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PMP Project Management Professional Exam Review Guide, 3rd Edition

PMP Project Management Professional Exam Review Guide, 3rd Edition

Kim Heldman, Vanina Mangano, Brett Feddersen

ISBN: 978-1-119-17972-6

Apr 2016

408 pages

Description

Provides focused, concise review of PMP updated 2015 Exam objectives and compliments the PMP Project Management Professional Exam Study Guide, 8th Edition and the PMP Project Management Professional Exam Deluxe Study Guide, 2nd Edition.

Includes interactive online learning environment and study tools with:

+ 2 practice tests
+ Over 175 electronic flashcards
+ Searchable key term glossary

Interactive learning environment

Take your exam prep to the next level with Sybex's superior interactive online study tools. To access our learning environment, simply visit http://sybextestbanks.wiley.com, type in your unique PIN, and instantly gain access to:

  • Interactive test bank with 2 practice exams
  • More than 175 Electronic Flashcards to reinforce learning and last-minute prep before the exam
  • Comprehensive glossary in PDF format gives you instant access to the key terms so you are fully prepared

Focused, expert review for the PMP updated 2015 exam

PMP: Project Management Professional Exam Review Guide, 3rd Edition, delivers targeted review of key concepts for the PMP updated 2015 exam. Organized by objective to help you find what you need and skip what you know, this new third edition has been fully updated to reflect the latest changes to the exam. This invaluable study aid aligns with A Guide to the Project Management Body of Knowledge, 5th Edition (PMBOK® Guide), administered by the Project Management Institute, and works hand-in-hand with the Sybex PMP: Project Management Professional Exam Study Guide, 8th Edition, and the PMP Project Management Professional Exam Deluxe Study Guide, 2nd Edition so you can be confident on exam day.

Coverage of 100% of all exam objectives in this Study Guide means you'll be ready for

  • Initiating the Project
  • Planning the Project
  • Executing the Project
  • Monitoring and Controlling the Project
  • Closing the Project
Introduction xix

Chapter 1 Project Foundation 1

Defining a Project 2

Project Characteristics 3

Operations 3

Progressive Elaboration 4

Stakeholders 4

Defining Project Management 6

Project Management 6

Programs 7

Portfolios 7

Project Management Office 8

Identifying Project Management Skills 9

Understanding Organizational Structures 11

Functional Organizations 12

Projectized Organizations 12

Matrix Organizations 13

Understanding the Project Environment 15

Understanding Project Life Cycles and Project Management Processes 16

Project Phases and Project Life Cycles 17

Project Management Process Groups 18

Plan-Do-Check-Act Cycle 22

Recognizing Professional and Social Responsibility 23

PMI® Core Values 24

Advancing the Industry 33

Review Questions 36

Chapter 2 Initiating the Project 39

Understanding the Project Management Knowledge Areas 40

Project Integration Management 41

Project Scope Management 43

Project Time Management 44

Project Cost Management 45

Project Quality Management 47

Project Human Resource Management 48

Project Communications Management 49

Project Risk Management 50

Project Procurement Management 51

Project Stakeholder Management 52

Performing a Project Assessment 54

Initiating a Project 54

Selecting a Project 55

Defining the High-Level Project Scope 61

Identifying High-Level Risks, Assumptions, and Constraints 61

Developing the Project Charter 62

Inputs of the Develop Project Charter Process 63

Tools and Techniques of the Develop Project Charter Process 64

Outputs of the Develop Project Charter Process 65

Obtaining Project Charter Approval 66

Performing Key Shareholder Analysis 67

Inputs of the Identify Stakeholders Process 68

Tools and Techniques of the Identify Stakeholders Process 68

Outputs of the Identify Stakeholders Process 69

Bringing the Processes Together 70

Review Questions 73

Chapter 3 Planning the Project 77

Developing a Scope Management Plan 79

Understand Project Scope Management 79

Plan Scope Management 80

Requirements Management Plan 82

Collect Requirements 82

Define Scope 88

Create WBS 92

Developing a Project Schedule 98

Understand Plan Schedule Management 99

Define Activities 101

Sequence Activities 103

Estimate Activity Resources 108

Estimate Activity Durations 112

Develop Schedule 117

Developing a Cost Management Plan 129

Understand the Cost Management Plan 130

Plan Cost Management 130

Estimate Costs 132

Determine Budget 137

Developing a Quality Management Plan 142

Inputs of Plan Quality Management 143

Tools and Techniques of Plan Quality Management 144

Outputs of Plan Quality Management 148

Developing a Human Resource Management Plan 150

Inputs of Plan Human Resource Management 151

Tools and Techniques of Plan Human Resource Management 152

Outputs of Plan Human Resource Management 154

Developing a Communications Management Plan 156

Inputs of Plan Communications Management 157

Tools and Techniques of Plan Communications Management 157

Outputs of Plan Communications Management 161

Developing a Procurement Management Plan 162

Inputs of Plan Procurement Management 163

Tools and Techniques of Plan Procurement Management 166

Outputs of Plan Procurement Management 166

Developing a Change Management Plan 170

Developing a Risk Management Plan 170

Plan Risk Management 171

Identify Risks 175

Perform Qualitative Risk Analysis 180

Perform Quantitative Risk Analysis 185

Plan Risk Responses 190

Developing a Stakeholder Management Plan 195

Inputs of Plan Stakeholder Management 195

Tools and Techniques of Plan Stakeholder Management 196

Outputs of Plan Stakeholder Management 197

Obtaining Project Management Plan Approval 198

Inputs of Develop Project Management Plan 199

Tools and Techniques of Develop Project Management Plan 200

Output of Develop Project Management Plan 200

Conducting a Kickoff Meeting 203

Meeting Topics 203

Bringing the Processes Together 204

Project Scope Management Knowledge Area Review 206

Project Time Management Knowledge Area Review 207

Project Cost Management Knowledge Area Review 207

Project Quality Management Knowledge Area Review 208

Project Human Resource Management Knowledge Area Review 208

Project Communications Management Knowledge Area Review 208

Project Risk Management Knowledge Area Review 210

Project Procurement Management Knowledge Area Review 210

Project Stakeholder Management Knowledge Area Review 211

Review Questions 213

Chapter 4 Executing the Project 217

Obtaining and Managing Resources 218

Acquire Project Team 218

Conduct Procurements 221

Maximizing Team Performance 227

Develop Project Team 227

Manage Project Team 235

Executing the Project Management Plan 240

Direct and Manage Project Work 241

Manage Communications 245

Manage Stakeholder Engagement 248

Implementing Approved Changes 251

Implementing the Quality Management Plan 251

Inputs of Perform Quality Assurance 252

Tools and Techniques of Perform Quality Assurance 253

Outputs of Perform Quality Assurance 254

Implementing the Risk Management Plan 255

Bringing the Processes Together 256

Project Integration Management Knowledge Area Review 257

Project Quality Management Knowledge Area Review 257

Project Human Resource Management Knowledge

Area Review 258

Project Communications Management Knowledge Area Review 259

Project Procurement Management Knowledge Area Review 260

Project Stakeholder Management Knowledge Area Review 260

Review Questions 262

Chapter 5 Monitoring and Controlling the Project 267

Measuring Project Performance 268

Monitor and Control Project Work 268

Control Procurements 272

Managing Changes to the Project Scope, Schedule, and Costs 277

Validate Scope 277

Control Scope 279

Control Schedule 281

Control Costs 285

Ensuring Adherence to Quality Standards 294

Control Quality 294

Updating the Risk Register 302

Control Risks 302

Assessing Corrective Actions 305

Perform Integrated Change Control 305

Communicating Project Status 311

Control Communications 311

Controlling Stakeholder Engagement 314

Control Stakeholder Engagement 314

Bringing the Processes Together 317

Project Integration Management Knowledge Area Review 318

Project Scope Management Knowledge Area Review 319

Project Time Management Knowledge Area Review 319

Project Cost Management Knowledge Area Review 320

Project Quality Management Knowledge Area Review 321

Project Communications Management Knowledge Area Review 322

Project Risk Management Knowledge Area Review 323

Project Procurement Management Knowledge Area Review 324

Project Stakeholder Management Knowledge Area Review 324

Review Questions 326

Chapter 6 Closing the Project 331

Obtaining Final Acceptance 332

Close Project or Phase 333

Close Procurements 335

Transferring Ownership 337

Obtaining Financial, Legal, and Administrative Closure 337

Formal Project Endings 338

Trends 338

Administrative Closure 339

Distributing the Final Project Report 340

Collating Lessons Learned 341

Archiving Project Documents 341

Measuring Customer Satisfaction 342

Bringing the Processes Together 343

Project Integration Management Knowledge Area Review 344

Project Procurement Management Knowledge Area Review 344

Review Questions 346

Appendix Answers to Review Questions 349

Index 361