Which process involves developing an approximation of the monetary resources needed to complete project activities?
Answer(s): A
Process: 7.2 Estimate CostsDefinition: The process of developing an approximation of the monetary resources needed to complete project activities.Key Benefit: The key benefit of this process is that it determines the amount of cost required to complete project work.Inputs1. Cost management plan2. Human resource management plan3. Scope baseline4. Project schedule5. Risk register6. Enterprise environmental factors7. Organizational process assetsTools & Techniques1. Expert judgment2. Analogous estimating3. Parametric estimating4. Bottom-up estimating5. Three-point estimating6. Reserve analysis7. Cost of quality8. Project management software9. Vendor bid analysis10. Group decision-making techniquesOutputs1. Activity cost estimates2. Basis of estimates3. Project documents updates
Which tool or technique is used in the Develop Project Management Plan process?
Answer(s): D
4.1.2.1 Expert JudgmentExpert judgment is often used to assess the inputs used to develop the project charter. Expert judgment is applied to all technical and management details during this process. Such expertise is provided by any group or individual with specialized knowledge or training and is available from many sources, including:Other units within the organization, Consultants,Stakeholders, including customers or sponsors, Professional and technical associations, Industry groups,Subject matter experts (SME), and Project management office (PMO).Process: 4.2. Develop Project Management PlanDefinition: 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.Key Benefit: The key benefit of this process is a central document that defines the basis of all project work.Inputs1. Project charter2. Outputs from other processes3. Enterprise environmental factors4. Organizational process assetsTools & Techniques1. Expert judgment2. Facilitation techniquesOutputsProject management plan4.2.3.1 Project Management PlanThe project management plan is the document that describes how the project will be executed, monitored, and controlled. It integrates and consolidates all of the subsidiary plans and baselines from the planning processes. Project baselines include, but are not limited to:Scope baseline (Section 5.4.3.1), Schedule baseline (Section 6.6.3.1), and Cost baseline (Section 7.3.3.1).Subsidiary plans include, but are not limited to: Scope management plan (Section 5.1.3.1), Requirements management plan (Section 5.1.3.2), Schedule management plan (Section 6.1.3.1), Cost management plan (Section 7.1.3.1),Quality management plan (Section 8.1.3.1), Process improvement plan (Section 8.1.3.2),Human resource management plan (Section 9.1.3.1), Communications management plan (Section 10.1.3.1), Risk management plan (Section 11.1.3.1), Procurement management plan (Section 12.1.3.1), and Stakeholder management plan (Section 13.2.3.1). Among other things, the project management plan may also include the following:Life cycle selected for the project and the processes that will be applied to each phase; Details of the tailoring decisions specified by the project management team as follows:○ Project management processes selected by the project management team,○ Level of implementation for each selected process,○ Descriptions of the tools and techniques to be used for accomplishing those processes, and○ Description of how the selected processes will be used to manage the specific project, including the dependencies and interactions among those processes and the essential inputs and outputs.Description of how work will be executed to accomplish the project objectives;Change management plan that documents how changes will be monitored and controlled; Configuration management plan that documents how Configuration management will be performed; Description of how the integrity of the project baselines will be maintained;Requirements and techniques for communication among stakeholders; andKey management reviews for content, the extent of, and timing to address, open issues and pending decisions.The project management plan may be either summary level or detailed, and may be composed of one or more subsidiary plans. Each of the subsidiary plans is detailed to the extent required by the specific project. Once the project management plan is baselined, it may only be changed when a change request is generated and approved through the Perform Integrated Change Control process.
Lessons learned are created and project resources are released in which Process Group?
Answer(s): C
When should quality planning be performed?
Answer(s): B
Quality planning should be performed in parallel with the other planning processes. For example, proposed changes in the deliverables to meet identified quality standards may require cost or schedule adjustments and a detailed risk analysis of the impact to plans.The quality planning techniques discussed here are those used most frequently on projects. There are many others that may be useful on certain projects or in some application areas.
A key benefit of the Manage Communications process is that it enables:
Process: 10.2 Manage CommunicationsDefinition: The process of creating, collecting, distributing, storing, retrieving and the ultimate disposition of project information in accordance with the communications management plan.Key Benefit: The key benefit of this process is that it enables an efficient and effective communications flow between project stakeholders.Inputs1. Communications management plan2. Work performance reports3. Enterprise environmental factors4. Organizational process assetsTools & Techniques1. Communication technology2. Communication models3. Communication methods4. Information management systems5. Performance reportingOutputs1. Project communications2. Project management plan updates3. Project documents updates4. Organizational process assets updates
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