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Here is the list of main changes:
- New knowledge area called ‘Stakeholder Management’
- 5 new processes have been added (going from 42 to 47 Processes)
- Definition of a Project Management Office (PMO) expanded.
- Project life cycles expanded.
- Direct and Manage Project Execution’ changed to ‘Direct and Manage Project Work’
- Addition of ‘Plan Scope Management process’
- ‘Verify Scope’ changed to ‘Validate Scope’
- Addition of ‘Plan Schedule Management’
- Addition of ‘Plan Cost Management’
- 'Plan Quality’ changed to ‘Plan Quality Management’
- ‘Perform Quality Control’ changed to ‘Control Quality’
- ‘Develop Human Resource Plan’ changed to ‘Plan Human Resource Management’
- ‘Monitor and Control Risks’ changed to ‘Control Risks’
- ‘Plan Procurements’ changed to ‘Plan Procurement Management’
- ‘Administer Procurements’ changed to ‘Control Procurements’
- Addition of ‘Plan Stakeholder Management’
- ‘Manage Stakeholder Expectations’ changed to ‘Manage Stakeholder Engagement’
- Addition of ‘Control Stakeholders Engagement’
- ‘Work performance measurement’ changed to ‘Work performance data’
- ‘Positive Risk’ changed to ‘Opportunity’
As you prepare for your PMP Exam, you should know that there are many PMPExam formulas that you will be expected to know. Among them are Earned Value, PERT, communications channel and about 40 others you must have memorized.
Since these formulas must be in your head, you will not be allowed to bring your own personal calculator into the exam room with you because it could have some of the formulas saved with it.
However, some of the calculations you will be required to complete are likely to be complex enough that they will require the use of a calculator. So during the exam you will have to use the Microsoft Windows-based calculator.
It’s important for you to be prepared for all facets of your PMP Exam, and being comfortable with the Windows calculator should be included in your preparation.
That’s why after learning that they will not be allowed to bring their own calculator into the exam room, most people simply stop using their hand-held calculators and fire up the Windows calculator every time they are faced with a formula in a sample question. I recommend that you do the same.
And here is my most surprising recommendation: use the calculator for every single calculation you have to make: 100 divided by 2? Use the calculator. 3 times 10? Use the calculator.
The reason for this is simple: Taking an exam is stressful and it’s easy to make a silly mistake in your head. And we don’t want 100 divided by 2 to suddenly to be 200. So use the calculator.
Passing your PMP Exam is too important to your future. It will be stressful and you may struggle to have enough time to finish it. It only makes sense to use all of the tools you have at your disposal to make it as easy as possible. This includes being prepared to use the Windows based calculator.
Cornelius Fichtner, PMP
The PM Prepcast
The terms leads and lags are used to identify and control the timing of various activities within the project. It is important to accurately document leads and lags.
Lead Time: Let's assume a project has two pieces that need to be completed at the same time. Work package A will take 4 weeks to complete, but work package B only takes one week. B would show in the project plan as a finish to start (FS) with a one week lead. This means the B work package component should start one week before A is scheduled to be completed.
Lag Time : Lag time can best be described as a planned or forced delay. A great example of this is a construction project that involves pouring concrete. The project plan must include a lag time of 2 days for the concrete to dry before the next phase can begin.
Hammock Activity: Hammock activity is also frequently referred to as summary activity. These are activities that are roughly related and are reported as a single activity. Some times the relationship between the activities is clear, other times they may only be related because their completion leads to the same result. On a gantt chart a hammock activity is usually displayed as a thick black bar above a grouping of lower level activities.
Cornelius Fichtner, PMP