Project closeout should be performed when the project ends, when a phase of a project ends, or
when a project is killed or canceled. The Closing process group is the most often skipped on
projects because project managers and team members are anxi
I. Controlling Quality
A. Quality Control the process of reviewing project results and determining whether
they comply with the standards documented in the quality management plan and making any
appropriate changes to remove the causes of unacceptable qua
Quick Facts and 42 PM Process from the appendix C,
Project Management On Track from Start to Finish, Joseph
The 42 Project Management Processes
Youll need to be familiar with the 42 project management processes and what each process
REMEMBER: PEOPLE ARE A RESOURCE!
I. Forming and Developing the Project Team
1. Forming The beginning stage of team formation, when all the members are brought
together, introduced, and told the objectives of the project. This is where team members learn
1. A project with a total budget of $110,000 is in the ninth month and has an earned value of $70,000 and
actual costs of $80,000. The project's cost variance is:
In the question above is the project ove
Fearless Formulas Cohort Notes
MAIN THINGS TO KNOW:
EV (Earned Value) or Budgeted Cost Work Performed:
MEANS how much WORK ACCOMPLISHED on a project. It is a performance
PV (Planned Value) or Budget Cost Work Scheduled:
I. Implementing Change Control Systems Change control systems are documented procedures
that describe how the deliverables of the project are controlled, changed, and approved.
A. Corrective Actions Corrective actions bring the work of the project into al
I. Cost Estimating The process of estimating what you will spend on all your project resources.
The cost estimates are the input for developing the project budget. Cost estimates will be
communicated to the project stakeholders.
1. Analogous Estimating (T
Which of the following are risk responses? (Select TWO)
E. Work around
When handling multiple changes on a project, which of the following would be the BEST format in
which to inform
I. Communications Planning The process of identifying what people or groups need to receive
information regarding your project, what information each group needs, and how the information
will be distributed. The communication system should monitor the pro
I. Defining Activities According to industry standards, activities are not included on a WBS.
1. Activity Sequencing The process of identifying dependency relationships between
project activities and sequencing them in proper order. First you need to iden
I. Documenting the Scope Management Plan
1. Scope Management Plan Describes how the project team will define project scope,
verify the work of the project, and manage and control scope. The project scope management
plan should contain the following elemen
I. The Study Process
1. Measure where you are, based on previous project management experience.
2. Create a study plan (Word with the course mentor on thiswe are here to help).
A. Take post-assessment first.
B. After you are done, take po
I. Project Life Cycle Most projects are divided into phases that consist at a minimum of a
beginning phase, middle phase, and ending phase. These phases are typically segments of work
that allow you to more efficiently manage, plan, and control the work o