Académique Documents
Professionnel Documents
Culture Documents
PMP
Presentation
Saad Merie,
PMP
Planning Engineer
PMP Preparation Course Engosoft Saad Merie
Introduction
The Exam
PMBOK
Introduction
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PMP Preparation Course Engosoft Saad Merie
Introduction
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PMP Preparation Course Engosoft Saad Merie
Introduction
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PMP Preparation Course Engosoft Saad Merie
Introduction
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PMP Preparation Course Engosoft Saad Merie
Introduction
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Proficient Proficient
61
PMP Preparation Course Engosoft Saad Merie
Introduction
PMBOK
Organizations
& Framework Knowledge Areas
Organization
General Integration Scope Time Cost Quality
s
Human
Framework Communication Risk Procurement Stakeholder
Resources
PMP Preparation Course Engosoft Saad Merie
1.2
1. Introduction: General
temporary endeavor undertaken to create
Project
Running
Building an an
Watering assembly
Organizing
Extension
Plants on line
a large
Twice aa
Baking
Shelving a wedding
books cake
at the library
in conference
a toy
house factory
week
Operation
PMP Preparation Course Engosoft Saad Merie
1.2.
1. Introduction: General 1
Portfolio
Subportfoli
o Program
Programs Subprogram
Project
Phase 1 Phase 2
Projects
Projects
PMP Preparation Course Engosoft Saad Merie
1.4
1. Introduction: General
Progra Portfoli
Project
m o
Coordination
Manage
between
Programs and
Result of projects to
Projects
Companys obtain
together to
Strategic benefits not
achieve
Consideration available by
Companys
s managing
Strategic
projects
Objectives
individually
PMP Preparation Course Engosoft Saad Merie
1.4.
1. Introduction: General 3
Business Environment
Environment Technological
Technological
Need al Needs
al Needs advance
advance
PMP Preparation Course Engosoft Saad Merie
1.4.
1. Introduction: General 3
Supportiv Controllin
Directive
e g
Act like Consultant Force Projects to follow
PMO rules Act like project
manager
Templates, best
practices, Training Rules may be
management
framework and
Projects May not follow methodologies
PMO instructions
High Control
Moderate Control
Low Control
PMP Preparation Course Engosoft Saad Merie
When a project gets started,
AProvides
When
thiscentralized
you sit
group down
makes group
to do
sure ofyour
that 1.4.
1. Introduction: General
the process
project
risk team
documents managers
the planninghasfor your
followed
and whoallare
project,
templates of
3
you go to them
theassigned
initiating to find a and
processes
to manage good
for
example your
of project.
a risk
have theprojects.
right plan thats
approvals to
Project Management Office PMO been useful start
on other projects.
working.
Supportiv Controllin
Directive
e g
PMP Preparation Course Engosoft Saad Merie
1.3
1. Introduction: General
What is Project management? 5 Process Groups
47
Planning Processes
Initiatin Closin
g g
Monitorin
g and
Executing
Controllin
g
PMP Preparation Course Engosoft Saad Merie
2.1
2.1 Organizational Influences
Organizations are systematic
Organization arrangements of entities (persons and/or
?
departments) aimed at accomplishing a
purpose, which may involve undertaking
projects.
Culture and Communication
Structure
Style s
Functional Values Distance Efect
Matrix Reward System
Technology
Projectized Policies Usage
PMP Preparation Course Engosoft Saad Merie
2.1.3
2.1 Organizational Influences
Organizations Structure Types
Functional Organization
Each Employee has
one boss (The
Functional Manager)
Coordination on
Functional
Managers Level
PMP Preparation Course Engosoft Saad Merie
2.1.3
2.1 Organizational Influences
Organizations Structure Types
Weak Matrix
Project Manager Organization
is assigned as
coordinator
Project
Manager has
some
Authorities
Each Department do its
part in the project in
Coordination with Other
Departments
Coordination
on Lowest
Level
PMP Preparation Course Engosoft Saad Merie
2.1.3
2.1 Organizational Influences
Organizations Structure Types
Balanced Matrix
Project Organization
Manager
work full
time
Project
Manager has
more
Authorities
Project Manager is
under Functional
Manager
Department
PMP Preparation Course Engosoft Saad Merie
2.1.3
2.1 Organizational Influences
Organizations Structure Types
Strong Matrix
Project Organization
Manager
work full
time
Project
Manager has
wide but not
full
Authorities
Project Manager
is under
Projects
Management
Department
PMP Preparation Course Engosoft Saad Merie
2.1.3
2.1 Organizational Influences
Organizations Structure Types
Projectized Organization
Project Team
work in
same place
Project
Manager has
full
Authorities
All Companys
Resources
located in the
projects
PMP Preparation Course Engosoft Saad Merie
2.1.3
2.1 Organizational Influences
Organizational Structure Efect
PMP Preparation Course Engosoft Saad Merie
2.1.4
2.1 Organizational Influences
Organizational Process Assets (OPA)
OPA
and Knowledge bases specific to and used
by the performing organization.
EEF
of the project team, that influence,
constrain, or direct the project.
PMP Preparation Course Engosoft Saad Merie
2.1.5
2.1 Organizational Influences
Enterprise Environmental Factors (EEF)
Time
As Approved
Scope
PMP Preparation Course Engosoft Saad Merie
2.4
2.4 Project Life Cycle
A project life cycle is the series of phases
Project
that a project passes through from its
Life
Cycle initiation to its closure.
Construction Maintenance
Design Phase
Phase Phase
PMP Preparation Course Engosoft Saad Merie
2.4
2.4 Project Life Cycle
Construction Maintenance
Design Phase
Phase Phase
THE PROJECT
PMP Preparation Course Engosoft Saad Merie
2.4
2.4 Project Life Cycle
Types
Predictiv
Iterative Adaptive
e
Repetitive iterations or
Plan Driven / Waterfall phases to develop the Change Driven / Agile
product
8. Project Quality 8.1 Plan Quality 8.2 Perform Quality 8.3 Control
Management Management Assurance Quality
12. Project
12.1 Plan Procurement 12.2 Conduct 12.3 Control 12.4 Close
Procurement
Management Procurements Procurements Procurements
Management
13. Project 13.3 Manage 13.4 Control
13.1 Identify 13.2 Plan Stakeholder
Stakeholder Stakeholder Stakeholder
Stakeholders Management
Management Engagement Engagement
PMP Preparation Course Engosoft Saad Merie
3.1
3. Project Management Processes
Project Information
Work Work Work
Performance Performance Performance
Data Information Reports
A. Directive
B. Value-driven
C. Supportive
D. Controlling
PMP Preparation Course Engosoft Saad Merie
Q
Exam Questions
Which of the following is NOT a characteristic of a project?
A. Temporary
B. Strategic
C. Specific result
D. Progressively elaborated
PMP Preparation Course Engosoft Saad Merie
Q
Exam Questions
Which of the following is NOT true about portfolio
management?
A. Functional
B. Weak Matrix
C. Strong Matrix
D. Projectized
PMP Preparation Course Engosoft Saad Merie
Q
Exam Questions
Youre a project manager working on a software engineering
project. The programmers have started building the software,
and the testers have started to create the test environment.
Which process group includes these activities?
A. Initiating
B. Planning
C. Executing
D. Closing
PMP Preparation Course Engosoft Saad Merie
Q
Exam Questions
Which of the following is NOT true about overlapping phases?
Tools &
Inputs Outputs
Techniques
.1 Project statement of
work
.1 Expert judgment
.2 Business case
.4 Enterprise
environmental factors .2 Facilitation techniques
.5 Organizational process
assets
PMP Preparation Course Engosoft Saad Merie
4.1
4. Project Integration
Management
4.1 Develop Project Charter
4.1.1 Develop Project Charter: Inputs
4.1.1.1 Project Statement of work
Consultants
Stakeholders
Technical Advisors
Industry Experts
Subject Matter Experts (SME)
Project Management Office (PMO)
PMP Preparation Course Engosoft Saad Merie
4.1
4. Project Integration
Management
4.1 Develop Project Charter
4.1.2 Develop Project Charter: Tools and Techniques
4.1.2.2 Facilitation Techniques
Brainstorming
Conflict Resolution
Problem Solving
Meeting Management
PMP Preparation Course Engosoft Saad Merie
4.1
4. Project Integration
Management
4.1 Develop Project Charter
4.1.3 Develop Project Charter: Outputs
4.1.3.1 Project Charter
Project Assumptions
Project Project
Manager and
Purpose Objectives
Authority Constraints
Project
Summary Stakeholder Who Approve
Success
Budget List the Charter
Criteria
PMP Preparation Course Engosoft Saad Merie
4.2
4. Project Integration
Management
the process of defining, preparing, and
4.2 Project
Management coordinating all subsidiary plans and
Plan
integrating them into a comprehensive
project management plan. The key benefit
of this process is a central document that
defines the basis of all project work
PMP Preparation Course Engosoft Saad Merie
4.2
4. Project Integration
Management
Define how to Execute, Monitor and Close
4.2 Project Project.
Management
Plan It is Progressively Elaborated and prepared
over the project life cycle until project close.
It is controlled and approved through Perform
Integrated Change Control Process.
When it is baselined, it can be changed Only
with Change Request.
PMP Preparation Course Engosoft Saad Merie
4.2
4. Project Integration
Management
4.2 Develop Project Management Plan
Tools &
Inputs Outputs
Techniques
.1 Project charter
.1 Expert judgment
.2 Outputs from other
processes
.1 Project
.3 Enterprise management plan
environmental
factors .2 Facilitation
.4 Organizational techniques
process assets
PMP Preparation Course Engosoft Saad Merie
4.2
4. Project Integration
Management
4.2 Develop Project Management Plan
4.2.3 Develop Project Management: Outputs
4.2.3.1 Project Management Plan
Tools &
Inputs Outputs
Techniques
.1 Project management .1 Deliverables
plan .1 Expert judgment
CR 4.5 Perform
Integrated
Change Control
Approved
4.3 Direct and
CR Manage Project
Work
Validated
4.4 Monitor and
CR Control Project
Work
PMP Preparation Course Engosoft Saad Merie
4.3
4. Project Integration
Management
4.3 Direct and Manage Project Work
4.3.2 Direct and Manage Project Work: Tools and Techniques
4.3.2.2 Project Management Information System (PMIS)
Corrective Preventive
Defect Repair Updates
Action Action
Insure that future Modify the
Realign Project Update plans and
performance is product or part of
Performance with documents to
aligned with it as per
Project match new idea
Project requirements and
Management Plan or content
Management Plan standards
PMP Preparation Course Engosoft Saad Merie
4.3
4. Project Integration
Management
4.3 Direct and Manage Project Work
Final Project Cost
Change
Costs areWall
Honeycomb at
over
4.3.3 Direct and Manage Project Work: Outputs may exceed
Colors
Columns
budget
4.3.3.3 Change Requests Budget
Tools &
Inputs Outputs
Techniques
.1 Project management plan
..1 Expert judgment .1 Change requests
.2 Schedule forecasts
.4 Validated changes
.3 Project management .3 Project management plan
.5 Work performance information information system updates
.6 Enterprise environmental
factors
.4 Meetings .4 Project documents updates
.7 Organizational process assets
PMP Preparation Course Engosoft Saad Merie
4.4
4. Project Integration
Management
4.4 Monitor and Control Project Work
4.4.1 Monitor and Control Project Work: Inputs
4.4.1.2 Schedule Forecasts
CR 4.5 Perform
Integrated
Change Control
Approved
4.3 Direct and
CR Manage Project
Work
Validated
4.4 Monitor and
CR Control Project
Work
PMP Preparation Course Engosoft Saad Merie
4.4
4. Project Integration
Management
4.4 Monitor and Control Project Work
4.4.1 Monitor and Control Project Work: Inputs
4.4.1.5 Work Performance Information
Performance
Data Performance Performance
From Information Reports
4.3
PMP Preparation Course Engosoft Saad Merie
4.4
4. Project Integration
Management
4.4 Monitor and Control Project Work
4.4.2 Monitor and Control Project Work: tools and Techniques
4.4.2.2 Analytical Techniques
Failure Mode
and Efect Fault Tree Reserve Trend
Analysis Analysis FTA Analysis Analysis
FMEA
Tools &
Inputs Outputs
Techniques
.1 Project management .1 Approved change
plan .1 Expert judgment requests
.2 Work performance
reports
.2 Change log
CR 4.5 Perform
Integrated
Change Control
Approved
4.3 Direct and
CR Manage Project
Work
Validated
4.4 Monitor and
CR Control Project
Work
Tools &
Inputs Outputs
Techniques
.1 Project .1 Expert .1 Final product,
management plan judgment service, or result
transition
.2 Accepted .2 Analytical
deliverables techniques
.2 Organizational
.3 Organizational process assets
.3 Meetings updates
process assets
PMP Preparation Course Engosoft Saad Merie
4.6
4. Project Integration
Management
4.6 Close Project or Phase
4.6.1 Close Project or Phase: Inputs
4.6.1.2 Accepted Deliverables
OPA to be update:
Project file in Companys Archive
Lessons learned
A. Get your team together and reprimand them for building a product
that doesnt meet user expectations.
B. Tell the client that the product passed all of your internal quality
inspections and scope verification processes, so it must be fine.
C. Tell the team to start building the missing features into the product
right away.
D. Call a meeting with the client to understand exactly what is
unacceptable in the product and try to figure out what went wrong
along the way.
PMP Preparation Course Engosoft Saad Merie
Q
Exam Questions
Which of the following BEST describes the main purpose of the
project charter?
Controlled
Scope Change (Gold Plating)
Uncontrolled
(Scope Creep)
PMP Preparation Course Engosoft Saad Merie
5
5. Project Scope Management
5.1 Plan Scope Management
Tools &
Inputs Outputs
Techniques
.1 Project
management plan .1 Scope
.1 Expert judgment
management plan
.2 Project charter
.3 Enterprise
environmental
factors .2 Requirements
.2 Meetings
.4 Organizational management plan
process assets
PMP Preparation Course Engosoft Saad Merie
5
5. Project Scope Management
5.1 Plan Scope Management
5.1.3 Plan Scope Management: Outputs
5.1.3.1 Scope Management Plan
Tools &
Inputs Outputs
Techniques
.1 Interviews
.1 Scope management plan
.2 Focus groups
.3 Facilitated workshops .1 Requirements documentation
.2 Requirements management plan .4 Group creativity techniques
.5 Group decision-making techniques
.3 Stakeholder management plan .6 Questionnaires and surveys
.7 Observations
Transition
Requirement Project Quality
s Requirement Requirement
s s
(Training)
PMP Preparation Course Engosoft Saad Merie
5
5. Project Scope Management
5.2 Collect Requirements
5.2.2 Collect Requirements: Tools and Techniques
5.2.2.2 Focus Groups
Brainstorming
Nominal Group Technique: same as brainstorming but with vote
Idea/Mind Mapping: put all the ideas in one map
Affinity Diagram: put similar ideas in groups
Multi criteria Decision Analysis: add several criteria to ideas
PMP Preparation Course Engosoft Saad Merie
5
5. Project Scope Management
5.2 Collect Requirements
5.2.2 Collect Requirements: Tools and Techniques
5.2.2.5 Group Decision Making Techniques
Unanimity (All)
Majority (More than 50%)
Plurality (Most of, Less than 50%)
Dictatorship
5.2.2.8 Prototypes
Tools &
Inputs Outputs
Techniques
.1 Scope
.1 Expert judgment
management plan .1 Project scope
statement
.2 Project charter .2 Product analysis
.3 Requirements .3 Alternatives
documentation generation
.2 Project
.4 Organizational .4 Facilitated documents updates
process assets workshops
PMP Preparation Course Engosoft Saad Merie
5
5. Project Scope Management
5.3 Define Scope
5.3.2 Define Scope: Tools and Techniques
5.3.2.2 Product Analysis
Tools &
Inputs Outputs
Techniques
.1 Scope management plan
.3 Requirements
documentation
.4 Enterprise
environmental factors .2 Project documents
.2 Expert judgment
updates
.5 Organizational process
assets
PMP Preparation Course Engosoft Saad Merie
5
5. Project Scope Management
5.4 Create WBS
5.4.2 Create WBS: Tools and Techniques
5.4.2.1 Decomposition
Scope Scope
WBS
Dictionary WBS Statemen
t Baseline
PMP Preparation Course Engosoft Saad Merie
5
5. Project Scope Management
5.4 Create WBS
5.4.3 Create WBS: Outputs
5.4.3.1 Scope Baseline
Tools &
Inputs Outputs
Techniques
.1 Project management
plan .1 Accepted deliverables
.2 Requirements .1 Inspection
documentation
.2 Change requests
.3 Requirements
traceability matrix
.3 Work performance
information
.4 Verified deliverables .2 Group decision-making
techniques
.4 Project documents
.5 Work performance data updates
PMP Preparation Course Engosoft Saad Merie
5
5. Project Scope Management
5.5 Validate Scope
5.5.3 Validate Scope: Outputs
5.5.3.1 Accepted Deliverables
Tools &
Inputs Outputs
Techniques
.1 Project management .1 Work performance
plan information
.2 Requirements
.2 Change requests
documentation
.4 Project documents
.4 Work performance data
updates
A. Waiting for a task to expire so that it can break down into smaller
tasks
B. Taking a deliverable and breaking it down into the smaller work
Packages so that it can be organized and planned
C. Categorizing work packages
D. Dividing work packages into deliverables that can be planned for
PMP Preparation Course Engosoft Saad Merie
Q
Exam Questions
Tom is the project manager of an accounting project. He has
just finished defining the scope for the project and is creating
the WBS. He goes to his organizational process asset library
and finds a WBS from a past project to use as a jumping-off
point. Which of the following describes the asset that Tom is
using?
A. Decomposition
B. Delphi technique
C. Brainstorming
D. Templates
PMP Preparation Course Engosoft Saad Merie
Q
Exam Questions
Which of the following is the correct order of the Monitoring
and Controlling processes for Scope Management?
A. Gold plating
B. Scope creep
C. Alternatives analysis
D. Schedule variance
PMP Preparation Course Engosoft Saad Merie
Q
Exam Questions
You are developing the project scope statement for a new
project. Which of the following is NOT part of creating a
project scope statement?
A. Validate Scope
B. Using the project charter
C. Alternatives identification
D. Obtaining plan approval
PMP Preparation Course Engosoft Saad Merie
Q
Exam Questions
The scope baseline consists of:
A. The Scope Management plan, the project scope statement, and the
WBS
B. The Scope Management plan, requirements documents, and the
WBS
C. The Scope Management plan, the WBS, and the WBS dictionary
D. The project scope statement, the WBS, and the WBS dictionary
PMP Preparation Course Engosoft Saad Merie
Q
Exam Questions
You are the project manager on a construction project. As
youre planning out the work your team will do, you divide up
all of the work into work packages and create a WBS that
shows how they fit into categories. For each one of the work
packages, you write down details such as initial estimates and
information about what account it should be billed against.
Where do you store all of that information?
Tools &
Inputs Outputs
Techniques
.1 Project
management plan .1 Expert judgment
.2 Project charter
.2 Analytical .1 Schedule
.3 Enterprise techniques management plan
environmental
factors
.4 Organizational .3 Meetings
process assets
PMP Preparation Course Engosoft Saad Merie
6
6. Project Time Management
6.1 Plan Schedule Management
6.1.3 Plan Schedule Management: Outputs
6.1.3.1 Schedule Management Plan
Tools &
Inputs Outputs
Techniques
.1 Schedule
management plan .1 Decomposition .1 Activity list
.2 Scope baseline
.2 Rolling wave
.2 Activity attributes
.3 Enterprise planning
environmental
factors
.4 Organizational .3 Expert judgment .3 Milestone list
process assets
PMP Preparation Course Engosoft Saad Merie
6
6. Project Time Management
6.2 Define Activities
6.2.2 Define Activities: Tools and Techniques
6.2.2.2 Rolling Wave Planning
Tools &
Inputs Outputs
Techniques
.1 Schedule management plan
.1 Precedence diagramming
method (PDM) .1 Project schedule network
.2 Activity list
diagrams
.3 Activity attributes
A B
PMP Preparation Course Engosoft Saad Merie
6
6. Project Time Management
6.3 Sequence Activities
6.3.2 Sequence Activities: Tools and Techniques
6.3.2.2 Dependency Determination
Hard Logic
Soft Logic
Contractually or legally
required
Documented
It is not Constraints
PMP Preparation Course Engosoft Saad Merie
6
6. Project Time Management
6.3 Sequence Activities
6.3.2 Sequence Activities: Tools and Techniques
6.3.2.3 Leads and Lags
PMP Preparation Course Engosoft Saad Merie
6
6. Project Time Management
6.3 Sequence Activities
6.3.3 Sequence Activities: Outputs
6.3.3.1 Project Schedule Network Diagrams
Tools &
Inputs Outputs
Techniques
.1 Schedule management plan
.1 Expert judgment
.1 Activity resource requirements
.2 Activity list
.4 Resource calendars
.3 Published estimating data .2 Resource breakdown structure
.5 Risk register
Manual vs Automatic
Buy vs Build vs Rent
PMP Preparation Course Engosoft Saad Merie
6
6. Project Time Management
6.4 Estimate Activity Resources
6.4.3 Estimate Activity Resources: Outputs
6.4.3.1 Activity Resource Requirements
Tools &
Inputs Outputs
Techniques
.1 Schedule management plan
.1 Expert judgment
.2 Activity list
.3 Activity attributes .2 Analogous estimating .1 Activity duration estimates
Depend on Pert Technique:
tO: Optimistic tP: Pessimistic tM: Most
Likely
PMP Preparation Course Engosoft Saad Merie
6
6. Project Time Management
6.5 Estimate Activity Durations
6.5.2 Estimate Activity Duration: Tools and Techniques
6.5.2.5 Group Decision-Making Techniques
Contingency Management
Reserves Reserves
Known-unknowns
Unknown-Unknowns
Accepted Identified Risks which have response
Strategies
Unseen work inside scope
Can be % or fixed number
Tools &
Inputs Outputs
Techniques
.1 Schedule management plan .1 Schedule network analysis .1 Schedule baseline
.2 Activity list
.3 Activity attributes .2 Critical path method
.2 Project schedule
.4 Project schedule network diagrams
.3 Critical chain method
.5 Activity resource requirements
.6 Resource calendars .3 Schedule data
.4 Resource optimization techniques
.7 Activity duration estimates
.8 Project scope statement .5 Modeling techniques .4 Project calendars
.9 Risk register
.6 Leads and lags
.10 Project staf assignments
.5 Project management plan updates
.11 Resource breakdown structure .7 Schedule compression
.12 Enterprise environmental factors
.8 Scheduling tool .6 Project documents updates
.13 Organizational process assets
PMP Preparation Course Engosoft Saad Merie
6
6. Project Time Management
6.6 Develop Schedule
6.6.2 Develop Schedule: Tools and Techniques
6.6.2.2 Critical Path Method (CPM)
Float
A
Time
PMP Preparation Course Engosoft Saad Merie
6
6. Project Time Management
6.6 Develop Schedule
6.6.2 Develop Schedule: Tools and Techniques
6.6.2.2 Critical Path Method (CPM)
Free
A
Float
Total
B Float
Time
PMP Preparation Course Engosoft Saad Merie
6
6. Project Time Management
6.6 Develop Schedule
6.6.2 Develop Schedule: Tools and Techniques
6.6.2.2 Critical Path Method (CPM)
Bufer
Path 1
CP
Path 2
Bufer
PMP Preparation Course Engosoft Saad Merie
6
6. Project Time Management
6.6 Develop Schedule
6.6.2 Develop Schedule: Tools and Techniques
6.6.2.3 Critical Chain Method
Resource
Resource Levelling
Smoothing
Adjust Actives Start and Finish to get Adjust Activities Start and Finish in Free
balanced resource requirements / Total Float
Resources Histogram
Alternative Schedules in Best case or Worst Case
Contingency Reserves
Cash-Flow (later)
Procurement Schedule
Submittals Schedule
Assumptions and Constraints
Attributes
PMP Preparation Course Engosoft Saad Merie
6
6. Project Time Management
6.7 Control Schedule
Tools &
Inputs Outputs
Techniques
.1 Project management plan .1 Performance reviews .1 Work performance information
Tools &
Inputs Outputs
Techniques
.1 Project
management plan .1 Expert judgment
.2 Project charter
.2 Analytical .1 Cost
.3 Enterprise techniques management plan
environmental
factors
.4 Organizational .3 Meetings
process assets
PMP Preparation Course Engosoft Saad Merie
7
7. Project Cost Management
7.1 Plan Cost Management
7.1.2 Plan Cost Management: Tools and Techniques
7.1.2.2 Analytical Techniques
payback period
return on investment
internal rate of return
discounted cash flow
net present value
PMP Preparation Course Engosoft Saad Merie
7
7. Project Cost Management
7.1 Plan Cost Management
7.1.3 Plan Cost Management: Outputs
7.1.3.1 Cost Management Plan
Tools &
Inputs Outputs
Techniques
.1 Cost management plan .1 Expert judgment
.5 Three-point estimating
.4 Project schedule .2 Basis of estimates
.6 Reserve analysis
.5 Risk register .7 Cost of quality
Depend on Pert Technique:
cO: Optimistic cP: Pessimistic cM: Most
Likely
PMP Preparation Course Engosoft Saad Merie
7
7. Project Cost Management
7.2 Estimate Costs
7.2.2 Estimate Costs: Tools and Techniques
7.2.2.6 Reserve Analysis
Contingency Management
Reserves Reserves
Known-unknowns Unknown-Unknowns
Cutting of this
costs may
increase Risks
PMP Preparation Course Engosoft Saad Merie
7
7. Project Cost Management
7.2 Estimate Costs
7.2.2 Estimate Costs: Tools and Techniques
7.2.2.9 Vendor Bid Analysis
Brainstorming
Nominal Group Techniques
Delphi Technique
PMP Preparation Course Engosoft Saad Merie
7
7. Project Cost Management
7.2 Estimate Costs
7.2.3 Estimate Costs: Outputs
7.2.3.1 Activity Cost Estimates
Tools &
Inputs Outputs
Techniques
.1 Cost management plan
.1 Cost aggregation
.2 Scope baseline .1 Cost baseline
Parametric Estimates
Analogous Estimates
Project Budget
Cost Baseline
Management
Reserves
Contingency
Work Package Cost Estimate
Reserves Activity Contingency
Activity Cost Estimate
Reserves
PMP Preparation Course Engosoft Saad Merie
7
7. Project Cost Management
7.3 Determine Budget
7.3.3 Determine budget: Outputs
7.3.3.2 Project Funding Requirements
PMP Preparation Course Engosoft Saad Merie
7
7. Project Cost Management
7.4 Check influences on Cost Baseline
Control Manage Changes when happened
Costs
Monitor expenses and compare it to funds
Control cost performance and variance
PMP Preparation Course Engosoft Saad Merie
7
7. Project Cost Management
7.4 Control Costs
Tools &
Inputs Outputs
Techniques
.1 Earned value management .1 Work performance information
.1 Project management plan
EV
SPI = SV = EV PV
PV
EV
CPI CV = EV AC
AC
=
PMP Preparation Course Engosoft Saad Merie
7
7. Project Cost Management
7.4 Control Costs
7.4.2 Control Costs: Tools and Techniques
7.4.2.1 Earned Value Management
SPI
Over Budget Under Budget
Ahead of Schedule Ahead of Schedule
0 1
CPI
Over Budget Under Budget
Behind Schedule Behind Schedule
0
PMP Preparation Course Engosoft Saad Merie
7
7. Project Cost Management
7.4 Control Costs
7.4.2 Control Costs: Tools and Techniques
7.4.2.1 Earned Value Management
+
SV
Over Budget Under Budget
Ahead of Schedule Ahead of Schedule
- 0 +
CV
Over Budget Under Budget
Behind Schedule Behind Schedule
-
PMP Preparation Course Engosoft Saad Merie
7
7. Project Cost Management
7.4 Control Costs
7.4.2 Control Costs: Tools and Techniques
7.4.2.1 Earned Value Management
After 5 Days:
We spent 600 SAR 40
We Finished 40% of the Field
%
What is SPI,CPI,CV,SV for this activity?
PMP Preparation Course Engosoft Saad Merie
7
7. Project Cost Management
7.4 Control Costs
7.4.2 Control Costs: Tools and Techniques
7.4.2.1 Earned Value Management
Over Budget
Behind Schedule
PMP Preparation Course Engosoft Saad Merie
7
7. Project Cost Management
7.4 Control Costs
7.4.2 Control Costs: Tools and Techniques
7.4.2.1 Earned Value Management
PMP Preparation Course Engosoft Saad Merie
7
7. Project Cost Management
7.4 Control Costs
7.4.2 Control Costs: Tools and Techniques
7.4.2.2 Forecasting
1st Scenario: Continue as Planned
Budget of Remaining Works =
BAC - EV EAC
0.67
=
CPI
0.67
=
CPI
0. 67
=
CPI
VAC = BAC - EAC
PMP Preparation Course Engosoft Saad Merie
7
7. Project Cost Management
7.4 Control Costs
7.4.2 Control Costs: Tools and Techniques
7.4.2.2 Forecasting
)
PMP Preparation Course Engosoft Saad Merie
7
7. Project Cost Management
7.4 Control Costs
7.4.2 Control Costs: Tools and Techniques
7.4.2.2 Forecasting
EAC = BAC
EAC
ETC = BAC AC BAC
TCPI
=
CPI
= 0.67
CPI
VAC = 0
PMP Preparation Course Engosoft Saad Merie
7
7. Project Cost Management
7.4 Control Costs
7.4.2 Control Costs: Tools and Techniques
7.4.2.3 To-Complete Performance Index (TCPI)
TCPI: The required CPI to finish the project on the original budget
It is the most index to tell us what is the performance of the project
PMP Preparation Course Engosoft Saad Merie
7
7. Project Cost Management
7.4 Control Costs
7.4.2 Control Costs: Tools and Techniques
7.4.2.3 To-Complete Performance Index (TCPI)
Variance Analysis
SV
CV
VAC
The Accepted Variance get decrease with project progress
Trend Analysis
Earned Value Management
PMP Preparation Course Engosoft Saad Merie
Q
Exam Questions
You are the project manager for a railroad construction
project. Your sponsor has asked you for a forecast for the cost
of project completion. The project has a total budget of
$80,000 and CPI of .95. The project has spent $25,000 of its
budget so far. How much more money do you plan to spend on
the project?
A. $59,210
B. $80,000
C. $84,210
D. $109,210
PMP Preparation Course Engosoft Saad Merie
Q
Exam Questions
You are managing a project with a total budget of $450,000.
According to the schedule, your team should have completed
45% of the work by now. But at the latest status meeting, the
team reported that only 40% of the work has actually been
completed. The team has spent $165,000 so far on the project.
How would you BEST describe this project?
A. The project is ahead of schedule and within its budget.
B. The project is behind schedule and within its budget.
C. The project is ahead of schedule and over its budget.
D. The project is behind schedule and over its budget.
PMP Preparation Course Engosoft Saad Merie
Q
Exam Questions
You are managing a construction project that is currently
being initiated. You met with the sponsors, and have started to
work on identifying stakeholders. Youve documented several
key stakeholders and identified their needs. Before you can
finish initiating the project, your company guidelines require
that you make a rough order of magnitude estimate of both
time and cost, so that the sponsor can allocate the final
budget.
Whats the range of a rough order of magnitude (ROM)
estimate?
A. 10% to +10%
B. 25% to +75%
C. 50% to +100%
D. 100% to +200%
PMP Preparation Course Engosoft Saad Merie
Q
Exam Questions
You are managing a construction project to install new door
frames in an office building. You planned on spending $12,500
on the project, but your costs are higher than expected, and
now youre afraid that your project is spending too much
money. What number tells you the difference between the
amount of money you planned on spending and what youve
actually spent so far on the project?
A. AC
B. SV
C. CV
PMP Preparation Course Engosoft Saad Merie
Q
Exam Questions
Youre managing a construction project to install several
hundred air conditioner panels in a new office building. You
have completed 350 panels out of a total of 900 planned
panels, but according to your schedule you should have
completed 400 of them. Your companys contract states that
youll be paid a fixed price of $75 per panel. Youve spent
$45,000 so far on the project. Which of the following BEST
describes your situation?
A. The CPI is .813, which means your project is currently over your
budget.
B. The CV is $4,350, which means your project is currently over your
budget.
C. The TCPI is 1.833, which is the minumum CPI you need to stay
within budget.