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P+ Study 1

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verickle's version from 2017-03-22 20:39

Formulas

Question Answer
VACBAC - EAC
SVEV - PV
CVEV - AC
SPIEV / PV
CPIEV / AC
EV(% work completed) * BAC
EACBAC / CPI
ETCEAC - AC
memorize

Process Groups

Question Answer
: InitiatingPlanning
Initiating, ControllingPlanningExecuting
Planning, ControllingExecutingControlling
ExecutingControllingPlanning, Executing, Closing
ControllingClosing
memorize

Explain the requirements to complete a pre-project setup

Question Answer
Identify the projectProblem statement.
Validate the projectBusiness case, stockholder identification.
Prepare a project charterDocuments the high-level goals and objectives of the project.
Obtain approval (signature) for project charterProvides the project manager with the authority to move forward, and it serves as the official notification of the start of the project.
memorize

Steps required to validate a project

Question Answer
Feasibility analysisDetermine whether there is a compelling reason to perform the proposed project.
JustificationBenefits to the organization for undertaking the project.
Alignment to strategic planHow the project and its outcomes will align to the organization's overall strategic plan.
Identify and analyze stakeholdersAnyone who has a vested interest in the project.
memorize

Components of a project charter

Question Answer
Key project deliverablesMeasurable outcomes,results, or specific items that must be produced in order to consider the project complete.
High-level milestonesMajor events in a project that are used to measure progress.
High-level cost estimatesHigh-level estimate of the project's costs.
Identify stakeholdersScaled-down version of the stakeholder matrix.
General project approachKey characteristics of the product, service, or result that will be created by the project.
Problem statementWhy are we embarking on this project in the first place?
High-level assumptionsEvents, actions, concepts, or ideas you believe to be true.
High-level constraintsAnything that either restricts or dictates the actions of the project team.
High-level risksOpportunities or threats to the project.
memorize

Process Groups

Question Answer
InitiatingIdentifying the project and the business need, documenting the business justification, performing business case validation, and using the project selection methods.
PlanningCreate time and cost estimates and determine resource requirements for each activity.
ExecutingExecution of the project plan, team development, quality assurance, information distribution.
Monitoring/ControllingScope control, cost control, schedule control, quality control, performance reporting, and risk control.
ClosingThe sign-off, archive of project documents, turnover to a maintenance group, release of project team members, and review of lessons learned.
memorize

Organizational Structures

Question Answer
FunctionalEach department is managed independently with a limited span of control.
Weak matrixThe functional managers have the majority of power.
MatrixEmployees report to one functional manager and at least one PM.
Strong matrixThe project manager has the majority of power.
ProjectizedOrganizational structure focused on projects.
memorize