Process Flow

1. Create Project Management Plan
2. Use Stakeholders Register as input use Collect Requirement Process to create Requirement Docs
3. Use Define Scope Process to create Project Scope Statement
4. Use Create WBS Process to create WBS, Scope Baseline
5. Plan for Changes, create change management plan
6. Use Define Activities Process to create Activity List and Milestone List
7. Use Sequence Activities Process to create Network Diagram of Activities
8. Use Estimate Activity Resources Process to create Activity Resource Estimates
9. Use Estimate Activity Duration Process to create Activity Duration Estimates
10. Use Develop Schedule Process to create Schedule baseline
11. Use Plan Risk Management Process to create Risk Management Plan
12. Use Identify Risk Process to create Risk Register
13. Use Perform Qualitative Risk Analysis Process to create Prioritized Risk Register
14. Use Perform Quantitative Risk Analysis Process to create Quantifies Risk Register
15. Use Plan Risk Responses Process to create Contingency Reserves and Contingency Plans
16. Use Estimate Cost Process to create Activity Cost Estimates
17. Use Determine Budget Process to create Cost baseline
18. Use Plan Quality Process to create Quality Management Plan and Quality Metrix
19. Use Develop HR Plan to create HR plan which is one of the input to estimate cost process
20. Use Plan Communication Process to create Communication Management Plan
21. Use Plan Procurements Process to create Procurement Plan

Key Points

• PERT (Optimistic + 4 * (Realistic) + Pessimistic) / 6
• Communication Channels N * (N-1) / 2
• Total Float: Amount of time activity can be delayed without impacting whole project
• Free Float: Amount of time activity can be delayed before the next process starts
• Schedule Crashing: Increase cost reduce schedule
• Fast Tracking: Fast forwarding schedule increases risk
• Resource Leveling: Schedule increase
• Project risks are always in future
• Risk can be bad or good
• Common approaches to treat: Avoid, Transfer, Mitigate and Accept
• Common approaches to opportunity: Exploit, Share, Enhance and Accept
• Secondary Risk: Risk surfaced due to implementation of risk response
• Residual Risk: Risk remain
• Rough Order Magnitude (ROM): Ballpark estimate
• Communication Types: Push -> Email, Pull -> Website and Interactive -> One on One meeting
• RACI Chart: R->Responsible, A->Accountable, C->Consulted, I->Informed
• Design of Experiment: Variable based approach
• Benchmarking: Comparing with other project
• Component of COQ (Cost Of Quality): Preventative Cost, Appraisal Cost, Internal Failure Cost and External Failure Cost
• Contract Types: Cost reimbursable,  T&M, Fixed Price