PMI PMP STUDENT KEY SHEET Based on PMTI

PMI – PMP STUDENT KEY SHEET Based on PMTI Student Key Sheet Original slide-show tool developed, copyright by Leon Roomberg, and given to PMTI. Please send suggestions for improvements to: Leon Roomberg Lroomberg@yahoo. com / www. roomberg. com May be freely used, adapted, edited, changed, and distributed only if this complete note is included in the resulting product and prominently displayed. www. roomberg. com

Instructions for memorizing the “Student Key Sheet” Mostly electronic: The first five to ten sessions of fifteen minutes practice: Electronic and paper: The last five to ten sessions of fifteen minute practice: 1) Obtain blank sheet of paper (you should start with a large stack of scrap or small note paper – large than 3*5 will be a waste). 2) Go to the next page in this presentation. 3) From memory, predict the display on the next page of the presentation 4) Go forward 1 page. If wrong, say aloud or write down what was missed on a piece of scratch paper three times. 5) Toss paper into trash (or recycle bin). 6) Go back to the beginning of this section on the Student Key Sheet. (You will see that the sheet is divided into less than a dozen sections. ) 7) Repeat directions from 2 above. 1) Obtain blank sheet of paper (you should start with a large stack). 2) Go to the next page in this presentation. 3) From memory, fill out as much of the “Student Key Sheet” as you can remember including the next, not yet displayed page. 4) Go forward 1 page. If wrong, write down what was missed on a piece of scratch paper three times. 5) Toss paper into trash (or recycle bin). 6) Go back to the beginning of this section on the Student Key Sheet. 7) Repeat directions from 2 above. www. roomberg. com

www. roomberg. com

• Earned Value Management (EVM) www. roomberg. com

• Earned Value Management (EVM) • Concepts: Planned Value (PV), Actual Cost (AC), www. roomberg. com

• Earned Value Management (EVM) • Concepts: Planned Value (PV), Actual Cost (AC), • Earned Value (EV), Budget At Completion (BAC) www. roomberg. com

• • Earned Value Management (EVM) Concepts: Planned Value (PV), Actual Cost (AC), Earned Value (EV), Budget At Completion (BAC) Earned Value (EV) = % complete * BAC www. roomberg. com

• • • Earned Value Management (EVM) Concepts: Planned Value (PV), Actual Cost (AC), Earned Value (EV), Budget At Completion (BAC) Earned Value (EV) = % complete * BAC Cost Variance (CV) = EV – AC (>0=good) www. roomberg. com

• • • Earned Value Management (EVM) Concepts: Planned Value (PV), Actual Cost (AC), Earned Value (EV), Budget At Completion (BAC) Earned Value (EV) = % complete * BAC Cost Variance (CV) = EV – AC (>0=good) Schedule Variance (SV) = EV – PV (>0=good) www. roomberg. com

• • Earned Value Management (EVM) Concepts: Planned Value (PV), Actual Cost (AC), Earned Value (EV), Budget At Completion (BAC) Earned Value (EV) = % complete * BAC Cost Variance (CV) = EV – AC (>0=good) Schedule Variance (SV) = EV – PV (>0=good) Cost Performance Index (CPI) = EV / AC (>1=good) www. roomberg. com

• • Earned Value Management (EVM) Concepts: Planned Value (PV), Actual Cost (AC), Earned Value (EV), Budget At Completion (BAC) Earned Value (EV) = % complete * BAC Cost Variance (CV) = EV – AC (>0=good) Schedule Variance (SV) = EV – PV (>0=good) Cost Performance Index (CPI) = EV / AC (>1=good) Schedule Performance Index (SPI) = EV / PV (>1 =good) www. roomberg. com

• • • Earned Value Management (EVM) Concepts: Planned Value (PV), Actual Cost (AC), Earned Value (EV), Budget At Completion (BAC) Earned Value (EV) = % complete * BAC Cost Variance (CV) = EV – AC (>0=good) Schedule Variance (SV) = EV – PV (>0=good) Cost Performance Index (CPI) = EV / AC (>1=good) Schedule Performance Index (SPI) = EV / PV (>1 =good) Estimate at Completion (EAC) = AC / %Comp. , BAC/CPI www. roomberg. com

• • • Earned Value Management (EVM) Concepts: Planned Value (PV), Actual Cost (AC), Earned Value (EV), Budget At Completion (BAC) Earned Value (EV) = % complete * BAC Cost Variance (CV) = EV – AC (>0=good) Schedule Variance (SV) = EV – PV (>0=good) Cost Performance Index (CPI) = EV / AC (>1=good) Schedule Performance Index (SPI) = EV / PV (>1 =good) Estimate at Completion (EAC) = AC / %Comp. , BAC/CPI Estimate to Complete (ETC) = EAC – AC www. roomberg. com

• • • Earned Value Management (EVM) Concepts: Planned Value (PV), Actual Cost (AC), Earned Value (EV), Budget At Completion (BAC) Earned Value (EV) = % complete * BAC Cost Variance (CV) = EV – AC (>0=good) Schedule Variance (SV) = EV – PV (>0=good) Cost Performance Index (CPI) = EV / AC (>1=good) Schedule Performance Index (SPI) = EV / PV (>1 =good) Estimate at Completion (EAC) = AC / %Comp. , BAC/CPI Estimate to Complete (ETC) = EAC – AC Variance At Completion (VAC) = BAC – EAC www. roomberg. com

• Six Sigma calculations www. roomberg. com

• Six Sigma calculations • Normal Distribution • 1 sigma = 68. 26 % www. roomberg. com

• • Six Sigma calculations Normal Distribution 1 sigma = 68. 26 % 2 sigma = 95. 46 % www. roomberg. com

• • • Six Sigma calculations Normal Distribution 1 sigma = 68. 26 % 2 sigma = 95. 46 % 3 sigma = 99. 73 % www. roomberg. com

• • • Six Sigma calculations Normal Distribution 1 sigma = 68. 26 % 2 sigma = 95. 46 % 3 sigma = 99. 73 % 6 sigma = 99. 999% www. roomberg. com

• Present Value: www. roomberg. com

• Present Value: FV • (1+r)n • FV =Future Value; r=Rate of Interest • n= number of time periods www. roomberg. com

• PERT = www. roomberg. com

• PERT= (0+4 M+P) / 6 ; www. roomberg. com

• SD of Activity (SD) = www. roomberg. com

• SD of Activity (SD) = (P-O)/6 www. roomberg. com

• Variance of Activity = [SD]2 = www. roomberg. com

• Variance of Activity = [SD]2 = [(P-O)/6]2 www. roomberg. com

• SD of Project = www. roomberg. com

• SD of Project = √(var 1 + var 2 + …. ) www. roomberg. com

• Project Duration = www. roomberg. com

• Project Duration = Sum of Perts + (# of sigma’s * SD of Project) www. roomberg. com

• Communication Channels www. roomberg. com

• Communication Channels • N(N-1) • 2 www. roomberg. com

• EMV (Expected Monetary Value) = www. roomberg. com

• EMV (Expected Monetary Value) = Impact * Probability www. roomberg. com

• Project Management Process Groups – Highlights www. roomberg. com

• Initiating • www. roomberg. com

• Initiating • - Org. Strategic Plan www. roomberg. com

• Initiating • - Org. Strategic Plan • - Project SOW/Contract www. roomberg. com

• Initiating • - Org. Strategic Plan • - Project SOW/Contract • - Assumptions www. roomberg. com

• Initiating • - Org. Strategic Plan • - Project SOW/Contract • - Assumptions • - Constraints www. roomberg. com

• Initiating • - Org. Strategic Plan • - Project SOW/Contract • - Assumptions • - Constraints • - PM Assigned www. roomberg. com

• Initiating • - Org. Strategic Plan • - Project SOW/Contract • - Assumptions • - Constraints • - PM Assigned • - Project Charter www. roomberg. com

• Initiating • - Org. Strategic Plan • - Project SOW/Contract • - Assumptions • - Constraints • - PM Assigned • - Project Charter • - ROM Cost Est. www. roomberg. com

• Initiating • - Org. Strategic Plan • - Project SOW/Contract • - Assumptions • - Constraints • - PM Assigned • - Project Charter • - ROM Cost Est. • - Broad Scope www. roomberg. com

• Initiating • - Org. Strategic Plan • - Project SOW/Contract • - Assumptions • - Constraints • - PM Assigned • - Project Charter • - ROM Cost Est. • - Broad Scope • - Major Deliverables www. roomberg. com

• Initiating • - Org. Strategic Plan • - Project SOW/Contract • - Assumptions • - Constraints • - PM Assigned • - Project Charter • - ROM Cost Est. • - Broad Scope • - Major Deliverables • - Proj. Boundaries www. roomberg. com

• Initiating • - Org. Strategic Plan • - Project SOW/Contract • - Assumptions • - Constraints • - PM Assigned • - Project Charter • - ROM Cost Est. • - Broad Scope • - Major Deliverables • - Proj. Boundaries • - Acceptance Criteria www. roomberg. com

• Initiating • - Org. Strategic Plan • - Project SOW/Contract • - Assumptions • - Constraints • - PM Assigned • - Project Charter • - ROM Cost Est. • - Broad Scope • - Major Deliverables • - Proj. Boundaries • - Acceptance Criteria • - Prelim. Scope Statement www. roomberg. com

• Planning • (in approx. order) www. roomberg. com

• Planning • (in approx. order) • - Project scope mgmt. plan • www. roomberg. com

• Planning • (in approx. order) • - Project scope mgmt. plan • - Detailed Scope Statement www. roomberg. com

• Planning • (in approx. order) • - Project scope mgmt. plan • - Detailed Scope Statement • - WBS, WBS Dictionary www. roomberg. com

• Planning • (in approx. order) • - Project scope mgmt. plan • - Detailed Scope Statement • - WBS, WBS Dictionary • - Activity Definition www. roomberg. com

• Planning • (in approx. order) • - Project scope mgmt. plan • - Detailed Scope Statement • - WBS, WBS Dictionary • - Activity Definition • - Activity Sequencing www. roomberg. com

• Planning • (in approx. order) • - Project scope mgmt. plan • - Detailed Scope Statement • - WBS, WBS Dictionary • - Activity Definition • - Activity Sequencing • - Activity Resource Req. www. roomberg. com

• Planning • (in approx. order) • - Project scope mgmt. plan • - Detailed Scope Statement • - WBS, WBS Dictionary • - Activity Definition • - Activity Sequencing • - Activity Resource Req. • - Activity Duration Est. www. roomberg. com

• Planning • (in approx. order) • - Project scope mgmt. plan • - Detailed Scope Statement • - WBS, WBS Dictionary • - Activity Definition • - Activity Sequencing • - Activity Resource Req. • - Activity Duration Est. • - Network Diagram www. roomberg. com

• Planning • (in approx. order) • - Project scope mgmt. plan • - Detailed Scope Statement • - WBS, WBS Dictionary • - Activity Definition • - Activity Sequencing • - Activity Resource Req. • - Activity Duration Est. • - Network Diagram • - Risk Identification www. roomberg. com

• Planning • (in approx. order) • - Project scope mgmt. plan • - Detailed Scope Statement • - WBS, WBS Dictionary • - Activity Definition • - Activity Sequencing • - Activity Resource Req. • - Activity Duration Est. • - Network Diagram • - Risk Identification • - Qualitative & quantitative • risk analysis www. roomberg. com

• Planning • (in approx. order) • - Project scope mgmt. plan • - Detailed Scope Statement • - WBS, WBS Dictionary • - Activity Definition • - Activity Sequencing • - Activity Resource Req. • - Activity Duration Est. • - Network Diagram • - Risk Identification • - Qualitative & quantitative • risk analysis • - Risk mgmt. planning www. roomberg. com

• Planning • (in approx. order) • - Project scope mgmt. plan • - Detailed Scope Statement • - WBS, WBS Dictionary • - Activity Definition • - Activity Sequencing • - Activity Resource Req. • - Activity Duration Est. • - Network Diagram • - Risk Identification • - Qualitative & quantitative • risk analysis • - Risk mgmt. planning • - Risk response planning www. roomberg. com

• Planning • (in approx. order) • - Project scope mgmt. plan • - Detailed Scope Statement • - WBS, WBS Dictionary • - Activity Definition • - Activity Sequencing • - Activity Resource Req. • - Activity Duration Est. • - Network Diagram • - Risk Identification • - Qualitative & quantitative • risk analysis • - Risk mgmt. planning • - Risk response planning www. roomberg. com • • - Cost Estimates

• Planning • (in approx. order) • - Project scope mgmt. plan • - Detailed Scope Statement • - WBS, WBS Dictionary • - Activity Definition • - Activity Sequencing • - Activity Resource Req. • - Activity Duration Est. • - Network Diagram • - Risk Identification • - Qualitative & quantitative • risk analysis • - Risk mgmt. planning • - Risk response planning www. roomberg. com • • • - Cost Estimates - Cost Budgeting

• Planning • (in approx. order) • - Project scope mgmt. plan • - Detailed Scope Statement • - WBS, WBS Dictionary • - Activity Definition • - Activity Sequencing • - Activity Resource Req. • - Activity Duration Est. • - Network Diagram • - Risk Identification • - Qualitative & quantitative • risk analysis • - Risk mgmt. planning • - Risk response planning www. roomberg. com • • - Cost Estimates - Cost Budgeting - Schedule Development -

• Planning • (in approx. order) • - Project scope mgmt. plan • - Detailed Scope Statement • - WBS, WBS Dictionary • - Activity Definition • - Activity Sequencing • - Activity Resource Req. • - Activity Duration Est. • - Network Diagram • - Risk Identification • - Qualitative & quantitative • risk analysis • - Risk mgmt. planning • - Risk response planning www. roomberg. com • • • - Cost Estimates - Cost Budgeting - Schedule Development - HR Planning -

• Planning • (in approx. order) • - Project scope mgmt. plan • - Detailed Scope Statement • - WBS, WBS Dictionary • - Activity Definition • - Activity Sequencing • - Activity Resource Req. • - Activity Duration Est. • - Network Diagram • - Risk Identification • - Qualitative & quantitative • risk analysis • - Risk mgmt. planning • - Risk response planning www. roomberg. com • • • - Cost Estimates - Cost Budgeting - Schedule Development - HR Planning - Staffing Mgmt Plan -

• Planning • (in approx. order) • - Project scope mgmt. plan • - Detailed Scope Statement • - WBS, WBS Dictionary • - Activity Definition • - Activity Sequencing • - Activity Resource Req. • - Activity Duration Est. • - Network Diagram • - Risk Identification • - Qualitative & quantitative • risk analysis • - Risk mgmt. planning • - Risk response planning www. roomberg. com • • - Cost Estimates - Cost Budgeting - Schedule Development - HR Planning - Staffing Mgmt Plan - RAM, RBS, OBS -

• Planning • (in approx. order) • - Project scope mgmt. plan • - Detailed Scope Statement • - WBS, WBS Dictionary • - Activity Definition • - Activity Sequencing • - Activity Resource Req. • - Activity Duration Est. • - Network Diagram • - Risk Identification • - Qualitative & quantitative • risk analysis • - Risk mgmt. planning • - Risk response planning www. roomberg. com • • - Cost Estimates - Cost Budgeting - Schedule Development - HR Planning - Staffing Mgmt Plan - RAM, RBS, OBS - Change Control Plan -

• Planning • (in approx. order) • - Project scope mgmt. plan • - Detailed Scope Statement • - WBS, WBS Dictionary • - Activity Definition • - Activity Sequencing • - Activity Resource Req. • - Activity Duration Est. • - Network Diagram • - Risk Identification • - Qualitative & quantitative • risk analysis • - Risk mgmt. planning • - Risk response planning www. roomberg. com • • • - Cost Estimates - Cost Budgeting - Schedule Development - HR Planning - Staffing Mgmt Plan - RAM, RBS, OBS - Change Control Plan - Quality Mgmt Plan

• Planning • (in approx. order) • - Project scope mgmt. plan • - Detailed Scope Statement • - WBS, WBS Dictionary • - Activity Definition • - Activity Sequencing • - Activity Resource Req. • - Activity Duration Est. • - Network Diagram • - Risk Identification • - Qualitative & quantitative • risk analysis • - Risk mgmt. planning • - Risk response planning www. roomberg. com • • • - Cost Estimates - Cost Budgeting - Schedule Development - HR Planning - Staffing Mgmt Plan - RAM, RBS, OBS - Change Control Plan - Quality Mgmt Plan - Communication Plan -

• Planning • (in approx. order) • - Project scope mgmt. plan • - Detailed Scope Statement • - WBS, WBS Dictionary • - Activity Definition • - Activity Sequencing • - Activity Resource Req. • - Activity Duration Est. • - Network Diagram • - Risk Identification • - Qualitative & quantitative • risk analysis • - Risk mgmt. planning • - Risk response planning www. roomberg. com • • • - Cost Estimates - Cost Budgeting - Schedule Development - HR Planning - Staffing Mgmt Plan - RAM, RBS, OBS - Change Control Plan - Quality Mgmt Plan - Communication Plan - Procurement Mgmt. plan -

• Planning • (in approx. order) • - Project scope mgmt. plan • - Detailed Scope Statement • - WBS, WBS Dictionary • - Activity Definition • - Activity Sequencing • - Activity Resource Req. • - Activity Duration Est. • - Network Diagram • - Risk Identification • - Qualitative & quantitative • risk analysis • - Risk mgmt. planning • - Risk response planning www. roomberg. com • • • - Cost Estimates - Cost Budgeting - Schedule Development - HR Planning - Staffing Mgmt Plan - RAM, RBS, OBS - Change Control Plan - Quality Mgmt Plan - Communication Plan - Procurement Mgmt. plan - Process improvements -

• Planning • (in approx. order) • - Project scope mgmt. plan • - Detailed Scope Statement • - WBS, WBS Dictionary • - Activity Definition • - Activity Sequencing • - Activity Resource Req. • - Activity Duration Est. • - Network Diagram • - Risk Identification • - Qualitative & quantitative • risk analysis • - Risk mgmt. planning • - Risk response planning www. roomberg. com • • • - Cost Estimates - Cost Budgeting - Schedule Development - HR Planning - Staffing Mgmt Plan - RAM, RBS, OBS - Change Control Plan - Quality Mgmt Plan - Communication Plan - Procurement Mgmt. plan - Process improvements - Plan Contracting (RFPs)

• Planning • (in approx. order) • - Project scope mgmt. plan • - Detailed Scope Statement • - WBS, WBS Dictionary • - Activity Definition • - Activity Sequencing • - Activity Resource Req. • - Activity Duration Est. • - Network Diagram • - Risk Identification • - Qualitative & quantitative • risk analysis • - Risk mgmt. planning • - Risk response planning www. roomberg. com • • • • - Cost Estimates - Cost Budgeting - Schedule Development - HR Planning - Staffing Mgmt Plan - RAM, RBS, OBS - Change Control Plan - Quality Mgmt Plan - Communication Plan - Procurement Mgmt. plan - Process improvements - Plan Contracting (RFPs) - Finalized Project Plan -

• Planning • (in approx. order) • - Project scope mgmt. plan • - Detailed Scope Statement • - WBS, WBS Dictionary • - Activity Definition • - Activity Sequencing • - Activity Resource Req. • - Activity Duration Est. • - Network Diagram • - Risk Identification • - Qualitative & quantitative • risk analysis • - Risk mgmt. planning • - Risk response planning www. roomberg. com • • • • - Cost Estimates - Cost Budgeting - Schedule Development - HR Planning - Staffing Mgmt Plan - RAM, RBS, OBS - Change Control Plan - Quality Mgmt Plan - Communication Plan - Procurement Mgmt. plan - Process improvements - Plan Contracting (RFPs) - Finalized Project Plan - Kick-Off meeting

• Executing www. roomberg. com

• Executing • - Acquire Project Team • www. roomberg. com

• Executing • - Acquire Project Team • - Receive Proposals from Vendors www. roomberg. com

• Executing • - Acquire Project Team • - Receive Proposals from Vendors • - Select vendor • www. roomberg. com

• Executing • - Acquire Project Team • - Receive Proposals from Vendors • - Select vendor • - Execute Plan • www. roomberg. com

• Executing • - Acquire Project Team • - Receive Proposals from Vendors • - Select vendor • - Execute Plan • - Work Pkg Execution • www. roomberg. com

• Executing • - Acquire Project Team • - Receive Proposals from Vendors • - Select vendor • - Execute Plan • - Work Pkg Execution • - Develop Project Team • - www. roomberg. com

• Executing • - Acquire Project Team • - Receive Proposals from Vendors • - Select vendor • - Execute Plan • - Work Pkg Execution • - Develop Project Team • - Perform Quality Assurance • www. roomberg. com

• Executing • - Acquire Project Team • - Receive Proposals from Vendors • - Select vendor • - Execute Plan • - Work Pkg Execution • - Develop Project Team • - Perform Quality Assurance • - Information Distribution • www. roomberg. com

• Executing • - Acquire Project Team • - Receive Proposals from Vendors • - Select vendor • - Execute Plan • - Work Pkg Execution • - Develop Project Team • - Perform Quality Assurance • - Information Distribution • - Implement • Admin closure procedure www. roomberg. com

• Monitoring and Controlling www. roomberg. com

• Monitoring and Controlling • - Project Performance Report www. roomberg. com

• Monitoring and Controlling • - Project Performance Report • - Performance Appraisals • www. roomberg. com

• Monitoring and Controlling • - Project Performance Report • - Performance Appraisals • - Change Control • www. roomberg. com

• Monitoring and Controlling • - Project Performance Report • - Performance Appraisals • - Change Control • o Scope • www. roomberg. com

• Monitoring and Controlling • - Project Performance Report • - Performance Appraisals • - Change Control • o Scope • o Schedule • www. roomberg. com

• Monitoring and Controlling • - Project Performance Report • - Performance Appraisals • - Change Control • o Scope • o Schedule • o Cost • www. roomberg. com

• Monitoring and Controlling • - Project Performance Report • - Performance Appraisals • - Change Control • o Scope • o Schedule • o Cost • o Quality • www. roomberg. com

• Monitoring and Controlling • - Project Performance Report • - Performance Appraisals • - Change Control • o Scope • o Schedule • o Cost • o Quality • o Risk Monitoring • www. roomberg. com

• Monitoring and Controlling • - Project Performance Report • - Performance Appraisals • - Change Control • o Scope • o Schedule • o Cost • o Quality • o Risk Monitoring • o Contract Admin • www. roomberg. com

• Monitoring and Controlling • - Project Performance Report • - Performance Appraisals • - Change Control • o Scope • o Schedule • o Cost • o Quality • o Risk Monitoring • o Contract Admin • - Scope Verification • - www. roomberg. com

• Monitoring and Controlling • - Project Performance Report • - Performance Appraisals • - Change Control • o Scope • o Schedule • o Cost • o Quality • o Risk Monitoring • o Contract Admin • - Scope Verification • - Manage Team & Stakeholders www. roomberg. com

• Closing • www. roomberg. com

• Closing • - Close Project • www. roomberg. com

• Closing • - Close Project • o Admin. closure procedures • www. roomberg. com

• Closing • - Close Project • o Admin. closure procedures • o Contract closure procedures • www. roomberg. com

• Closing • - Close Project • o Admin. closure procedures • o Contract closure procedures • o Lessons Learned • www. roomberg. com

• Closing • - Close Project • o Admin. closure procedures • o Contract closure procedures • o Lessons Learned • - Contract Closure • www. roomberg. com

• Closing • - Close Project • o Admin. closure procedures • o Contract closure procedures • o Lessons Learned • - Contract Closure • o Open items resolution • www. roomberg. com

• Closing • - Close Project • o Admin. closure procedures • o Contract closure procedures • o Lessons Learned • - Contract Closure • o Open items resolution • o Procurement Audits • www. roomberg. com

• Closing • - Close Project • o Admin. closure procedures • o Contract closure procedures • o Lessons Learned • - Contract Closure • o Open items resolution • o Procurement Audits • o Closed contracts www. roomberg. com

• ----Develop Project team, QA, Risk processes, EVM, QC (Done throughout the project) ---- www. roomberg. com

Earned Value Management (EVM) Concepts: Planned Value (PV), Actual Cost (AC), Earned Value (EV), Budget At Completion (BAC) Earned Value (EV) = % complete * BAC Cost Variance (CV) = EV – AC (>0=good) Schedule Variance (SV) = EV – PV (>0=good) Cost Performance Index (CPI) = EV / AC (>1=good) Schedule Performance Index (SPI) = EV / PV (>1 =good) Estimate at Completion (EAC) = AC / %Comp. , BAC/CPI Estimate to Complete (ETC) = EAC – AC Variance At Completion (VAC) = BAC – EAC Normal Distribution 1 sigma = 68. 26 % 2 sigma = 95. 46 % 3 sigma = 99. 73 % 6 sigma = 99. 999% PERT= (0+4 M+P) / 6 ; PERT Project Duration = Sum of PERTS SD of Activity (SD) = (P-O)/6 Variance of Activity = [SD]2 = [(P-O)/6]2 SD of Project = √(var 1 + var 2 + …. ) Project Duration = Sum of Perts + (# of sigma’s * SD of Project) Present Value: FV (1+r)n FV =Future Value; r=Rate of Interest n= number of time periods EMV (Expected Monetary Value) = Impact * Probability Project Management Process Groups – Highlights Initiating - Org. Strategic Plan - Project SOW/Contract - Assumptions - Constraints - PM Assigned - Project Charter - ROM Cost Est. - Broad Scope - Major Deliverables - Proj. Boundaries - Acceptance Criteria - Prelim. Scope Statement www. roomberg. com Planning (in approx. order) - Project scope mgmt. plan - Detailed Scope Statement - WBS, WBS Dictionary - Activity Definition - Activity Sequencing - Activity Resource Req. - Activity Duration Est. - Network Diagram - Risk Identification - Qualitative & quantitative risk analysis - Risk mgmt. planning - Risk response planning - Cost Estimates - Cost Budgeting - Schedule Development - HR Planning - Staffing Mgmt Plan - RAM, RBS, OBS - Change Control Plan - Quality Mgmt Plan - Communication Plan - Procurement Mgmt. plan - Process improvements - Plan Contracting (RFPs) - Finalized Project Plan - Kick-Off meeting Executing - Acquire Project Team - Receive Proposals from Vendors - Select vendor - Execute Plan - Work Pkg Execution - Develop Project Team - Perform Quality Assurance - Information Distribution - Implement Admin closure procedure ----Develop Project team, QA, Risk processes, EVM, QC (Done throughout the project) ---- Monitoring and Controlling - Project Performance Report - Performance Appraisals - Change Control o Scope o Schedule o Cost o Quality o Risk Monitoring o Contract Admin - Scope Verification - Manage Team & Stakeholders Closing - Close Project o Admin. closure procedures o Contract closure procedures o Lessons Learned - Contract Closure o Open items resolution o Procurement Audits o Closed contracts

END – d! • Please send suggestions for improvements to: – Leon Roomberg Lroomberg@yahoo. com / www. roomberg. com • Developed for PMTI & copyright by Leon Roomberg. • May be freely used and distributed only if this note is included in the resulting product www. roomberg. com