PMP Exam Prep Course by PSA
The online program, “PMP Exam Prep Course by PSA” is meticulously crafted to furnish budding project managers with the crucial knowledge and skill sets necessary to triumph in the PMP certification examination. This inclusive course focuses on the fundamental concepts, principles, and methodologies delineated in the esteemed Project Management Institute’s (PMI) guide – Project Management Body of Knowledge (PMBOK).
As part of this course, you will dive deep into:
- A thorough comprehension of project management principles and best practices, which serve as the foundation of effective project execution.
- An extensive understanding of PMI’s standards for project management, enabling you to align your skills with globally accepted practices.
- Practical abilities to apply project management theories in real-world situations, thereby enhancing your problem-solving and decision-making capabilities.
- Techniques to proficiently manage time and resources, pivotal aspects that can make or break a project’s success.
- Proven strategies to successfully pass the PMP exam on your initial attempt, thus saving you valuable time and resources.
The course is particularly suited for individuals aiming to become PMP certified in 2023, retain their certification by earning Professional Development Units (PDUs), or gain insights into advanced Project Management concepts. Although a rudimentary understanding of Project Management principles can be beneficial, it is by no means a requirement.
Unique features of the course include:
- Comprehensive video lectures delivered by seasoned project management professionals who bring their vast industry knowledge to the classroom.
- Stimulating learning resources such as downloadable study guides and practice questions to augment your understanding and preparation.
- Interactive quizzes and assessments designed to reinforce comprehension and monitor progress.
- Real-world case studies and examples to demonstrate practical applications of concepts, offering a bridge between theory and practice.
- Discussion forums enabling participants to engage in valuable peer-to-peer learning and collaboration.
Throughout the duration of the course, participants will develop a robust grounding in project management fundamentals. They will gain an understanding of the crucial success factors and constraints that significantly influence project outcomes and delve into the myriad project management processes and knowledge domains specified by PMI. Upon course completion, participants will be armed with the necessary preparation to confidently take on the PMP exam and demonstrate their mastery over project management practices.
By choosing to enroll in this course, participants will gain the knowledge, skills, and self-belief needed to pass the PMP certification exam successfully. Under the tutelage of industry veterans and through a structured learning pathway, participants will be prepared to shine in the field of project management and elevate their professional trajectory. So, take the first step on your journey towards PMP certification success and enroll now.
Please note: PMI, PMBOK, PMP, and CAPM are registered trademarks of the Project Management Institute.
Additional resources: The Project Management Institute holds registered trademarks for PMI, PMBOK, PMP, and CAPM.https://youtube.com/watch?v=hUMXIJwT4nw
PMBOK 7: 7th Edition of the PMI’s Guide to the Project Management Body of Knowledge – with Nader Rad
PMBOK 7th edition: Functions Associated with Projects
ITTOs by Knowledge Area:
Integration Management
- Develop Project Charter
- Inputs: Business Documents, Agreements, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Facilitation Techniques
- Outputs: Project Charter
- Develop Project Management Plan
- Inputs: Project Charter, Outputs from other processes, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Facilitation Techniques
- Outputs: Project Management Plan
- Direct and Manage Project Work
- Inputs: Project Management Plan, Approved Change Requests, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Project Management Information System, Meetings
- Outputs: Deliverables, Work Performance Data, Change Requests
- Monitor and Control Project Work
- Inputs: Project Management Plan, Work Performance Data, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Data Analysis, Decision Making, Meetings
- Outputs: Work Performance Information, Change Requests, Project Management Plan Updates, Project Document Updates
- Perform Integrated Change Control
- Inputs: Project Management Plan, Work Performance Information, Change Requests, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Change Control Tools, Meetings
- Outputs: Approved Change Requests, Change Log, Project Management Plan Updates, Project Document Updates
- Close Project or Phase
- Inputs: Project Management Plan, Accepted Deliverables, Business Documents, Agreements, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Data Analysis, Meetings
- Outputs: Final Product, Service, or Result Transition, Organizational Process Assets Updates, Project Document Updates
Scope Management
- Plan Scope Management
- Inputs: Project Charter, Project Management Plan, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Data Analysis, Meetings
- Outputs: Scope Management Plan
- Collect Requirements
- Inputs: Project Charter, Project Management Plan, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Data Gathering, Data Analysis, Decision Making, Meetings
- Outputs: Requirements Documentation, Requirements Traceability Matrix
- Define Scope
- Inputs: Project Charter, Project Management Plan, Requirements Documentation, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Data Analysis, Decision Making, Meetings
- Outputs: Project Scope Statement, Project Document Updates
- Create WBS
- Inputs: Project Management Plan, Project Scope Statement, Requirements Documentation, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Decomposition, Data Analysis, Decision Making
- Outputs: Scope Baseline, Project Document Updates
- Validate Scope
- Inputs: Project Management Plan, Project Documents, Work Performance Data, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Inspection, Data Analysis, Decision Making
- Outputs: Accepted Deliverables, Change Requests, Work Performance Information, Project Document Updates
- Control Scope
- Inputs: Project Management Plan, Work Performance Data, Requirements Documentation, Requirements Traceability Matrix, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Data Analysis, Decision Making, Meetings
- Outputs: Work Performance Information, Change Requests, Project Management Plan Updates, Project Document Updates
Schedule Management
- Plan Schedule Management
- Inputs: Project Charter, Project Management Plan, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Data Analysis, Meetings
- Outputs: Schedule Management Plan
- Define Activities
- Inputs: Project Management Plan, Project Documents, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Decomposition, Rolling Wave Planning, Meetings
- Outputs: Activity List, Activity Attributes, Milestone List, Change Requests, Project Document Updates
- Sequence Activities
- Inputs: Project Management Plan, Project Documents, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Data Analysis, Precedence Diagramming Method, Dependency Determination, Leads and Lags, Schedule Network Templates, Meetings
- Outputs: Project Schedule Network Diagrams, Project Document Updates
- Estimate Activity Durations
- Inputs: Project Management Plan, Project Documents, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Analogous Estimating, Parametric Estimating, Three-Point Estimating, Data Analysis, Decision Making, Meetings
- Outputs: Activity Duration Estimates, Basis of Estimates, Project Document Updates
- Develop Schedule
- Inputs: Project Management Plan, Project Documents, Agreements, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Data Analysis, Schedule Network Analysis, Critical Path Method, Resource Optimization Techniques, Modeling Techniques, Leads and Lags, Schedule Compression, Scheduling Tool, Meetings
- Outputs: Project Schedule, Schedule Baseline, Project Document Updates
- Control Schedule
- Inputs: Project Management Plan, Project Schedule, Work Performance Data, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Data Analysis, Critical Path Method, Schedule Compression, Resource Optimization Techniques, Modeling Techniques, Leads and Lags, Schedule Network Analysis, Schedule Change Control System, Performance Reviews, Meetings
- Outputs: Work Performance Information, Change Requests, Project Management Plan Updates, Project Document Updates
Cost Management
- Plan Cost Management
- Inputs: Project Charter, Project Management Plan, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Data Analysis, Meetings
- Outputs: Cost Management Plan
- Estimate Costs
- Inputs: Project Management Plan, Project Documents, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Analogous Estimating, Parametric Estimating, Bottom-Up Estimating, Three-Point Estimating, Data Analysis, Decision Making, Meetings
- Outputs: Activity Cost Estimates, Basis of Estimates, Project Document Updates
- Determine Budget
- Inputs: Project Management Plan, Project Schedule, Resource Calendars, Contracts, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Cost Aggregation, Reserve Analysis, Historical Information Review, Funding Limit Reconciliation, Cost of Quality, Project Management Information System, Meetings
- Outputs: Cost Baseline, Project Funding Requirements, Project Document Updates
- Control Costs
- Inputs: Project Management Plan, Project Funding Requirements, Work Performance Data, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Data Analysis, Earned Value Management, Forecast
Quality Management
- Plan Quality Management
- Inputs: Project Charter, Project Management Plan, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Data Gathering, Data Analysis, Decision Making, Meetings
- Outputs: Quality Management Plan
- Manage Quality
- Inputs: Project Management Plan, Quality Management Plan, Work Performance Data, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Quality Management and Control Tools, Data Analysis, Decision Making, Meetings
- Outputs: Quality Control Measurements, Validated Changes, Work Performance Information, Project Document Updates
- Control Quality
- Inputs: Project Management Plan, Quality Management Plan, Work Performance Data, Approved Change Requests, Deliverables, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Data Analysis, Inspection, Testing, Control Charts, Pareto Charts, Statistical Sampling, Meetings
- Outputs: Quality Control Measurements, Validated Changes, Work Performance Information, Change Requests, Project Management Plan Updates, Project Document Updates
Resource Management
- Plan Resource Management
- Inputs: Project Charter, Project Management Plan, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Data Analysis, Meetings
- Outputs: Resource Management Plan
- Estimate Activity Resources
- Inputs: Project Management Plan, Activity List, Activity Attributes, Resource Availability, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Data Analysis, Alternatives Analysis, Published Estimating Data, Bottom-Up Estimating, Project Management Information System, Meetings
- Outputs: Resource Requirements, Resource Breakdown Structure, Project Document Updates
- Acquire Resources
- Inputs: Resource Management Plan, Project Management Plan, Project Documents, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Pre-Assignment, Negotiation, Acquisition, Virtual Teams, Multi-Criteria Decision Analysis, Meetings
- Outputs: Resource Assignments, Resource Calendars, Change Requests, Project Document Updates
- Develop Team
- Inputs: Resource Management Plan, Project Staff Assignments, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Interpersonal and Team Skills, Training, Team-Building Activities, Ground Rules, Co-Locations, Recognition and Rewards, Meetings
- Outputs: Team Performance Assessments, Enterprise Environmental Factors Updates, Organizational Process Assets Updates, Project Document Updates
- Manage Team
- Inputs: Resource Management Plan, Project Staff Assignments, Team Performance Assessments, Work Performance Data, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Interpersonal and Team Skills, Ground Rules, Co-Locations, Recognition and Rewards, Training, Team-Building Activities, Meetings
- Outputs: Team Performance Reports, Change Requests, Project Management Plan Updates, Project Document Updates
- Control Resources
- Inputs: Resource Management Plan, Work Performance Data, Project Management Plan, Project Documents, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Data Analysis, Decision Making, Meetings
- Outputs: Work Performance Information, Change Requests, Project Management Plan Updates, Project Document Updates
Communications Management
- Plan Communications Management
- Inputs: Project Charter, Project Management Plan, Stakeholder Register, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Data Analysis, Meetings
- Outputs: Communications Management Plan
- Manage Communications
- Inputs: Project Management Plan, Communications Management Plan, Work Performance Data, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Communication Technology, Communication Models, Communication Methods, Meetings
- Outputs: Project Communications, Change Requests, Project Management Plan Updates, Project Document Updates
- Monitor Communications
- Inputs: Project Management Plan, Communications Management Plan, Work Performance Data, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Data Analysis, Decision Making, Meetings
- Outputs: Work Performance Information, Change Requests, Project Management Plan Updates, Project Document Updates
Stakeholder Management
- Identify Stakeholders
- Inputs: Project Charter, Project Management Plan, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Data Analysis, Data Gathering, Stakeholder Analysis, Meetings
- Outputs: Stakeholder Register, Project Document Updates
- Plan Stakeholder Engagement
- Inputs: Project Charter, Project Management Plan, Stakeholder Register, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Data Analysis, Meetings
- Outputs: Stakeholder Engagement Plan
- Manage Stakeholder Engagement
- Inputs: Project Management Plan, Stakeholder Engagement Plan, Work Performance Data, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Communication Methods, Interpersonal and Team Skills, Meetings
- Outputs: Issue Log, Change Requests, Project Management Plan Updates, Project Document Updates
- Monitor Stakeholder Engagement
- Inputs: Project Management Plan, Stakeholder Engagement Plan, Work Performance Data, Enterprise Environmental Factors, Organizational Process Assets
- Tools and Techniques: Expert Judgment, Data Analysis, Decision Making, Meetings
- Outputs: Work Performance Information, Change Requests, Project Management Plan Updates, Project Document Updates
Key Vocabulary by Knowledge Area:
Project Integration Management
- Project charter: a document that formally authorizes a project or a phase and provides the project manager with the authority to apply organizational resources to project activities.
- Project management plan: a document that describes how the project will be executed, monitored, and controlled.
- Change control: the process of identifying, documenting, approving or rejecting, and controlling changes to the project baselines.
- Work performance data: the raw observations and measurements identified during activities being performed to carry out the project work.
- Work performance information: the performance data collected from various controlling processes, analyzed in context and integrated based on relationships across areas.
- Change request: a formal proposal to modify any document, deliverable, or baseline.
- Project management plan updates: changes to the project management plan that are approved and implemented.
- Project document updates: changes to project documents that are approved and implemented.
Project Scope Management
- Project scope statement: a document that describes the project scope, major deliverables, assumptions, and constraints.
- Work breakdown structure (WBS): a hierarchical decomposition of the total scope of work to be carried out by the project team.
- Scope baseline: the approved version of the project scope statement, WBS, and WBS dictionary.
- Scope creep: the uncontrolled expansion to project scope without adjustments to time, cost, and resources.
- Gold plating: the act of adding unnecessary features or functions to a project beyond what is required to meet the project scope.
- Requirements traceability matrix (RTM): a table that links requirements to their origin and traces them throughout the project life cycle.
- Scope validation: the process of formalizing acceptance of the completed project deliverables.
- Scope control: the process of monitoring the status of the project scope and managing changes to the scope baseline.
Project Schedule Management
- Activity list: a comprehensive list of all the activities required to complete the project.
- Activity attributes: the additional information related to each activity, such as activity codes, descriptions, and predecessors.
- Milestone list: a list of significant events in the project, such as the completion of a major deliverable or the end of a project phase.
- Project schedule network diagram: a graphical representation of the logical relationships among the project schedule activities.
- Critical path method (CPM): a technique used to determine the amount of time required to complete a project and identify the activities that are critical to the project schedule.
- Schedule baseline: the approved version of the project schedule that is used as a basis for comparison to actual results.
- Schedule compression: techniques used to shorten the project schedule duration without changing the project scope.
- Schedule control: the process of monitoring the status of the project schedule and managing changes to the schedule baseline.
Project Cost Management
- Cost management plan: a document that describes how the project costs will be planned, structured, and controlled.
- Cost baseline: the approved version of the project budget that is used as a basis for comparison to actual results.
- Earned value management (EVM): a technique used to measure project performance by comparing the planned value, earned value, and actual cost of work completed.
- Estimate at completion (EAC): the expected total cost of the project based on the current project performance.
- Cost control: the process of monitoring the status of the project costs and managing changes to the cost baseline.
- Cost of quality (COQ): the cost incurred to ensure that the project deliverables meet the required quality standards.
- Life cycle costing: the process of evaluating the total cost of ownership of a product or service over its entire life cycle.
Project Quality Management
- Quality management plan: a document that describes how the project quality will be planned, structured, and controlled.
- Quality metrics: the measurements used to evaluate the quality of the project deliverables.
- Quality control: the process of monitoring the project results to ensure that they meet the required quality standards.
- Quality assurance: the process of evaluating the project results to ensure that they meet the required quality standards.
- Cost of quality (COQ): the cost incurred to ensure that the project deliverables meet the required quality standards.
- Six Sigma: a methodology used to improve the quality of the project deliverables by reducing defects and variability.
- Lean Six Sigma: a combination of Six Sigma and lean manufacturing principles used to improve the quality of the project deliverables by reducing waste and increasing efficiency.
Project Resource Management
- Resource management plan: a document that describes how the project resources will be planned, structured, and controlled.
- Resource calendar: a schedule that shows when each resource will be available to work on the project.
- Resource breakdown structure (RBS): a hierarchical decomposition of the project resources by category and type.
- Responsibility assignment matrix (RAM): a matrix that shows the project resources assigned to each project activity.
- Resource leveling: the process of adjusting the project schedule to ensure that the required resources are available when needed.
- Resource smoothing: the process of adjusting the project schedule to ensure that the resource utilization is consistent over time.
- Team charter: a document that describes the team's purpose, goals, roles, and responsibilities.
Project Communication Management
- Communication management plan: a document that describes how the project communication will be planned, structured, and controlled.
- Communication methods: the channels used to transmit project information, such as email, phone, or meetings.
- Communication technology: the tools used to facilitate project communication, such as email, instant messaging, or video conferencing.
- Communication models: the frameworks used to understand how communication works in a project, such as the Shannon-Weaver model or the transactional model.
- Communication feedback: the process of providing feedback on the effectiveness of project communication.
- Communication barriers: the obstacles that can prevent effective project communication, such as language barriers, cultural differences, or technical issues.
- Stakeholder engagement assessment matrix: a tool used to assess the level of engagement of project stakeholders.
Project Risk Management
- Risk management plan: a document that describes how the project risks will be identified, analyzed, and managed.
- Risk register: a document that lists all the identified project risks and their characteristics.
- Risk probability and impact assessment: the process of evaluating the likelihood and consequences of each identified project risk.
- Risk response planning: the process of developing strategies to address each identified project risk.
- Risk mitigation: the process of reducing the probability and/or impact of each identified project risk.
- Risk avoidance: the process of eliminating the probability and/or impact of each identified project risk.
- Risk transfer: the process of shifting the probability and/or impact of each identified project risk to another party.
Project Procurement Management
- Procurement management plan: a document that describes how the project procurement will be planned, structured, and controlled.
- Procurement statement of work (SOW): a document that describes the goods or services to be procured for the project.
- Procurement documents: the documents used to solicit bids or proposals from potential vendors, such as the request for proposal (RFP) or request for quotation (RFQ).
- Source selection criteria: the criteria used to evaluate and select the best vendor for the project.
- Contract types: the types of contracts used to procure
Project Stakeholder Management
- Stakeholder: anyone who has any interest in what you are doing. This includes individuals, groups, or organizations that could impact or be impacted by a decision, activity, or outcome of a project.
- Stakeholder analysis: a method of systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project. It involves identifying and understanding the interests, influence, interdependencies, and potential impact of stakeholders on the project.
- Stakeholder engagement: the process of communicating and working with stakeholders to meet their needs and expectations, and to address issues and concerns. It involves developing and implementing strategies to involve stakeholders in project decisions and activities.
- Stakeholder management plan: a document that describes how stakeholder engagement will be planned, structured, and controlled. It includes information on stakeholder identification, analysis, engagement, and communication.
- Stakeholder register: a document that lists all the identified project stakeholders and their characteristics, such as their interests, influence, and level of involvement.
- Stakeholder mapping: a technique used to visually represent the relationships between stakeholders and the project. It can help identify potential conflicts and opportunities for collaboration.
- Stakeholder communication: the process of exchanging information with stakeholders to keep them informed about the project status, progress, and changes. It involves developing and implementing a communication plan that addresses the needs and preferences of different stakeholders.
- Stakeholder influence: the degree to which stakeholders can affect or be affected by the project. It is important to identify and manage stakeholders with high influence to ensure their support and minimize their resistance.
- Stakeholder engagement assessment matrix: a tool used to assess the level of engagement of project stakeholders. It can help identify stakeholders who require more attention and resources to ensure their needs are met.
- Stakeholder satisfaction: the degree to which stakeholders are satisfied with the project outcomes and their involvement in the project. It is important to monitor and address stakeholder concerns and issues throughout the project to ensure their satisfaction.
Formulas
Here are the PMP Exam formulas for each knowledge area per the PMBOK 7th edition:Integration Management
- Project Selection Methods: Benefit-Cost Ratio (BCR), Economic Value Added (EVA), Internal Rate of Return (IRR), Net Present Value (NPV), Opportunity Cost, Payback Period
Scope Management
- Planned Value (PV) = Budget at Completion (BAC) x Planned % of Work Completed
- Earned Value (EV) = Budget at Completion (BAC) x % of Work Completed
- Actual Cost (AC) = Total Cost of Work Completed (TCWP)
- Cost Performance Index (CPI) = EV / AC
- Schedule Performance Index (SPI) = EV / PV
Schedule Management
- Planned Value (PV) = (Total Project Budget) x (% of Work Scheduled)
- Earned Value (EV) = (Total Project Budget) x (% of Work Completed)
- Actual Cost (AC) = Total Cost of Work Completed (TCWP)
- Cost Performance Index (CPI) = EV / AC
- Schedule Performance Index (SPI) = EV / PV
Cost Management
- Planned Value (PV) = Budget at Completion (BAC) x Planned % of Work Completed
- Earned Value (EV) = Budget at Completion (BAC) x % of Work Completed
- Actual Cost (AC) = Total Cost of Work Completed (TCWP)
- Cost Variance (CV) = EV - AC
- Schedule Variance (SV) = EV - PV
- Cost Performance Index (CPI) = EV / AC
- Schedule Performance Index (SPI) = EV / PV
- Estimate at Completion (EAC) = BAC / CPI
- Estimate to Complete (ETC) = EAC - AC
Quality Management
- Cost of Quality (COQ) = Prevention Costs + Appraisal Costs + Internal Failure Costs + External Failure Costs
Resource Management
- Resource Utilization = Actual Work / (Actual Work + Remaining Work)
- Resource Availability = (Total Working Hours - Holidays - Leaves) x Resource Utilization
Communications Management
- Communication Channels = n(n-1) / 2, where n is the number of stakeholders
Risk Management
- Risk Exposure = Probability x Impact
- Expected Monetary Value (EMV) = Probability x Impact x Cost
Procurement Management
- Point of Total Assumption (PTA) = (Ceiling Price - Total Cost) / Buyer's Share Ratio + Target Cost
- Contract Cost = Fixed Price + Cost Reimbursable + Incentives
Stakeholder Management
- Stakeholder Engagement Assessment Matrix: Power/Interest Grid, Power/Influence Grid, Influence/Impact Grid