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Assumptions for PMP® Exam / Reading PMBOK® Guide

While taking the PMP Exam or while reading the PMBOK® Guide – Always remember:

1.     Project Manager is responsible for Project(success/ failure)

2.     You are working in very BIG project (USD 1 Billion)

3.     Change is considered as BIG (USD 1 Million)

4.     You are working in Matrix (Strong)

5.     You are buyer in procurement Management

6.     You know about Product and Project life cycle

7.     You know about General Management and interpersonal skills

8.     Major Stakeholders for exam preparations:

a.     Sponsor  : Who funds the project

b.    Client : Who has a need for a project

c.     Performing organization : Who executes the project  

d.    End User : Who benefits from the project

Note: These are the four major stakeholders in any project. While answering questions in your exam or preparing for your exam always consider these stakeholders as separate entities. The Sponsor always has a higher authority with respect to the Project.

Process Groups

Initiating          : Authorizing

Planning          : How to execute, Monitor & control and close

Executing         : Putting plans to into actions

M & C               : Plan, Actual, Status, Progress, forecasting and recommendations 

Closing            : Handover

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Author : G Lakshmi Sekhar,B.E.,PMP,ITIL-F,Prince2-F,PMI-SP