PMP Certification Training - Manage Project Knowledge

The video tutorial explains the Manage Project Knowledge process, focusing on using existing knowledge and creating new knowledge to meet project objectives and enhance organizational learning. It covers the importance of collaboration and trust, inputs like project documents and stakeholder information, tools and techniques such as expert judgment and information management, and outputs like lessons learned and process updates.

What are the two primary purposes of the Manage Project Knowledge process?

• To hire new team members and allocate resources

• To reuse existing knowledge and create new knowledge

• To create a project timeline and budget

• To develop a marketing strategy and sales plan

Why is it important to create an environment of collaboration and trust in knowledge management?

• To increase project costs

• To motivate people to share knowledge

• To ensure compliance with regulations

• To reduce the number of team meetings

Which document provides information on effective practices in knowledge management?

• Lessons learned register

• Project charter

• Risk management plan

• Stakeholder analysis

What role do expert judgments play in the Manage Project Knowledge process?

• They provide specialized knowledge or training

• They help in creating project timelines

• They are used to allocate project resources

• They are used to develop marketing strategies

How do information management tools and techniques assist in the Manage Project Knowledge process?

• By creating and connecting people to information

• By reducing project costs

• By increasing the number of team members

• By developing new marketing strategies

What is the purpose of the lessons learned register in the Manage Project Knowledge process?

• To develop a project timeline

• To capture and update knowledge throughout the project

• To document project risks

• To track project expenses

What happens to the project management plan as a result of the Manage Project Knowledge process?

• It remains unchanged

• It is replaced with a new plan

• It is discarded

• It may be updated