PMP Exam Cram™ 2, Second Edition

Chapter 4. Elements of Project Planning

Terms you’ll need to understand:

✓	Acceptance
✓	Avoidance
✓	Enhance
✓	Expected monetary value
✓	Exploit
✓	Mitigation
✓	Process improvement planning
✓	Procurement management plan
✓	Procurement planning
✓	Qualitative risk analysis
✓	Quality management
✓	Quantitative risk analysis
✓	RACI
✓	RAM
✓	Responsibility matrix
✓	Risk event
✓	Risk factor
✓	Risk identification
✓	Risk management
✓	Risk register
✓	Risk response planning
✓	Share
✓	Staff acquisition
✓	Subsidiary plans
✓	Transfer
✓	Utility theory

Techniques and concepts you’ll need to master:

✓	The difference between risk management planning and risk response planning
✓	The purpose and elements of each subsidiary management plan
✓	Human resource principles and PMI’s human resource management philosophy
✓	Human resource ...