Tips for ITTO - Part - 2

4. Project Cost Management -

• Cost estimating - Daily PVR Cinema is A Boring Plan - Determine resource cost rates, Project management software, Vendor bid analysis, Reserve analysis, Cost of quality, Analogous estimating, Bottom up estimating, Parametric estimating


• Cost budgeting - CRPF - an indian police battalion - Cost aggregation, Reserve analysis, Parametric estimating, Funding limit reconciliation


• Cost control - Very Poor Performance in PMP exam Causes Failure - Variance management, Performance measurement analysis, Project performance reviews, Project management software, Cost change control system, Forecasting

5. Project Quality Management -

• Quality Planning - D Comes After B & C - Design of experiments, Cost-benefit analysis, Additional quality planning tools, Benchmarking, Cost of quality


• Perform Quality Assurance - PQ - Process Analysis, Quality audits


• Perform Quality Control - Sensors Help In Detecting Fire & Cause Remote Sirens to Continously Play - Scatter diagram, Histogram, Inspection, Defect repair review, Flowcharting, Cause & effect diagram, Run chart, Statistical sampling, Control charts, Pareto chart

6. Project Human Resource Management

• Human Resource Planning - NOO - Networking, Organizational theory, Organization charts & position descriptions


• Acquire project team - Present NAV - Pre-assignment, Negotiation, Acquisition, Virtual teams


• Develop Project Team - Ground rules in Training & Team-building Generally Reduces Controversies - Ground rules, Training, Team building activities, General management skills, Recognition & rewards, Co-location


• Manage Project Team - COPI-er - Conflict management, Observation & conversation, Project performance appraisal, Issue log

Tips for memorizing ITTO (PMBOK 4th Edition) - Part 1

Tips for memorizing ITTO (PMBOK 4th Edition) - Part 2