2024 PMP CERTIFICATION/PMP CERTIFICATION EXAM 2024 WITH 317 QUESTIONS AND CORRECT
VERIFIED ANSWERS (BRAND NEW!)EXAM GRADED A+ WITH EXPLANATION
Change Control Board - ANSWER-Group whose function is to review, approve or reject changes on the
project as they relate to the various areas of the represented bussiness
Change Control System - ANSWER-Used to asses the impact and consequnces of requested changes on
the project
Contraints - ANSWER-Factors that limits project options such as the number of people available, amount
of time or money available to finish the job or other resources or assest issues
1. Close out any contracts w/ outside vendors
2. Deliver any required reports assoc. w/ closure (Opa updates)
3. Complete any Close Project of Phase activites
4. Performed Lessons Learned
5. Complete Archives of any project Files (OPA updates)
6. Release resources for other projects - ANSWER-General Closing Order of itmes for a project (6)
Opportunity that allows the team to learn from past experience and improve on the project as the
complete it. LL can come along before the end on the project . If they come at the end administrative
procedures come into play - ANSWER-What are Lessons Learned?
1. To develop a consistent process to evaluate changes
2. To create an environment in which you can review and approve appropiate changes to modify the
project for the better.
3. To set communication standards so the project team can communicate those changes to the
appropiate stakeholders - ANSWER-3 main goals of a configuration mgmt system
Project Managment Plan - ANSWER-A cumulative document that contains all the documents used in the
project mgmt apporach on the project. It describes the steps associated w/ executing, monitoring and
controlling and closing
Product Verification Lesson Learned
Updating records - Project files, contract files
,2024 PMP CERTIFICATION/PMP CERTIFICATION EXAM 2024 WITH 317 QUESTIONS AND CORRECT
VERIFIED ANSWERS (BRAND NEW!)EXAM GRADED A+ WITH EXPLANATION
Reporting Archiving Formal Acceptance - ANSWER-Closing a Project Includes the Following (3)
When you perform project mgmt part of the concept of planning is to deal with items unkown, here you
must make assumptions for scheduling and budgeting. In most cases as the project evolves you learn
more about it - ANSWER-Know Assumptions as they relate to a Project
PMIS - ANSWER-Used for communication and information distribution on the project not necessarily a
high tech system but whatever is used for project communication on the project. Normally a mixture of
technology and non-technology.
Project Scope is built - ANSWER-What is the result of Executing?
Project Charter and Stakholders are Identified - ANSWER-What is the result of Initiating?
Corrective Action - ANSWER-What is the result of Monitoring and Controlling?
results in the product, service or result transition of the project - ANSWER-What is the result of Closing?
Characteristics of the PMO (3)
A centralized area for all 1.PM personnel to and be assigned. 2. for documentation a process support 3.
For Project mgmt support and auditing of projects. - ANSWER-Characteristics of the PMO (3)
Mgmt by Projects - ANSWER-Performing day to day operations by a project Mgmt approach...
Project Initiation - ANSWER-The process that result in the authorization of a project..
Planning Process - ANSWER-The process required to develop the activites to attain objective..
Project Mgmt - ANSWER-Emcompasses project of similar work or correlated activites managed in a
coordinated way to attain benefits that could not achieved separately
,2024 PMP CERTIFICATION/PMP CERTIFICATION EXAM 2024 WITH 317 QUESTIONS AND CORRECT
VERIFIED ANSWERS (BRAND NEW!)EXAM GRADED A+ WITH EXPLANATION
Project Life Cycle - ANSWER-Process of completing work on the Project. It is not the management of the
work, but rather the work process. Can be describe what work is done (and who does the work ) in each
phase of the project, what the deliverables are, and the approval for each phase
Sub Project - ANSWER-A smaller piece of the project as a result of decomposition; is usually created as a
result of creating the work breakdown structure
Characterisitics of Project(5) - ANSWER-Has a specific purpose Creates specific results
Has a start a nd finish Temporary
Could be progressively elaborated as more is learn
Product Life Cycle - ANSWER-Involves the product or service from concept to divestment (closure) This
cycle typically begins with a business plan end with a product or service
Project Mgmt Life Cycle in 5 process group - ANSWER-Initating Planning Executing Monitoring and
Controlling
Closing
Projects (or project selection) are typically authorized as result of the following - ANSWER-Market
Demand Strategic Opportunity Customer Request
Technological Advance Legal requirements
Program Management - ANSWER-A group of related projects managed in a coordinated way to obtain
benefits and control not availble from managing the individually
Strategic Planning - ANSWER-Practice by which a company looks into the furture for products or services
it must have, typically 3 to 5 years in the future. Projects are the tools that company will use to
implement the strategic goals
Scope time cost - ANSWER-What is the triple contraints?
Quality gurus HR gurus Comm Channels Fromula
, 2024 PMP CERTIFICATION/PMP CERTIFICATION EXAM 2024 WITH 317 QUESTIONS AND CORRECT
VERIFIED ANSWERS (BRAND NEW!)EXAM GRADED A+ WITH EXPLANATION
Expected Monetary Value Formula
Four Core Earned Value Formula
Standard Deviation Values Triangular pert formulas - ANSWER-10 things remember for a brain dump
Process groups /Knowledge areas are number by - ANSWER-2 - 20 - 8 - 10 - 2
Portfolio - ANSWER-A group of programs of projects related and managed in a coordinated way to
achieve specific strategic business goals
Program - ANSWER-A group of related projected project that are managed to obtain synergistic benefits
and control
Projectized Organization - ANSWER-An Organizational which authorizes the project manager to assign
resources to the project to establish priorities and to direct the work of the project
Portfolio Mgmt - ANSWER-Mgmt of various portfolios that include the project and programs of which
they consist can in prioritization, authorization, mgmt
Opportunity that allows the team to learn from past experience and improve on the project as the
complete it. LL can come along before the end on the project . If they come at the end administrative
procedures come into play - ANSWER-What are Lessons Learned?
Baseline - ANSWER-The original estimate plus any approve changes. it is the value against which the
work results (somtimes called actuals) are compared
Anything that ends with a plan or baseline - ANSWER-Components of the project Mgmt Plan..
Configuration Mgmt - ANSWER-Process used to control product features and details through change
control
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Nursewilliams29. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.69. You're not tied to anything after your purchase.
