2
PMP Study questions with verified detailed
|| || || || || ||
answers
Crashing - ✔✔Involves adding extra resources to the critical path.
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Decision Tree Analysis - ✔✔calculates une expected monetary value
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To help you and your team determine the best path to Follow. (Risk;emv)
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Firm Fixed Price (FFP) - ✔✔Pricing does not change. Favored by organization.
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Risk on seller.
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Project Charter - ✔✔Provides high level project objectives. Definite the
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boundaries of the project scope. || || || ||
RACI chart - ✔✔Responsible, Accountable, Consult, Inform
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Deming Cycle - ✔✔Plan, Do, Check, Act || || || || || ||
Ishikawa Diagram (Fishbone) - ✔✔Identifying potential causes of a problem,
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showing cause and effect relationships. || || || ||
Risks - Threats - ✔✔Avoid - remove root cause
|| || || || || || || || ||
Transfer: 3rd party || ||
,2
Mitigate: ||
Accept: no change || ||
Risk - Opportunities - ✔✔Exploit - change plans to remove uncertainty
|| || || || || || || || || || ||
Share - Allocate || ||
Enhance - increase positive impact or probability || || || || || || ||
Accept - not actively pursued || || || ||
EAC (Estimate at Completion) - ✔✔BAC / CPI (budget at completion divided
|| || || || || || || || || || || ||
by cost performance index)
|| || || ||
Prediction of what the project will cost when completed. || || || || || || || ||
Phase review - ✔✔Kill point || || || ||
Analogous Estimating - ✔✔An approach that relies on historical information to
|| || || || || || || || || ||
predict the cost of the current project. It is also known as top-down estimating
|| || || || || || || || || || || || || || ||
and is the least reliable of all the cost-estimating approaches.
|| || || || || || || || ||
Similar project. ||
PSR - ✔✔product, service, or result
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Data Analysis - ✔✔Alternative analysis
|| || || ||
Root cause analysis || || ||
,2
Variance analysis || ||
Trend analysis ||
Risk report - ✔✔report summarizing the project risks
|| || || || || || ||
Risk Register - ✔✔Potential project risks, owners of each risk and a potential
|| || || || || || || || || || || || ||
risk response.
||
Data Gathering - ✔✔The process of collecting facts and figures.
|| || || || || || || || ||
Brainstorming
Interviews ||
Focus groups ||
Checklist
Questionnaire ||
Surveys ||
Gather data information about a particular process that you are working on.
|| || || || || || || || || || ||
Informal communication - ✔✔Emails || || ||
Social media ||
Website
Informal adhoc discussion || ||
, 2
Colocation - ✔✔Same place/ location.
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Formal communication - ✔✔Reports
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Meeting agendas
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Stakeholder briefings ||
Formal meetings
||
Physical Resources - ✔✔Supplies
|| || ||
Materials
Tools
Equipment
Facilities
Software
Databases
Schedule Variance (SV) - ✔✔EV - PV
|| || || || || ||
Negative is behind schedule; positive is ahead of schedule
|| || || || || || || ||
Schedule Performance Index (SPI) - ✔✔EV/PV
|| || || || ||
Tuckman's Stages of Group Development - ✔✔forming, storming, norming,
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performing, adjourning ||
PMP Study questions with verified detailed
|| || || || || ||
answers
Crashing - ✔✔Involves adding extra resources to the critical path.
|| || || || || || || || ||
Decision Tree Analysis - ✔✔calculates une expected monetary value
|| || || || || || || ||
To help you and your team determine the best path to Follow. (Risk;emv)
|| || || || || || || || || || || ||
Firm Fixed Price (FFP) - ✔✔Pricing does not change. Favored by organization.
|| || || || || || || || || || || ||
Risk on seller.
|| ||
Project Charter - ✔✔Provides high level project objectives. Definite the
|| || || || || || || || || ||
boundaries of the project scope. || || || ||
RACI chart - ✔✔Responsible, Accountable, Consult, Inform
|| || || || || ||
Deming Cycle - ✔✔Plan, Do, Check, Act || || || || || ||
Ishikawa Diagram (Fishbone) - ✔✔Identifying potential causes of a problem,
|| || || || || || || || || ||
showing cause and effect relationships. || || || ||
Risks - Threats - ✔✔Avoid - remove root cause
|| || || || || || || || ||
Transfer: 3rd party || ||
,2
Mitigate: ||
Accept: no change || ||
Risk - Opportunities - ✔✔Exploit - change plans to remove uncertainty
|| || || || || || || || || || ||
Share - Allocate || ||
Enhance - increase positive impact or probability || || || || || || ||
Accept - not actively pursued || || || ||
EAC (Estimate at Completion) - ✔✔BAC / CPI (budget at completion divided
|| || || || || || || || || || || ||
by cost performance index)
|| || || ||
Prediction of what the project will cost when completed. || || || || || || || ||
Phase review - ✔✔Kill point || || || ||
Analogous Estimating - ✔✔An approach that relies on historical information to
|| || || || || || || || || ||
predict the cost of the current project. It is also known as top-down estimating
|| || || || || || || || || || || || || || ||
and is the least reliable of all the cost-estimating approaches.
|| || || || || || || || ||
Similar project. ||
PSR - ✔✔product, service, or result
|| || || || ||
Data Analysis - ✔✔Alternative analysis
|| || || ||
Root cause analysis || || ||
,2
Variance analysis || ||
Trend analysis ||
Risk report - ✔✔report summarizing the project risks
|| || || || || || ||
Risk Register - ✔✔Potential project risks, owners of each risk and a potential
|| || || || || || || || || || || || ||
risk response.
||
Data Gathering - ✔✔The process of collecting facts and figures.
|| || || || || || || || ||
Brainstorming
Interviews ||
Focus groups ||
Checklist
Questionnaire ||
Surveys ||
Gather data information about a particular process that you are working on.
|| || || || || || || || || || ||
Informal communication - ✔✔Emails || || ||
Social media ||
Website
Informal adhoc discussion || ||
, 2
Colocation - ✔✔Same place/ location.
|| || || ||
Formal communication - ✔✔Reports
|| || ||
Meeting agendas
||
Stakeholder briefings ||
Formal meetings
||
Physical Resources - ✔✔Supplies
|| || ||
Materials
Tools
Equipment
Facilities
Software
Databases
Schedule Variance (SV) - ✔✔EV - PV
|| || || || || ||
Negative is behind schedule; positive is ahead of schedule
|| || || || || || || ||
Schedule Performance Index (SPI) - ✔✔EV/PV
|| || || || ||
Tuckman's Stages of Group Development - ✔✔forming, storming, norming,
|| || || || || || || || ||
performing, adjourning ||
