Positive Thoughts For The Day

PMP preparation must cover topics such as expert judgement. Tools and techniques used to develop the Project Charter include expert judgment supplied by:

Consultants
Stakeholders
Outside professional and technical associations
SMEs (Subject Matter Experts)
The PMO
Specific industry groups
Units within the organization

PROJECT SELECTION involves measuring values or attractiveness to the project owner or sponsor.

The “SOW” is the STATEMENT OF WORK, which is a description of products or services to be supplied to the project. The Statement of Work captures:

the business need
the strategic plan
the product scope description

PMP preparation should involve practicing the creation and review of SOWs. The Statement of Work for internal projects defines work based on business need and product or service requirements. An organization’s business need might include:

training
technology
market demand
government or legal requirements

Enterprise environmental factors and systems such as: organizational culture and structure, government or industry standards, infrastructure, existing human resources and personnel administrations, marketplace conditions, MIS, and commercial databases are considered during the development of the Project Charter.