PMP: Project Management Concepts

What are the five project management process groups defined by the PMBOK Guide?

Initiating, Planning, Executing, Monitoring & Controlling, and Closing.

Define the 'Critical Path' in a project schedule.

The longest sequence of activities that determines the shortest possible duration of the project.

What is the primary purpose of the Project Charter?

To formally authorize the existence of a project and provide the project manager with authority to apply resources.

In Earned Value Management, what does a Cost Performance Index (CPI) of 1.2 indicate?

The project is under budget, earning 1.20 dollars of value for every 1.00 dollar spent.

What is the difference between 'Push' and 'Pull' communication methods?

Push communication is sent to specific recipients (e.g., emails), while Pull communication requires recipients to access content at their own discretion (e.g., intranet).

What is the formula for calculating Schedule Variance (SV)?

SV = Earned Value (EV) - Planned Value (PV).

Define 'Gold Plating' in the context of project scope management.

The practice of providing more than what the customer requested or what is defined in the scope baseline.

What is the primary role of a Scrum Master in an Agile environment?

A servant-leader who facilitates the Scrum process, removes impediments, and ensures the team follows Agile principles.

Explain the 'Mitigate' risk response strategy for negative risks.

Taking action to reduce the probability of occurrence or the impact of a threat to within acceptable threshold limits.

What is a Work Breakdown Structure (WBS)?

A hierarchical decomposition of the total scope of work to be carried out by the project team to accomplish project objectives.