When you order the PMBOK ® Guide – Sixth Edition (in English) you will receive a complimentary copy of the Agile Practice Guide. The outcome of the project is the website, and the duration will depend on the complexity and size of the work involved. 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 . Understand the PMBOK® Guide 6th Edition processes in a simple way! Project schedule network diagrams www.ReadytoTrainMaterials.com 66 Bar (Gantt Chart): Bar (Gantt Chart ) www.ReadytoTrainMaterials.com 67 Milestone Chart: Milestone Chart www.ReadytoTrainMaterials.com 68 Develop Schedule: Outputs Project Calendars: Develop Schedule: Outputs Project Calendars working days and shifts that are available for scheduled activities. Program management harmonizes its program components and controls interdependencies in order to realize specified benefits . Made Easy: Over 1270 slides help you study Smarter: ... understand PMBOK 6th edition in 20 days + Practice online for free for 90 days. Estimate at completion (EAC) may differ from Budget at Completion (BAC) Estimate to complete (ETC) is the estimate of remaining work. What is the duration of the critical path? $200k Planned Value (PV) As of today, what is the estimated value of work planned to be done? Project may or may not be part of a program but a program will always have projects Project within a program are related through the common outcome or collective capability. Which of the following BEST describes how this affects the project? All future works shall be accelerated to bring CPI within TCPI range. PMBOK® Guide 6th Ed Processes Explained with Ricardo Vargas. PowerPoint Templates. www.ReadytoTrainMaterials.com 73 Exercise: Exercise Q2. • Total of 489 teaching Slides • Covers the entire PMBOK 6th Edition including Agile Methodology • Each chapter comes with a set of questions for students to review in class • Make it yours today: – www.advconsultants.com/prod uct/pmp-capm-instructor- slides/ www.advconsultants.com 2 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. www.ReadytoTrainMaterials.com 119 Legal Contractual Relationships: Legal Contractual Relationships Purchase Order. D. 5 2/3 days. See our User Agreement and Privacy Policy. A. ABCD B. EBCD C. EFH D. EGH Exercise www.ReadytoTrainMaterials.com 77 Control Schedule: Control Schedule The process of monitoring the status of the project to update the project schedule and managing changes to the schedule baseline www.ReadytoTrainMaterials.com 78 Chapter 7: Chapter 7 Project Cost Management www.ReadytoTrainMaterials.com 79 Slide80: 80 Project Cost Management: Project Cost Management Costing is different from Pricing. The CPI is 1.1 and the SPI is 0.8. Exercise www.ReadytoTrainMaterials.com 75 Exercise: Q4. Slides in PDF - Organizational Structures . Manage project elements, including, but not limited to, schedule, cost, resources, and risks www.ReadytoTrainMaterials.com 38 1 Strategic and Business Management Skills: Strategic and Business Management Skills Explain to others the essential business aspects of a project Work with the project sponsor, team, and subject matter experts to develop an appropriate project delivery strategy Implement that strategy in a way that maximizes the business value of the project. A. 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. www.ReadytoTrainMaterials.com 6 What is a Project? iPad Are funds being used efficiently? It makes it easier to manage. Legal Contractual Relationships www.ReadytoTrainMaterials.com 121 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 Firm Fixed Price Contracts (FFP ): Under this type of contract the buyer must precisely specify the product or services to be procured, and any changes to the procurement specification can increase the costs to the buyer. B. Further, through numerous individual and group exercises, participants will immediately apply the learnt concepts. Cost Management. www.ReadytoTrainMaterials.com 123 Examples: Examples PO: $1K per 1 metric ton. PM must be involved in the creation of the contracts. No registration required. You are the project manager for a new project and have figured out the following dependencies: Task 1 can start immediately and has an estimated duration of 3 weeks Task 2 can start after Task1 is completed and has an estimated duration of 3 weeks Task 3 can start after Task 1 is completed and has an estimated duration of 6 weeks Task 4 can start after Task 2 is completed and has an estimated duration of 8 weeks Task 5 can start after task 4 is completed and after Task 3 is completed . View Slides PMBOK 6th Edition - Week 05.ppt from OPMT 1187 at British Columbia Institute of Technology. Full PMP preparation slides 6th edition. Project Procurement Management– Tools & Techniques www.ReadytoTrainMaterials.com 126 Slide127: Slides from 409-420 are not shown in the free sample www.ReadytoTrainMaterials.com 127 Exercise: Contract Calculation: Exercise: Contract Calculation In this cost incentive fee contract, the cost is estimated at $210,000 and the fee at $ 25,000. the project is over and the buyer has agreed that the costs were, in fact, $ 200,000. because the seller’s costs came in lower than the estimated costs, the seller shares in the savings: 80 percent to the buyer and 20 percent to the seller. 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. 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. 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. Ownership. Project management enables the achievement of organizational goals and objectives www.ReadytoTrainMaterials.com 20 Organizational Project Management: www.ReadytoTrainMaterials.com 21 Organizational Project Management Interrelationship of PMBOK® Guide Key Components in Projects: Interrelationship of PMBOK® Guide Key Components in Projects www.ReadytoTrainMaterials.com 22 Slide23: Slides from 25-40 are not shown in the free sample www.ReadytoTrainMaterials.com 23 Chapter 2: Chapter 2 The Environment in Which Projects Operate www.ReadytoTrainMaterials.com 24 Project Influences: Project Influences www.ReadytoTrainMaterials.com 25 EEFS Internal to The organization: EEFS Internal to The organization 26 EEFS External to The Organization: EEFS External to The Organization 27 Organizational Process Assets: Organizational Process Assets Processes, policies, and procedures Organizational knowledge bases. PMP slides based on PMBOK 6th edition. PMP Exam by each Knowledge Area. You can change your ad preferences anytime. www.ReadytoTrainMaterials.com 90 Slide91: Parameter Calculation Result PV 1000+1000+1000 3000 EV (100% x 1000)+(100% x x1000)+ (755 x x1000) + 50% x1000) 3025 AC 1200+1000+750+500 3450 BAC 6 x 1000 6000 CV 3025/3450 -425 CPI 3025/3450 .88 SV 3025/3000 25 SPI 3025/3000 1.01 EAC 6000/.88 6818.18 ETC 6818.18-3450 3368.18 VAC 6000-6818.18 -818.18 Over budget, getting .88 dollar we spent Ahead schedule, progressing 101% of the rate planned Probably will spend $ 6818 at the end (estimation) Need $ 3368 to complete Over budget at the end for about $ 818 (estimation) Exercise www.ReadytoTrainMaterials.com 91 Control Costs- Tools and Techniques: To Complete Performance Index (TCPI) TCPI predicts the efficiency that must be achieved for remaining work to complete the remaining works with available budget. It reviews all requests for changes or modifications to project documents, deliverables, baselines, or the project management plan and approves or rejects the changes. www.ReadytoTrainMaterials.com 51 A Change Control Board (CCB): A Change Control Board (CCB) It is an internal unit or department charged with not only monitoring, controlling, coordinating, and implementing changes to all elements of project work, but also with accepting or rejecting changes that have been requested by stakeholders. Looks like you’ve clipped this slide to already. 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. What is the Estimate at Complete for your project? A. C. 1 ½ days. The status of all the changes , approved or not, will be updated in the change request log as part of the project document updates. What is the CPI? The estimate for a task is O = 3 days, P = 7 days, M = 4 days. Control Costs- Tools and Techniques www.ReadytoTrainMaterials.com 97 Control Costs- Tools and Techniques: Control Costs- Tools and Techniques Cost Formulas Calculation Cost Performance Index (CPI) Estimate to Complete (ETC) Estimate at Completion (EAC) using new estimate Estimate at Completion (EAC) using remaining budget Estimate at Completion (EAC) using CPI To-Complete Performance Index (TCPI) based on BAC To-Complete Performance Index (TCPI) based on EAC To-Schedule Performance Index (TSPI) CPI = EV / AC ETC = BAC - EV or (BAC - EV) / CPI EAC = AC + ETC EAC = AC + BAC - EV EAC = AC + ( (BAC - EV) / CPI) or EAC = BAC / CPI TCPI = (BAC - EV) / (BAC - AC) TCPI = (BAC - EV) / (EAC - AC) (BAC - EV) / (BAC - PV) www.ReadytoTrainMaterials.com 98 Chapter 8: Chapter 8 Project Quality Management www.ReadytoTrainMaterials.com 99 Project Quality Management: Project Quality Management www.ReadytoTrainMaterials.com 100 Slide101: Slides from 281-303 are not shown in the free sample www.ReadytoTrainMaterials.com 101 Chapter 9: Chapter 9 Project Resource Management www.ReadytoTrainMaterials.com 102 Plan Resource Management: Plan Resource Management Is the process of identifying and documenting project roles, responsibilities, required skills, reporting relationships, and creating a staffing management plan www.ReadytoTrainMaterials.com 103 Project Resource Management Overview: Project Resource Management Overview 104 Plan Resource Management: Plan Resource Management is the process of defining how to estimate, acquire, manage, and use team and physical resources. APIdays Paris 2019 - Innovation @ scale, APIs as Digital Factories' New Machi... Mammalian Brain Chemistry Explains Everything. The contract may includes the following: An offer, Acceptance, Pricing, roles and responsibilities, penalties, warranty. You can buy the slides by $4 https://payhip.com/b/lPX5. March, 2018. Training Slides Our PMP Exam Master Prep training slides are aligned to the PMBOK ® Guide 6th Edition. Blockchain + AI + Crypto Economics Are We Creating a Code Tsunami? Embed: © 2014 authorSTREAM. 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. PMP Exam Prep (PMBOK 6th Edition) Buy $499.00 Course curriculum. www.ReadytoTrainMaterials.com 35 The Industry Trends: The Industry Trends Product and technology development; New and changing market niches ; Standards (e.g., project management, quality management, information security management ); Technical support tools; Economic forces that impact the immediate project; Influences affecting the project management discipline; Process improvement and sustainability strategies www.ReadytoTrainMaterials.com 36 Project Manager Competences: Project Manager Competences www.ReadytoTrainMaterials.com 37 Technical Project Management Skills: Technical Project Management Skills Focus on the critical technical project management elements for each project they manage. The PMBOK ® Guide – Sixth Edition and Agile Practice Guide were created to complement each other. 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. All change control board decisions are documented and communicated to the stakeholders for information and follow up actions. NOTICE Hello, This is ASHRAF OSMAN from Sudan, I'm MBA & PMP holder and trainer as well. Based o PMBOK Guide®, 6th Edition Now TCPI = (BAC-EV)/(EAC-AC) Now TCPI = Work Remaining/Funds remaining as per forecasted EAC = (Budget At Completion – Earned Value ) / (EAC – Actual cost). Knowledge . ashrafnur89@gmail.comAshraf Osman, MBA, PMP : Temporary endeavor : with a beginning and an end, not an on-going effort + Progressive Elaboration. human behavior. 2. Control Costs- Tools and Techniques www.ReadytoTrainMaterials.com 92 Control Costs- Tools and Techniques: To Complete Performance Index (TCPI) If it is obvious that earlier estimated budget at completion can not be achieved, Project manager develops a forecasted estimate at completion (EAC). The interdependencies of components and systems. Estimate at Completion (EAC)=BAC/CPI What do we currently expect the total project cost(a forecast)? Personal: Decision Maker, Integrity and Honesty, leadership, Negotiation, communication. www.ReadytoTrainMaterials.com 8 What is a Project? FPIF: contract= $ 1M + for every month added $1000 . Estimate Activity Durations : Tools & Techniques www.ReadytoTrainMaterials.com 65 Develop Schedule: Outputs Project Schedule: Develop Schedule: Outputs Project Schedule Can be represented by: Bar charts Milestone charts. ... PMBOK PROJECT MANAGEMENT BODY OF KNOWLEDGE PMP PMBOK FIFTH EDITION. Register online on . We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. it is my pleasure to share this slides with you. What is a 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. Over 500 pages long POWERPOINT SLIDES and was created for PMBOK 6. The new PMBOK ® Guide will feature several significant content enhancements, including: Resources. Characteristics: Knowledge: Project Management Knowledge (Not Technical Knowledge ). Prepare for the PMP exam in a smarter way, using ... simplified slides by knowledge area, ... diagrams, charts, tables, and mind maps, ... examples & problems clarifying tools & techniques, and Power Point Slides for Fundamentals of Database Systems, 6th Edition Download PowerPoint Lecture Slides - Chapters 1 - 5 (application/zip) (5.3MB) Download PowerPoint Lecture Slides - Chapters 6 - 10 (application/zip) (6.3MB) In order to view it, please Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. 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. 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. PMI plans to launch the PMBOK ® Guide – Sixth Edition in the third quarter of 2017. 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 ? Saved by Joe Chalhoub. www.ReadytoTrainMaterials.com 70 Develop Schedule: Outputs Project Calendars: Develop Schedule: Outputs Project Calendars project calendar identifies working days and shifts that are available for scheduled activities. PREPARATION In your project, there have been several changes in the cost and schedule estimates and the original estimating assumptions are no longer valid. Performance. POWERFUL POWERPOINT TRAINING SLIDE. Float. PMBOK, or the Project Management Body of Knowledge, is a collection of standards, best practices, and procedures for planning and executing on projects successfully. The project will come to an end when the website is posted on the server and is ready for use by appropriate users. Presentation Summary : PMBOK ® Guide – Sixth Edition and Agile Practice Guide were created to complement each other. Flash PMP PMBOK 6th 1. www.ReadytoTrainMaterials.com 48 Monitor and Control Project Work - Inputs: Monitor and Control Project Work - Inputs Performance Reports: Reports should be prepared by the project team detailing activities, accomplishments, milestones, identified issues and problems. readytotrain. www.ReadytoTrainMaterials.com 50 Perform Integrated Change Control: Perform Integrated Change Control It should be written formally and entered to change control and configuration control systems. 19 weeks -C. 20 weeks - D. 18 weeks www.ReadytoTrainMaterials.com 74 Exercise: Q3. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Target cost 210,000 Target fee 25,000 Target price 235,000 Sharing ratio 80/20 Actual cost 200,000 Final fee 201,000-200,000=10,000 10,000 x 20%=2,000 25,000 (target fee) +2,000=27,000 Final price 200,000+27,000=227,000 www.ReadytoTrainMaterials.com 128 Slide130: Chapter 13 Project Stakeholder Management www.ReadytoTrainMaterials.com 130 Project Stakeholder Management: Project Stakeholder Management www.ReadytoTrainMaterials.com 131 Identify Stakeholders : Identify Stakeholders Identify Stakeholders is the process of identifying project stakeholders regularly and analyzing and documenting relevant information regarding their interests, involvement, interdependencies, influence, and potential impact on project success. PMI Bluegrass Chapter Meeting. You are taking over a project and determine the following: Task B has an early finish of day 3, a late finish of day 6, and an early start of day 2. Performance reports can be used to report the key information, but not limited to : Current status. www.ReadytoTrainMaterials.com 132 Identify Stakeholders: Tools and Techniques: Identify Stakeholders: Tools and Techniques Stakeholder Analysis: is a technique of systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project. Organizational breakdown structure (OBS). (9781979658867): Alminawi, Ayman: Books View and Download PowerPoint Presentations on Pmbok 5th Edition PPT. www.ReadytoTrainMaterials.com 56 Chapter 5: Chapter 5 Project Scope Management www.ReadytoTrainMaterials.com 57 Slide58: Slides from 109-142 are not shown in the free sample www.ReadytoTrainMaterials.com 58 Control Scope: Control Scope It is the process of monitoring the status of project and product scope and managing changes to the scope baseline Uncontrolled scope changes result in scope creep. Changes may be requested by any stakeholder involved with the project. What is the standard deviation of the task? un Resource breakdown structure Assignment Matrix Text-oriented formats www.ReadytoTrainMaterials.com 106 Plan Resource Management: Tools and Techniques: Plan Resource Management: Tools and Techniques Organizational Theory Organizational theory provides information regarding the way in which people, teams, and organizational units behave. The PMP Master Prep training manual is aligned to the PMBOK Guide 6th Edition and is designed to be your single source to effectively prepare for the PMP certification exam. Control includes determining corrective or preventive actions or re-planning and following up on action plans. Dynamic PMBOK ® Guide – Sixth Edition and the Agile Practice Guide. To prevent users from facing this, Use HTTPS option. www.nwapmi.org. 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. 1. PMP 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? Control Costs- Tools and Techniques www.ReadytoTrainMaterials.com 86 Earned Value: Graphical Representation: Earned Value: Graphical Representation www.ReadytoTrainMaterials.com 87 Earned Value Management (EVM): Earned Value Management (EVM) Terms and formulas Definition Example Earned Value (EV) As of today, what is the estimated value of the work actually accomplished? Now customize the name of a clipboard to store your clips. Welcome! www.ReadytoTrainMaterials.com 107 Slide108: Slides from 310-340 are not shown in the free sample www.ReadytoTrainMaterials.com 108 Chapter 10: Chapter 10 Project Communications Management www.ReadytoTrainMaterials.com 109 Project Communications Management: Project Communications Management 110 Slide111: Slides from 344-362 are not shown in the free sample www.ReadytoTrainMaterials.com 111 Chapter 11: Chapter 11 Project Risk Management www.ReadytoTrainMaterials.com 113 Project Risk Management: Project Risk Management 114 Slide115: Slides from 366-397 are not shown in the free sample www.ReadytoTrainMaterials.com 115 Chapter 12: Chapter 12 Project Procurement Management www.ReadytoTrainMaterials.com 117 Project Procurement Management: Project Procurement Management 118 Project Procurement Management: Project Procurement Management Plan Procurement Management is the process of documenting project procurement decisions, specifying the approach , and identifying potential sellers . Example: Work package XX have a 4 stages and each stage will take one week to complete with $500 estimated cost per stage. $100 k Actual cost (AC) As of today, what is the actual cost incurred for the work accomplished? The areas covered are compilation of all the slides I've used to teach the PMP. What is the PV, EV & AC PV on 2nd Week = Total value of planned work to be completed on second week in monetary terms (500 X 2 = 1000) EV on 2nd week = Estimated value of work completed (500 X 3 = 1500) AC on 2nd Week = Actual cost spend of work already completed (1700) Tools and Techniques Earned Value Management (EVM) www.ReadytoTrainMaterials.com 83 Tools and Techniques Earned Value Management (EVM): SV (Schedule Variance) = EV-PV (Difference between estimated value of work completed and estimated value of work planned) CV (Cost Variance) = EV-AC (Difference between estimated value of work completed and actual cost of work completed) SPI (Schedule Performance Index) = EV/PV CPI (Cost Performance Index) = EV/AC Tips EV comes first in all equations. The sides are planned to be completed one after the other. Note: Based on the PMBOK® Guide 6th Edition. If you continue browsing the site, you agree to the use of cookies on this website. The training and certification are based on the Guide to the Project Management Body of Knowledge, (PMBOK® Guide 6th Edition). 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. Purchase Order: Contract to purchase 30 linear meters of wood at $ 40 per meter.
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