Wednesday, October 17, 2012

PMP Points-1

1. Portfolio - A collection of projects or programs and other work that are grouped 
together to facilitate effective management of that work to meet strategic business 
objectives.  

The projects or programs of the portfolio may not necessarily be interdependent
or directly related.

2. RBS is part of Risk Management Plan

3. A specific version of the time-phased budget used to compare actual expenditures 
to planned expenditures to determine if preventive or corrective action is needed to meet the
project objectives.

4.  Design of Experiments (DOE) is a statistical method for identifying which factors may 
influence specific variables of a product or process under development or in production.

During Plan Quality DOE is used to determine the number and type of tests and their impact on
cost of quality.

It provides a statistical framework for systematically changing all of the important factors, rather 
than changing the factors one at a time.

Automotive designers use this technique to determine which combination of suspension and 
tires will produce the most desirable ride characterestics at a reasonable cost.

5. Roles and Responsibilities Matrix is defined in Human Resource Management Plan, which in 
turn is defined in Project Management Plan.  Project Management Plan is an input to Acquire
Project Team.

6. Process Analysis will help analyze the root cause, study the problem and improve the 
processes.  Process Analysis is a tool in PQA.

7. Effective information distribution includes 

  •   Sender-receiver models
  • Choice of media
  • Writing Style - Active versus passive voice, sentence structure and word choice
  • Meeting Management techniques - Preparing an agenda and dealing with conflicts
  • Presentation techniques - Body language and design of visual aids.
  • Facilitation techniques - Building Consensus and overcoming obstacles
8. Plan Quality: Tools and Techniques
    Cost-Benefit Analysis - Benefits of meeting quality requirements include less rework, higher
productivity, lower costs and increased shareholder satisfaction.

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