How much more money we need? Which of the following BEST describes how this affects the project? For Schedule related equation there is PV and AC for cost related Tools and Techniques Earned Value Management (EVM) www.ReadytoTrainMaterials.com 84 Control Costs- Tools and Techniques: Forecasting Using the earned value analysis, team can now forecast the project performance. COURSE Task L is being done by a hard-to-get resource.
If CPI falls below TCPI baseline, remaining works will not be completed with available funds. The designation is recognized across the world and at the same time offered by the Project Management Institute. Pmbok ® Guide – Sixth Edition And Agile Practice Guide Were PPT. www.ReadytoTrainMaterials.com 73 Exercise: Exercise Q2. Organizational breakdown structure (OBS). To prevent users from facing this, Use HTTPS option. Performance. PMP slides based on PMBOK 6th edition. © 2014 authorSTREAM. Do you have no clue or minimal knowledge about PMP exam prep?
Projects Drive Change: Projects Drive Change Projects drive change in organizations. APIdays Paris 2019 - Innovation @ scale, APIs as Digital Factories' New Machi... Mammalian Brain Chemistry Explains Everything. PREPARATION Schlotzsky's, 2709 W Walnut St, Rogers, AR 72756. www.ReadytoTrainMaterials.com 69 Develop Schedule-Outputs: Develop Schedule-Outputs Schedule Network Analysis Schedule network analysis is a technique that generates the project schedule. Download Let's Connect. Control Costs- Tools and Techniques www.ReadytoTrainMaterials.com 85 Control Costs- Tools and Techniques: EAC can be calculated by: There will be no variation for remaining work and will progress as planned before ETC = BAC – EV & that means EAC = AC + ETC (BAC-EV) The changes project experience will continue to occur for remaining work. No registration required. It reviews all requests for changes or modifications to project documents, deliverables, baselines, or the project management plan and approves or rejects the changes. What is the CPI? Embed:
www.ReadytoTrainMaterials.com 71 Sample of Questions: Sample of Questions www.ReadytoTrainMaterials.com 72 Exercise: Exercise Q1. PMBOK, or the Project Management Body of Knowledge, is a collection of standards, best practices, and procedures for planning and executing on projects successfully. View Slides PMBOK 6th Edition - Week 05.ppt from OPMT 1187 at British Columbia Institute of Technology. PMBOK 6th Edition training slides. Part 2. www.ReadytoTrainMaterials.com 53 Change Log: Change Log A change log is used to document changes that occur during a project. Training Slides Our PMP Exam Master Prep training slides are aligned to the PMBOK ® Guide 6th Edition. B. All change control board decisions are documented and communicated to the stakeholders for information and follow up actions. It employs a schedule model and various analytical techniques, such as critical path method, critical chain method, what-if analysis, and resource levelling to calculate the early and late start and finish dates for the uncompleted portions of project activities. BONUS: Live Training Recordings Part 1. D. 5 2/3 days. Exercise www.ReadytoTrainMaterials.com 76 Exercise: You are the project manager for a project with the following network diagram. ... A Guide to the Project Management Body of Knowledge Pmbok Guide + Praxisleitf... $74.71. Cost Management. This article provides tips for creating PowerPoint presentations that are clear, professional, and engaging. I prepared this for the first time in 1998 when I was studying for the PMP Exam from PMI, including how to read the ITTO for the 49 processes correctly. www.ReadytoTrainMaterials.com 16 Programs and Portfolio: Programs and Portfolio A program is defined as a group of related projects, subprograms, and program activities managed in a coordinated way to obtain benefits not available from managing them individually. The training and certification are based on a Guide to the Project Management Body of Knowledge, (PMBOK® Guide 6th Edition) | PowerPoint PPT presentation | free to view project management training (1) - PMP® – Project Management Professional is a credential managed by Project Management Institute, USA (PMI)®. www.nwapmi.org. Jungle Book 2016 Pmp Exam Project Management Beams Study Education Studying Educational Illustrations Learning. iPad
Presentation Summary : PMBOK ® Guide – Sixth Edition and Agile Practice Guide were created to complement each other. www.ReadytoTrainMaterials.com 49 Perform Integrated Change Control: Perform Integrated Change Control Process of reviewing all change requests; approving changes and managing changes to deliverables, organizational process assets, and the project management plan; and communicating their disposition. PMP Exam Prep for PMP trainers based on PMBOK 6th guide , project management professi. The training and certification are based on the Guide to the Project Management Body of Knowledge, (PMBOK® Guide 6th Edition). human behavior. Project manager has the authority to approve or reject the change requests, when required, it will be the responsibilities of Change Control Board ( CCB). or Contact PMI … OPMT 1187 Project Management Essentials Class # … Based o PMBOK Guide®, 6th Edition www.ReadytoTrainMaterials.com 119 Legal Contractual Relationships: Legal Contractual Relationships Purchase Order. Time and Material (T&M) or Unit Price www.ReadytoTrainMaterials.com 120 Legal Contractual Relationships: Contract Types: Contract is a mutually binding legal agreement that obligates the seller to provide the specified products, services or results, and obligates the buyer to compensate the seller. Using the following project status chart, calculate PV,EV,AC,BAC,CV,CPI,SV,SPI,EAC,BTC,VAC. Location. characteristics or traits Authentic Courteous Creative Cultural Emotional Intellectual Managerial Political Service-oriented Social Systemic www.ReadytoTrainMaterials.com 43 Integration and Complexity: Integration and Complexity Three dimensions of complexity: System behavior. Ownership.
$200k Planned Value (PV) As of today, what is the estimated value of work planned to be done? The exposure draft is open for comment to any members of the public with an interest in project management until July 26, 5:00pm EDT. Use our proven approach! Cost management is basically managing project funding. The body of knowledge evolves over time and is presented in A Guide to the Project Management Body of Knowledge (the Guide to the PMBOK or the Guide), a book whose sixth edition was released in 2017. (seller profit). Normally, the CCB operates closely with the project’s sponsor, customers, and other key stakeholders. www.ReadytoTrainMaterials.com 39 2 Leadership Skills: Leadership Skills Dealing with People Qualities and SKILLS of a Leader (Being a visionary, Being optimistic and positive, Being collaborative, Managing relationships and conflict, Communicating Politics, Power, and Getting Things done www.ReadytoTrainMaterials.com 40 3 Comparison of Leadership and Management: Comparison of Leadership and Management www.ReadytoTrainMaterials.com 41 Leadership Styles: Leadership Styles www.ReadytoTrainMaterials.com 42 Personality: Personality Personality refers to the individual differences in characteristic patterns of thinking, feeling, and behaving. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. www.ReadytoTrainMaterials.com 52 Perform Integrated Change Control – Tools &Techniques: Perform Integrated Change Control – Tools &Techniques Change Control Meetings A change control board is responsible for meeting and reviewing the change requests and approving or rejecting those change requests . : A unique result, such as an outcome or document (e.g., research project that develops knowledge that can be used to determine whether a trend exists or new process will benefit society); and A unique combination of one or more products, services, or results (e.g., a software application, its associated documentation , and help desk services). Estimate at Completion (EAC)=BAC/CPI What do we currently expect the total project cost(a forecast)? Part 2. It is critical for project success to identify the stakeholders early in the project or phase and to analyze their levels of interest, their individual expectations, as well as their importance and influence.
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C. Cost. Amazon.com: PMP Exam Prep 6th ed. Control Costs- Tools and Techniques www.ReadytoTrainMaterials.com 96 Control Costs- Tools and Techniques: Examples A project has the following Earned value data assessed: AC: $ 4,000,000 CV: $ -500,000 SPI: 1.12 BAC: $ 9,650,000 What is the Earned value of the project? Project Procurement Management– Tools & Techniques www.ReadytoTrainMaterials.com 125 Project Procurement Management– Tools & Techniques : Cost plus Fixed Fee (CPFF): In this type, the buyer pays all costs, but the fee (or profit) is fixed at a specific amount. Customize Embed, Thumbnail:
What is the Estimate at Complete for your project? From a business perspective, a project is aimed at moving an organization from one state to another state in order to achieve a specific objective www.ReadytoTrainMaterials.com 9 Projects Enable Business Value Creation: Projects Enable Business Value Creation value is the net quantifiable benefit derived from a business endeavor. Estimate to Complete (ETC)=EAC-AC From this point on, how much MORE do we expect it to cost to finish the project (a forecast) Variance at Completion (VAC)=BAC-EAC As of today how much over or under budget do we expect to be at the end of the project? www.ReadytoTrainMaterials.com 122 Project Procurement Management– Tools & Techniques: Contract Types : Project Procurement Management– Tools & Techniques: Contract Types Fixed Price Contract-lump sum: setting a total fixed price for a defined product or services Fixed Price Incentive Fee Contracts (FPIF): some flexibility in deviation from performance with financial incentives with price ceiling, Contract =1,100,000. Acces PDF Pmbok 4th Edition Powerpoint Slides PMBOK 5th Edition . POWERFUL POWERPOINT TRAINING SLIDE.
Costing is based on WBS and controlled by Control Accounts Costing shall be ideally done by a team who perform the work Padding is not a good practice www.ReadytoTrainMaterials.com 81 Slide82: Slides from 251-262 are not shown in the free sample www.ReadytoTrainMaterials.com 82 Tools and Techniques Earned Value Management (EVM): Actual Cost (AC) It indicates the actual money that has been spent for work that has been completed. Project Management & Training Projects for $30 - $250. www.ReadytoTrainMaterials.com 17 Slide18: Project, Program, Portfolio Project E www.ReadytoTrainMaterials.com 18 Comparative Overview of Portfolios, Programs, and Projects: Comparative Overview of Portfolios, Programs, and Projects 19 Portfolios, Programs, and Projects: Portfolios, Programs, and Projects Portfolio management aligns portfolios with organizational strategies by selecting the right programs or projects, prioritizing the work, and providing the needed resources . What is the TCPI? Together these two publications are a powerful tool that enable Personal: Decision Maker, Integrity and Honesty, leadership, Negotiation, communication. Control Costs- Tools and Techniques www.ReadytoTrainMaterials.com 93 Control Costs- Tools and Techniques: To Complete Performance Index (TCPI) Control Costs- Tools and Techniques www.ReadytoTrainMaterials.com 94 Control Costs- Tools and Techniques: TCPI (based on original estimate or forecasted budget) will set a new baseline for performance efficiency to be achieved to complete the works with funds remaining. The PMBOK ® Guide – Sixth Edition and Agile Practice Guide were created to complement each other. Copy, PMP Exam Prep for PMP trainers based on PMBOK 6th guide , project management professi, Project Management Professional (PMP) Exam Preparation: Project Management Professional (PMP) Exam Preparation (Based on Guide to PMBOK 6th Edition ) www.ReadytoTrainMaterials.com 1 Developed by 4 of our PMP Trainers and Experts Covered the latest PMBOK edition 6 2018 PMP Materials in the Course: PMP Materials in the Course www.ReadytoTrainMaterials.com 3 Slide4: (Based on Guide to PMBOK 6th Edition) Chapter One: Chapter One Introduction www.ReadytoTrainMaterials.com 5 What is a Project ? : Fulfillment of project objectives may produce one or more of the following deliverables: A unique product that can be either a component of another item, an enhancement or correction to an item, or a new end item in itself (e.g., the correction of a defect in an end item); A unique service or a capability to perform a service (e.g., a business function that supports or distribution); www.ReadytoTrainMaterials.com 7 What is a Project? You do not have the permission to view this presentation. TCPI value <1 means in future lesser work need to be achieved for every dollar spent compared to past performance. Part 4.
Instructors get the PowerPoint (pptx) files and your students get the.pdf files. The interdependencies of components and systems. www.ReadytoTrainMaterials.com 54 Manage Project Knowledge: Manage Project Knowledge Manage Project Knowledge is the process of using existing knowledge and creating new knowledge to achieve the project’s objectives and contribute to organizational learning The lessons learned register can include the category and description of the situation. PMI Bluegrass Chapter Meeting. Exercise www.ReadytoTrainMaterials.com 75 Exercise: Q4. NOTICE Hello, This is ASHRAF OSMAN from Sudan, I'm MBA & PMP holder and trainer as well. End of 2nd week 3 stages were completed and contractor has spend 1700. The new PMBOK ® Guide will feature several significant content enhancements, including: The areas covered are compilation of all the slides I've used to teach the PMP. Most web browsers block content or generate a “mixed content” warning when users access web pages via HTTPS that contain embedded content loaded via HTTP. March, 2018. The box is six sided, each side is to take one day to build and is budgeted for $1000 per side. Tailor both traditional and agile tools, techniques, and methods for each project. Effective use of common techniques identified in organizational theory can shorten the amount of time, cost, and effort needed to create the Plan Resource Management process outputs and improve planning efficiency. Part 3. It increases the project risk. In your project, there have been several changes in the cost and schedule estimates and the original estimating assumptions are no longer valid. PMBOK 5th Edition .
PM must be involved in the creation of the contracts. Your reputation is based on your students’ success. Copy, Automatically changes to Flash or non-Flash embed, WordPress Embed
The responsibilities of the CCB will have been documented, and agreed to by the stakeholders, customers, and project team. MBA, PMP What is a Project? Exam Preparation (Based on Guide to PMBOK 6th Edition ) www.ReadytoTrainMaterials.com 1 Developed by 4 of our PMP Trainers and Experts Covered the latest PMBOK edition 6 2018 . Control includes determining corrective or preventive actions or re-planning and following up on action plans. Under the umbrella of … Once approved through integrative change control process, EAC will superseded BAC and cost baselines will be revised.
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