... 374 Preparing for the ProjectManagementProfessional Certification Exam team to be on site at certain hours or because they are ... completed Answer: b It would be a conflict of interest to own a company that was supplying parts to a project that you are managing Receiving a gift of a small amount or one that is within the limits ... would be to divide the money by letting the team decide how to divide it This is participative management 11 Answer: b Unsupported allegations that are brought to you by a third party may often...
... something close to it This is true of many of the things that we would like to approximate in projectmanagement The probability distribution of cost and schedule estimates fits this kind of distribution ... the completion time for a project In cost estimating, the normal distribution is used to predict the range of values that has a given probability of occurring if that project is actually done ... true value of our project will be between two estimated values For convenience, multiples of the standard deviation are used to mark off these ranges in values The mean value of a project cost, for...
... of the project team who are directly involved in projectmanagement activities On some smaller projects, the projectmanagement team may include virtually all of the project team members Project ... out the project plan by performing the activities included therein Project planning The development and maintenance of the project plan Project procurement management A subset of projectmanagement ... Principles of Management Science Englewood Cliffs, NJ: Prentice-Hall ProjectManagement Institute 2000 ProjectManagementProfessional (PMP) Role Delineation Study Newtown Square, PA: Project Management...
... justification of projects CHAPTER Time Management T he Guide to the ProjectManagement Body of Knowledge describes project time management as the process used to ensure the timely completion of the project ... Preparing for the ProjectManagementProfessional Certification Exam lated for this project It will also contain a brief business case showing the justification for the project The project charter ... in the project To create a WBS is a simple task: the project is first broken down into a group of subprojects Each of these subprojects can be broken down to sub-subprojects The sub-subprojects...
... method of managing a project by applying 76 Preparing for the ProjectManagementProfessional Certification Exam the management effort of the project manager and the efforts of the project team in ... create two events, 56 Preparing for the ProjectManagementProfessional Certification Exam the start of the project and the finish of the project An event is a project activity that has zero duration ... become inexpensive enough for many project managers to afford 74 Preparing for the ProjectManagementProfessional Certification Exam The Simulation In our project schedule, the predecessors...
... to the ProjectManagement Body of Knowledge (PMBOK) and pass the ProjectManagementProfessional (PMP) examination If the professional organization for project managers, the ProjectManagement ... Is ProjectManagement Anyway? Advantages of ProjectManagement Organizing for ProjectManagement The Projectized Organization The Traditional Organization The Matrix Organization 7 10 The Project ... for the ProjectManagementProfessional Certification Exam The Project Life Cycle Projects of any size, large or small, can be managed using the projectmanagement methodology Because all projects...
... working full time on project 0% 0% to 25% 15% to 60% 50% to 100% 100% Titles Project coordinator Project lead Project coordinator Project lead Project expeditor Project manager Project manager Program ... Richard Cordes Nancy Brown ProjectProjectProjectProjectProjectProject Strong Matrix, Weak Matrix, and Balanced Matrix Strong Matrix In a strong matrix organization the project manager has greater ... accomplishing the task In project management, job enrichment is fundamental to the management of the project Each of the persons on the project team as well as the stakeholders of the project are encouraged...
... for the ProjectManagementProfessional Certification Exam Budgeting for Risk TE AM FL Y In keeping with the principle that project baselines are definite commitments for the project, the project ... 134 Preparing for the ProjectManagementProfessional Certification Exam manage the risk of the project There are several inputs to the risk planning process The overall project plan is a major ... percent chance 152 Preparing for the ProjectManagementProfessional Certification Exam Table 5-4 Worst-case and best-case situations Risk Event Impact Project cost Project revenue Fail acceptance...
... the project All of the other areas of the management of the Quality Management 167 project should complement the quality plan Risk is of major importance in the quality plan Areas of the project ... Summary Quality management is one of the most important aspects of projectmanagement It is the ‘‘stuff ’’ that holds a project together We must have excellent quality in the projects that we ... quality of future projects as well Lessons learned from one project are applied to the quality plans of future projects so that there can be an ever-improving level of quality in projects completed...
... Many times a project is not able to produce everything that is needed to complete the project When this occurs the project manager becomes the 194 Preparing for the ProjectManagementProfessional ... adjust the selling price at the end of the project according to the average interest rate over the period In the 1970s 188 Preparing for the ProjectManagementProfessional Certification Exam many contracts ... of the project if the supplier delivers the project early or if the project performance exceeds the agreed upon specifications In this situation the risk of meeting the conditions of the project...
... the ProjectManagementProfessional Certification Exam Figure 8-1 The importance of communications management (survey of project managers) Which of the following you consider important projectmanagement ... could be devoted to more direct project work The Internet has proven to be a great communication tool for projectmanagementProject data from various parts of a project located in remote parts ... in projectmanagement Many times the project manager is required to make formal presentations to customers and stakeholders in the project Good presentation skills are necessary in a good project...
... proper risk management plan can be worked out The stakeholder must be considered in many other areas of the projectdevelopment as well as in risk management The project manager and the project team ... effect of maintaining standards of conduct All certified projectmanagement professionals agree to support the Code A projectmanagementprofessional is required by the Code to provide truthful ... In managing a project, a project manager takes on the responsibility of providing qualified professional service No project manager should take on Professional Responsibility 217 a project for which...
... order to achieve the project objectives.’’ Nine questions ‘‘Communicate project progress by producing 222 Preparing for the ProjectManagementProfessional Certification Exam project reports to ... classes, writing a book or an article on project management, presenting a paper on project management, and many other items outlined in the professionaldevelopment section of PMI’s Web site at ... involved with projectmanagement • Experience verification includes thirty-six months total • Deliverables from each project are summarized • There are thirty-five hours of documented project management...
... upper management s commitment to the project and gives the authority to manage the project to the project manager is called: a b c d The project plan The project goals and objectives The project ... work The project assignment The project charter The product description Scope Management 239 18 A project manager is reviewing the work breakdown structure for her project The WBS for the project ... the project The work that must be performed by the project team All the activities of the project 19 A manager that manages a group of related projects is called a: a b c d Project manager Project...
... projects Reporting may frequently be delegated to someone on the project team or even a member of the projectmanagement support office 24 Answer: c TE This is the definition of a project The project ... group of related projects in a coordinated way 20 Answer: b A work breakdown structure is a deliverable-oriented grouping of project ele- 322 Preparing for the ProjectManagementProfessional Certification ... the project manager to have authority over the people who actually the work in the project In the projectized organization the project manager has complete authority over the people on the project...
... sampling 254 Preparing for the ProjectManagementProfessional Certification Exam 38 The project manager for a project is going to use the PERT method of scheduling for the project that she is working ... activity 35 A project manager is approached by the major stakeholder in the project and is asked to reduce the time for the scheduled completion of the project The project manager reviews the project ... the ProjectManagementProfessional Certification Exam c Either person can be used d A person should be brought in from outside the project 31 In the first attempt in resource leveling the project...
... 326 Preparing for the ProjectManagementProfessional Certification Exam The first work of the project is done on May 1, and the last work of the project is finished on May 20 Answer: ... the operating budget of the project The total project budget contains the operating project budget or baseline, contingency reserve, and the management reserve The project budget baseline is increased ... will significantly influence the duration of most activities and the project itself 330 Preparing for the ProjectManagementProfessional Certification Exam Resource capabilities The duration of...
... Preparing for the ProjectManagementProfessional Certification Exam impact on the project brought about by these risks is estimated at $40,000 What value should be entered into the management reserve ... for the project Time phased budget for the project Total budget for the project including the contingency budget Total budget for the project including the contingency budget and the management ... on a project is the: 258 Preparing for the ProjectManagementProfessional Certification Exam a b c d Spending plan Cost baseline WBS Schedule 13 A large piece of equipment is needed for the project...
... 334 Preparing for the ProjectManagementProfessional Certification Exam Answer: b The cost baseline is the time-phased budget for the project It is usually shown as the PV curve ... cycle costs are those associated with the project during the entire life of the project These costs affect the way we think of the project since a poorly done project may finish below its intended ... cumulative value of the project budget over time It will usually have a characteristic ‘‘S’’ shape to it The contingency reserve and the management reserve are added to the project budget and baseline...
... toward the support of the project community within the organization is called: a b c d Matrix organization Project office Project team Projectmanagement office On a project team one of the team ... to the project 268 Preparing for the ProjectManagementProfessional Certification Exam manager and explains the problem The problem is the responsibility of the: a b c d Project team Project ... is a formalized structure where the project teams and the project managers reside is called: a b c d Matrix organization Project office Project team Projectmanagement office 11 A conflict arises...