PMP Questions and Answers Lecture Notes

Overview

• Purpose: Prepare for the PMP exam using scenario-based questions from PMBOK Guide 7th edition.
• Format: 150 PMP questions, scenario-based with practical applications.

Key Themes from the Questions

Team Dynamics and Conflict Resolution

• Scenario of New Project Team:
  • Situation: New team, conflicts, team members blaming each other.
  • Action: Create a team charter to define roles and responsibilities.
• Managing Team Engagement:
  • Strategy: Foster high-performance culture through team goals and vision statement.
  • Tools: Daily stand-ups, Sprint reviews to maintain transparency and communication.

Risk Management

• Handling Risks:
  • Risk Analysis: Use a risk register to capture and monitor risks throughout the project.
  • Risk Response Strategies:
    • Escalate: When risks exceed project manager's authority.
    • Mitigation: Develop contingency plans.
• Risk Adjusted Backlog: Incorporate risks into product backlog prioritization.

Agile Practices

• Backlog Management:
  • Prioritization: Employ techniques like cost-benefit analysis, Moscow method to prioritize features.
  • User Stories: Decompose features into user stories and estimate their effort using Agile techniques (e.g., planning poker).
• Iterative Development:
  • Iterate: Deliver features in increments, gather feedback, and adjust based on user input.
  • Continuous Improvement: Use retrospectives to improve team dynamics and project management processes.

Project Control and Governance

• Change Management:
  • Formal Process: Follow the Change Control process for managing changes, and document in the change log.
• Status Reporting:
  • Tools: Use burn down charts to measure progress, and status reports to communicate to stakeholders.

Procurement Management

• Contract Management:
  • Selecting Vendors: Use criteria such as value delivery office or a suitable framework.
  • Cost Management: Understand different types of contracts (e.g., fixed price, cost-plus) related to project procurement.

Conclusion

• Preparation: Consistent studying and practice using scenario-based questions is essential for success in the PMP exam.
• Mindset: Emphasize continuous learning and adaptation in project management scenarios.