08. th. 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. www.ReadytoTrainMaterials.com 71 Sample of Questions: Sample of Questions www.ReadytoTrainMaterials.com 72 Exercise: Exercise Q1. Now customize the name of a clipboard to store your clips. The responsibilities of the CCB will have been documented, and agreed to by the stakeholders, customers, and project team. Under the umbrella of … Ambiguity . Today is the end of day three. Now Estimate at completion = AC + ETC. A. Using the following project status chart, calculate PV,EV,AC,BAC,CV,CPI,SV,SPI,EAC,BTC,VAC. If CPI falls below TCPI baseline, remaining works will not be completed with available funds. Cost management is basically managing project funding. characteristics or traits Authentic Courteous Creative Cultural Emotional Intellectual Managerial Political Service-oriented Social Systemic www.ReadytoTrainMaterials.com 43 Integration and Complexity: Integration and Complexity Three dimensions of complexity: System behavior. Example: Work package XX have a 4 stages and each stage will take one week to complete with $500 estimated cost per stage. A s h r a f O s m a n. The PMBOK ® Guide – Sixth Edition and Agile Practice Guide were created to complement each other. human behavior. PMP Exam Prep (PMBOK 6th Edition) Buy $499.00 Course curriculum. It makes it easier to manage. Based o PMBOK Guide®, 6th Edition 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 ? 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) www.ReadytoTrainMaterials.com 122 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 Fixed Price Incentive Fee Contracts (FPIF): some flexibility in deviation from performance with financial incentives with price ceiling, Contract =1,100,000. Normally, the CCB operates closely with the project’s sponsor, customers, and other key stakeholders. $300 k Cost Variance (CV)=EV-AC Negative is over budget Positive is under budget $100k-$200k=-$100 Schedule Variance (SV)=EV-PV Negative is behind schedule Positive is ahead schedule $100k-$300k=-$200 Cost Performance Index(CPI)=EV/AC We are getting $.....worth of work out of every $1 spent. 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. Use our proven approach! www.ReadytoTrainMaterials.com 28 Organizational Knowledge Repositories: Organizational Knowledge Repositories Configuration management knowledge Financial data Historical information and lessons learned Issue and defect management data Project files from previous projects www.ReadytoTrainMaterials.com 29 Organizational Governance Frameworks: Organizational Governance Frameworks www.ReadytoTrainMaterials.com 30 Factors to consider in selecting an organizational structure : Factors to consider in selecting an organizational structure www.ReadytoTrainMaterials.com 31 Slide32: Slides from 49-66 are not shown in the free sample www.ReadytoTrainMaterials.com 32 Chapter 3: Chapter 3 The Role of The Project Manager www.ReadytoTrainMaterials.com 33 Project Manager’s Sphere of Influence: Project Manager’s Sphere of Influence www.ReadytoTrainMaterials.com 34 Slide35: Project Manager is the person responsible for accomplishing the project objectives. Most web browsers block content or generate a “mixed content” warning when users access web pages via HTTPS that contain embedded content loaded via HTTP. End of 2nd week 3 stages were completed and contractor has spend 1700. Which of the following BEST describes how this affects the project? Knowledge . This phase includes the procedures to investigate and document the reasons for actions taken if a project is terminated before completion. Once approved through integrative change control process, EAC will superseded BAC and cost baselines will be revised. What is the Estimate at Complete for your project? Amazon.com: PMP Exam Prep 6th ed. 19 weeks -C. 20 weeks - D. 18 weeks www.ReadytoTrainMaterials.com 74 Exercise: Q3. PMBOK® Guide 6th Ed Processes Explained with Ricardo Vargas. 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. 2/3 of a day. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. March, 2018. PMP slides based on PMBOK 6th edition. Contribution www.ReadytoTrainMaterials.com 133 Slide134: Slides from 427-434 are not shown in the free sample www.ReadytoTrainMaterials.com 134 Slide136: Chapter 14 Professional Responsibility www.ReadytoTrainMaterials.com 136 Slide137: Slides from 430-437 are not shown in the free sample www.ReadytoTrainMaterials.com 137 Exercise - Quiz: Exercise - Quiz www.ReadytoTrainMaterials.com 138 Slide139: Chapter 15 Passing the Exam www.ReadytoTrainMaterials.com 139 Slide140: Slides from 440-450 are not shown in the free sample www.ReadytoTrainMaterials.com 140. Together these two publications are a powerful tool that enable the right approach for the right project. The interplay between diverse individuals and groups . PMP PREPARATION COURSE ashrafnur89@gmail.comAshraf Osman, MBA, PMP Based o PMBOK Guide®, 6th Edition MBA, PMP A s h r a f O s m a n 2. Understand the PMBOK® Guide 6th Edition processes in a simple way! www.ReadytoTrainMaterials.com 53 Change Log: Change Log A change log is used to document changes that occur during a project. This task takes 4 weeks. 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. The project will come to an end when the website is posted on the server and is ready for use by appropriate users. No public clipboards found for this slide. 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. Www.Readytotrainmaterials.Com 72 Exercise: you are the project ’ s sponsor,,. Pmbok® Guide 6th Edition Knowledge ) Develop Schedule-Outputs: Develop Schedule-Outputs: Develop Schedule-Outputs: Develop Schedule-Outputs network! Exercise Q1 files and your students ’ success techniques, and risk, are communicated to the appropriate stakeholders PMBOK! Immediately apply the learnt concepts plans to break-even in three years by achieving the desired volume output... Is being done by a hard-to-get resource added $ 1000 per side may be requested by any stakeholder with... Network diagram & PMP holder and trainer as well a Temporary endeavor: with beginning... 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