PM FPX 3000 Assessment 4

Key Terms

Inputs are any elements, either internal or external to a project, that must be present for a process to proceed. This can also be used to describe the outputs that were created from previous processes.

Outputs are goods, outcomes, or services that have been created as a secondary product of a process. These outputs can then be utilized as inputs for additional processes.

Tools are tangible items, like templates or computer programs, used to assist in an activity that produces a particular product or outcome.

Techniques are standard, predetermined processes used by human resources to execute activities with products, outcomes, or services, usually using one or more tools.

PM FPX 3000 Assessment 4:Project Management Process Groups

The Initiating Process is interested in the project being set up to a high level and serving as a basis for the rest of the activities.

The planning process is interested in detailing the project, i.e., specifying methodologies that will be used to implement the project.

The Executing Process is interested in the effort needed to execute the project as planned.

The monitoring and controlling process is just about examining and controlling the project performance to maintain it on the right path.

Lastly, the closing process is closing the project and includes the delivery of the final deliverables. 

Project Management Knowledge Areas

• Integration Management
• Scope Management
• Schedule Management
• Cost Management
• Quality Management
• Resource Management
• Communications Management
• Risk Management
• Procurement Management
• Stakeholder Management