PMP® Exam Prep Accelerated Learning to Pass the Project Management Professional (PMP)® Exam By Rita Mulcahy, PMP, et. al * RMCousucarons Minnetonka, MinnesotaCopyright® 2020 RMC Publications, Ine.” [Al rights reserved, Except as permitted under the United States Copyright Act of 1976, no past of this publication maybe zeproduced or distributed in any formorby any means or stored:n a database orretrieval system, without the prior written permission of the publisher. Printed in the United States of America First Printing ISBN 978-1-943704-18-7 Library of Congress Control Number: 2019951535 Ticks of the Trade and PM FAS Track are registered trademarks of RMC Project Management, Inc: Rites Process Chart Ritas Process Game, RMC Learning Solutions, and RMC Publications, Inc. ar trademarks of RMC Project Management, Inc PMI, PMP, PMBOK, CAPM, and OPM aze registered mats ofthe Project Management Institute, Inc ‘This publication contains material from A Guide to the Project Management Body of Knowledge (PMBOK* Guise)—Sixth Edition, which is copyrighted material of, and owned by) Project Management Institute, Inc. (PMI, copyright 2017, This publication has been developed and reproduced with the permision of PML ‘Unauthorized reproduction of this material is strictly prohibited. “This publication uses the following terms trademarked by the Project Management Institute, Ines Project “Mansgernent Tnetifte (PMI) Project Management Professional (PMP)",A Guide o the Project Management Body of Knowledge (PMBOK" Guide), Certified Astociate in Project Management (CAPM); amt (Organizational Project Management Maturity Model (OPM3)" TBAT and the TIBAT logo are registered trademarks owned by International Institute of Business Analysis 8° RMCovesicsrons~ Phone: 952.846.4484 Fax: 952.846.4844 Email: info@emels.com Web: srwvermelscom‘This and all editions of this book are dedicated to Rita Mulcahy. Her vision made RMC the company it is today. She had a profound influence on so many people—her readers, her students, and, not least, her employees. ‘May we all apply what we learned from her and embody her passion for improving our organizations, our communities, and our world through effective project management. 952.846.4484 # i © 2020 RMC Publications, lac."Content: Acknowledgments History of This Book Introduction to the Tenth Edition Chapter 1 Tricks of the Trade® for Studying for This Exam Qualifying to ‘Take the Exam Are You Ready for the PMP Exam? Applying to Take the Exam How to Use This Book Other Materials to Use to Study for the PMP Exam ‘What is the PMP Exam Like? How to Study for the PMP Exam Recurring Themes—PMLisms to Know for the PMP Exam Chapter 2 Framework Fundamental Project Management Concepts. Project Management's Organizational Context Project Selection Project Roles Business Environment (ECO Domain III) Chapter 3 Processes and Domains The Project Life Cycle Project Management Process Groups Project Management by Domains Structural Differences: ‘The Process Groups and Domains Final Exercise: Project Management Scramble Game Chapter 4 Integration Develop Project Charter Develop Project Management Plan Direct and Manage Project Work Monitor and Control Project Work Perform Integrated Change Contro! Close Project or Phase © 2020 RAC Publications, Inc.” # 962.846.4484 © informe. com wnermels.com xi xii 57 87 58 83 87 88 99 101 105 1 114 116 121Contents vi Chapter 5 Scope Scope Management Fundamentals Scope Management Planning Requirements Gathering Define Scope Scope Decomposition Validate and Control Scope Chapter 6 Schedule Planning Schedule Management Defining and Sequencing Activities Estimating the Schedule Preparing the Schedule Control the Project Schedule Chapter 7 Cost Plan and Estimate Project Costs Manage Costs Chapter 8 Quality Plan Quality Management Manage Quality Control Quality Quality Management Tools and Techniques Understanding the Tools and Techniques Used in Quality Management Putting It AU Together Chapter 9 Resources Estimate Resource Requirements Acquire and Refease Resources Develop Team Manage Team Control Resources Chapter 10 Communications ‘The Foundation of Communications Communications Planning Effective Communications Monitor Communication Effectiveness {© 2020 RMC Publications, Inc.™ » 952.846.4484 « nfo@arcls.cm # vr 135 136 138 139 148 150 156 169 170 Tal 176 187 207 223 224 229 253 260 262 262 263 278 281 295 307 309 313 321 333 347 348. 354 387 360Chapter 11. Risk Introduction to Risk Management Implement Risk Responses Monitor Risk Chapter 12 Procurement Procurement Fundamentals Procurement Process Overview Understanding Contracts Plan Procurements Conduct Procurements ‘Managing Procurements Chapter 13 Stakeholders Stakeholder Involvement in Projects Stakeholder Analysis Plan Stakeholder Engagement Implement Stakeholder Strategy Monitor Stakeholder Engagement Chapter 14 Tips for Passing the PMP Exam the First Time Putting It All Together Understanding Inputs and Outputs Formulas to Know for the Exam Before You Take the Exam ‘Tricks for Taking and Passing the PMP Exam Common Project Management Errors and Pitfalls A Day-in-the-Life Endnotes Index (© 2020 AMC Puoiicatons, na # 952.846.4484 « ino@emcis.com « way. 413 41s 41s 416 434 440 444 467 469 471 475, 480 482 491 491 496 498 499 soo 502 507 523 Contents viiAcknowledgments ‘The following people made invaluable contributions to this book: Subject Matter Experts Mike Griffiths, PMI-ACP, PMP, CSM. ‘Margo Kirwin, CPLP, PMP, PMI-ACP, PMI-PBA, Project Manager/Content Editor Levi Satterlee Tori Tucnquist Copy Editor/Production Editor Patti Frazee, PMP Content Reviewers/Contributors Sonja Almlie, PMP, CCBA, PMI-ACP, CSM Barbara A. Carkenord, CBAP, PMP, PMI-PBA, PMI-ACP, MBA, Cheryl Carstens, CAPM, PMP Patricia Henao, PMP, CPE, CSM Ursula Rusay, PMP, PMI-ACP Elaine Marans, PMP, CBAB, PMI-PBA Nah Wee Yang, PMP, PMLACP, SCPM Additional Contributors Jason Craft Tim Mulcahy ‘Mary Pat Shaffer © 2020 AMC Publications, ne” * 962.846.4484 » informe. com » wxemels.com