project management professional training in nigeria

Project Management Professional-Chapter 19b (Answer key)

... PROFESSIONAL RESPONSIBILITY1. Answer: cThere should be a change procedure in the project to handle changes that mightbe initiated by customers. The change procedure should include ... formanaging the change and the cost of developing the estimate for the effects ofthe change.2. Answer: cEstimating is just that, an estimating process. Perhaps it would have been betterfor the project ... practical.3. Answer: b In this kind of situation it is important that the customs and culture in theforeign country be respected. By consulting with your company’s management, the gift can...

Project Management Professional-Chapter 20

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... distribution is of value in project management becausethere are many situations in risk management where there are two possibleoutcomes, success and failure. In order to use the binomial distribution, ... DistributionThe beta distribution is used frequently in project management since itclosely resembles the phenomena in cost and scheduling. The beta probabil-ity distribution is bell shaped ... deviation=5Mean=22Mean=22being correct in our estimate. As in all probability distribution curves, thearea under the curve between the two points we are interested in comparedto the total area...

Project Management Professional-Chapter 21

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... 4–5 Project Management Institute (PMI), 1 Project Management Institute (PMI) ex-amination, 218–219closing project domain of, 222–223controlling project domain of, 222executing project domain ... of,221–222initiating project domain of,219–220planning project domain of, 220–221 professional responsibility domain of,223–224 project management ofﬁce, 12 project managers in balanced ... planning and controlling project costs andschedules. Project management team. The members of the project team who aredirectly involved in project management activities. On some smallerprojects,...

Project Management Professional-Chapter 1

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... such a thing. It is generally considered that investing in U.S. Treasury bills is a risk-free investment. Generally speaking, however,investing in the projects of a company and taking advantage ... overtime. Projects that have more cash ﬂowing into the organization than cashﬂowing out of the organization are good projects. In most projects it isnecessary to make an investment in the project ... products.So, initially the project is broken up into a group of subprojects. Thesesubprojects are further broken down into sub-subprojects, and so on. In thisway the largest project we can imagine could...

Project Management Professional-Chapter 2

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... However, most project management professionalsfeel that the complexity and difﬁculty in using this diagramming method isnot compensated for by this ability.Since the arrows in the diagram in ﬁgure ... promisedate, crashing or fast tracking must be used. Crashing a schedule is doinganything at all to reduce the scheduled completion of the project. Examplesof crashing would include reducing the scope ... of the project, adding addi-tional resources for selected activities, eliminating activities, and changingthe process to eliminate steps.Fast tracking is a special case of crashing. In fast...

Project Management Professional-Chương mở đầu

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... train-ing in the ways and methods of project management is in order. Often weﬁnd companies that are spending many thousands of dollars on training people who will manage projects and not training ... 197Decoding 197Understanding 197 9618$$ CNTS 09-06-02 14:58:11 PSxiv ContentsDomain 3: Executing the Project 221Domain 4: Controlling the Project 222Domain 5: Closing the Project 222Domain ... successful in the managing of a small business are the same as those that are necessaryfor the proper management of projects. In fact, since many project managerstoday are rooted in technical disciplines,...

Tài liệu Project Management Professional-Chapter 4 pptx

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... meeting in- creases at a diminishing rate. The cost of additional people in a meetingcontinues to increase in a linear fashion, and very soon the beneﬁt of addi-tional people at a meeting is ... Saab engineers estimated thata subassembly of the engine could be manufactured in 12.6 minutes usingassembly line techniques. The engineers also determined that a single person,working by himself ... within the project management methodology.To be an effective project manager, one must have skills in dealing with 9618$$ $CH4 09-06-02 14:59:31 PS108 Preparing for the Project Management Professional...

Tài liệu Project Management Professional-Chapter 5 pptx

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... Preparing for the Project Management Professional Certiﬁcation Exammanage the risk of the project. There are several inputs to the risk planningprocess. The overall project plan is a major input ... occuring. This action will result in acontingency plan. The contingency plan can be implemented if triggersoccur indicating the possibility of the risk occurring. In addition to thecontingency ... way of organizing and documentingthe risks. In the beginning of the project the risks may only be identiﬁed.Later in the project, additional information will be continuously added tothe risk...

Tài liệu Project Management Professional-Chapter 6 ppt

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... modernthinking on quality it is the individual person performing work that is reallyresponsible for assuring the quality of the product.Cost of QualityAs in all things in project management, ... Preparing for the Project Management Professional Certiﬁcation ExamFigure 6-1. Economics of quality.Optimum PointCost of defectsCost of inspectionTotal costLevel of inspection increasingCost020406080100120140Costs ... of PreventionAdditional planningEducation and training of project team and stakeholdersInspection and testing of the internal and external deliverables of the project Improved designs for quality...

Tài liệu Project Management Professional-Chapter 7 doc

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... PS192 Preparing for the Project Management Professional Certiﬁcation ExamForward BuyingForward buying is the process of buying items in anticipation of their need.As with all things it is important ... person doing the pur-chasing to determine whether or not the potential vendor is quoting a fairand agreeable price.As in the project management requirements deﬁnition, the process be-gins with ... its inception. In discussing contract management for projects we generally are inter-ested in the relationship between a buyer and a supplier.Make or BuyThe decision to make or buy something...

Tài liệu Project Management Professional-Chapter 8 ppt

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... Few lines are an indica-tion of the inhibitions of individuals in the meeting. A good meeting wouldshow lines between each individual in the meeting and every other individual in the meeting.Circular ... the project team will get the project completed successfully in spite of the project manager.According to the Guide to the Project Management Body of Knowledge,communications management in projects ... PS197Communications Management Figure 8-2. Communications model.LoopofunderstandingFeedbackChannelReceiverSenderChannelMessagePerceiving,decoding,and understandingThinking and encodingTransmittingThis...

Tài liệu Project Management Professional-Chapter 9 ppt

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... con-ferences can improve the world of project management. Supporting com-pany training programs and helping to offer training programs through alocal chapter of a project management association will ... of project management knowledge both by increasing the qualityand by improving the methods and techniques of project management. In addition to improving the tools of the profession the project ... Conduct.This has the effect of maintaining standards of conduct. All certiﬁed project management professionals agree to support the Code.A project management professional is required by the Code...

Tài liệu Project Management Professional-Chapter 10 docx

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... there would be six project management domains:• Initiating• Planning• Executing• Controlling218220 Preparing for the Project Management Professional Certiﬁcation Examby applying appropriate ... documented project management in- structionJoining PMIToday the cost of joining PMI and becoming a PMP are very close to thesame as becoming a PMP without joining PMI. The beneﬁts of joining PMIare ... domains.Domain Percent of Test Number of QuestionsInitiating 8.5% 17Planning 23.5% 47Executing 23.5% 47Controlling 23% 46Closing 7% 14 Professional responsibility 14.5% 29• Closing• Professional...

Tài liệu Project Management Professional-Chapter 11a (Question) ppt

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... scope of the project. c. Showing the resource conﬂicts that exist in the project. d. The logical relationship between tasks in the project. 21. During the life of a project, the project will ... change management plan should be included in which of the fol-lowing?a. Scope management planb. Communications management planc. Conﬁguration management pland. Quality management plan32. A project ... following?a. Considerationb. Summary activityc. Constraintd. Suggestion28. A project manager is managing a project. The original scope baseline ofthe project was budgeted at $100,000. Since...

Tài liệu Project Management Professional-Chapter 11b (Answer key) doc

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... current budget of the project contains all of the authorized funding for the project including additions to the project since the setting of the original base-lines. This includes any and all ... project baseline for scope includes the original scope of the project plus or minus any scope changes that have taken place since the baseline forscope was established.17. Answer: cA project charter ... related projects in acoordinated way.20. Answer: bA work breakdown structure is a deliverable-oriented grouping of project ele- 9618$$ CH20 09-06-02 15:00:59 PS324 Preparing for the Project Management...