PMP Tools & Techniques

Description Historical Information Review It is a process of reviewing the data from the project files, records, correspondence, closed contracts, and closed projects.  It is an independently-used project management tool.  Where it is Used  Process Groups Planning Knowledge Areas Project Cost Mgmt. Activities Determine Budget  Process Group Knowledge Area Activity Planning Project Cost Mgmt. Determine Budget   Kailash B, MBA, PMP®Copyrights Reserved (MyPMP)

Description Ground Rules These are basic rules related to the acceptable behaviors as expected from the team members of the project.  It is an independently-used project management tool.  Where it is Used  Process Groups Executing Knowledge Areas Project Stakeholder Mgmt. Activities Manage Stakeholder Engagement  Process Group Knowledge Area Activity Executing Project Stakeholder Mgmt. Manage Stakeholder Engagement  Kailash B, MBA, PMP®Copyrights Reserved (MyPMP)

Description Funding Limit Reconciliation It is the comparison between the planned expense limits and the commitment of funds during a specific time period.   It is an independently-used project management tool.   Where it is Used   Process Groups   Planning   Knowledge Areas   Project Cost Mgmt.     Activities   Determine Budget   Process Group…

Description   Financing It is about acquiring the required funding for the project in order to sustain it throughout its life cycle.  It is an independently-used project management tool.  Where it is Used  Process Groups Planning Knowledge Areas Project Cost Mgmt. Activities Determine Budget  Process Group Knowledge Area Activity Planning Project Cost Mgmt. Determine Budget   Kailash B, MBA, PMP®Copyrights Reserved (MyPMP)