Pmp Exam Process Groups And Knowledge Areas

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

Integration, Scope, Schedule, Cost, Quality, Resource, Communications, Risk, Procurement, Stakeholder.

Formally authorizes the project; appoints PM; created in Initiating. Without it, you're not officially a project.

Project: temporary, unique product.
Program: related projects coordinated for shared benefits.
Portfolio: collection of projects + programs aligned to strategic objectives.

Scope, Time, Cost — change one and at least one other moves. Quality often added as a 4th dimension.

Hierarchical decomposition of total project scope into deliverables. Lowest level = work packages.

Document describing each WBS element: code, scope, owner, milestones, cost, contract info.

Deliverable → Work Package (managed unit, scheduled and costed) → Activity (atomic action listed in schedule).

Longest path through schedule network; sets project duration. Activities on the critical path have zero total float.

Float (slack): how long an activity can slip without delaying project.
Lead: overlap (start successor before predecessor finishes).
Lag: forced delay between activities.

Crashing: add resources to shorten activity (more cost).
Fast-tracking: run activities in parallel that were planned sequential (more risk).

CV = EV - AC (cost variance).
SV = EV - PV (schedule variance).