Professional Study Notes

Terminologies 1.        Organizational Process Assets  (OPA), which contains historical information of all projects of your organization and project management policies/templates, are readily available. PMI advocates constant improvement and continuous learning from project to project. 2.        Enterprise Environment Factors  (EEF), which represents all the factors not in the immediate control of the project, is something a Project Manager has to live with. 3.        Change Requests  include Corrective Action, Preventive Action, Rework and changes that would affect the project configurations/ baselines/plans. 4.        Lessons Learned  are important outputs. 5.        Expert Judgment  is the single most important tool and technique which refers to knowledge gained through experience and/or studies. If it appears as one of the choices for a PMP® question, it is often the correct answer.   The Project Manager 1.        The Project Manager has the  responsibility to ens

Project §   Project  – a temporary endeavor to create a unique product, service or result (or enhancement of existing services/products (e.g v.2 development is a project) ) — may be collectively termed as deliverable — (vs ongoing  operations  which manage processes in transforming resources into output) sometimes may involve handing over the deliverable to the operation teams for continuous operation §   Project drives changes in the organization and often is a means to  create business values and to achieve organizational goals  — the net quantifiable benefit derived from a business endeavour which can be tangible or intangible. §   Projects operate in an environment that may have favourable or unfavourable impacts on them. Two major categories are: §   Organization Process Assets  is a major input in all planning process, which may be kept at PMO,  directly related to project management,  including Processes and Procedures  (including templates (e.g. WBS, schedule network