Pmp Exam Preparation Includes An Understanding Of Value Engineering

By Author: Kimberly Bloch
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PMP exam preparation includes an understanding of value engineering and integration management.

VALUE ENGINEERING is used to examine cost tradeoffs, which is an important part of the integration process. Value engineering is a controlled application of common sense and technical knowledge, directed at finding and eliminating unnecessary costs within a project. Value engineering is designed toward a specific project.

The project manager uses integration management in:

- decision-making
- determining and mitigating potential risk
- coordinating overlapping processes and activities

Although project management processes are typically presented as individual components, in reality, they actually interact and overlap. The project manager must consider all dynamic process interactions.

Planning processes are integrated when:

- project changes become necessary
- revised scheduling/time and cost/budget management is required
- there exists a risk that a problem is not isolated, or will not be permanently resolved, or that the project cannot be completed.

Unforeseen ...
... obstacles arise during a project. All project life cycle phases can experience conflicts. In the early project life-cycle, project elements are adjusting to each other, and issues for debate may include:

- project feasibility
- basic project planning
- objectives
- proposed scope

Additional resources used to resolve the problem and manage the situation are required if the project is to continue toward completion.

Technical and interface problems have generally been solved, bypassed, or resolved and put in place by the Integration Close Out, or Phase Out phase. In instances where technology might be installed on a client's system, for example, technical conflicts might exist but tend to be minimal. PMP exam preparation includes understanding this.

Schedules create the most conflict, as projects have firm deadlines which must be met. Schedule slips might have occurred in previous phases that caused project completion to be off-target.

Cost overruns are usually tolerated providing they are not high or excessive.

Personality conflicts are the second biggest reason for conflict during close out.

When conflict arises between team members that results in delays in the project, the project manager should focus on objective criteria and options for mutual gain.

The project manager that tries to avoid conflict is inviting disaster. The project manager must focus on objective criteria for the project, as well as listen to information needed to find a win-win. They must seek the most practical resolution, so project execution can move forward. PMP exam preparation materials wil include examples of this.

Integrative activities the Project Management team performs include:

- scope analysis
- product requirement documentation
- measuring and monitoring the project and products
- analyzing project risks

Kimberly Bloch, To Get the proper pmp exam preparation training to pass the pmp exam prep certification exam with flying colors.Visit the site too for some useful hints on project management pmp.