Professional Documents
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PMP@
XAM
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MUMBAI CHAPTER
Initiating
4.1 Develop
Project Charter
Integration
..
Planning
Executing
Monitoring &
Controlling
Closing
Scope
Time
Cost
Quality
Human
Resources
Communications
Risk
Procurement
Stakeholder
Management
10.2 Manage
Communication
13 .1 Identify
Stakeholders
10.3 Control
Communications
11.6 Control Risks
12.2 Conduct
Procurements
12.3 Administer
Procurements
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12.4 Close
Procurements
SCOPE
In Project Context, Scope Refer to :
Product Scope :
Features and Functions that characterise a
product.
Projed Scope :
Requirements
Standard Deviation:
(P - 0)/6 or Square Root of Variance
PERT Variance: [(P - 0)/6)]2
Documentation
Sigma Values
ESTIMATION
Range of Estimates :
-25% + 75%
- 05% +10%
COST
Estimate Types
Expert Judgment: Internal or external expert opinion.
Analogous: Using actual results from a previous similar project.
Parametric: Statistical estimating technique that utilizes historical data
TIME
Precedence Diagramming Method (PDM): Nodes (boxes or circles)
EARNED VALUE
TCPI =
BAC EV
(BAC-AC) or (EACAC)
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QUALITY
HUMAN RESOURCES
Types of Organizations
Functional: Grouped by functions. Advantage: Management of
lshikawa's 4M's & 4P's : Machine - Material - Measurement Methods; People - Procedures -Policies-Plant.
Technical Opinions.
of occurrence.
Self Actualization
Esteem
Social
Safety & Security
Physiological
inspection.
and Controlling.
conform.
&I -
PROCUREMENT
Contract Types
Adjourning
Fixed Price or Lump Sum: Payment to the seller of a fixed total price
for the work of a well defined product; seller is at risk. If the product is
not well defined buyer and seller are at risk.
COMMUNICATIONS
Communications Formula: N(N- l) /2
Fixed Price Incentive Fees (FPIF): Fixed price contracts may include
incentive fees.
RISK
Risk Register : Contains outcomes of other risk management
processes and can include list of identified risks, potential responses etc.
Quantitative Analysis
Expected Monetary Value (EMV) :
EMV is The average outcome of the decision = Value of each outcome X
probability of occurence
EMV can be used for Decision Tree Analysis.
allowable costs and seller earns its profit if it meets defined performance
criteria.
Strong Demand
False
Make
65%
SOM
$200
EMV$41.5M
-$120
Weak Demand
Make or Buy
Price and Cost Reimbursable; payment for all cost and material
expended on the work, opened ended; usually a risk to the buyer.
PROFESSIONAL RESPONSIBILITY
Strong Demand 65% '70M
$120
EMV $49.0M
Weak Demand
,.
parameter of a time
Scenario Analysis : Study of risk impact for a given scenario (multiple
MUMBAI CHAPTER
Unit No. 642, Mainframe,
Royal Palm India, Nr. Aarey milk Colony,
Goregaon(E), Mumbai - 400065, India
Email: info@pmimumbaichapter.org
Website: www.pmimumbaichapter.org
Copyright 2013 PMI Mumbai Chapter. All rights reserved
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