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PMstudyprocesschart Formula V5

The document outlines the project management process groups and knowledge areas. It includes initiating, planning, executing, monitoring and controlling, and closing. Key processes involve developing plans, defining scope, scheduling activities, estimating costs and quality, managing teams and risks, and procuring items.

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786tip786
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883 views

PMstudyprocesschart Formula V5

The document outlines the project management process groups and knowledge areas. It includes initiating, planning, executing, monitoring and controlling, and closing. Key processes involve developing plans, defining scope, scheduling activities, estimating costs and quality, managing teams and risks, and procuring items.

Uploaded by

786tip786
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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PMstudy Process Chart PMstudy Process Chart

Process Group Knowledge Area

Initiating

Planning

Executing
Direct and Manage Project Work
- Deliverables - Work Performance - Data

Monitoring & Controlling


Monitor and Control Project Work Perform Integrated Change Control

Closing
Close Project or Phase
Final product, service, or result transition

Integration

Develop Project Charter

Develop Project Management Plan

Plan Scope Management

Scope
Scope Statement

Collect Requirements Define Scope Create WBS Plan Schedule Management Define Activities
Activity List Scope Baseline

Validate Scope Control Scope

Accepted Deliverables

Sequence Activities Estimate Activity Resources Estimate Activity Durations Develop Schedule Plan Cost Management
Project Schedule

Time
Activity Resource Requirements Activity Duration Estimates

Control Schedule

Cost

Activity Cost Estimates

Estimate Costs Determine Budget Plan Quality Management


Cost Baseline

Control Costs
Verified Deliverables

Quality

Perform Quality Assurance Acquire Project Team

Control Quality

Quality Control Measurements

Staff Assignments Team Performance Assessments

Human Resource

Plan Human Resource Management

Develop Project Team Manage Project Team Manage Communications

Communications

Plan Communications Management Plan Risk Management


Risk Register

Control Communications

Identify Risks Perform Qualitative Risk Analysis Perform Quantitative Risk Analysis Plan Risk Responses
- Procurement Management Plan - Procurement SOW - Procurement Documents - Source Selection Criteria

Risk

Control Risks

Agreements

Procurement
Identify Stakeholders

Closed Procurements

Plan Procurement Management Plan Stakeholder Management

Conduct Procurements Manage Stakeholder Engagement

Control Procurements Control Stakeholder Engagement

Close Procurements

Stakeholder

Stakeholder Register

Issue Log

PMP and PMI Registered Education Provider logo are registered marks of the Project Management Institute, Inc.

V1

2013 PMstudy.com. All rights reserved.

PMstudy Process Chart


Earned Value Formulas
Acronym PV EV AC BAC SV CV SPI CPI % Complete Term Definitions (Do not reproduce in PMP Exam) Planned Value Earned Value Actual Cost Budget at Completion Schedule Variance Cost Variance Schedule Performance Index Cost Performance Index Percent Complete 1. Estimating Assumptions not valid 2. Current Variances are atypical 3. Current Variances are typical (DEFAULT) Estimate to Complete Variance at Completion To-Complete Performance Index (Based on BAC) TCPI To-Complete Performance Index (Based on EAC) (BAC - EV) (EAC - AC) EV - PV EV - AC EV / PV EV / AC (EV / BAC) x 100 1. AC + ETC 2. AC + BAC - EV 3. BAC / CPI EAC - AC BAC - EAC (BAC - EV) (BAC - AC) EMV = (Probability x Impact) Communication Channels = N (N - 1) / 2 Normal Distribution 6 sigma = 99.99% 3 sigma = 99.73% 2 sigma = 95.46% 1 sigma = 68.26% Formula Float = LF - EF or LS - ES

PERT = (P + 4M + O)/6 Std. Deviation = (P - O)/6 Variance = {(P - O)/6}2 or SD2

EAC

Present Value =

Future Value (1 + r)t

ETC VAC

Procurement Formula
Acronym Term Definitions (Do not reproduce in PMP Exam) AF = Actual Fee; TC = Target Cost; AC = Actual Cost; TF = Target Fee; SSR = Sellers Share Ratio Formula

AF

{ ( TC - AC) SSR } + TF

Hints for PMstudy Process Chart (no need to reproduce in final PMP exam)
1. The PMstudy Process Chart should be dumped from memory in 15-minute tutorial time before you start the actual PMP exam. Practice and abbreviate as much as possible. 2. You do not need to write down the Term Definitions in the final PMP exam (i.e., black text on this page). 3. For Earned Value calculations, Formulas for SV, CV, SPI, CPI have EV as first term. Positive SV, CV values are good. CPI, SPI ratios > 1 are good. TCPI ratio < 1 is good. 4. : Shows primary output is .... Management Plan for all marked processes (total = 10).

5. For most Monitoring and Controlling processes, inputs include Work Performance Data, the Project Management Plan and relevant Project Documents. Outputs typically include Change Requests, Work Performance Information, and updates to the Project Management Plan, Project Documents and Organizational Process Assets.
PMP and PMI Registered Education Provider logo are registered marks of the Project Management Institute, Inc. V1

2013 PMstudy.com. All rights reserved.

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