PMP Masterclass Module 2 - Concepts, Programs & Portfolios

Lesson 1:  Concepts, Programs & Portfolios

Welcome Back! This Module continues on from the previous Module with project concepts, foundational terms, programs and portfolios.

Lesson 2:  PMP Project Concepts

Project Concepts, Constraints and Assumptions limit the project and the teams’ options in areas such as schedule, budget, scope, and resources. Assumptions are aspects that are presumed to be true – although that might not be the case. Stakeholders are individuals who are either involved in the project, or whose interests may be positively or negatively impacted by the project outcome and may exert influence over the project and its outcome. Let's look at: - Data, Information, and Reports - Work Performance Data - Work Performance Information - Performance Reports

Members Only PMP Foundation Terms

Here you learn the PMBOK common terms, environmental factors and similar aspects. We take a look at common project management tools, techniques, and common PMBOK Process outputs. The Foundation Term is used to describe the project plan, cost, time, and scope. Baseline refers to the original plan plus any approved changes. This will change as the project changes – old baselines should be archived. A plan’s baseline is the original plan plus all agreed changes. Historical Information Records of past projects – this is helpful in planning and managing future projects. It can be helpful in benchmarking the current project. Used to help predict trends and evaluate a project’s feasibility. Enterprise Environmental Factors can be anything external to your project. Organizational Process Assets Tools, documents, knowledge, policy guidelines, templates, in fact, anything that already exists that can help you plan your project.

Members Only PMP Programs and Portfolios

A program is a group of projects an outcome – BUT no clearly defined path of getting there. Program management is the coordinated management of related projects, which may include related business-as-usual activities that together achieve a beneficial change, usually of a strategic nature for an organization. Portfolio management is the selection and management of all of an organization’s projects, programs and related business-as-usual activities taking into account resource constraints. Describes the investment business has in itself. Portfolios are about maximizing return on investment.

Members Only PMP Agile Manifesto and Agile Values

You will learn what the agile manifesto is and compare waterfall to agile approaches. We look at an adaptive lifecycle and compare organization approaches in addition to examining return on investment and collaboration. I review the agile manifesto mapping The Four Values.

Members Only PMP Agile Principles

We explain and align how the agile manifesto maps the 12 Principles of agile.

Members Only PMP Agile Project Management Mindset

You will learn about the Project Charter and Team Charter. We cover the 21 key points covering the agile project management mindset.