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Example PMP flashcards
What are the five Process Groups in the PMBOK framework?
Initiating, Planning, Executing, Monitoring & Controlling, and Closing
Define the project scope baseline.
The approved project scope statement, WBS, and WBS dictionary that serves as the basis for future project work and change control
What is the primary output of Define Scope?
Project Scope Statement, which documents the project justification, boundaries, deliverables, assumptions, and constraints
Which process creates the Work Breakdown Structure (WBS)?
Create WBS (Planning Process Group). It decomposes project scope into manageable work packages
What is schedule variance (SV) and what does a negative value indicate?
SV = EV - PV. A negative SV indicates the project is behind schedule
Define Cost Performance Index (CPI) and interpret a value of 0.80.
CPI = EV / AC. A CPI of 0.80 means the project is spending $1.25 for every $1.00 of work completed (over budget)
What is the purpose of Perform Integrated Change Control and who is the primary approver?
To review, approve, or deny change requests while ensuring all changes are reflected in project baselines. The Change Control Board (CCB) or project manager makes the approval decision
Distinguish between Manage Communications and Monitor Communications.
Manage Communications (Executing) produces project communications output; Monitor Communications (Monitoring & Controlling) ensures information is collected, distributed, and verified for adequacy and effectiveness
What is the primary difference between risk mitigation and risk acceptance?
Mitigation reduces probability or impact of a risk; acceptance acknowledges the risk and develops a contingency or fallback plan but takes no preventive action
In earned value analysis, what does the TCPI (To-Complete Performance Index) measure and when is it most used?
TCPI = (BAC - EV) / (BAC - AC). It measures the required cost performance for remaining work. Most used during Monitoring & Controlling to forecast if budget goals are achievable
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