SOLVED- Elaborated PMP Exam (PMBOK 7th Edition)

PMP Exam (PMBOK 7th Edition) How many project management knowledge areas are there in the PMBOK 6th Edition? - Answer> 10 project management knowledge areas How many project management processes are covered in the PMBOK 6th Edition? - Answer> 49 project management processes What are the 10 project management knowledge areas? - Answer> Communications Management Cost Management Integration Management Quality Management Procurement Management Resource Management Risk Management Schedule Management Scope Management Stakeholder Management What are the 5 project management domains? - Answer> Initiating (8 tasks) Planning (13 tasks) Executing (7 tasks) Monitoring (7 tasks) Closing (7 tasks) What are the 8 tasks involved in initiating a project? - Answer> 1. Assess the project 2. Key deliverables 3. Stakeholder analysis 4. Risks & constraints 5. Project charter 6. Approval of project charter by sponsor 7. Benefit analysis 8. Inform stakeholders Initiating: Task 1 - Answer> Perform project assessment based upon available information, lessons learned from previous projects, and meetings with relevant stakeholders in order to support the evaluation of the feasibility of new products or services within the given assumptions and/or constraints. Initiating: Task 2 - Answer> Identify key deliverables based on the business requirements in order to manage customer expectations and direct the achievement of project goals. Initiating: Task 3 - Answer> Perform stakeholder analysis using appropriate tools and techniques in order to align expectations and gain support for the project Initiating: Task 4 - Answer> Identify high level risks, assumptions, and constraints based on the current environment, organizational factors, historical data, and expert judgement, in order to propose an implementation strategy. Initiating: Task 5 - Answer> Participate in the development of the project charter by compiling and analyzing gathered information in order to ensure project stakeholders are in agreement on its elements. Initiating: Task 6 - Answer> Obtain project charter approval from the sponsor, in order to formalize the authority assigned to the project manager and gain commitment and acceptance for the project. Initiating: Task 7 - Answer> Conduct benefit analysis with relevant stakeholders to validate project alignment with organizational strategy and expected business value. Initiating: Task 8 - Answer> Inform stakeholders of the approved project charter to ensure common understanding of key deliverables, milestones, and their roles and responsibilities.PMP, project, management, professional, latest, 2023, exam, solutions, answers,SOLVED- Elaborated PMP Exam (PMBOK 7th Edition)