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    Memory Aids For PMP Exam

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    Mustafa
    This document provides memory aids for various processes, tools, and techniques related to the Project Management Professional (PMP) exam. It lists common inputs, outputs, and tools/techniques for processes in areas like project integration management, time management, risk management, quality management, and human resource planning. Mnemonics and acronyms are also provided to help remember concepts like the seven basic tools of quality and strategies for dealing with positive and negative risks.

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    Memory Aids For PMP Exam

    Uploaded by

    Mustafa
    8K views7 pages
    This document provides memory aids for various processes, tools, and techniques related to the Project Management Professional (PMP) exam. It lists common inputs, outputs, and tools/techniques for processes in areas like project integration management, time management, risk management, quality management, and human resource planning. Mnemonics and acronyms are also provided to help remember concepts like the seven basic tools of quality and strategies for dealing with positive and negative risks.

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    Memory Aids for PMP Exam[1]

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    This document provides memory aids for various processes, tools, and techniques related to the Project Management Professional (PMP) exam. It lists common inputs, outputs, and tools/techniques for processes in areas like project integration management, time management, risk management, quality management, and human resource planning. Mnemonics and acronyms are also provided to help remember concepts like the seven basic tools of quality and strategies for dealing with positive and negative risks.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC or read online from Scribd
    Download as doc
    8K views7 pages

    Memory Aids For PMP Exam

    Uploaded by

    Mustafa
    This document provides memory aids for various processes, tools, and techniques related to the Project Management Professional (PMP) exam. It lists common inputs, outputs, and tools/techniques for processes in areas like project integration management, time management, risk management, quality management, and human resource planning. Mnemonics and acronyms are also provided to help remember concepts like the seven basic tools of quality and strategies for dealing with positive and negative risks.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC or read online from Scribd
    Download as doc
    of 7
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    The document discusses various tools and techniques used in different processes of project management like integration management, risk management, quality management etc.

    Common tools and techniques used in project integration management processes are project management methodology, expert judgment, PMIS.

    Tools and techniques used in risk identification are BIRDS and CSI. Tools and techniques used in quantitative risk analysis are PIE and MEDS.

    Memory Aids for PMP Exam

    1. The following are common tools and techniques for all the processes in the
    Project Integration Management knowledge area:

    • Project Management Methodology


    • Expert Judgment (except Direct and Manage Project Execution)
    • PMIS

    2. After the Project management plan is developed, it is an input for all successive
    processes in the Project Integration Management knowledge area.

    3. Activity Attributes Updates is a common output for all the processes in the Project
    Time Management knowledge area except the first process where activity
    attributes are created.

    4. Requested Changes is a common output for all the processes in the Project Time
    Management knowledge area except the Activity Duration Estimating Process.

    5. Tools and techniques used in Risk Identification:

    a. BIRDS (Information Gathering techniques)


    b. CSI (Diagramming techniques)

    B I R D S:

    Brainstorming
    Interviewing
    Root cause identification
    Delphi technique
    SWOT Analysis

    C S I:
    Cause and Effect Analysis
    System or Process Flow charts
    Influence Diagrams
    6. Tools and techniques used in Quantitative Risk Analysis:

    a. PIE (Data gathering and representation techniques)


    b. MEDS (Quantitative risk analysis and modeling)

    P I E:
    Probability Distributions
    Interviewing
    Expert Judgement

    MEDS:
    Modeling and Simulation (Eg Monte Carlo Analysis)
    EMV Analysis
    Decision tree analysis
    Sensitivity Analysis (Eg. Tornardo Diagram)

    7. Tools and techniques used in Risk Response Planning:

    a. Strategies for Negative Risks / Threats:

    ATM:
    Avoid
    Transfer
    Mitigate

    b. Strategies for Positive Risks / Threats:

    SEE
    Share
    Enhance
    Exploit

    8. Tools and techniques used in Scope Definition:

    APES
    Alternatives Identification
    Product Analysis
    Expert Judgement
    Stakeholder Analysis
    9. There is only one Tool & Technique for Risk Management Planning: Planning
    meetings and analysis.

    10. When the seller selection is based on PRICE, its often called a tender / Bid /
    Quotation. When the seller selection is based on technical skills / approach, its
    called a proposal.

    11. Recommended Preventive action is used to bring the project into compliance with
    the project plan. Recommended corrective action is anything that needs to be
    done to bring the seller in compliance with the terms of the contract.

    12. Prevention is keeping errors out of the process. Inspection is keeping errors out of
    the hands of the customer.

    13. Attribute sampling is whether the result conforms or not. In Variables sampling,
    the result is rated on a continuous scale that measures the degree of conformity.

    14. Common causes (a.k.a random causes) are normal process variations. Special
    causes are unusual events.

    15. The result is acceptable if it falls within the range specified by the tolerance
    control limits. The process is in control if it falls within the control limits.

    16. Seven basic tools of quality: CCFRHPS

    Take a Check Collection Form and Run to Hyderabad Public School.

    Cause and Effect Diagrams.


    Control Charts.
    Flow charting
    Run Chart
    Histogram
    Pareto Chart
    Scatter Diagram

    If you are still laughing at my mnemonic, remember: I’m the PMP here 
    17. Constraints for human resource planning:

    CEO
    Collective bargaining agreements
    Economic conditions
    Organizational Structure

    18. Project Statement of Work describes:

    BPS
    Business Needed
    Product Scope Description
    Strategic Plan

    -------------------------------------------------------------------------------------------------

    Profit of Build : $ 5,000


    Profit of Buy : $ 3,500
    Opportunity cost of Build = Profit you give up if you do not buy = $ 3,500

    -------------------------------------------------------------------------------------------------
    The classes of estimates and their accuracy % is as follows:

    * Definitive (+- 5%)


    * Capital Cost (+- 10% - 15%)
    * Appropriation ( +- 15% - 25%)
    * Feasibility (+_ 25% - 35 %)
    * Order of Magnitude ( > +- 35%)

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