PMP STUDY NOTES
PMP: Types of Cost Estimate
There are 3 types of Cost Estimate: 1. Rough order of magnitude: -25% to +75% Done during Initiation phase 2.
XEM THÊMPMP: Sigma Level
Sigma Level a.k.a. Standard Deviation On a standard bell curve, +/- one standard deviation is referred to as one sigma.
XEM THÊMPMP: Three-point Estimates
Formula: (O + ML+P)/3
XEM THÊMPMP: PERT Estimates
PERT: Program Evaluation and Review Technique Also called Beta Distribution Formula: PERT = (O + (4xML)+P)/6
XEM THÊMPMP: Types of Cost Estimate
There are 3 types of Cost Estimate: 1. Rough order of magnitude: -25% to +75% Done during Initiation phase 2.
XEM THÊMPMP: Types of Cost
There are 4 types of Cost: Direct Cost Indirect Cost Variable Cost Fixed Cost
XEM THÊMPMP: Code of Ethics and Professional Conduct
4 values that drive ethical conduct for the project management profession: Honesty Responsibility Respect Fairness
XEM THÊMPMP: Six types of questions
ITTO based questions Definition based questions Situation based question Formula based questions Interpretational questions Questions on Professional and Social Responsibility
XEM THÊMPMP: 49 Project Management Processes
Project Management Process Groups KNOWLEDGE AREA Initiating – 2 Planning – 24 Executing – 10 Monitoring & Controlling – 12
XEM THÊM