Organizational Structure Types Every organization is a little different from every other organization. Just as no two projects are like no two organizations are identical. However, there are some generally accepted characteristics that describe the structure of an organization. So in this lecture we’re going to look at these different organizational structures. It’s really we’re talking about how the organization is built. This influences the amount of power that you have as a project manager. So it’s important to recognize these for your exam because you may get an exam…

Processes, Policies, and Procedures There are three things that can affect your project in your organization that’s your policies, the processes, and the procedures. So these are unique to each organization. So policies, processes, and procedures. Let’s take a look at how these affect the different areas from initiation all the way to closing of our project. First off, internal processes for project management, this is unique to your organization. So how do you manage the project? How is your project structured? What’s the framework of your project? Hopefully it’s…

Section Overview: Project Environments In this section, we’re going to discuss a very important exam topic. We’ve already talked a little bit about it in previous sections, but now we’re going to get into the very specifics. But what is the topic? Project environments. Remember the environment that you operate in as a project manager fact how you get to manage that project. So we need to look at the project environments. So some new terms for you. We’re going to look at enterprise environmental factors and organizational process assets….

Creating a Three-Point Cost Estimate A three-point estimate is an average of the cost. Now, we did the same estimate back in scheduling where we had optimistic most likely and pessimistic, also known as triangular distribution. You could do the same thing for cost. So if you remember we had that 25 plus 45 plus 75 and it was an average 48. 33 hours. So instead of time, just imagine that that were money exactly the same. Pert can also be used when it comes to predicting cost. So pert…

Section Overview: Project Cost Management Welcome to this section on project cost management. A lot of important things to talk about in cost management, there’s a lot of formulas and some math. So you want to pay attention to that business. In this section, we’re going to begin by looking at what is cost management, some trends and emerging practices and cost management. How do we plan the cost in your environment? So really important to create a cost management plan. We’ll look at estimating, the project cost and how…

Welcome to the PMP Exam Prep Seminar Welcome to this first section on your journey to earn the PMP. We have a lot of information to talk about in this section. We’re going to talk about the entire PMP exam prep course. I’m going to show you everything that we’re going to cover in this course. So this is a really good foundation. Foundation. A good overview of the work you have ahead of you. And yes, it’s work. You’re going to have a lot of activities, a lot of…

Project Resources Management Let’s talk about chapter nine in Pinback and resource management in particular, I want to talk about the human side first of resource management, I’m talking about emotional intelligence. Emotional intelligence. The ability to control my emotions and understand my emotions and the emotions of others. We have two types of emotional intelligence to be aware of. You have inbound, and that’s the self-management where I don’t blow up, I don’t lose my temper, I can control my feelings outbound about relationship management, that I don’t say…

Section Overview: PMP Blitz Review Welcome to the PMP blitz review. This is a mini cram session, if you will, of everything that we’ve talked about throughout this course. It’s jammed, packed, but I don’t linger. I mean, we move really fast through this section. So I’m warning you now. So the PMP Blitz Review, we’re going to talk about the initiating group planning, executing, monitoring, controlling, and closing all the way back to the beginning of the course. Then I’m going to hit the headlines from the nine knowledge…

Section Overview: PMBOK Guide, Sixth Edition Whenever the PMBOK Guide changes, which is about every three to five years, somewhere in there, there’s always a flurry of concern and worry, especially if people are on the verge of, well, which version of the Pmbok should I study for my exam? Of course you’re studying. Pmbok Guide, 6th edition. And in the 6th edition, there are some new things that have been introduced that you need to be aware of for your exam. So in this section, we’re going to drill…

Managing the Project Requirements Often when we think of requirements, we think of what are the things that the customer receives as a result of this project? So there are six different requirement types to look at. Let’s take a look here. First off, we have business requirements. These are the high level needs of the organization. Our business case and business value describes our business requirements. Then we have number two, stakeholder requirements. The needs, the stakeholder or stakeholder groups probably where most of us think of. Then we…