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For questions related to the Guide to the Project Management Body of Knowledge (PMBoK Guide).

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1 answer
117 views

Planned Value (PV): why amount of work is spread evenly on timeline?

I have a basic confusion on Planned value calculation. Example: BAC* : 1000 Time: 4 weeks after 2nd week, PV** should be 500 However, in my opinion, this sometimes does not hold true in an actual ...
0 votes
3 answers
524 views

PMBoK vs The Standard for Project Management

Project Management Body of Knowledge (PMBoK) is a collection of often-used practices for project management. A project manager doesn't have to use all of them. An organization is supposed to adapt ...
0 votes
2 answers
241 views

I don't understand how the initiating process group works [example given]

I am wondering which initiating group processes are occurring in the example given here [IT PM 9E] "Initiating processes take place during each phase of a project. For example, in the close-out ...
1 vote
1 answer
233 views

What is the difference between "active listening" and the "sender-receiver model"?

I don't quite understand the difference between active listening and the sender-receiver model. active listening: The message receiver restates what’s been said to fully understand and confirm the ...
0 votes
1 answer
115 views

Example of change management approach in PMBOK

I'm reading the book OnHome - A Project Manager book of Forms, which provide forms of document in PMBOK. But I'm stuck at understanding this part called Change management approach. It said "...
1 vote
1 answer
256 views

After which PMBoK process do we sign a contract?

PMBoK begins with developing a Project Charter, then proceeds with stakeholders identification, collecting requirements, etc. Below is the excerpts from PMBoK's 4.1 Develop Project Charter: The ...
0 votes
4 answers
131 views

The relation between a project and a contract

Let's suppose we're talking about companies that perform some work for customers. This work is usually considered to be a project and is done on a contract basis. It's natural to assume that any ...
1 vote
2 answers
194 views

Financial indicators of a project and a project manager's efficiency

A project manager's responsibility is to lead a project to a successful completion, which includes finishing the project on time, a happy customer, a proud team, etc. But it also includes financial ...
0 votes
2 answers
751 views

Difference between: Change control system, change control tools, configuration management plan, configuration management system

I'm studying for the PMP exam and I have some understanding what these objects are and what the differences between them are. Can someone explain, maybe with some examples? Thanks. Change Control ...
0 votes
3 answers
110 views

Pricing risks when developing a project's budget

During the initiation and planning a project how much do we add to the project's budget in order to take into account discovered risks? And how much should we raise the price of the project for a ...
0 votes
3 answers
137 views

Does PMBoK say that a project manager should resist any change to the approved plans?

How flexible is PMBoK with regard to changes? Does PMBoK say that a project manager should resist any chage to the approved plans? Or does it encourages changes? For example - one book (explaining the ...
2 votes
2 answers
326 views

Change management in small fixed-price projects

I guess it's not common in small projects to develop a change management plan, so... What do managers of small fixed-price projects do when a customer demands a change? How is it resolved whether ...
8 votes
6 answers
2k views

What are the main reasons Scrum doesn't admit managers?

How can I explain the fact we aren't gonna manage the team to a customer? The customer will ask why is not-managing better than managing? Scrum introduces self-organizing teams. Why doesn't Scrum ...
2 votes
2 answers
95 views

If PMBoK isn't itself a methodology, then what are the methodologies compatible with the PMI's standard for project management?

If PMBoK isn't itself a methodology, then what are the methodologies compatible with the PMI's standard for project management? One example is Waterfall. Are there any other examples?
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3 answers
457 views

What contract type to use when the scope is largely defined (but NOT completely)?

The fixed-price contract is generally used when the scope of the project is clearly defined. The T&M contract is generally used when the scope of the project can't be clearly defined (a customer ...
0 votes
5 answers
129 views

In PMBoK, what do we do when we understand that a project can't be completed on time?

Let's consider a software development project. Let's further suppose that in the middle of the project it becomes clear that it can't be completed on time due to an extra work that couldn't be ...
1 vote
5 answers
164 views

How a software development contract is concluded?

Let's suppose a customer wants to create a software product and there is a software development company that is able to develop this product. They need to create a contract. But both sides has their ...
2 votes
2 answers
2k views

Does Project Charter change when the Project manager changes?

What if the project manager changes all of a sudden during the project at any phase (Due to resignation / Personal reasons / Accident). Does the Project charter also change with it? If so, Who does ...
0 votes
2 answers
320 views

Does the current PMP exam ask about human motivational theory?

I have already completed my class for the 35 hours of coursework, and am working through my second full read through the PMBOK 5th edition. I have also been looking online for test prep exams and ...
1 vote
3 answers
618 views

What to do when no more financing is available for a project in PMI

I wonder what would be the formal procedure and step according to PMI when you realize that your project ran out of money and no more financing from client is available? I think no other alternative ...
2 votes
3 answers
7k views

Difference between Project Phase and Sub Project (PMBOK)

Reading the PMBOK I noticed that they almost never use the term Sub Project. Using the PMBOK terminology is a project phase the same as a sub project?
9 votes
4 answers
414 views

Is the PM's required knowledge in agile environment changing nowadays?

We see software developers these days that do not know what does it mean not to use TDD or other practices of XP, project leaders that never worked in a non-agile environment, etc. These people don't ...
1 vote
1 answer
110 views

Is "rolling-wave planning" catered for in PRINCE2?

I am struggling to bridge my PMBOK knowledge with a colleague that follows PRINCE2. I wonder if someone could help me understand whether PRINCE2 has the concept of "rolling-wave planning". From:...
0 votes
1 answer
5k views

What is the difference between a project manager and a principal agent in construction

What is the difference Between a project manager and a principal agent in construction. Is there a difference in the challenges experienced on construction projects (eg cost and time overruns) by a ...
3 votes
4 answers
218 views

When a new standard is about to be released for a PM certification, should I take the current version or wait for the next?

From a project management perspective, Which is more advisable? To go for a certification right away (currently, the PMP with PMBOK n-1) To Wait for the rollout of the next standard (like PMBOK n [...
-1 votes
2 answers
411 views

How long will be 5th edition of PMBOK be basis for PMP certification

As far as I know the PMBBOK 5th edition will be soon be replaced by a new edition. When it is expected that the content of the 6th edition is mandatory for PMP certification?
5 votes
5 answers
19k views

Can someone explain the Requirements Traceability Matrix purpose?

So I was taking a sample scope management test online, and Question #9 stumped me -- the question on the traceability matrix. Can someone please explain why b is better than c? Below is the direct ...
1 vote
2 answers
2k views

What are defintions of Work Performance Data, Work Performance Information & Work Performance Reports, and their differences?

For the PMBOK 5th Edition. Using following books for reference: - Head First PMP 3rd Edition, Jennifer Greene, PMP & Andrew Stellman, PMP - PMP Project Management Professional Exam Study Guide, ...
2 votes
1 answer
507 views

How to manage cost of change / impact analysis with no funding?

The PMBOK® Guide recommends that when a scope change request is submitted, an impact analysis is performed to assess how the change could affect the overall project. How does this work affect the ...
-1 votes
1 answer
107 views

Ensuring customer requirements are clear [closed]

As a new Project Manager what techniques and tactics exist to ensure the requirements of the project are as clear as possible and consensus is achieved about the delivery outcome. In this context I ...
5 votes
6 answers
9k views

Do project managers use RAID Logs?

Project management theorists discuss the importance of the RAID log (Risks, Assumptions, Issues, Dependencies). I have found in software development there is commonly the Issues log (which is ...
0 votes
1 answer
163 views

Logical Loop: PMBOK 5th Ed

I am hoping someone can clear up my misunderstanding of the sequence for developing a project plan according to PMBOK 5th Ed. We see that creating a project plan inputs into it's subsidiary plans (...
2 votes
1 answer
4k views

How do you calculate extra costs incurred if a project overruns its schedule?

If a project doesn't meet its planned schedule, how do you calculate any losses per day incurred? Is there a graphing function in MS Project that I can use to depict losses per day?
0 votes
1 answer
703 views

Can I use the PMP Exam book to prep for a CAPM exam? [closed]

I purchased Rita Mulcahy's PMP Exam Prep(8th Edition) and I have already finished the first eight chapters. However, I have realised that this book is only for experienced PMP attendants not for CAPM. ...
0 votes
2 answers
284 views

How can a given project have SPI lower than 1 and still be on schedule?

According to PMBOK, SPI>1 means ahead of schedule, SPI=1 means on schedule, and SPI<1 means behind schedule. But I was looking on some projects on the Internet and they were indeed on schedule, but ...
3 votes
3 answers
739 views

Real world differences between Portfolio and Program

Can I have a have a project without having a portfolio? This issue has been slightly touched on in the above link but I am hoping the collective expertise of this community could expand it. I have ...
2 votes
2 answers
2k views

Things to consider before Project Initiation

What are the things to consider before project initiation. I believe a lot goes on before the charter can be produced and PMBOk 5 is a bit silent on that point.
4 votes
2 answers
3k views

What does it mean to 'crash a project'?

'Crash the project' is a term is used frequently in PMP materials. What does it mean exactly? How is it related to 'compressing the schedule', if at all?
2 votes
2 answers
1k views

In what ways does a project charter differ from a project scope?

Under PMBOK methodology, how would you explain the difference between a 'project charter' and a 'project scope' to a stakeholder unfamiliar with the PM process?
0 votes
1 answer
71 views

Which frameworks can be used with PMBoK?

Which frameworks can be used with PMBoK? Which frameworks are related with PMBoK?
2 votes
3 answers
546 views

Does the "Plan Scope Management Process" contain many sub-processes?

The PMBOK 5th edition has 24 processes for the Planning Process Group. For the Knowledge Area of "Project Scope Management," we have the following: Plan Scope Management Process Collect Requirements ...
4 votes
1 answer
8k views

( PMBOK 5th Edition ) What is difference between Quality Audit and Process Analysis?

For the PMBOK 5th Edition. 2 of the Perform Quality Assurance Tools & Techniques are -Quality Audit -Process Analysis ( Pgs 438-439, Head First PMP 3rd Edition, Jennifer Greene, PMP & ...
1 vote
2 answers
3k views

(Calculation EMV) What is the business purpose of product value calculated by multiplying the probability of an event by the cost of the impact?

Lets say you are going on a geological survey up on a mountain in the rural areas. ( Page 576, Head First PMP 3rd Edition, Jennifer Greene, PMP & Andrew Stellman, PMP ) Expected Monetary Value (...
0 votes
3 answers
689 views

Standard document to record decisions? (PMBOK)

This is a hypothetical scenario: I was assigned to manage a software development project. I already have an approved project charter, stakeholder registry, requirements documentation and a WBS. I ...
1 vote
2 answers
189 views

How formal is the sprint planning?

As far as I understand during the sprint planning meeting the team choose the backlog items that will be included in the sprint. How formal is the sprint planning and task assignments? Once the ...
1 vote
2 answers
2k views

What is the correct name for terminating a project before it's complete?

I am running a project that is no longer viable due to an incorrect assumption. Therefore the project needs to be canceled/discontinued/killed/deleted/scrubbed. What is the correct name for this stage ...
5 votes
1 answer
533 views

Does Scrum fit PMBOK knowledge areas?

PMBOK defines 10 knowledge areas, "that are typical of most projects, most of the time". Some Scrum processes/artifacts clearly fit corresponding knowledge areas. E.g. Daily Standup is an ...
2 votes
2 answers
3k views

managing stakeholder expectations in executing and monitoring and controlling phase

When following PMBOK guideline, to manage stakeholder expectations, how does a project manager manage stakeholder expectations in in monitoring and controlling phase??? what kinds of techniques are ...
18 votes
7 answers
3k views

What is the relation between PMBOK and real world Project Management?

While I was studying for my PMP certification I learned many things that over my course of 10 years I was doing differently. Now after being a PMP for a year, I see how you can get value from the ...
3 votes
5 answers
1k views

Is it important to estimate the product size for software project?

Estimate size is the process of approximating the size for of the products and parts to be produced for the project. Is it important to estimate the size, especially for the software project? Does the ...