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CAPM > Deck 2 > Flashcards

Deck 2 Flashcards

1
Q

Reasons for Project Initiation

A

Meet legal or social requirements, Satisfy stakeholder needs, Implement or change or business or tech strategies, Create or improve products or processes.

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2
Q

Process Groups

A

Initiating, Planning, Executing, Monitoring and Controlling, Closing.

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3
Q

Project Integration Management Processes

A 
Develop project charter
Develop project management plan
Direct & manage project work
Manage project knowledge
Monitor and control project work
Perform integrated change control
Close project or phase.
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4
Q

Project Integration Management Key Concepts

A

Integration management, Project charter, Project management plan.

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5
Q

Project Scope Management Processes

A

Plan scope management, Collect requirements, Define scope, Create WBS, Validate scope, Control scope.

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6
Q

Collect Requirements Key Tools

A

Brainstorming, Interviews, Focus groups, Surveys, Benchmarking, Document analysis, Voting, Multi-criteria decision analysis, Affinity diagrams, Mind mapping, Nominal group technique, Observations and conversations, Facilitation, Context diagrams, prototypes.

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7
Q

Collect Requirements Key Outputs

A

Requirements Traceability Matrix

Requirements Documentation

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8
Q

Scope Baseline Components

A 
Project Scope Statement
WBS
Work Packages
Planning Package
WBS Dictionary
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9
Q

Project Schedule Management Processes

A 
Plan Schedule Management
Define Activities
Sequence Activities
Estimating Activity Durations
Develop Schedule
Control Schedule
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10
Q

Define Activities Key Outputs

A

Activity List
Activity Attributes
Milestone List

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11
Q

Sequence Activities Key Tools

A

Dependency Determination & Integration
Precedence Diagramming Method (Finish-Finish, Finish-Start, etc)
Leads & Lags

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12
Q

Develop Schedule Key Tools

A 
Schedule Network Analysis
Critical Path Method
Resource Optimisation
Schedule Compression
Agile Release Planning
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13
Q

Develop Schedule Key Outputs

A

Schedule Baseline
Project Schedule
Schedule Data
Project Calendars

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14
Q

Estimate Activity Durations Key Techniques

A

Bottom-Up Estimating
Analogous Estimating
Parametric Estimating
Three-Point Estimating

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15
Q

Estimate Activity Duration Key Outputs

A

Duration Estimates

Basis of Estimates

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16
Q

Project Cost Management Processes

A

Plan Cost Management
Estimate Costs
Determine Budget
Control Costs

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17
Q

Estimate Costs Key Outputs

A

Cost Estimates

Basis of Estimates

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18
Q

Determine Budget Key Outputs

A

Cost Baseline

Project Funding Requirements

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19
Q

Determine Budget Key Tools

A 
Cost Aggregation
Data Analysis
Historical Information Review
Funding Limit Reconciliation
Financing
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20
Q

Control Costs Key Techniques

A

Earned Value Analysis
Variance Analysis
Trend Analysis
To-Complete Performance Index

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21
Q

Schedule Variance Formula

A

SV = EV - PV

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22
Q

Cost Variance Formula

A

CV = EV - AC

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23
Q

Schedule Performance Index Formula

A

SPI = EV / PV

24
Q

Cost Performance Index Formula

A

CPI = EV / AC

25
Q

Project Quality Management Processes

A

Plan Quality Management
Manage Quality
Control Quality

26
Q

Cost of Quality Types

A

Cost of Quality
Cost of Conformance
Cost of Non-Conformance

27
Q

Plan Quality Management Key Outputs

A

Quality Management Plan

Quality Metrics

28
Q

Quality Management Tools

A 
Data Representation
Data Gathering
Data Analysis
Audits
Design for X
Inspection
Testing & Product Evaluations
29
Q

Project Resource Management Processes

A 
Plan Resource Management
Estimate Activity Resources
Acquire Resources
Develop Team
Manage Team
Control Resources
30
Q

Plan Resource Management Key Tools

A

Organisational Theory

Data Representation

31
Q

Plan Resource Management Key Outputs

A

Resource Management Plan

Team Charter

32
Q

Estimate Activity Resources Key Outputs

A

Resource Requirements
Resource Breakdown Structure
Basis of Estimates

33
Q

Acquire Resources Key Tools

A

Pre-Assignment
Virtual Teams
Multi-Criteria Decision Analysis
Negotiation

34
Q

Develop Team Key Tools

A 
Co-Location
Virtual Teams
Communication Technology
Interpersonal Skills
Recognition & Rewards
Training
Individual & Team Assessments
35
Q

Conflict Resolution Techniques

A 
Withdraw/Avoid
Smooth/Accommodate
Compromise/Reconcile
Force/Direct
Collaborate/Solve
36
Q

Project Communications Management Processes

A

Plan Communications Management
Manage Communications
Monitor Communications

37
Q

Communication Methods

A

Push Communication
Pull Communication
Interactive Communication

38
Q

Communication Model Steps

A 
Encode
Transmit
Noise
Decode
Acknowledge
Feedback/Response
39
Q

Communications Channels Formula

A 
# of stakeholders = n
# of communication channels =  n(n-1)/2
40
Q

Project Risk Management Processes

A 
Plan Risk Management
Identify Risks
Perform Qualitative Risk Analysis
Perform Quantitative Risk Analysis
Plan Risk Response 
Implement Risk Responses
Monitor Risks
41
Q

Project Risk Management Key Concepts

A

Risk
Probability
Impact
Risk Register

42
Q

Identify Risks Data Gathering Techniques

A

Brainstorming
Checklists
Interviewing

43
Q

Identify Risks Data Analysis Techniques

A

SWOT analysis
Root Cause Analysis
Document Analysis
Assumption Analysis

44
Q

Perform Quantitative Risk Analysis Tools

A

Simulations
Sensitivity Analysis
Decision Tree Analysis
Influence Diagrams

45
Q

Negative Risk Responses (Threats)

A 
Avoid
Transfer
Mitigate
Accept
Escalate
46
Q

Positive Risk Responses (Opportunities)

A 
Exploit
Enhance
Share
Accept
Escalate
47
Q

Project Procurement Management Processes

A

Plan Procurement Management
Conduct Procurements
Control Procurements

48
Q

Plan Procurements Management Key Outputs

A 
Procurement Management
Procurement Strategy
Procurement SOW
Bid Documents
Make or Buy Decisions
Source Selection Criteria
Independent Cost Estimates
49
Q

Conduct Procurements Key Tools

A

Advertising
Bidder Conferences
Data Analysis
Interpersonal Skills

50
Q

Control Procurements Key Tools

A

Data Analysis
Claims Administration
Audits

51
Q

Contract Types

A

Fixed Price
Cost-Reimbursable
Time & Materials

52
Q

Project Stakeholder Management Processes

A

Identify Stakeholders
Plan Stakeholder Engagement
Manage Stakeholder Engagement
Monitor Stakeholder Engagement

53
Q

Initiating Process Group Tip

A

Only two processes

Develop Project Charter and Identify Stakeholders

54
Q

Planning Process Group Tip

A

Usually includes “plan”, “estimate”, or “define” in the name.

55
Q

Executing Process Group Tip

A

Usually includes “manage”, “conduct”, or “acquire” in the name.

56
Q

Monitoring and Controlling Process Group Tip

A

Always includes “monitor”, “control”, or “validate” in the name.

57
Q

Closing Process Group Tip

A

Only one process.

Close Project or Phase.

CAPM (2 decks)

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