Quick Revise — One Hour Power Revision

⚡ Quick Revise — One Hour Power Revision

Everything you need before the exam. One page. Read in order. Do not skip.

⏱️ Estimated reading time: 45–60 minutes
Process Groups All Formulas Risk Responses EVM Quick Ref Exam Triggers Night Before Checklist

⭐ 1. The Basics

Project

Temporary + Unique. Has a start and end date. Duration does NOT define temporary — a 10-year metro project is still a project.

Operations

Continuous + Repetitive. No defined end. Running daily ads, monthly reports = Operations. Not a project.

📌 Exam rule: Ongoing and repetitive → Operations. Temporary and unique → Project. PM’s first step is always to plan — never jump to execution.

What PM manages: Scope (what), Time (when), Cost (how much), Quality (how well), Risk (what if). Change one → the others are affected.


⭐ 2. The 5 Process Groups

Process Groups = WHEN things happen. Knowledge Areas = WHAT you manage.

1. Initiating

Project Charter
Identify Stakeholders

2. Planning

PM Plan
All Baselines

3. Executing

Do the work
Deliverables

4. Monitoring & Controlling

Track & correct
Change Requests

5. Closing

Sign-off
Lessons Learned

📌 Most exam questions come from Planning and Monitoring & Controlling. Corrective actions are IDENTIFIED in Monitoring but IMPLEMENTED in Executing.
Process GroupKey Output / Document
InitiatingProject Charter + Stakeholder Register
PlanningPM Plan + Scope/Schedule/Cost Baselines
ExecutingDeliverables + Change Requests
Monitoring & ControllingPerformance Reports + Change Requests
ClosingFinal Acceptance + Lessons Learned

⭐ 3. Scope Management

6 steps in order: Plan → Collect Requirements → Define Scope → Create WBS → Validate Scope → Control Scope

Scope Baseline = 3 documents

Scope Statement + WBS + WBS Dictionary. All three together. Always.

Scope Creep

Uncontrolled additions without approval. Prevented by Control Scope. Any change = formal change request first.

Validate Scope

Client formally accepts deliverables. Monitoring & Controlling phase. Happens AFTER Control Quality.

Product vs Project Scope

Product = features/functions (measured vs requirements). Project = all work (measured vs Scope Baseline).

📌 Requirement tools: Delphi = anonymous experts. Nominal Group = voting. Affinity Diagram = grouping. Interviews = deep one-on-one. Surveys = large audience.

⭐ 4. Schedule Management

Critical Path

Longest path = minimum project duration. Zero float. Critical path = TIME not importance. Any delay → project delay.

Float

Total Float = delay without delaying project. Free Float = delay without delaying NEXT activity. Critical path = zero float.

Crashing

Add resources → reduce time → cost goes UP. Only on critical path. Works but expensive.

Fast Tracking

Overlap sequential tasks → reduce time → no extra cost → HIGH risk of rework. “No cost increase” = Fast Track.

Resource Leveling

Fix overallocation. May DELAY project. Use when resources are the constraint.

Resource Smoothing

Adjust within float. NO delay to project. “No delay allowed” = Smoothing.

Estimation Techniques

TechniqueHowSpeedAccuracy
AnalogousPast similar projectFastLow
ParametricFormula: rate × quantityFastMedium
Bottom-UpEstimate each task, add upSlowHighest
Three-Point / PERT(O + 4M + P) ÷ 6MediumHigh
PERT Expected Duration
E = (O + 4M + P) ÷ 6
Optimistic + 4×Most Likely + Pessimistic, divided by 6
Standard Deviation
SD = (P − O) ÷ 6
±1σ=68%  |  ±2σ=95%  |  ±3σ=99.7%

⭐ 5. Earned Value Management — All Formulas

📌 Always calculate EV first. EV = % work done × BAC. PV = % planned × BAC. If % planned not given: % planned = time elapsed ÷ total duration.
EV — Earned Value
% done × BAC
Value of work actually completed
PV — Planned Value
% planned × BAC
Value of work planned to be done
CV — Cost Variance
EV − AC
+ = under budget  |  − = over budget
SV — Schedule Variance
EV − PV
+ = ahead of schedule  |  − = behind
CPI — Cost Index
EV ÷ AC
>1 = under budget  |  <1 = over budget
SPI — Schedule Index
EV ÷ PV
>1 = ahead  |  <1 = behind schedule
EAC — Estimate at Completion
BAC ÷ CPI
Expected final project cost
ETC — Estimate to Complete
EAC − AC
Money still needed to finish
VAC — Variance at Completion
BAC − EAC
+ = finish under budget  |  − = overrun
TCPI
(BAC−EV) ÷ (BAC−AC)
Efficiency needed in remaining work
Contingency Reserve

For KNOWN risks. Controlled by PM. Included in Cost Baseline.

Management Reserve

For UNKNOWN surprises. Controlled by Management. NOT in Cost Baseline.


⭐ 6. Risk Management

⚠️ Threats (Bad Risks)
✅ Opportunities (Good Risks)
AvoidEliminate the threat — change the plan
ExploitGuarantee the opportunity happens
TransferShift to 3rd party — insurance, fixed contract
SharePartner to capture the opportunity together
MitigateReduce probability or impact
EnhanceIncrease probability or impact
AcceptAcknowledge, no action (low priority)
AcceptTake advantage if it occurs naturally
Residual Risk

Risk remaining AFTER a response is applied. Must still be monitored.

Secondary Risk

NEW risk CREATED by the response itself. Also needs managing.

Qualitative Analysis

H/M/L priority using P&I Matrix. Always done first. Subjective.

Quantitative Analysis

Numbers — Monte Carlo, EMV, Decision Tree. Optional. After qualitative.

📌 Threat preference order: Avoid → Transfer → Mitigate → Accept. “Buy insurance” = Transfer. “Change the plan to remove risk” = Avoid. “Low probability + low impact” = Accept.

7. Quality Management

ProcessPhaseFocus
Plan QualityPlanningDefine standards and how to meet them
Manage QualityExecutingAudit PROCESSES — are we following the right steps?
Control QualityMonitoringInspect DELIVERABLES — do they meet standards?
📌 Cost of Quality order (cheapest → most expensive): Prevention → Appraisal → Internal Failure → External Failure. Always invest in prevention. Gold Plating = adding unrequested features = not allowed without change control.
Quality ToolExam Trigger
Fishbone / Ishikawa“Root cause” / “cause and effect”
Pareto Chart“80/20” / “most frequent defect”
Control Chart“Within limits” / “out of control”
Histogram“Frequency distribution” / “defect frequency”
Scatter Diagram“Relationship between two variables”

8. Communication & Stakeholder Management

Communication Channels
n(n−1) ÷ 2
5 people=10  |  8=28  |  10=45  |  12=66
Stakeholder Engagement Levels
Unaware → Resistant → Neutral → Supportive → Leading
Target: Supportive or Leading. Never ignore Resistant.
Power / InterestStrategy
High Power + High InterestManage Closely
High Power + Low InterestKeep Satisfied
Low Power + High InterestKeep Informed
Low Power + Low InterestMonitor

9. Procurement — Contract Types

Contract TypeRisk BearerWhen to use
Fixed Price (FFP)Seller bears riskWell-defined scope
Time & Material (T&M)Shared riskUnclear scope, hourly work
Cost Plus (CPFF)Buyer bears riskHighly uncertain / R&D
📌 Fixed Price = least risk for buyer. Cost Plus = most risk for buyer. “Well-defined scope” → FP. “Research / uncertain” → Cost Plus. “Hourly rate” → T&M.

10. Leadership & Team Management

Tuckman’s 5 Stages

1. Forming

Polite, unclear roles → PM: Direct

2. Storming

Conflict emerges → PM: Coach

3. Norming

Trust builds → PM: Support

4. Performing

High output → PM: Delegate

5. Adjourning

Project ends → PM: Celebrate

Conflict Resolution — Ranked

RankStylePMP Preference
1 ⭐Collaborate / Problem-SolveALWAYS BEST — win-win solution
2CompromiseBoth give something up — time pressure
3Smooth / AccommodateTemporary fix only
4Force / DirectCrisis / urgent — last resort
5 ✗Withdraw / AvoidALWAYS WORST — never do this

Motivation Theories

TheoryKey IdeaExam Trigger
MaslowPhysiological→Safety→Social→Esteem→Self-Actualization“basic needs” / “self-actualization”
Theory XPeople dislike work → micromanage, punish“closely monitored” / “strict control”
Theory YPeople self-motivated → give autonomy“autonomy” / “empowered”
HerzbergHygiene factors prevent dissatisfaction. Motivators drive satisfaction.“salary won’t motivate” = Hygiene

⭐ 11. Agile & Hybrid

The 4 Agile Values

Individuals & Interactions
MORE than
Processes & Tools
Working Software / Product
MORE than
Comprehensive Documentation
Customer Collaboration
MORE than
Contract Negotiation
Responding to Change
MORE than
Following a Plan
📌 Both sides have value — Agile values the LEFT side MORE, not exclusively. Right side is not worthless.
Agile RoleResponsibility
Product OwnerOwns backlog, prioritises features, handles change requests
Scrum MasterFacilitates Scrum, removes impediments, coaches team
Development TeamSelf-organising, cross-functional, does the actual work
MetricMeaning
VelocityStory points completed per sprint — predicts future pace
Cycle TimeTime to complete ONE task from start to finish
Burndown ChartRemaining work over time — should trend to zero
Cumulative FlowWork status (To Do / In Progress / Done) — spots bottlenecks
📌 Agile change request flow: Stakeholder requests feature → Product Owner reviews → Added to backlog → Reprioritised → Picked in future sprint. NO CCB in Agile.

⭐ 12. Rapid Fire — Exam Trigger Table

Read the trigger on the left. Know the answer on the right before the exam. These cover the most frequently tested concepts.

If you see this in a question…The answer is…
“Authorize project” / “give PM authority”Project Charter (Initiating)
“Plan how project will be done”Project Management Plan (Planning)
“What is in/out of scope”Scope Statement
“Break work into manageable pieces”WBS — Work Breakdown Structure
“Uncontrolled additions to work”Scope Creep → use Control Scope
“Client formally accepts deliverables”Validate Scope (Monitoring)
“Longest path in network diagram”Critical Path
“Activities with zero float”Critical Path activities
“Add resources to speed up”Crashing
“Overlap sequential tasks” / “no extra cost”Fast Tracking
“Avoid resource conflict / overallocation”Resource Leveling
“Based on similar past project”Analogous Estimating
“Formula: rate × units”Parametric Estimating
“Estimate each task and add up”Bottom-Up Estimating
“Optimistic, Most Likely, Pessimistic”Three-Point / PERT
“CPI < 1”Over budget
“SPI < 1”Behind schedule
“EV/AC”CPI
“EV/PV”SPI
“BAC/CPI”EAC (Estimate at Completion)
“Buy insurance” / “outsource risk”Risk Transfer
“Eliminate the risk entirely”Risk Avoidance
“Reduce probability or impact”Risk Mitigation
“Low probability + low impact”Accept the risk
“New risk created by the response”Secondary Risk
“Risk remaining after response”Residual Risk
“Root cause of defect”Fishbone / Ishikawa Diagram
“80% of problems from 20% of causes”Pareto Chart
“Process within control limits?”Control Chart
“Fixed budget, well-defined scope”Fixed Price contract
“Scope unclear, research / R&D”Cost Plus contract
“Most risk for seller”Fixed Price
“Most risk for buyer”Cost Plus
“Conflict — best approach”Collaborate / Problem-Solve
“Ignore conflict” / worst optionWithdraw / Avoid
“Team getting to know each other”Forming (Tuckman)
“Team disagreements / conflict”Storming (Tuckman)
“High productivity, self-managing”Performing (Tuckman)
“Anonymous expert opinions”Delphi Technique
“Voting to prioritise ideas”Nominal Group Technique
“Grouping ideas into categories”Affinity Diagram
“In Agile, change request arrives”Product Owner → backlog → next sprint
“CCB approves changes”Traditional / Predictive project
“Sprint, backlog, velocity”Agile / Scrum
“Salary won’t motivate”Herzberg Hygiene Factor
“Closely monitored, strict control”Theory X (McGregor)
“Autonomy, self-directed”Theory Y (McGregor)
“Formal acceptance at project end”Closing Process Group
“Lessons learned”Closing Process Group
“Communication channels for 10 people”10×9÷2 = 45 channels
“High Power + High Interest stakeholder”Manage Closely
“Resistant stakeholder”Engage directly — never ignore

✅ Night Before Exam — Checklist

Project BasicsTemporary + Unique. PM plans first, never executes first.
5 Process GroupsWHEN. Key outputs for each. Planning + Monitoring = most questions.
10 Knowledge AreasWHAT. Process Group = When, Knowledge Area = What.
Scope — 6 StepsPlan→Collect→Define→WBS→Validate→Control. Baseline = 3 documents.
ScheduleCritical Path = zero float. Crashing = cost up. Fast Tracking = risk up.
PERT Formula(O + 4M + P) ÷ 6. SD = (P−O) ÷ 6. ±1σ=68%, ±2σ=95%.
EVM FormulasEV first always. CPI=EV÷AC. SPI=EV÷PV. EAC=BAC÷CPI. >1=good.
ReservesContingency = PM + known risks. Management Reserve = mgmt + unknowns.
Risk ResponsesThreats: Avoid→Transfer→Mitigate→Accept. Opportunities: Exploit→Share→Enhance→Accept.
QualityManage = process audit. Control = product inspection. Prevention cheapest.
Communication Formulan(n−1)÷2. Stakeholders: Target Supportive or Leading.
ContractsFixed Price = seller risk. T&M = shared. Cost Plus = buyer risk.
TuckmanForming→Storming→Norming→Performing→Adjourning. Conflict = Storming.
Conflict ResolutionCollaborate = always best. Withdraw = always worst.
Agile ValuesPeople > Process. Product > Docs. Collaboration > Contract. Change > Plan.
Agile ChangePO → backlog → reprioritise → next sprint. No CCB in Agile.

You are ready. Trust your preparation.

Read questions carefully. Eliminate 2 wrong options first. Think like a PM.

Plan first — always Communicate always Follow the process Collaborate over forcing EV first — always Prevention over fixing
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