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‘Aligned with the PMBOK Guide, Sixth Edition
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Common Risk Management Mistakes
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for All Courses at rmcls.com Founder of RMCPMP® Exam Prep
Accelerated Learning to Pass the
Project Management Professional (PMP)® Exam
By Rta Mulcahy, PMP, et.al
3* RMCrosuesnons>
Minnetonka, MimesotaCopyright© 2020RMCPablations ne
Al rights reserved. Except at permite under the United States Copyright Act of 1976, no pst of this
publation maybe epoduced or tributed in any form eb any ova or stored ina dats ort
‘Sate wut the por writen persion ofthe publabe.
Printed the United Sates of Ameria
ast Peitig
ISBN 9781943704187
Library of Congress Control Naber: 2019351535
“Ticks ofthe Tea ad PM FASTiack ae registered ademas of SMC Project Managment, Ins Riss
Process Chart Rita roces Game, RMC Leting Solitons and BMC Pabbeatons ie are temas of
[RMI Prject Management Ine
PMI, PMP, MBOK, CAPM, td OPMS ae registered markfthe Project Management insta Ins
“this publeation contains material from A Gude tthe Projet Management Body of Knowledge (PMBOK*
Guie)Sinth Eton, whch copyrighted material of and owed, Projet Management Ista Inc
(PMD, copyright 217. This poblcaton ha been deloped and reproduced wit the permission of PMI
Unauthorio epeodacin ofthis material sstictprobie.
“This publi uses the flowing ems tama by the Prot Management Isat, Inc: Project
-Manageeentlnstat (PMI) jet Mangement Profesional PND)’ A Grae othe Project Management
Body of Knowledge (PMBOR® Guide), Ceved. Asocate In Project Managemeat (CAPM, and
Orginal Project Management Matuity Model (OPM)
84° and the IBA og arrestee trades owned by ntratonal insite of Business Ars
 
© RMCrunucanons»
Phone: 952.846.4484
Fae 952.64844
Ema: infoghmalscom
Wobwnremdacom‘Thisandall editions ofthisbook ar dedicated to Rit Maleahy,
-ervsion made RMC the company ti today She had a profound
tafluence on s0 many peoples eaders ber ude
‘nd no east er employes
‘May weallapply what we ened from head embody her pasion for
proving our organizations oor community, ad ou weld
‘through effective project management
(© Z020ANC Rata, ne» 05246 446K nomen wa
ilContents
‘Acknowledgments
History of This Book
Introduction tothe Tenth Edition
Chapter 1 Tricks ofthe Trade® fr Studying for This Exam
Qing to Take the Exam
‘Ae You Ready for the PMP Exam?
‘Appvingto Take the Earn
Howto Ue This Book
Oder Materia to Ueto Sty forthe PMP Exam
‘Wha le the PMP Exam Like?
Hot Stady forthe PMP Exarn
-Recxring Themes —PMIsms to Know forthe PMP Ean
Chapter2 Framework
Fancamentl Project Management Concepts
Project Managements Organizational Context
Proje Selection
Project Roles
Busnes Enviroamest (ECO Domain It)
Chapter 3 Processes and Domains
“The Project Life Cyl
Projet Management Process Groupe
Projet Management by Domains
Structural Diferences: The Process Groups and Domai
ial Eure: Project Management Scramble Game
Chapter 4 integration
Dep Project Chater
Deveip Project Management Plan
Direc and Manage Project Work
“Moatorand Contra Projet Wick
sf Integrated Change Conta
Close Project or Phase
(© 2020 AUC tens ne» 552946484 fede wen
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1
10
1m
14
16
orContents
Chapter Scope
Scope Management Fundamentals
Seope Management Planing
Requirements Gathering
Define Seope
Vit nd Conta Scope
Chapter 6 Schedule
Panning Schedale Managorent
DeGiningand Sequencing Activites
Estimatngthe Schedule
Peparingthe Schedule
Contra the Projet Scedle
Chapter7 Cost
Plan and Estimate Project Cons
‘Manage Cots
Chapter 8 Quality
Pan Quality Management,
‘Manage Quality
Contal Quality
Cty Management Tool and Techniques
Understanding the Tools and Teciques Used in Qualty Management
ating I All Tosther
Chapter Resources
‘seimate Resource Requirements
Acguire and Release Resources
erelop Team
‘Manage Team
Control Resources
(Chapter 10 Communications
“The Foundstion of Commanistiont
Commenicaons Planing
fective Commurictiont
Monitor Communication Eeciveness
(© z220ANC Paine” = 52.B4.HEA BES OM «wes OM
135
16
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20
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295
313
37
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7Chapter 11 Risk
Inoduction to Risk Management
Implement Risk Responses
Moritr Risk
Chapter 12 Procurement
ProasementBendamentals
roarement Proce Overview
Understanding Contacts
PlinProcerements
(Conduct Procurement
Managing Procurement
Chapter 13. Stakeholders
Stakholder involvement in Poste
‘Stalablder Analysis
PlanStakeholder Engagement
Implement Stakeholder Sategy
Monitor tacholder Engagement
Chapter 14_ Tips for Passing the PMP Exam the First Time
Pring All Together
Undestanding laps nd Oxtputs
Formulas to Know forthe Exam
Bef You Take the Exam
‘Tc for Taking and Passing the PMP Exon
Conon Project Management Exo and Pals
ADspinthe Lie
Endnotes
Index
©2020 F baer, + 952.548 4464 nas com mms om
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Contents
vilAcknowledgments
‘Tefliowing people made valuable contains tts boks
Sutject Matter Experts
Mik Griths,PME-ACR, PMP, CSM
“Margo Kewin, PLP, PME, PM-ACE, PMI-PEA
Project Manager/Content Editor
eriSates
‘TorTumgust
Copy EctorProduction Editor
PatiFmace, PMP
Content Reviewers(Contrbutors
Sonj Almle, PMP, CCBA, PMIACP, CSM
‘Barhara A. Crkenord, CBAP, PME, PM-PBA, PME-ACE, MBA
(Chey Castes, CAPM, PMP
Pasi Henao PMP, CPR, CSM
‘ila Kasay, PME, PMI-ACP
hie Marans, PME, CBAP, PMIPBA
[Nahe Yang, PME, PMLACD,SCPM.
‘Addtional Contributors
sox Catt
“TiMaleaby
Macy Pat Shafer
(©2020 RNC Pubetons, ne» 952546.484 ogee. «wweHistory of This Book
“heft eton of Rita Malehys PMP" xan Pep wat published in 1998, anda the tim it was the
St anon comprehensive resource dedicated o PMP cram preparation.
As project manage inthe late 1990s—as wel sone ofthe wold Ss cartied PMPs—Rita wat
Seustrated by the lack of quality PMP preparation materale valle to er and her callus. So
combinag her knowledge of acclerated earning wil her extensive project management experince, Rata
‘wrote te it dat of PMP" Exam Prep. Since thon the popula ofthe book as grove immensely,
‘Grough ten wy succes editions Today, th book eb far the best seling PMP exam preparation
guide nthe wold wth thousands of copies ceulition
“Trail its pased aay on May 15,2010, RMC continues hermison today with he tenth eon
ofthe FMP" Exam Prep book, and with a growing ine of ther project management related couse nd
prodic that promote her ison of improving the world through efctiveproect management. PAP"
[Exam Pp and te elated products ar sed sad toot by man project managers across the lobe, and
Imhundd of cssroom based prep classes ar universes, taining companies, and corporation.
‘© 2M20FNC blest, ™ + OSB HE mcm « mExl
Free Updates The purchase ofthis bookinsldes acest update rogading the DMP eas wellas
ditional ticks, tip, and information to elp you prepare or the exam. Aces thisinformsion at mel
om Hare this book with ou when you go tothe website at youll need o very your produ purchase
We Need You to Help Us Stop Copyright Infringement asthe publisher ofthe bestsling PMP
exam pep book onthe markt, RMC isalso unfortunately the most egal copied: is trae that many
people use our materi legal and with our pormissonto teach PMP exam preparation
However from time to time, we are made aware of oes who copy our exam questions Ticks of the
‘rade’ and other content legally and we them for hee own fancia gain-
you recopnne any of BMC’ proprietary content being wed in otor PMP exam prop mats or
ourey please notify at copyightmascom Pleas also contact us for danestion on how touse our
‘marlin your cat or ty group witht wlating any
Contact US Weloveto hess your fedback thee anythingtn ths book ths you wish wa expanded?
[ether anything tat we focus on too mich, rirther anything not covered that youthink shouldbe here?
‘We wool love fo ar rom you, Send san emal at ifogbmelscom.
‘© 2n20 FNC ate ne ™ = O52 4B es com + ws OmIntroduction to the Tenth Edition
\Wecome tothe tenth edition of PMP" Exam Pep. Its been 20 years since Rita plished the Sst
edisonof this book EMC has come fa sace the pubcation ofthe fst edton backn 19985 has the
rojectmanagement proesion.
Bick when the fst eton was publshed, most project managers were inthe Unlted States. Now
‘here amore international project managers than eer Defoe Asa eat of his indartry grow RC
bos sling matrlsare now sl allover the world.
ject management also a more complex profession than tused tobe. Along withthe processes
concep tol and techniques that weresdded within the rt coupe of ear cere re R00
‘apie approaches to project management as there are predictive. The genera methodclgies and oval
practi of project management ave changed dramatic, which as increased the ste of a project
anager tober
‘These updates have resale in changes to the exam. There is more to learn today than eve. This
incre complet i rected nthe tenth edition of ou bet welg PMP Exar rep book.
Fist and one ofthe more significant changes sth introdaction of three ne domains within which
rojectmanagemen exis: People (Domain), Proces (Domain) and Busines Enizonment (Domain
ID. What dos ths mean for the process groups of lntaig, planing, executing, monitoring and
‘controling and closing? That gest question and we have you covered. Ou new an improved chapter
‘Sees, ow tiled "Process nd Domains adeeases both the process group swell as each ofthe tee
domain a clea and eas-to-ead format that wil prepare yu to not only understand the groups and
‘domain, bat wil ge you ll the kxowledge you ned to pas the eam.
“Another ig change the acknowledgement ofthe importance of PMTs Examination Content Outine
(#00) les now more important than ever to read and understand the ECO a st coer the domain od
introduce adaptive approaches to project managenent snd the PMD extn, Throughout eich chapter of
the te edition of tis book, we've included agi tems and concep. You may se thes terms and
concep on the exam but you ao needtolnow them o become amore adaptive projec manage
‘While these re significant changes, important aspects of ur book remain these. ist and most,
‘mportnty is the conertional tone of the hook The tenth edition maintains ls down-to-earth
‘onveratinal yle—explaining hinge simply and cle, Students ay that when they red thir Book
feel Rt ietalkingto them In many way she tli
Another thing tat remains the sme our continued commitment helping our studeats nt only
pasthe exam butaso become beter projet manages. Thats whatthe book nd ict our company is
Mboct.
Asyouread his book know tat ouplanis nota have you memorize a banc of rules and formals
jst ops the exam anc then promply fret them. For one ting, pen the stustinal nature of most
‘uetions on th exam thes day we eleve that such an appoach would be unsacesful or another ts
otwhit were about This books mot just prep guide i learning tool yeu master the content of
four boc, you wll ps the eum but its more than hit. Ar you lta what we have toteac, youl bea
beer wrojet manger At the end ofthe day thatswhat the world need Sil or gal wth his book sto
(get youtopan the eran onthe it ty
aus allow this bok ogo oat the door withoat acknowledging the ert ofthe eam at RM.
that mate this happen In particala, (dike to hank Mike Git Margo Kiwi, Lev Stee, and To
“Turngustfor thet dedlestion and hard wok on his edton.
 
(© 2020ANC Paar, 952546.4484  noamet me wan
 
xiixiv
 
Margo serve as oa leading subject mater experi addition tobeing a oustanding tine; Margo
hasan entensive backround in nraciona desig, which she bought the development ofthis edition
‘Sheis also talented weiter who wae ale o matin the conversational tne nd fe ofthe book while
‘woking had to explain al the sleeats ofpeoject management in ala an easy tread way.
‘Mike Grifihs was also an important subject miter expert for ths edition. Mike has a broad
tackgound in apie andthe author of RM PAL.ACP Beam Prep book, the best selng resource for
asing the PMACP exam Mike ease towosk and ealabort cre with the project eam to eosre
‘ur new content spect agile would not only mes the needs of ou students bat propery prepare
Someone to paste new PMP cram on ther fst ry Neils tap, Mike was al esurce in cresting
thisbookand we coldathave done t without hin,
inal, thereis Tr who served the project manager and content editor for this update. In ation
to being fants write Tors brought an incomparable set of ils that alowed hr to ep deeop and
fait content wih our subject mater experts wile alo managing the constantly moving pecs ofthe
project Without her, this ook would nt have been published on tinal
“Wen Ritacened RM, she did 0 tobe poople. hat sil ou goal and ane ofthe diving values
ofthis company. So enjoy the book lar, and hae fi,
‘What are you wing fr? Go etm.
Ti Maley
Predent nd CEO)
RMC Leming Solitons and RMC Pubiations
(© 2000 AUC abo” 95284.8  noames om em comTricks of the Trade® for
Studying for This Exam
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Preparing o take the PMP exam journey. Ifyou tit thisjourney can elp you gow your carer and