PMP Download 1

Standard Deviation Squared SD²

[(P-O)/6]2

• P = Pessimistic
• O = Optomistic

TRUE

- temporary endeavor with a beginning and an end

- creates a unique product, service, or result

• - Initiating
• - Planning
• - Executing
• - Monitoring and Controlling
• - Closing

• - PM Framework
• - PM Processes
• - Integration
• - Scope
• - Time
• - Cost
• - Quality
• - Human Resources
• - Communications
• - Risk
• - Proceurement Management

• Advantages:
• - Easier management of specialists
• - Team members report to only one supervisor
• - Similiar resources are centralized, as the company is grouped by specialists
• - Clearly defined career paths in areas of work specialization

• Disadvantages
• - People place more emphasis on their functional speciality to the detriment of the project
• - No career path in project management
• - The project manager has little or no authority

• Advantages:
• - Efficient proejct organization
• - Loyalty to the project
• - More effective communications than functional

• Disadvantages
• - No 'home' when project is completed
• - Lack of professionalism in disciplines
• - Duplication of facilities and job functions
• - Less efficient use of resources

• Advantages
• - Highly visible project objectives
• - Improved project manager control over resources
• - More support from functional areas
• - Maximum utilization of scarce resources
• - Better coordination
• - Better horizontal and vertical dissemination of information
• - Team members maintain a 'home'

• Disadvantages:
• - Extra administration is required
• - More than one boss for project teams
• - More complex to monitor and control
• - Tougher problems with resource allocation
• - Need extensive policies and procedures
• - Functional managers may have different priorities than project managers
• - Higher potential for conflict