PMP 5th Edition QRG
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Define PROJECT RISK MANAGEMENT?
Project Risk Management includes the processes of conducting risk management planning, identification, analysis, response planning, and controlling risk on a project. The objectives of project risk management are to increase the likelihood and impact of positive events, and decrease the likelihood and impact of negative events in the project.
How many processes are in PROJECT RISK MANAGEMENT?
11.1 Plan Risk Management
11.2 Identify Risks
11.3 Perform Qualitative Risk Analysis
11.4 Perform Quantitative Risk Analysis
11.5 Plan Risk Responses
11.6 Control Risks
Define what is Plan Risk Management?
The process of defining how to conduct risk management activities for a project.
Define what is Identify Risks
The process of determining which risks may affect the project and documenting their characteristics.
Define what is Perform Qualitative Risk Analysis
The process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact.
Define what is Perform Quantitative Risk Analysis
The process of numerically analyzing the effect of identified risks on overall project objectives.
Define what is Plan Risk Responses
The process of developing options and actions to enhance opportunities and to reduce threats to project objectives.
Define what is Control Risks
The process of implementing risk response plans, tracking identified risks, monitoring residual risks, identifying new risks, and evaluating risk process effectiveness throughout the project.
Define PROJECT PROCUREMENT MANAGEMENT?
Project Procurement Management includes the processes necessary to purchase or acquire products, services, or results needed from outside the project team. The organization can be either the buyer or seller of the products, services, or results of a project.
How many processes are in PROJECT PROCUREMENT MANAGEMENT?
12.1 Plan Procurement Management
12.2 Conduct Procurements
12.3 Control Procurements
12.4 Close Procurements
Define what is Plan Procurement Management
The process of documenting project procurement decisions, specifying the approach, and identifying potential sellers.
Define what is Conduct Procurements
The process of obtaining seller responses, selecting a seller, and awarding a contract.
Define what is Control Procurements
The process of managing procurement relationships, monitoring contract performance, and making changes and corrections as appropriate.
Define what is Close Procurements
The process of completing each project procurement.
Define PROJECT HUMAN RESOURCE MANAGEMENT?
Project Human Resource Management includes the processes that organize, manage, influence and lead the project team.
How many processes are in PROJECT HUMAN RESOURCE MANAGEMENT?
9.1 Plan Human Resource Management
9.2 Acquire Project Team
9.3 Develop Project Team
9.4 Manage Project Team
Define what is Plan Human Resource Management
The process of identifying and documenting project roles, responsibilities, required skills, reporting relationships, and creating a staffing management plan.
Define what is Acquire Project Team
The process of confirming human resource availability and obtaining the team necessary to complete project activities.
Define what is Develop Project Team
The process of improving competencies, team member interaction, and overall team environment to enhance project performance.
Define what is Manage Project Team
The process of tracking team member performance, providing feedback, resolving issues, and managing changes to optimize project performance.
Define PROJECT COMMUNICATIONS MANAGEMENT?
Project Communications Management includes the processes that are required to ensure timely and appropriate planning, collection, creation, distribution, storage, retrieval, management, control, monitoring, and the ultimate disposition of project information.
Project managers spend most of their time communicating with team members and other project stakeholders, whether they are internal (at all organizational levels) or external to the organization.
How many processes are in PROJECT COMMUNICATIONS MANAGEMENT?
10.1 Plan Communications Management
10.2 Manage Communications
10.3 Control Communications
Define what is Plan Communications Management
The process of developing an appropriate approach and plan for project communications based on stakeholder’s information needs and requirements, and available organizational assets.
Define what is Manage Communications
The process of creating, collecting, distributing, storing, retrieving and the ultimate disposition of project information in accordance with the communications management plan.
Define what is Control Communications
The process of monitoring and controlling communications throughout the entire project life cycle to ensure the information needs of the project stakeholders are met.
Define PROJECT STAKEHOLDER MANAGEMENT?
- Project Stakeholder Management includes the processes required to identify the people, groups, or organizations that could impact or be impacted by the project.
- Analyze expectations
- Develop appropriate management strategies for engaging stakeholders to meet project objectives
How many processes are in PROJECT STAKEHOLDER MANAGEMENT?
13.1 Identify Stakeholders
13.2 Plan Stakeholder Management
13.3 Manage Stakeholder Engagement
13.4 Control Stakeholder Engagement
Define what is Identify Stakeholders process
The process of identifying the people, groups, or organizations that could impact or be impacted by a decision, activity, or outcome of the project; and analyzing and documenting relevant information regarding their interests, involvement, interdependencies, influence, and potential impact on project success.
Define what is Plan Stakeholder Management
The process of developing appropriate management strategies to effectively engage stakeholders throughout the project life cycle, based on the analysis of their needs,interests, and potential impact on project success.
Define what is Manage Stakeholder Engagement
The process of communicating and working with stakeholders to meet their needs/expectations, address issues as they occur, and foster appropriate stakeholder engagement in project activities throughout the project life cycle.
Define what is Control Stakeholder Engagement
The process of monitoring overall project stakeholder relationships and adjusting strategies and plans for engaging stakeholders.
Define PROJECT INTEGRATION MANAGEMENT?
- Project Integration Management includes the processes and activities needed to identify:
- define, combine, unify, and
- coordinate the various processes and project management activities within the process groups.
How many processes are in PROJECT INTEGRATION MANAGEMENT?
4.1 Develop Project Charter
4.2 Develop Project Management Plan
4.3 Direct and Manage Project Work
4.4 Monitor and Control Project Work
4.5 Perform Integrated Change Control
4.6 Close Project or Phase
Define what is Develop Project Charter
The process of developing a document that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.
Define what is Develop Project Management Plan
The process of defining, preparing, and coordinating all subsidiary plans and integrating them into a comprehensive project management plan. The project’s integrated baselines and subsidiary plans may be included within the project management plan.
Define what is Direct and Manage Project Work
The process of leading and performing the work defined in the project management plan and implementing approved changes to achieve the project’s objectives.
Define what is Monitor and Control Project Work
The process of tracking, reviewing, and reporting project progress against the performance objectives defined in the project management plan.
Define what is Perform Integrated Change Control
The process of reviewing all change requests; approving changes and managing changes to deliverables, organizational process assets, project documents, and the project management plan; and communicating their disposition.
Define what is Close Project or Phase
The process of finalizing all activities across all of the Project Management Process Groups to formally complete the phase or project.
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