Brain Dump - Initial

Not bad for my first initial brain dump considering the exam is only 3 weeks away (who's counting)?.

Check this out:
Brain Dump April 21, 2008

Rita’s Process Chart

Initiating
Select PM
Determine Culture and existing Systems
Collect Processes, Procedures and Lessons Learned
Divide Project into Phases
Determine Stakeholders
Document Business Needs
Determine Project Objectives
Define Assumptions and Constraints
Develop Project Charter
Develop Preliminary Project Scope

Planning
Develop ‘how to plan’ planning documents
Develop Project Scope
Select Project Team
Develop WBS and WBS Dictionary
Develop Activity List
Create Network Diagram
Estimate Resource Requirements
Estimate Time and Cost
Determine Critical path
Develop Schedule
Develop Budget
Determine Quality standards, processes and metrics
Define Roles and Responsibilties
Develop Communications plans,
Develop Risk identification, qualitative & quantitative risk analysis, & response planning
Iteration
Determine what to purchase
Prepare Procurement documents
Finalize how to ‘execute’ and control aspects of all management plans
Create Process Improvement Plan
Develop final PM plan and performance Measurement baselines
Gain Formal Approval
Conduct Kick off meeting

Executing
Acquire final team
Execute the PM plan
Work to produce product
Recommend changes and corrective actions
Send and Receive Information
Implement approved changes, defect repair, preventive and corrective actions
Continuous improvement
Follow processes and procedures
Team Building
Give and receive recognition
Hold progress meetings
Use work authorization system
Request seller responses
Select seller

Monitoring and Controlling
Measure against performance baselines
Measure against performance management plans
Determine variances and if they warrant a corrective action or a change
Scope Verification
Configuration Management
Recommend changes, defect repair, preventive and corrective action
Integrated Change Control
Approve Changes, defect repair, preventive and corrective action
Risk Audits
Manage Reserves
Use Issue logs
Facilitate Conflict resolution
Measure team member performance
Report on performance
Create Forecasts
Administer Contracts


Closing
Develop Administrative Closing procedures
Perform Contract Closure
Scope Verification
Gain Formal acceptance of the product
Final Performance reporting
Index and Archive Project Records
Lessons Learned
Hand off Product
Release Resources

Project Management (I saw the car quickly hit Chris's rear plate)
Integration, Scope, Time, Cost, Quality, HR, Communications, Risk and Procurement

Integration
Project Charter
Project Scope
Develop PM plan
Direct and Manage Project Execution
Monitor and Control
Integrated Change Control
Closing

Scope Management
Scope Planning
Scope Definition
Create WBS
Scope Verification
Scope Closing

Time Management
Activities Definition
Activity Sequencing
Activity Resource Estimating
Activity Duration Estimating
Schedule Development
Schedule Control

Cost
Cost Estimating
Cost Budgeting
Cost Control

Quality

Quality planning
Quality Assurance
Quality control

Human Resource
Human Resource Planning
Acquire Project Team
Develop Project Team
Manage Project team

Communications
Communications Planning
Information Distribution
Performance Reporting
Manage Stakeholders

Risk
Risk Management Planning
Risk Identification
Qualitative Risk Analysis
Quantitative Risk Analysis
Risk Response Planning
Risk Monitoring and Controlling

Procurement
Plan Purchases and acquisitions
Plan Contracting
Request Seller Responses
Select Sellers
Contract Administration
Contract Closure


Formulas – the best I can do on 4/21/08

Know some basics: Always Fixed Values:
AC, PV, and BAC!

Know that Earned value analysis compares three values:

PV – Planned Value
(BCWS)
(The cost on what you planned)
(PMB: Performance Measurement Baseline)
EV – Earned Value
(Calculated ratio on how close you are to the plan)
(Percentage of the total budget equal to the percentage of work actually completed.)
(Also called BCWP – Budgeted Cost of Work Performed)
AC – Actual Cost
(ACWP)
Cost based on your timesheets

Variance – Always a subtraction, EV is first
SV = EV – PV
CV = EV – AC

Performance – index (always a division, EV on top)
SPI = EV/PV
CPI=EV/AC

Communications: N(N-1)/2 yeah! I remembered that one!!!
This is about all I can remember.

This is where you have to memorize!!!
PROJECTIONS
It is about EV
Note: 2 ESTIMATE AT COMPLETION formulas
EAC = AC + BAC – EV (Actual costs, Budget at Completion, and Earned Value)
EAC = BAC / CPI (Budget at Completion / Cost Performance Index)


Note: 1 VARIANCE AT COMPLETION formula
VAC = BAC – EAC (Budget at Completion – Estimate at Completion)


O.K., you might think this is repetitive, but my memory is always an uphill battle and I'm not sure who is winning this one!