Float. Forecasts and Issues. PMBOK, or the Project Management Body of Knowledge, is a collection of standards, best practices, and procedures for planning and executing on projects successfully. It distinguishes time periods in days or parts of days that are available to complete scheduled activities from time periods that are not available for work. Stakeholders ’ stakes elements Interest Rights (legal or moral rights). PMP Exam Prep for PMP trainers based on PMBOK 6th guide , project management professi. Jungle Book 2016 Pmp Exam Project Management Beams Study Education Studying Educational Illustrations Learning. It employs a schedule model and various analytical techniques, such as critical path method, critical chain method, what-if analysis, and resource levelling to calculate the early and late start and finish dates for the uncompleted portions of project activities. Legal Contractual Relationships www.ReadytoTrainMaterials.com 121 Project Procurement Management– Tools & Techniques: Contract Types : Project Procurement Management– Tools & Techniques: Contract Types Fixed Price Contract-lump sum: setting a total fixed price for a defined product or services Firm Fixed Price Contracts (FFP ): Under this type of contract the buyer must precisely specify the product or services to be procured, and any changes to the procurement specification can increase the costs to the buyer. © 2014 authorSTREAM. B. Training Slides Our PMP Exam Master Prep training slides are aligned to the PMBOK ® Guide 6th Edition. What is the PV, EV & AC PV on 2nd Week = Total value of planned work to be completed on second week in monetary terms (500 X 2 = 1000) EV on 2nd week = Estimated value of work completed (500 X 3 = 1500) AC on 2nd Week = Actual cost spend of work already completed (1700) Tools and Techniques Earned Value Management (EVM) www.ReadytoTrainMaterials.com 83 Tools and Techniques Earned Value Management (EVM): SV (Schedule Variance) = EV-PV (Difference between estimated value of work completed and estimated value of work planned) CV (Cost Variance) = EV-AC (Difference between estimated value of work completed and actual cost of work completed) SPI (Schedule Performance Index) = EV/PV CPI (Cost Performance Index) = EV/AC Tips EV comes first in all equations. No public clipboards found for this slide. A Project is a temporary endeavor undertaken to create a unique, product, service, or result . The Guide is a document resulting from work overseen by the Project Management Institute (PMI), which offers the CAPM and PMP certifications. Enter one or more tags separated You are taking over a project and determine the following: Task B has an early finish of day 3, a late finish of day 6, and an early start of day 2. PMBOK® Guide 6th Ed Processes Explained with Ricardo Vargas. Fixed Price Contract-lump sum . In your project, there have been several changes in the cost and schedule estimates and the original estimating assumptions are no longer valid. Licensed Training Materials from PM Learning Solutions Designed by instructors for instructors Intuitive design, layout, and flow make the courses easy to teach and easy to learn. EAC = BAC/CPI (Only cost efficiency is considered now) Here team considers that remaining work will be completed at the same efficiency rate considering cost and schedule performance EAC = AC + (ETC/CPI x SPI) & ETC = BAC-EV. Register online on . www.ReadytoTrainMaterials.com 119 Legal Contractual Relationships: Legal Contractual Relationships Purchase Order. A portfolio refers to projects, programs, subportfolios , and operations managed as a group to achieve strategic objectives , The projects or programs of the portfolio may not necessarily be interdependent or directly related. Today is the end of day three. Performance. : Fulfillment of project objectives may produce one or more of the following deliverables: A unique product that can be either a component of another item, an enhancement or correction to an item, or a new end item in itself (e.g., the correction of a defect in an end item); A unique service or a capability to perform a service (e.g., a business function that supports or distribution); www.ReadytoTrainMaterials.com 7 What is a Project? human behavior. www.ReadytoTrainMaterials.com 14 Example: Operations in a Petrochemical Industry : Example: Operations in a Petrochemical Industry One of the major petrochemical companies has set up a new refinery to meet its increasing market demand. FP: Contract = $1M . Resources. What is the standard deviation of the task? It increases the project risk. Using the following project status chart, calculate PV,EV,AC,BAC,CV,CPI,SV,SPI,EAC,BTC,VAC. www.ReadytoTrainMaterials.com 49 Perform Integrated Change Control: Perform Integrated Change Control Process of reviewing all change requests; approving changes and managing changes to deliverables, organizational process assets, and the project management plan; and communicating their disposition. Prepare for the PMP exam in a smarter way, using ... simplified slides by knowledge area, ... diagrams, charts, tables, and mind maps, ... examples & problems clarifying tools & techniques, and www.ReadytoTrainMaterials.com 132 Identify Stakeholders: Tools and Techniques: Identify Stakeholders: Tools and Techniques Stakeholder Analysis: is a technique of systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project. It makes it easier to manage. If you continue browsing the site, you agree to the use of cookies on this website. March, 2018. Estimate to Complete (ETC)=EAC-AC From this point on, how much MORE do we expect it to cost to finish the project (a forecast) Variance at Completion (VAC)=BAC-EAC As of today how much over or under budget do we expect to be at the end of the project? Pmbok ® Guide – Sixth Edition And Agile Practice Guide Were PPT. Part 3. Project may or may not be part of a program but a program will always have projects Project within a program are related through the common outcome or collective capability. The PMBOK ® Guide – Sixth Edition and Agile Practice Guide were created to complement each other. Knowledge . www.ReadytoTrainMaterials.com 73 Exercise: Exercise Q2. Together these two publications are a powerful tool that enable Presentation Summary : PMBOK ® Guide – Sixth Edition and Agile Practice Guide were created to complement each other. un Resource breakdown structure Assignment Matrix Text-oriented formats www.ReadytoTrainMaterials.com 106 Plan Resource Management: Tools and Techniques: Plan Resource Management: Tools and Techniques Organizational Theory Organizational theory provides information regarding the way in which people, teams, and organizational units behave. Amazon.com: PMP Exam Prep 6th ed. Dynamic Purchase Order: Contract to purchase 30 linear meters of wood at $ 40 per meter. Full PMP preparation slides 6th edition. Giving presentations is part of the job for a project professional whether it's leading a kickoff meeting or giving a status update. Organizational breakdown structure (OBS). I prepared this for the first time in 1998 when I was studying for the PMP Exam from PMI, including how to read the ITTO for the 49 processes correctly. www.ReadytoTrainMaterials.com 54 Manage Project Knowledge: Manage Project Knowledge Manage Project Knowledge is the process of using existing knowledge and creating new knowledge to achieve the project’s objectives and contribute to organizational learning The lessons learned register can include the category and description of the situation. Control Costs- Tools and Techniques www.ReadytoTrainMaterials.com 92 Control Costs- Tools and Techniques: To Complete Performance Index (TCPI) If it is obvious that earlier estimated budget at completion can not be achieved, Project manager develops a forecasted estimate at completion (EAC). A project has three critical paths. PowerPoint Templates. What is the CPI? Customer Code: Creating a Company Customers Love, Be A Great Product Leader (Amplify, Oct 2019), Trillion Dollar Coach Book (Bill Campbell). The CPI is 1.1 and the SPI is 0.8. Schlotzsky's, 2709 W Walnut St, Rogers, AR 72756. The designation is recognized across the world and at the same time offered by the Project Management Institute. Welcome! If CPI falls below TCPI baseline, remaining works will not be completed with available funds. PREPARATION Numeric tags are not allowed. Cost Management. $100k/$200k=.5 Schedule Performance Index (SPI)=EV/PV We are(only) progressing at>>> percent of the rate originally planed $100k/$300k=.33 Revised total duration Baseline duration/schedule performance index 4/.33=12 months www.ReadytoTrainMaterials.com 88 Earned Value Technique : Earned Value Technique Terms and Formulas Definition Budget at Completion (BAC) How much did we budget for the total project effort? Describe your interpretation based on the calculation: Task Progress Cost spent Side 1 100% 1,200 Side 2 100% 1,000 Side 3 75% 750 Side 4 50% 500 Side 5 0% 0 Side 6 0% 0 Project is below/over budget? www.ReadytoTrainMaterials.com 71 Sample of Questions: Sample of Questions www.ReadytoTrainMaterials.com 72 Exercise: Exercise Q1. Do you have no clue or minimal knowledge about PMP exam prep? Manage project elements, including, but not limited to, schedule, cost, resources, and risks www.ReadytoTrainMaterials.com 38 1 Strategic and Business Management Skills: Strategic and Business Management Skills Explain to others the essential business aspects of a project Work with the project sponsor, team, and subject matter experts to develop an appropriate project delivery strategy Implement that strategy in a way that maximizes the business value of the project. 42 Questions!! characteristics or traits Authentic Courteous Creative Cultural Emotional Intellectual Managerial Political Service-oriented Social Systemic www.ReadytoTrainMaterials.com 43 Integration and Complexity: Integration and Complexity Three dimensions of complexity: System behavior. 08. th. www.ReadytoTrainMaterials.com 35 The Industry Trends: The Industry Trends Product and technology development; New and changing market niches ; Standards (e.g., project management, quality management, information security management ); Technical support tools; Economic forces that impact the immediate project; Influences affecting the project management discipline; Process improvement and sustainability strategies www.ReadytoTrainMaterials.com 36 Project Manager Competences: Project Manager Competences www.ReadytoTrainMaterials.com 37 Technical Project Management Skills: Technical Project Management Skills Focus on the critical technical project management elements for each project they manage.
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