PMP Preparation Training,Introduction,Purpose of Training,Prepare you for the PMP Certification Examination Provide you with the knowledge needed to successfully complete the exam Provide practical hints for answering questions correctly,The Project Management Framework,Chapter 1,PMP Preparation Training,Objectives,To be able to describe: Characteristics of projects Project management Project management process Project management knowledge areas,What is a Project,A temporary endeavor undertaken to create a unique product or service,Temporary Has a definite beginning and end, not an on-going effort.Ceases when objectives have been attained. Team disbanded upon completion.,Unique The product or service is different insome way from other products or services.Product characteristics are progressivelyelaborated.,What is Project Management,The application of knowledge, skills, tools, and techniques to project activities in order to meet or exceed stakeholder needs and expectations,Stakeholders Individuals and organizationsinvolved in or affected by the project activities,Project Management Processes,InitiatingProcesses,Planning Processes,Controlling Processes,Executing Processes,Closing Processes,pmbok guide, 1996,Project Management Knowledge Areas,Scope Management,Time Management,Cost Management,Quality Management,Project Integration Management,Project Management Knowledge Areas,Human Resource Management,Communications Management,Risk Management,Procurement Management,Integration Management,Project Plan Development Project Plan Execution Integrated Change Control,Processes required to properly coordinate the various elements of the project,Scope Management,InitiationScope PlanningScope DefinitionScope VerificationScope Change Control,Processes used to identify all the work required to successfully complete the project,Time Management,Activity Definition Activity Sequencing Activity Duration Estimating Schedule Development Schedule Control,Processes required to ensure the project is completed on time,Project Cost Management,Resource Planning Cost Estimating Cost Budgeting Cost Control,Processes required to ensure the project is completed within the approved budget,Quality Management,Quality PlanningQuality AssuranceQuality Control,Processes necessary to ensure that the project will satisfy customer requirements,Human Resource Management,Organizational Planning Staff Acquisition Team Development,Processes required to make effective useof the people involved with the project,Communications Management,Communications Planning Information Distribution Performance Reporting Administrative Closure,Processes required to ensure timely and appropriate development, collection dissemination, storage, and ultimate disposition of project information,Risk Management,Risk Management Planning Risk Identification Qualitative Risk Analysis Quantification Risk Analysis Risk Response Planning Risk Monitoring & Control,Processes required to effectively identify, analyze, and respond to project risks,Procurement Management,Procurement Planning Solicitation Planning Solicitation Source Selection Contract Administration Contract Close-out,Processes required to acquire goods and services from outside the organization,Related Management Disciplines,General management Planning, organizing, staffing, executing, and controlling the operations of an ongoing enterprise Application areas Common elements that are significant in some projects but not present in other projects Technical Management Industry groups,Related Endeavors,Program Consists of a group of projects supporting broad, general goals and managed in a coordinated way Subprojects Components of a project that are often contracted out,Summary,Review Questions,