CAPM ==>> Certified Associate In Project Management Flashcards

Easy Words & Their Definitions

1
Q

Project Integration Management

A

Includes the processes and ACTIVITIES to IDENTIFY, DEFINE, COMBINE, UNIFY & COORDINATE the various processes and Project Management activities within the Project Management Process Groups

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2
Q

Project Scope Management

A

Includes the PROCESSES required to ensure the project INCLUDES THE WORK REQUIRED and ONLY THE WORK required to complete the project

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3
Q

Project Schedule Management

A

Includes the PROCESSES required to manage TIMELY COMPLETION of the Project

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4
Q

Project Cost Management

A

Includes the PROCESSES in planning and estimating BUDGETING FINANCING FUNDING MANAGING & CONTROLLING costs so the project can be completed within the APPROVED BUDGET

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5
Q

Project Quality Management

A

Includes the PROCESSES for incorporating the organizations QUALITY POLICY regarding planning, managing or controlling project and product QUALITY REQUIREMENTS in order to MEET STAKEHOLDER’S EXPECTATIONS

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6
Q

Project Resource Management

A

PROCESSES to IDENTIFY ACQUIRE and MANAGE RESOURCES needed for the successful completion of the Project

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7
Q

Project Communication Management

A

Includes the PROCESSES required to ENSURE TIMELY & APPROPRIATE PLANNING COLLECTION creation STORAGE DISTRIBUTION retrieval, management, control monitoring & ultimate DISPOSITION OF PROJECT INFORMATION

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8
Q

Project Risk Management

A

PROCESSES of CONDUCTING RISK MANAGEMENT PLANNING IDENTIFYING ANALYSIS RESPONSE PLANNING, RESPONSE IMPLEMENTATION & monitoring RISK on a PROJECT

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9
Q

Project Procurement Management

A

Includes the processes NECESSARY to PURCHASE or ACQUIRE PRODUCTS, services or results needed from OUTSIDE THE PROJECT TEAM

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10
Q

Project Stake Holder Management

A

PROCESSES required to IDENTIFY PEOPLE, GROUPS or organizations that impact or be impacted by the project, to analyze stakeholder expectations and their impact on the project and to develop APPROPRIATE management strategies for effectively ENGAGING STAKEHOLDERS in project decisions & execution

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11
Q

Initiating Process Group

A

Those PROCESSES performed to DEFINE A NEW PROJECT or a new phase of an existing project BY OBTAINING AUTHORIZATION to start the project or phase

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12
Q

Planning Process Group

A

The Processes required to ESTABLISH THE SCOPE OF THE PROJECT REFINE THE OBJECTIVES and define the COURSE OF ACTION REQUIRED to attain the objectives that the Project was undertaken to achieve

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13
Q

Executing Process Group

A

The processes performed TO COMPLETE THE WORK DEFINED in the Project Management Plan TO SATISFY THE PROJECT REQUIREMENTS

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14
Q

Monitoring & Controlling Process Group

A

THOSE PROCESSES REQUIRED TO TRACK, REVIEW, AND REGULATE THE PROGRESS AND PERFORMANCE of the project, identify any areas in which changes to the plan are required and initiate the corresponding changes

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15
Q

Closing Process Group

A

Those processes performed TO FORMALLY COMPLETE OR CLOSE the project phase or contract

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16
Q

Develop Project Charter

A

The process of developing a document that FORMALLY AUTHORIZE THE EXISTENCE of a Project & provides the PROJECT MANAGER with the authority to apply organizational RESOURCES to project ACTIVITIES

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17
Q

Develop Project Management Plan

A

The process of DEFINING, PREPARING and COORDINATING all plan components AND CONSOLIDATING them into an INTEGRATED project management Plan

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18
Q

Direct & Manage Project Work

A

The PROCESS OF LEADING and PERFORMING the work defined in the Project Management Plan and IMPLEMENTING APPROVED CHANGES to achieve the project objectives

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19
Q

Manage Project Knowledge

A

The Process of USING EXISTING KNOWLEDGE & CREATING NEW KNOWLEDGE to achieve the Projects objectives & CONTRIBUTE TO THE ORGANIZATIONAL LEARNING

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20
Q

Monitor & control Project Work

A

The PROCESS OF TRACKING REVIEWING AND REPORTING overall progress to meet the PERFORMANCE OBJECTIVES DEFINED in the Project Management Plan

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21
Q

Perform Integrated Change Control

A

The process of REVIEWING ALL CHANGE REQUESTS; APPROVING CHANGES and MANAGING CHANGES TO DELIVERABLES, organizational assets project document and Project management plan and COMMUNICATING THE DECISIONS

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22
Q

Close Project

A

The process of FINALIZING ALL ACTIVITIES FOR THE PROJECT PHASE OR CONTRACT

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23
Q

Plan Scope Management

A

The process of creating a SCOPE MANAGEMENT PLAN that documents how the project a Product SCOPE will be defined, validated and controlled

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24
Q

Collect Requirements

A

The Process of DETERMINING DOCUMENTING and MANAGING STAKEHOLDER NEEDS & REQUIREMENTS to meet PROJECT OBJECTIVES

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25
Define Scope
The process of DEVELOPING a DETAILED DESCRIPTION of project & Product
26
Create WBS
The process of SUBDIVIDING project deliverables and project WORK INTO SMALLER MORE MANAGEABLE COMPONENTS
27
Validate Scope
The process of FORMALIZING ACCEPTANCE of the completed PROJECT DELIVERABLES
28
Control Scope
The Process of MONITORING the STATUS of the project and PRODUCT SCOPE & MANAGING CHANGES to SCOPE BASELINE
29
Plan Schedule Management
The Process of ESTABLISHING the POLICIES, procedures and DOCUMENTATION for PLANNING developing managing executing & controlling the Project Schedule
30
Define Activities
The process of IDENTIFYING & DOCUMENTING the SPECIFIC ACTIONS to be performed to PRODUCE the PROJECT DELIVERABLES
31
Sequence Activities
The process of IDENTIFYING & documenting RELATIONSHIP AMONG Project Activities
32
Estimate Activity Duration
The process of identifying the NUMBER OF WORK PERIODS needed to complete the individual activities with the estimated resources
33
Develop Schedule
The process of analyzing ACTIVITY SEQUENCES, durations, RESOURCE REQUIREMENTS AND SCHEDULE CONSTRAINTS TO CREATE THE PROJECT SCHEDULE model for the project execution and monitoring & controlling
34
Control Schedule
The process of MONITORING the STATUS of the project to update the project schedule and MANAGE CHANGES TO SCHEDULE BASELINE
35
Plan Cost Management
The process of defining HOW COST will be estimated BUDGETED, MANAGED MONITORED and CONTROLLED
36
Estimate Costs
The process of developing an APPROXIMATION OF MONETARY RESOURCES NEEDED to complete Project Work
37
Determine Budget
The process of AGGREGATING the estimated costs of individual activities of WORK PACKAGES to establish an authorized COST BASELINE
38
Control Cost
The process of MONITORING the status of the project to update Project Costs and manage changes to cost Baseline
39
Plan Quality Management
The process of IDENTIFYING quality requirement and or standard for the project and its deliverables and DOCUMENTING HOW THE PROJECT WILL DEMONSTRATE compliance and quality requirements and or standard
40
Manage Quality
The process of translating the Quality management plan into EXECUTABLE Quality activities that incorporate the organizations Quality policies into the project
41
Control Quality
The process of MONITORING and recording the results of executing the Quality management activities to assess PERFORMANCE and ensure the project outputs are complete correct and meet customer expectations
42
Plan Resource Management
The process of DEFINING HOW to estimate acquire manage and utilize physical and team RESOURCES
43
Estimate Activity Resources
The process of ESTIMATING team resources and the type and quantities of material equipment and supplies necessary to perform project work
44
Acquire Resources
The process of OBTAINING team members facilities equipment materials supplies and other resources necessary to complete project work
45
Develop Team
The process of IMPROVING COMPETENCIES, TEAM MEMBER interaction and overall team environment to enhance project performance
46
Manage Team
The process of TRACKING TEAM MEMBER PERFORMANCE providing Feedback resolving issues and managing team changes to optimize project work
47
Control Resources
The process of ensuring that the physical resources assigned and allocated to the project are available as planned as well as MONITORING the PLANNED VERSUS ACTUAL USE of resources and PERFORMING CORRECTIVE action as necessary
48
Manage Communications
The process of ensuring timely and appropriate collection, CREATION, distribution, storage, retrieval, MANAGEMENT, MONITORING and the ultimate disposition of project information
49
Monitor Communications
The process of ensuring the INFORMATION needs of the project and its stakeholders are met
50
Plan Risk Management
The process of DEFINING how to conduct risk management activities for a project
51
Identify Risks
The process of IDENTIFYING individual project risks as well as sources of overall project risk and documenting their characteristics
52
Perform Qualitative Risk Analysis
The process of PRIORITIZING individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as their characteristics
53
Perform Quantitative Risk Analysis
The process of NUMERICALLY ANALYZING the combined effect of identified individual project risks and other sources of uncertainty on overall project objectives
54
Plan Risk Response
The process of DEVELOPING OPTIONS, SELECTING strategies and agreeing on actions to address overall project risk exposure, as well as to treat individual project risks
55
Implement Risk Responses
The process of IMPLEMENTING agreed - upon risk response plans
56
Monitor Risks
The process of MONITORING the implementation of agreed - upon risk response plans, tracking identified risks, identifying and analyzing new risks and evaluating risk process effectiveness throughout the project
57
Plan Procurement Management
The process of DOCUMENTING project procurement decisions, SPECIFYING THE APPROACH and identifying potential sellers
58
Conduct Procurements
The PROCESS of OBTAINING SELLER RESPONSES, selecting a seller and AWARDING A CONTRACT
59
Control Procurement
The process of MANAGING procurement relationship MONITORING contract PERFORMANCE, making changes and corrections as appropriate and closing out contracts
60
Identify Stakeholder
The process of IDENTIFYING project stakeholders regularly and analyzing and documenting relevant information regarding their interests, involvement, interdependencies, influence and potential impact on project success.
61
Plan Stakeholder Engagement
The process of DEVELOPING APPROACHES to involve project stakeholders based on their needs, expectations, interests and potential impact on the project
62
Manage Stakeholder Engagement
The process of COMMUNICATING AND WORKING with stakeholders to meet their needs and expectations, address issues and foster appropriate stakeholder engagement involvement
63
Monitor Stakeholder Engagement
The process of MONITROING STAKEHOLDER RELATIONSHIPS AND TAILORING STRATEGIES FOR ENGAGING STAKEHOLDERS through the modification of engagement strategies and plans
64
Resource Buffer
This is a resource that is kept ALONGSIDE THE CRITICAL CHAIN to ensure continuity of the work
65
Project Buffer
This is added at the END of the PROJECT. Any activities which are delayed will eat up this buffer
66
Feeding Buffer
This is added to the NON - CRITICAL chain so any activities that get delayed will use
67
Project float (slack)
The amount of time a project CAN BE DELAYED WITHOUT DELAYING THE EXTERNALLY IMPOSED project completion DATE REQUIRED BY THE CUSTOMER or management, or the date previously committed to by the project manager
68
Total Float (slack)
The amount of time an activity CAN BE DELAYED without delaying the PROJECT END DATE or an intermediary milestone, while still adhering to any imposed schedule constraints. This is the primary type of float, but there are others
69
Free Float (slack)
This is the amount of time an activity can be delayed without delaying the early START DATE of its SUCCESSOR'S while still adhering to any imposed SCHEDULE CONSTRAINTS
70
Encoding
CONVERT INTO A CODED FORM. Using this technique makes it possible to encode and transmit recorded video information. For computing to convert (information or an instruction) into a particular form. For Biochemistry (of a gene) be responsible for producing (a substance or behavior)
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Decoding
To CONVERT A CODED MESSAGE INTO INTELLIGIBLE LANGUAGE. Analyze and interpret ( a verbal or nonverbal communication or image. Convert ( audio or video signals into another form digital in sound reproduction)