What are the 47 processes of project management?

The 47 project management processes, defined in the PMBOK Guide 5th Edition, are categorized into 10 Knowledge Areas (like Scope, Time, Cost, Risk) and 5 Process Groups (Initiating, Planning, Executing, Monitoring & Controlling, Closing), providing a comprehensive framework for managing projects, with key processes including Develop Project Charter, Define Scope, Develop Schedule, Estimate Costs, Perform Quality Assurance, Acquire Project Team, Plan Communications, Plan Risk Management, Plan Procurements, and Identify Stakeholders. While the 5th Edition had 47, later editions (like the 6th and 7th) evolved to have 49 or a more agile focus, but the core 47 remain foundational for understanding the detailed activities.

What is the 80 20 rule in PMP?

The 80/20 rule (Pareto Principle) in PMP (Project Management Professional) context means 80% of project results come from 20% of the tasks, efforts, or causes, highlighting the need to prioritize high-impact activities for maximum efficiency. Project managers use it to focus on the vital few tasks (the 20%) that drive most outcomes, like solving critical issues or managing key stakeholders, rather than spreading efforts thinly across less important items.
 

What are the processes of project management?

The project life cycle is broken down into five project management phases: initiation, planning, execution, monitoring, closure. These phases are your road map as you and your team conquer complicated projects. Meet Sofia.

What is the rule of 7 in PMP?

In PMP (Project Management Professional) terms, the Rule of Seven is a quality control heuristic for control charts: if seven or more consecutive data points fall on the same side of the center line (mean), it signals an out-of-control process, even if within control limits, indicating a trend or special cause needs investigation. It suggests a shift in the process mean or an influential external factor, requiring a project manager to look for assignable causes, such as a change in equipment or method, rather than just random variation.
 

What are the 5 C's in project management?

The 5 Cs of Project Management typically refer to Complexity, Criticality, Compliance, Culture, and Compassion, providing a holistic framework to balance project work with human elements for better outcomes, though other variations exist focusing on communication or strategy. The first three (Complexity, Criticality, Compliance) address the project's technical aspects, while Culture and Compassion focus on the people involved, guiding managers on how much structure versus empathy is needed at different stages.
 

The 47 PMBOK Process made simple

What is the 100% rule in PMP?

This rule states that the WBS includes 100% of the work defined by the project scope and captures ALL deliverables—internal, external and interim—in terms of work to be completed, including project management.

What are the 12 steps of project management?

What are the 12 essential principles of project management?

• Establish the project structure. ...
• Define project goals and objectives. ...
• Identify a project sponsor. ...
• Form roles and responsibilities. ...
• Ensure team accountability. ...
• Manage project scope and changes. ...
• Create a risk management plan. ...
• Monitor progress.

How many processes are in PMP?

The Project Management Professional (PMP) certification exam is based on the Project Management Body of Knowledge (PMBOK) Guide published by the Project Management Institute (PMI). The PMBOK Guide currently identifies 49 processes that fall into five basic process groups needed to manage a project successfully.

What are the 5 basic functions of project management?

The five main roles in project management, often tied to the project lifecycle, involve Initiating (defining vision/scope), Planning (creating the roadmap, budget, schedule), Executing (leading the team, doing the work), Monitoring & Controlling (tracking progress, managing risks/issues), and Closing (finalizing deliverables, lessons learned). Essentially, a project manager acts as the planner, leader, organizer, communicator, and problem-solver to guide a project from start to finish successfully.
 

What is the 50 50 rule in PMP?

50/50 Rule: An activity is considered 50% complete when it begins and gets credit for the rest 50% only when it is completed. 20/80 Rule: An activity is considered 20% complete when it begins and gets credit for the rest 80% only when it is completed.

What is the Pareto rule?

What is the Pareto principle? The Pareto principle states that for many outcomes, roughly 80% of consequences come from 20% of causes. In other words, a small percentage of causes have an outsized effect.

What is the PMP fail rate?

PMP Exam is Challenging: The failure rate is approximately 40%, reflecting the exam's rigor and the necessity for comprehensive preparation. Options After Failing: Analyze performance, identify weak areas, revamp study plans, and consider professional training programs like PMTI's boot camps to improve your chances.

Can I pass PMP in 3 months?

Yes, passing the PMP in 3 months is achievable with a focused, smart study plan, requiring about 150-200 total hours, averaging 2-3 hours daily, emphasizing practice exams, understanding the PMI mindset, and consistency over simply studying harder, not just longer. A good strategy involves completing mandatory training early, then dedicating significant time to PMBOK/Agile study and ample mock exams with detailed review to fill knowledge gaps. 

What are the 7 types of project management?

The main project management methodologies include Waterfall, Agile, Scrum, Kanban, Lean, Critical Path, and Six Sigma. Each methodology has its own strengths and is suited for different types of projects and team dynamics.

What are the 4 values of PMP?

The values that the global project management community defined as most important were: responsibility, respect, fairness, and honesty. This Code affirms these four values as its foundation.

What are the 4 types of project managers?

Based on a Harvard Business Review model, the four types of project managers for organizational growth are the Prophet (visionary, strategic), the Gambler (risk-taker, opportunity-focused), the Expert (data-driven, experienced), and the Executor (detail-oriented, implementer), each essential for different growth stages and project types, notes Harvard Business Review. 

How many correct to pass PMP?

The Project Management Institute (PMI) does not disclose much information about the PMP exam passing score. In 2005, they shared a passing score of 61%, but they have since stopped publishing any passing scores and changed the PMP exam format multiple times, with the newest update to the exam in 2021.

What are the 33 project documents in PMP?

• Document: Activity attributes. Process: Define activities. ...
• Document: Activity list. Process: Define activities. ...
• Document: Assumption log. Process: Develop project charter. ...
• Document: Basis of estimates. ...
• Document: Change log. ...
• Document: Cost estimates. ...
• Document: Cost forecasts. ...
• Document: Duration estimates.

What are the 5 pillars of project management?

The 5 Pillars of Project Management: Initiation, Planning, Execution, Monitoring & Controlling, Closure.

How to remember 12 agile principles?

The 12 Agile Principles

1. Satisfy the Customer Through Early and Continuous Delivery of Valuable Software. ...
2. Welcome Changing Requirements, Even Late in Development. ...
3. Deliver Working Software Frequently. ...
4. Business People and Developers Must Work Together. ...
5. Build Projects Around Motivated Individuals.

What are the 4 P's of project management?

The 4 Ps of Project Management provide a framework for success, typically focusing on People, Product, Process, and Project (or sometimes Performance, Plan, or Power), emphasizing that all elements must be balanced for effective delivery, covering team dynamics, deliverables, workflows, and overall project management. Mastering these interconnected areas ensures teams address the right needs, use efficient methods, and deliver valuable results, acting like the wheels on a car where one flat wheel stops the journey.
 

What is the 70 30 rule in project management?

By completing 70% of the project value within the first 30% of the project duration, project managers can enjoy lower interest expenses, improved cash flow, better control, and increased stakeholder confidence. Furthermore, this rule serves as an effective risk mitigation tool.

What are the 4 levels of WBS?

A 4-level Work Breakdown Structure (WBS) hierarchically breaks down a project from the overall Project Goal (Level 1) into major Phases/Deliverables (Level 2), then into detailed Sub-Deliverables/Milestones (Level 3), and finally into the smallest actionable units called Work Packages/Tasks (Level 4), ensuring 100% of project work is captured for easier management, estimation, and tracking, with the lowest level being assignable work.
 

What is lower than a PMP?

Because the CAPM is geared toward entry-level project managers or those who are considering a project management career, the CAPM exam is widely considered to be less rigorous than the PMP exam.