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Results tagged with pmbok
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For questions related to the Guide to the Project Management Body of Knowledge (PMBoK Guide).
3
votes
In PMBoK, what do we do when we understand that a project can't be completed on time?
Within PMBoK, you are using the processes under the Plan, Execute, and Monitor & Control process groups and within all 10 knowledge areas. …
- 37.2k
2
votes
Among 42 processes as outlined by the PMBOK, which process is important for SMEs?
In my opinion, it is a mistake to try to identify what processes would be important for any type of project or business, no matter the attribute, through a survey like this. You stand up and deploy t …
- 37.2k
0
votes
Difference between Project Phase and Sub Project (PMBOK)
All phases are sub projects but not all sub projects are phases. Phases suggest a linear progression, sub projects that are sequenced in a finish-start relationship, generally speaking. But other ty …
- 37.2k
1
vote
Accepted
How can a given project have SPI lower than 1 and still be on schedule?
It is not possible. Folks are reporting on time and ignoring the metrics because they can't cope with bad news.
Thinking about this a little more, I'd like to add this:
SPI, as with the other EV i …
- 37.2k
1
vote
Accepted
I don't understand how the initiating process group works [example given]
You are correct that the two product outputs in the Initiation Process Group are the project charter and the stakeholder management plan. This suggests that it is performed only once and at the projec …
- 37.2k
3
votes
Accepted
Does PMBoK say that a project manager should resist any change to the approved plans?
The PMBOK doesn't discuss resisting change. It discusses scope creep and managing change. These two things are not the same. …
- 37.2k
2
votes
Is it important to estimate the product size for software project?
I think the answer to this question is another question: do lines of code AFFECT cost and time?
It is important to capture the inputs that move the cost and time variables. If you are painting a roo …
- 37.2k
0
votes
2
votes
Accepted
Pricing risks when developing a project's budget
You can calculate the expected monetary value (probability x financial impact) for those risks you identify in advance of proposal submission and add that to the price. The issue with this approach i …
- 37.2k
2
votes
(Calculation EMV) What is the business purpose of product value calculated by multiplying th...
The business purpose behind using weighted values is to normalize the data you have for many alternatives that have varying degrees of risk and impact. It equalizes a set of alternatives with objecti …
- 37.2k
2
votes
What are defintions of Work Performance Data, Work Performance Information & Work Performanc...
I neither know nor care how the PMBoK defines these definitions but I would define them as follows:
Data: Raw. …
- 37.2k
2
votes
How to manage cost of change / impact analysis with no funding?
Part of every project, no matter its size or complexity or industry, there is some level of effort--hours, dollars, people, tools, etc.--allocated for the pure purpose of managing the project. This i …
- 37.2k
1
vote
Difference between: Change control system, change control tools, configuration management pl...
I would define the Change Control System as the entire capability that would include policies, process, and procedures; tools to include a tracking capability, forms, metrics; human resources that are …
- 37.2k
8
votes
Do project managers use RAID Logs?
Absolutely keep logs and absolutely bring them to the surface and work them on a strict cadence. Especially risks. Without the logs, people will happily ignore them. There is a resistance in raisin …
- 37.2k
0
votes
Planned Value (PV): why amount of work is spread evenly on timeline?
You have to load the fully costed resources against your work packages in the sequence you laid them out in the network logic. Your scheduling tool will then calculate the PV based on how YOU loaded i …
- 37.2k