Created from Youtube video: https://www.youtube.com/watch?v=ZKOL-rZ79gsvideoConcepts covered:Project Life Cycle, Process Groups, Work Breakdown Structure, PMP Exam Preparation, Project Charter
This video provides a comprehensive overview of PMI's project management framework, condensing a 10-hour course into a 1-hour session. It covers essential concepts such as the Project Life Cycle, process groups, work breakdown structure, and the importance of understanding fundamentals for PMP exam preparation.
Table of Contents1.Optimizing Project Schedules with Gantt Charts and Resource Management2.Integrating Risk and Reserves into Project Budgets3.Effective Project Management: From Planning to Closure
chapter
1
Optimizing Project Schedules with Gantt Charts and Resource Management
Concepts covered:Gantt chart, fast tracking, project crashing, MS Project, time management
The chapter discusses the importance of sequencing tasks in project management and introduces tools like Gantt charts for visualizing project timelines. It also explains concepts such as fast tracking and project crashing to optimize project schedules.
Question 1
MS Project is essential for all project management tasks.
Question 2
What does fast tracking a project involve?
Question 3
What should you do if you can't estimate a work package duration?
Question 4
CASE STUDY: You are managing a construction project and need to estimate the duration of various tasks. One task's duration is uncertain.
All of the following are correct actions except...
Question 5
CASE STUDY: You are planning a marketing campaign and need to create a timeline for various activities.
Select three correct tools for creating timelines...
chapter
2
Integrating Risk and Reserves into Project Budgets
Concepts covered:risk register, contingency estimates, management reserves, cost baseline, work packages
The chapter outlines the steps for PMP candidates to include risk registers, risk contingencies, and management reserves in their project budgets. It emphasizes the importance of rolling up cost estimates from activities to work packages, adding contingency estimates, and finally incorporating management reserves to form the cost budget.
Question 6
Risk contingencies are included in the project cost baseline.
Question 7
What is the focus during the execution phase?
Question 8
What must be included in the project budget?
Question 9
CASE STUDY: You are reviewing the cost management plan for an ongoing project. The plan includes cost estimates, contingency reserves, and management reserves.
Which of the following is NOT part of the cost baseline?
Question 10
CASE STUDY: You are in the execution phase of a project. The project plan includes a detailed WBS and cost assumptions for each work package.
Which three actions are part of cost management?
chapter
3
Effective Project Management: From Planning to Closure
Concepts covered:planning, execution, scope creep, earned value, project closure
This chapter discusses the importance of effective planning and execution in project management, emphasizing the need to manage stakeholder expectations and prevent scope creep. It also covers the monitoring and controlling process, earned value calculations, and the steps required to close a project successfully.
Question 11
Effective conflict resolution is essential for project success.
Question 12
What is essential for smooth project execution?
Question 13
How should a project manager handle scope creep?
Question 14
CASE STUDY: You are closing a construction project. The final product is complete, but the project is not yet closed.
All of the following are necessary steps except...
Question 15
CASE STUDY: You are managing a project and need to ensure that scope creep does not occur.
Select three correct actions to prevent scope creep.
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