Key PMP Tools

Description Inspection Inspection is a formal examination of a piece of work. It is an independently-used project management tool.  Where it is Used  Process Groups Monitoring & Controlling Knowledge Areas Project Procurement Mgmt.Project Quality Mgmt.Project Scope Mgmt. Activities Control ProcurementsControl QualityValidate Scope  Process Group Knowledge Area Activity Monitoring & Controlling Project Procurement Mgmt. Control Procurements Project Quality Mgmt. Control Quality Project Scope…

Description Information Management These are the tools and techniques used to connect people to the information for sharing simple, unambiguous, and explicit knowledge.  It is an independently-used project management tool.  Where it is Used  Process Groups Executing  Knowledge Areas Project Integration Mgmt.  Activities Manage Project Knowledge  Process Group Knowledge Area Activity Executing Project Integration Mgmt. Manage Project Knowledge   Kailash B, MBA, PMP®Copyrights…

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 Individual & Team Assessments This tool is used to help assess the strengths and weaknesses of the team members.  It is an independently-used project management tool.  Where it is Used  Process Groups Executing Knowledge Areas Project Resource Mgmt. Activities Develop Team  Process Group Knowledge Area Activity Executing Project Resource Mgmt. Develop Team  Kailash B, MBA, PMP®

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) 

Description Expert Judgement It is the judgment provided on the basis of one’s expertise in a specific area. It is one of the most widely used tools in project management.  It is an independently-used project management tool.   Where it is Used  Process Groups InitiatingPlanningExecutingMonitoring & ControllingClosing Knowledge Areas Project Integration Mgmt. Project Procurement Mgmt. Project Risk Mgmt. Project Stakeholder…