PMP Certification - Project Planning & Execution Flashcards

Question 1

Key Outputs for "Direct and Manage Project Work"

Accepted Answer

Deliverables, Work Performance Data, Change Requests, Project Document Updates, OPA Updates.

Question 2

What is the primary purpose of Project Planning in PMP?

Accepted Answer

Project Planning defines the project's objectives, scope, and the course of action required to attain the objectives. It involves developing the Project Management Plan and its subsidiary plans.

Question 3

What is Project Execution in PMP?

Accepted Answer

Project Execution is the process of carrying out the work defined in the Project Management Plan to achieve the project's objectives. It involves coordinating people and resources, integrating and performing the activities of the project.

Question 4

What is the Project Management Plan (PMP)?

Accepted Answer

The Project Management Plan is a formal, approved document that defines how the project is executed, monitored, controlled, and closed. It integrates all subsidiary plans and baselines.

Question 5

Key Inputs for "Develop Project Management Plan"

Accepted Answer

Project Charter, Outputs from other processes (e.g., scope baseline, risk register), Enterprise Environmental Factors (EEFs), Organizational Process Assets (OPAs).

Question 6

Key Tools & Techniques for "Develop Project Management Plan"

Accepted Answer

Expert Judgment, Data Gathering (e.g., brainstorming, focus groups, interviews), Interpersonal and Team Skills (e.g., conflict management, facilitation, meeting management), Meetings.

Question 7

Key Output for "Develop Project Management Plan"

Accepted Answer

The Project Management Plan.

Question 8

Key Inputs for "Direct and Manage Project Work"

Accepted Answer

Project Management Plan, Project Documents (e.g., approved change requests), Enterprise Environmental Factors (EEFs), Organizational Process Assets (OPAs).

Question 9

Key Tools & Techniques for "Direct and Manage Project Work"

Accepted Answer

Expert Judgment, Project Management Information System (PMIS), Meetings.

Question 10

Key Inputs for "Manage Communications"

Accepted Answer

Project Management Plan (Communications Management Plan), Project Documents (e.g., stakeholder register, work performance reports), Enterprise Environmental Factors (EEFs), Organizational Process Assets (OPAs).

Question 11

Key Tools & Techniques for "Manage Communications"

Accepted Answer

Communication Technology, Communication Methods (e.g., interactive, push, pull), Communication Skills (e.g., active listening, feedback), Project Reporting, Interpersonal and Team Skills, Meetings.

Question 12

Key Outputs for "Manage Communications"

Accepted Answer

Project Communications, Project Document Updates, OPA Updates.

Question 13

What is a Work Breakdown Structure (WBS)?

Accepted Answer

A WBS is a hierarchical decomposition of the total scope of work to be carried out by the project team to accomplish project objectives and create the required deliverables. It organizes and defines the total scope of the project.

Question 14

What is the Critical Path Method (CPM)?

Accepted Answer

CPM is a schedule network analysis technique used to determine the amount of scheduling flexibility on the logical network paths within the schedule model, and to determine the minimum project duration. The critical path is the longest path through the project network diagram.

Question 15

Define Earned Value (EV) in EVM.

Accepted Answer

EV is the value of the work performed to date, expressed in terms of the approved budget assigned to that work. It is the budgeted cost of the work performed (BCWP).
$EV = \% 	ext{ Complete} 	imes 	ext{BAC (Budget at Completion)}$

Question 16

Define Planned Value (PV) in EVM.

Accepted Answer

PV is the authorized budget assigned to the work to be accomplished for an activity or WBS component. It is the budgeted cost of the work scheduled (BCWS).
$PV = 	ext{Planned \% Complete} 	imes 	ext{BAC}$

Question 17

Define Actual Cost (AC) in EVM.

Accepted Answer

AC is the total cost incurred for the work performed on an activity or WBS component to date. It is the actual cost of the work performed (ACWP).

Question 18

Formula for Cost Variance (CV) and its interpretation.

Accepted Answer

CV measures the budget deficit or surplus at a given point in time.
$CV = EV - AC$
If $CV > 0$, the project is under budget.
If $CV < 0$, the project is over budget.
If $CV = 0$, the project is on budget.

Question 19

Formula for Schedule Variance (SV) and its interpretation.

Accepted Answer

SV measures the schedule performance of a project.
$SV = EV - PV$
If $SV > 0$, the project is ahead of schedule.
If $SV < 0$, the project is behind schedule.
If $SV = 0$, the project is on schedule.

Question 20

Formula for Cost Performance Index (CPI) and its interpretation.

Accepted Answer

CPI measures the cost efficiency of the budgeted resources.
$CPI = EV / AC$
If $CPI > 1$, the project is under budget (performing well).
If $CPI < 1$, the project is over budget (performing poorly).
If $CPI = 1$, the project is on budget.

Question 21

Formula for Schedule Performance Index (SPI) and its interpretation.

Accepted Answer

SPI measures the schedule efficiency of the project.
$SPI = EV / PV$
If $SPI > 1$, the project is ahead of schedule (performing well).
If $SPI < 1$, the project is behind schedule (performing poorly).
If $SPI = 1$, the project is on schedule.

Question 22

What is the purpose of Work Performance Data?

Accepted Answer

Work Performance Data are the raw observations and measurements identified during activities performed to carry out the project work. Examples include actual start/finish dates, actual costs, percent complete, and technical performance measures.

Question 23

What is the purpose of Work Performance Information?

Accepted Answer

Work Performance Information is the performance data collected from various controlling processes, analyzed in context, and integrated based on relationships across areas. Examples include status of deliverables, forecast estimates to complete, and variance analysis.

Question 24

What is the purpose of Work Performance Reports?

Accepted Answer

Work Performance Reports are the physical or electronic representation of work performance information compiled in project documents, intended to generate decisions or raise issues, actions, or awareness. Examples include status reports, progress reports, and earned value reports.

PMP Certification - Project Planning & Execution

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