... doing the project. At this phase of
the project there is little known about the project.
Project Processes
In the Guide to the ProjectManagement Body of Knowledge, the basic project
management ... management, scope man-
agement, time management, cost management, quality management, human
resources management, communications management, risk management,
and contracts and procurement management, ... approach to finding a way to look
at the projectmanagement process uses the systems management approach
to project management. By this we mean that projectmanagement is a proc-
9618$$ INTR 09-06-02...
... a project is not able to produce everything that is needed to
complete the project. When this occurs the project manager becomes the
CHAPTER 9
Professional Responsibility
T
he ProjectManagement ... completed successfully in
spite of the project manager.
According to the Guide to the ProjectManagement Body of Knowledge,
communications management in projects is the process required to ensure ... the ProjectManagementProfessional Certification Exam
Figure 8-1. The importance of communications management
(survey of project managers).
Which of the following do you consider important
project...
...
đ
:
Project Management
Professional
Study Guide
Kim Heldman
Copyright â2002 SYBEX, Inc., Alameda, CA
www.sybex.com
6
Chapter 1
What Is a Project?
What Is Project Management?
... with the project.
Matrix organizations allow project managers to focus on the project and
project work just like in a projectized organization. The project team is free
to focus on the project ... CA
www.sybex.com
46
Chapter 2
Initiating the Project
FIGURE 2.3
Project Time Management
Project Cost Management
As its name implies, the
Project Cost Management
knowledge area (see Fig-
ure...
... of stakeholders involved on
a typical project.
FIGURE 1.1
Project stakeholders
Project
Project Manager
Project
Sponsor
Stakeholders
Project Manager
Project Sponsor
Customer
Board of Directors
Executive ... with the project.
Matrix organizations allow project managers to focus on the project and
project work just like in a projectized organization. The project team is free
to focus on the project ... CA
www.sybex.com
50
Chapter 2
Initiating the Project
FIGURE 2.8
Project Risk Management
Project Procurement Management
The
Project Procurement Management
knowledge area (see Figure...
... 326 Preparing for the ProjectManagementProfessional Certification Exam
The first work of the project is done on May 1, and the last work of the project
is finished on May 20.
7. Answer: ... the operating budget of the project. The total
project budget contains the operating project budget or baseline, contingency
reserve, and the management reserve. The project budget baseline is ... influ-
ence the duration of most activities and the project itself.
9618$$ CH21 09-06-02 15:01:00 PS
330 Preparing for the ProjectManagementProfessional Certification Exam
Resource capabilities....
... estimate.
4. A project manager and the project team identify several specific risks in
a project. The expected value of these risks is estimated at $10,000. The
255
258 Preparing for the ProjectManagement ... Preparing for the ProjectManagementProfessional Certification Exam
impact on the project brought about by these risks is estimated at
$40,000. What value should be entered into the management reserve
for ... the project
b. Time phased budget for the project
c. Total budget for the project including the contingency budget
d. Total budget for the project including the contingency budget and
the management...
... speak
to the stakeholders, but the project impacts and plan for the correction should
come first.
6. Answer: c
It is usually in the best interest of the project if the project team decides matters
of ... PROFESSIONAL RESPONSIBILITY
1. Answer: c
There should be a change procedure in the project to handle changes that might
be initiated by customers. ... the customs and culture in the
foreign country be respected. By consulting with your company’s management,
the gift can usually be accepted and disposed of in the proper way.
4. Answer: c
Unless...
... two possible outcomes.
This particular distribution is of value in projectmanagement because
there are many situations in risk management where there are two possible
outcomes, success and failure.
In ... PROBABILITY
DISTRIBUTIONS
I
n the discussion so far, I have tried to sound less like a statistician and
more like a projectmanagement practitioner. The material I have covered
here is mainly practical. But there are ... discuss
if we are going to use any of the many statistical packages that are available
for project management. Many of these software packages require making
decisions on the type of distributions...