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PMP Notes
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1. What is Project? Few
Examples of Project.
2. What is Project,Program
and Portfolio
Management
3. Project Life Cycles?
What are Different Types
of it
4. Project Management
Processes
Section 1 JustAcademy
2. Project Drive Change • Developing new factory unit for Automobile company
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• Before Project begins, the organization is commonly referred to as being in the current state.
• The successful completion of a project results in the organization moving to the future state and achieving the specific objective
The successful completion of a project results in the organization moving to the future state and achieving the specific objective
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• Strategic opportunity/business need e.g. Launch new Android app for existing E- commerce sites
• Customer request e.g. Develop sports car for car racing company
• Technological advance e.g. Upgrade of existing server capability to provide high speed internet
• Legal requirements e.g. Aligned with new rules of emission system of Car
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Section 2 JustAcademy
3. Portfolio Management and Organizational Project • Deliver the right products at the right time
Management (OPM)
• Respond to risks in a timely manner
• Missed deadlines
• Cost overruns
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• Poor quality
• Unsatisfied stakeholders
• By grouping related projects into a program, an organization can coordinate the management of those projects
• A space launch is usually a program. It provides several individual projects related to manufacturing, testing, creating the launch
pad, R&D etc.
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Portfolio Management.
• A portfolio includes a group of programs, individual projects, and other related operational work that are prioritized and implemented
to achieve a specific strategic business goal.
• The Program and projects that make up the portfolio may not be related, other than fact that they are helping to achieve a common
strategic goal.
• E.g. NASA has portfolio of Research and Innovation in Airspace market which comprises of program such as Launching satellite to
space station.
Launching satellite Program can have multiple Projects involved such as Develop Rocket, Prepare Satellite etc.
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• The purpose of OPM is to ensure that the organization undertakes the right projects and allocates critical resources appropriately
• OPM also helps to ensure that all levels in the organization understand the strategic vision, the initiatives that support the vision, the
objectives, and the deliverables
•
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Portfolio management aligns portfolios with organizational strategies by selecting the right programs or projects, prioritizing the work,
and providing the needed resources.
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• Program Management – A set of related projects designed to produce clearly identified business value.
• Project Management – A structural set of activities concerned with developing a defined capability based on an agreed schedule and
budget
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Section 3 JustAcademy
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Product Life Cycle: A new product progresses through a sequence of stages from introduction to growth, maturity, and decline. This se-
quence is known as the product life cycle
IMPORTANT :
Every product moves through a life cycle right from project initiation stage through developing a product till it reaches the end of the life
cycle.
Every product in different stages of product life cycle goes through each phases of project
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• Development life cycles can be predictive, iterative, incremental, adaptive, or a hybrid model:
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• In these types of project life cycles the project phases ( also called iteration ) intentionally repeat one or more project activities as the
project team understanding of the product increases
• Iterations develops the project, product through a series of repeated cycle while increments successively add to the functionality of
the product
• Future iterations may enhance earlier deliverable or may create new ones.
• With iterative, the complete concept is built in successive levels of detail to create the end result
• Often Large and complex project are executed in iterative fashion to reduce risk by allowing the team to incorporate feedback and
lesson learned between iterations
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• They are also iterative and incremental but difference here is that the iterations are rapid (2-4 weeks ) and fixed in time and cost
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• Product backlog: Here the overall project scope is decomposed into set of requirements and work to be performed
• Adaptive method is preferred when requirements and scope are difficult to define in advance or when project is dealing with a rapidly
changing environment, or when it is possible to define small incremental improvements that will deliver value to the stakeholders.
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Hybrid Model
• A Hybrid life cycle is a combination of a predictive and an adaptive life cycle.
• Those elements of the project that are well known or have fixed requirements follow a predictive development life cycle,
• and those elements that are still evolving follow an adaptive development life cycle.
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Project Phase
A project phase is a collection of logically related project activities that culminates in the completion of one or more deliverables.
Projects may be separated into distinct phases or subcomponents. These phases or subcomponents are generally given names that
indicate the type of work done in that phase.
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Phase Gate
A phase gate, is held at the end of a phase. The project’s performance and progress are compared to project and business documents
including but not limited to
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Section 4 JustAcademy
7. WPD,WPI and WPR There are 10 knowledge Areas covered in PMBOK® guide 6th
Edition. These 10 Knowledge areas.
8. Tailoring
1. Project Integration Management
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• Involves coordinating people and resources, managing stakeholder expectations, as well as integrating and performing the activities
of the project in accordance with the project management plan
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3. Obtain acceptance by the customer or sponsor to formally close the project or phase
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Tailoring
The appropriate project management processes,inputs,tools,techniques,outputs,and lifecycle phases should be selected to manage a
project. This selection activity is known as tailoring project management to the project.
The project manager works with the project team,sponsor,organizational management during the tailoring.
Tailoring is necessary because each project is unique; not every process,tool,technique,input,or output identified in the PMBOK®
Guide is required on every project.
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The Environment in
Which Projects Operate
2
1. What is Enterprise
Environmental Factors?
2. Organizational Process
Assets
3. Organizational Systems
4. Organizational Structure
Types
5. Project Management
Office (PMO)
Section 1 JustAcademy
Enterprise Overview
Projects exist and operate in environments that may have an
Environmental Factors influence on them. These influences can have a favorable or un-
favorable impact on the project. Two major categories of influ-
ences are enterprise environmental factors (EEFs) and organ-
izational process assets (OPAs).
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4. Commercial database
Enterprise Environmental Factors
5. Academic research
Enterprise environmental factors (EEFs) refer to conditions, not
under the control of the project team, that influence, constrain, 6. Government or Industry standards
or direct the project. These conditions can be internal and/or ex-
ternal to the organization. 7. Financial considerations
3. Infrastructure
5. Resource availability.
6. Employee capability
External EEF
1. Marketplace conditions
3. Legal restrictions
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Section 2 JustAcademy
Organizational Process
Organizational Process Assets
Assets Organizational process assets(OPAs) are theplans, processes,
policies, procedures,and knowledge bases specific to and used
by the performing organization. These assets influence the man-
agement of the project.
Organizational Process Assets (OPA)
OPA are two types - Processes, policies, and procedures and
Organizational knowledge bases E.g.
1. Overview of OPA
1. Lessons learned from previous projects and historical infor-
2. Organizational Knowledge bases
mation
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OPA - Processes, policies and procedures
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OPA - Organizational knowledge bases
Historical information and lessons learned knowledge repositories(e.g.,project records and documents, all project closure information
and documentation, information regarding both the results of previous project selection decisions and previous project performance in-
formation, and information from risk management activities.
• Project files from previous projects E.g. scope, cost, schedule,and performance measurement baselines etc.
• Configuration management knowledge repositories containing the versions of software and hardware components
Organizational Systems
Projects operate within the constraints imposed by the organization through their structure and governance framework. To operate ef-
fectively and efficiently, the project manager needs to understand where responsibility, accountability, and authority reside within the or-
ganization.
The interaction of multiple factors within an individual organization creates a unique system that impacts the project operating in that
system. The system factors include but not limited to,
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Governance Framework
Governance is the framework within which authority is exercised in organizations. This framework includes but is not limited to:
• Rules,
• Policies,
• Procedures,
• Norms,
• Relationships,
• Systems,and
• Processes
Objectives of the organization are set and achieved Risk is monitored and assessed, and Performance is optimized.
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Section 3 JustAcademy
Organizational
Organizational Influences
Structures 1. Organizational Structure
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Functional Organization
• Functional organizations are made up of units or division based on the types of business and their associated responsibility.
• Such Organizations are grouped by areas of specialization within different functional areas (e.g. accounting, marketing and manufac-
turing
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Organization Structure - Projectized
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Key Characteristics of Projectized Organization Structure:
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Organization Structure - Matrix
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Organization Structure – Weak Matrix
• Project team may come from different departments, but the project manager reports directly to a specific functional manager
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Organization Structure - Balanced Matrix
• A balanced matrix structure has many of the same attributes as a weak matrix, but the project manager has more time and power re-
garding the project
• A balanced matrix has time-accountability issues for all the project team members since their functional managers will want reports
on their time spent on the object
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Organizational Structure - Strong Matrix
• In a strong matrix organization, many of the same attributes for the project team exists,but the project manager gains the power and
time when it comes to project work
• The Project team may also have more time available for the project even though they may come from different departments
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Comparison within Matrix Organizations Structures.
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Organization Structure - Composite
• In Composite organization, a special project is created that consists of talent from many different departments. Such project teams
report directly to a project manager and will work on high-priority project for its duration.
• Project will have high and almost total control project resources.
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Types of Project Management Office(PMO) in Organization
Supportive
• Consultative role
• Supplies Templates, best practices, Training, Access to information and lessons learned from other projects
Controlling
• Provides support
• Conformance to governance
Directive
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Project Management Office (PMO)
A PMO may have the authority to act as an integral stakeholder and a key decision maker throughout the life of each project in order to
keep it aligned with the business objectives. The PMO may
• Make recommendations,
• Terminate projects,and
Function of PMO.
• Identifying and developing project management methodology, best practices, and standards;
• Monitoring compliance with project management standards, policies, procedures, and templates by means of project audits;
• Developing and managing project policies, procedures, templates, and other shared documentation (organizational process assets);
and
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Role of Project
Manager
3
1. Overview
2. PM’s Sphere of Influence
3. The PMI Talent Triangle
4. PM Competency
5. Performing Integration
Section 1
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The Project Manager’s Sphere of Influence
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The Organization
The project manager proactively interacts with other project managers. Other independent projects or projects that are part of the
same program may impact a project due to but not limited to the following:
• Priorities of funding,
Professional Discipline
Continuing knowledge transfer and integration is very important for the project manager. This professional development is ongoing in
the project management profession and in other areas where the project manager maintains subject matter expertise. This knowledge
transfer and integration includes but is not limited to:
• Contribution of knowledge and expertise to others with in the profession at the local,national, and global levels (e.g., communities of
practice, international organizations); and
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Project Manager Competences
• Technical project management. The knowledge, skills, and behaviors related to specific domains of project, program, and portfolio
management. The technical aspects of performing one’s role.
• Leadership. The knowledge, skills, and behaviors needed to guide, motivate, and direct a team, to help an organization achieve its
business goals.
• Strategic and business management. The knowledge of and expertise in the industry and organization that enhanced performance
and better delivers business outcomes.
•
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Technical Project Management Skills
Technical project management skills are defined as the skills to effectively apply project management knowledge to deliver the desired
outcomes for programs or projects.
The top project managers consistently demonstrated several key skills including
Focus on the critical technical project management elements for each project they manage.This focus is as simple as having the right
artifacts readily available. At the top of the list were the following:
2. Schedule,
4. Issue log.
• Tailor both traditional and agile tools, techniques,and methods for each project.
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Strategic and Business Management Skills
Strategic and business management skills involve the ability to see the high-level overview of the organization and effectively negotiate
and implement decisions and actions that support strategic alignment and innovation.
Project managers should be knowledgeable enough about the business to be able to:
• Work with the project sponsor,team,and subject matter experts to develop an appropriate project delivery strategy; and
• Implement that strategy in away that maximizes the business value of the project.
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