PMP Prep

Question	Answer
5.4 Create WBS	Create WBS is the process of subdividing project deliverables and project work into smaller, more manageable components.
5.5 Validate Scope	Validate Scope is the process of formalizing acceptance of the completed project deliverables.
13.3 Manage Stakeholder Engagement	Manage Stakeholder Engagement is the process of communicating and working with stakeholders to meet their needs/expectations, address issues as they occur.
13.1 Identify Stakeholders Power Interest Matrix	High power, High interest -> Manage Closely High power, Low interest -> Keep Satisfied Low power, Low interest -> Monitor Low power, High interest -> Keep Informed
9.3 Develop Project Team	Develop Project Team is the process of improving competencies, team member interaction, and overall team environment to enhance project performance.
9.3 Develop Project Team Tuckman ladder	• Forming. • Storming. • Norming. • Performing. • Adjourning.
6.6.3.2 Project Schedule Project network diagrams	are schematic displays of the logical relationships among activities.
7.4.2.1 Earned Value Management SV	Scheduled variance EV-PV
7.4.2.1 Earned Value Management CV	Cost variance EV-AC
7.4.2.1 Earned Value Management SPI	Schedule performance index EV / PV
7.4.2.1 Earned Value Management CPI	Cost performance index EV / AC
7.4.2.1 Earned Value Management BAC	Budget at completion The sum of all budgets established for the work to be performed.
7.4.2.1 Earned Value Management EV	Earned value (BAC) (% Work complete)
7.4.2.1 Earned Value Management CPI	Cost performance index EV / AC
7.4.2.1 Earned Value Management SPI	Schedule performance index EV / PV
7.4.2.1 Earned Value Management EAC	Estimate at completion a) BAC / CPI b ) AC + BAC – EV
6.5 Estimate Activity Durations Three-point estimating and risk	Three-point estimating gives an indication of the risk of not meeting your date.
BCR	Benefit cost ratio The project with the lowest benefit cost ratio should be selected for termination.
3.9 Role of the Knowledge Areas What is a project manager main role?	Perform integration management. To put all the pieces of a project in a cohesive whole
12.2.2 Conduct Procurements Techniques allow to compare vendors to choose the one that best meets project need criteria.	Weighting systems screening systems summaries of past performance
12.2.2 Conduct Procurements Independent estimate	Comparing cost estimates of bidders with in-house or other expert estimates.
5.2.2.5 Group Decision-Making Techniques What technique can use for identifying risks?	The Delphi technique can be used to get consensus of experts when identifying project risks.
5.2.2.5 Group Decision-Making Techniques Unanimity.	A decision that is reached whereby everyone agrees on a single course of action.
5.2.2.5 Group Decision-Making Techniques Majority.	A decision that is reached with support obtained from more than 50 % of the members of the group.
5.2.2.5 Group Decision-Making Techniques Plurality.	A decision that is reached whereby the largest block in a group decides, even if a majority is not achieved
5.2.2.5 Group Decision-Making Techniques Dictatorship.	In this method, one individual makes the decision for the group.
PMIS	Project management information system The system contains processes and tools to allow you, the project manager, to know the status of your project at all times.
8.1 Project Quality Management	includes the processes and activities of the performing organization that determine quality policies, objectives, and responsibilities so that the project will satisfy the needs for which it was undertaken.
11.2 Identify Risks How to?	By assessing potential problems with stakeholder engagement, the team is able to identify and address related risks to project success.

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