Project Integration Management Initiating Process Group Develop Project Charter Planning Process Group Project Management Plan Develop Executing Process Group and Manage Project Work Direct Monitoring & Controlling Process Group and Control Project Work Perform Integrated Change Control Monitor V 2012-2016 Plan Scope Mngmt Collect Requirements Define Scope Create WBS Validate Scope Control Scope Project Time Management Plan Schedule Mngmt Define Activities Sequence Activities Est. Activity Resources Est. Activity Durations Develop Schedule Control Schedule Project Cost Management Plan Cost Mngmt Estimate Costs Determine Budget Control Costs Control Quality Control Comm. Control Risks Project Scope Management Project Quality Management Plan Quality Mngmt Perform Project Human Res. Management Plan HR Mngmt Acquire Project Team Develop Project Team Manage Project Team Project Comm. Management Plan Comm. Mngmt Manage Project Risk Management Quality Assurance Comm. Plan Risk Mgmt. Identify Risks Perform Qualitative Closing Process Group Close Project or Phase Risk Analysis Quantitative Risk Analysis Plan Risk Responses Perform Project Procure. Management Page - 1 Project Stakeholder Identify Stakeholders Management Plan Procure. Mngmt Stakeholder Management Plan Conduct Procurements Control Procurements Stakeholder Engagement Manage Stakeholder Engagement Control Close Procurements PMTI Process Chart (50 points) Memorization (REQUIRED) Sharing, copying or printing without permission violates PMTI copyrights Process Groups Knowledge Area Initiating Process Group Monitoring & Controlling Process Group Closing Process Group _________ _________ ______ ____ _______ ______ ____________ ______ __________ Project Scope Management _______ _____ _____ _______ ___________ ______ ____________ ______ ____________ ______ ____________ ______ ____________ Project Time Management ______ _____ ______ ______ ____________ ________ __________ ___ ______ ________ ___ ______ ________ ______ ____________ ______ ____________ Project Cost Management ______ ____ _______ ______ ____________ ______ ____________ ______ ____________ Project Integration Management _________________ ________ ________ Planning Process Group ____________ ______ Executing Process Group ___________ ______ ______ ____________ ______ ____________ ______ ____________ V 2012-2016 Project Quality Management ______ ____________ __________________ Project Human Res. Management ______ ____________ ___ ______ ________ __________________ ___ ______ ________ ___ ______ ________ Project Comm. Management _______ ___________ ______ ____________ ______ ____________ ___ ______ ________ ______ ____________ ______ ____________ __________ ________ Project Risk Management __________________ ________ __________ __________________ ___ _____________ __________ ________ ______ ____________ ______ ____________ ______ ____________ ___ ______ ________ Page - 2 Project Procurement Management _______ ___________ _______ ___________ ______ ____________ Project Stakeholder ______ __________ Management ______ __________ ______ __________ _________________ ______ __________ _________________ _________________ _____ ___________ PMTI Process Chart—Practice Sheet(50 points) Make copies if you need Sharing, copying or printing without permission violates PMTI copyrights Process Groups Knowledge Area PMTI Math Sheet (100 points) Memorization (REQUIRED) Use your daily braindump of math sheet & process flow with classroom mock tests Earned Value Management (EVM) BAC - Budget At Completion EV - Earned Value = Σ(PV) at project completion = % complete x BAC CV SV CPI SPI = EV = EV = EV = EV - Cost Variance Schedule Variance Cost Performance Index Schedule Performance Index – AC – PV / AC / PV (>0 is good) (>0 is good) (>1 is good) (>1 is good) EAC - Estimate At Completion = AC / % Complete = BAC / CPI ETC - Estimate To Completion VAC - Variance At Completion = EAC—AC = BAC—EAC Always earn (EV) more than what you planned (PV) or spent (AC) TCPI - To Complete Performance Index = Remaining Work / Remaining Budget = (BAC—EV) / (BAC—AC) Or = (BAC—EV) / (EAC-AC) AC PV - Actual Cost - Planned Value = CV / (CPI - 1) = SV / (SPI - 1) 40 Pts Qualitative Risk Score = Probability x (Iscope + Itime + Icost + Iquality) 1 2 3 6 EMV - Expected Monetary Value = Impact x Probability Communication Channels = N (N—1) / 2 Normal Distribution = 68.26% Sigma = 95.46% = Standard Deviation = 99.73% = SD = = 99.999% 12 Pts N = # of stakeholders in the project 5 Pts Present Value (PV) PV = PERT - Program Evaluation and Review Technique SD of Activity ( = (P-O) / 6 Variance of Activity = (SD)2 Float 15 Pts FV = Future Value r = Rate of Interest n = Number of Years FV (1 + r)n 12 Pts = (O+4M+P) / 6 = LS—ES = LF—EF Sharing, copying or printing without permission violates PMTI copyrights 16 Pts O = Optimistic P = Pessimistic M = Most Likely LS = Late Start LF = Late Finish ES = Early Start EF = Early Finish V 2012-2016 Page - 3 Introduction PMTI Math Sheet—Practice Sheet(100 points) Make copies if you need Use your daily brain dump of math sheet & process flow with classroom mock tests Document your score on Performance Worksheet on page 6 Earned Value Management (EVM) BAC - Budget At Completion EV - Earned Value = _____________________ = _____________________ CV SV CPI SPI = _________ = _________ = _________ = _________ - Cost Variance Schedule Variance Cost Performance Index Schedule Performance Index (___) (___) (___) (___) Always ______ ____ than what you _____ or ______ EAC - Estimate At Completion = _____________________ = _____________________ ETC - Estimate To Completion VAC - Variance At Completion = _____________________ = _____________________ TCPI - To Complete Performance Index = ____________________________ = _____________________ (or) = _____________________ AC PV - Actual Cost - Planned Value = _____________________ = _____________________ 40 Pts Qualitative Risk Score = _____________________________ EMV - Expected Monetary Value Communication Channels 1 2 3 6 15 Pts = _____________________ = _____________ Normal Distribution = _____________________ = _____________________ = _____________________ = _____________________ N= 5 Pts Present Value 12 Pts 12 Pts PERT - Program Evaluation and Review Technique = _____________ SD of Activity ( = __________ Variance of Activity = __________ Float = __________ = __________ Sharing, copying or printing without permission violates PMTI copyrights 16 Pts O= P = M= LS = LF = ES = EF = V 2012-2016 Page - 4 V 2012-2016 Page - 5 PMTI Process Flow Diagram-Extra Credit (50 points) Memorization (Optional) Sharing, copying or printing without permission violates PMTI copyrights V 2012-2016 Page - 6 PMTI Process Flow Diagram-Extra Credit (50 points) Practice Sheet—Make copies if you need Sharing, copying or printing without permission violates PMTI copyrights PMTI Detailed Process Chart (100 points) Memorization (Optional) Answers the question - What Does The PM Do Next? Initiating Process Group Org. Strategic Plan Project SOW, Business Case Assumptions, Constraints Measurable Objectives High Level Risks Summary Budget Milestone Schedule Project Charter PM (formally) Assigned Identify Stakeholders Create Stakeholder Register Planning Process Group (Order Important!) 1. Begin PM Plan Dev. 2. Scope, Schedule, Cost Management Plans 3. Plan Stakeholder Mgmt. 4. Collect Requirements 5. Req. Traceability Matrix 6. Detail Scope Statement 7. Plan & Get Initial Team 8. WBS, WBS Dictionary 9. Plan Schedule Mgmt 10. Define Activities 11. Sequence Activities 12. Create Network Diagram 13. Estimate Total HR, NonHR Resources Required 14. Estimate Task(s) Time 15. Analyze Schedule Network (Critical Path) 16. Develop Final Schedule 17. Plan Cost Mgmt 18. Estimate Costs 19. Determine Budget 20. Plan Quality / Standards 21. Plan Communications 22. Plan HR, Staff Mgmt. Plan, RACI, OBS, RBS 23. Plan Risk Management 24. Identify Risks 25. Perform Qualitative Risk Analysis 26. Perform Quantitative Risk Analysis 27. Plan Risk Responses 28. Plan Procurements, Proc. Mgmt. Plan, SOW, RFI, RFP, RFQ, IFB 29. Rolling Wave Planning (Do Planning Iterations) 30. Change Mgmt. Plan 31. Collate All Plans & Baselines = PM Plan 32. Get PM Plan Approval 33. Kick-off Meeting Executing Process Group Monitoring & Controlling Process Group Acquire Final Project Team Implement PM Plan Create Deliverables Receive Proposals from Vendors Select Vendors Develop (Motivate) Project Team Reward Team Members Manage/Resolve Project Team Issues Foster Stakeholder Engagement Perform Quality Assurance, Conduct Quality Audits Distribute Information Monitor & Control Project Work Manage Changes to: Scope Schedule Cost Quality Risk Procurements Request Changes Evaluate Changes (CCB) Perform Integrated Change Control (Approve Changes) Measure Performance against PMB (Performance Measurement Baseline) Report Project Performance Perform Quality Control Verify Scope & Accept Deliverables Adjust Stakeholder Strategies Administer Procurements Closing Process Group Close Procurements Resolve Claims Procurement Audits Close Contracts Close Projects or Phase Financial Closure Legal Closure Administrative Closure Obtain Final Acceptance from Customer Product Transition to Operations or Prod Distribute Final Report Collect Lessons Learned Archive Documents Release Resources Throughout the Project Develop (Motivate) Project Team, Perform Quality Assurance, Monitor & Control Risks, Perform Quality Control, Perform Integrated Change Control Sharing, copying or printing without permission violates PMTI copyrights V 2012-2016 Page - 7 PMTI Detailed Process Chart—Practice Sheet (100 points) Make copies if you need Answers the question - What Does The PM Do Next? _______________ Process Group ____________ Process Group (______ Important!) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. ______________ Process Group _________ & __________ Process Group Manage ___________ to: 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. ______________ Process Group 23. 24. 25. 26. 27. 28. = _______ 29. 30. 31. 32. 33. _____________________ the Project ___________________________ , ____________________, ______________________, ________________________ , ___________________________ Sharing, copying or printing without permission violates PMTI copyrights V 2012-2016 Page - 8