CAPM Project Frame Work Flashcards
CAPM Certification
What is the definition of a project?
A temporary endeavor undertaken to create a unique product , service, or result.
What is a definition of a program?
Related projects, subsidiary programs, and program activities that are managed in a coordinated manner to obtain benefits not available from managing them individually.
The process groups interact based on what cycle?
The process groups based on the Plan-Do-Check- Act cycle that was defined by Shewhart an later modified by Deming.
What is progressive elaboration?
The iterative process of increasing the level of detail in a project management plan as greater amount of information and more accurate estimates become available.
What are the common project factors
New Technology, Competitive Forces, Material Issues, Political Changes,
Market Demand, Economic Changes,
Customer Request, Stakeholder Demands , Legal Requirement,
Business Process Improvements,
Strategic Opportunity or Business Need,
Social Need, Environmental Considerations
What is project management?
The application of knowledge , skills tools and techniques to project activities to meet project requirements.
What is a project constraint?
A limiting factor that affects the execution of a project, program, portfolio, or process
What is the project management office (PMO) ?
A management structure that standardizes the project- related governance processes and facilitates the sharing of resources ,methodologies, tools =, and techniques.
Who is the Project Manager?
The person assigned by the performing organization to lead the team that is the responsible for achieving the project objectives.
What is a portfolio?
Projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives.
What are enterprise environmental factors?
(Input/ Output) Conditions, not under the immediate control of the team, that influence , constrain, or direct the project , program, or portfolio.
What are organizational process assets?
( Input/ Output) Plans, processes, policies, procedures, and knowledge bases that are specific to and used by the performing organization.
What are the ten knowledge areas?
Project Integration Management, Project Scope Management, Project Schedule Management, Project Cost Management, Project Quality Management, Project Resource Management, Project Communications Management, Project Risk Management, Project Procurement Management, Project Stakeholder Management.
- What are the five process groups?
Initiating, Planning, Executing, Monitoring and Controlling, Closing.
