ETC

2. Current Variances are atypical
AC + BAC – EV

3. Current Variances are typical (DEFAULT)
BAC / CPI

Acronym: ETC
Earned Value Formula:
Estimate to Complete
EAC – AC

Acronym: VAC
Earned Value Formula:
Variance at Completion
BAC – EAC

Acronym: TCPI
Earned Value Formula(s):
To-Complete Performance Index
(Based on BAC)
(BAC – EV) / (BAC – AC)

To-Complete Performance Index
(Based on EAC)
(BAC – EV) / EAC – AC)

Acronym: AF
Procurement Formula:
AF = Actual Fee; TC = Target Cost;
AC = Actual Cost; TF = Target Fee;
SSR = Seller’s Share Ratio

{ (TC – AC) SSR } + TF

Float
LF – EF OR LS – ES

PERT
(P + 4M + O) / 6
Std. Deviation = (P – O) / 6
Variance = { (P – O)/6 } sqr or SD sqr

Communication Channels
N (N – 1) /2

EMV
Probability * Impact

Present Value
Future Value / (1 + r) raised t

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