A guide to the Project Management Body of Knowledge (PMBOK guide) notes (6th edition)

1. A project is: A. A set of sequential activities performed in a process orsystem. B. A revenue-generating activity that needs to be accomplished while achieving customer satisfaction. C. An ongoing endeavor undertaken to meet customer or marketrequirements. D. A temporary endeavor undertaken to create a unique product, service, or result. 2. Project management is : A. The integration of the critical path method and the Earned Value Managementsystem. B. The application of knowledge, ski...

1. Rather than using Triangular Distribution while doing Three Point Estimation, you choose to use Beta Distribution. Based on your analysis and understanding, you are confident that the project would be completed with a total cost of $108,000. You also estimate that a best case would be $90000, while a worst-case scenario would result in the costs incurred to shoot up to $138000. What would the Three Point Cost estimate be when using Beta Distribution?

I took these notes when I was studying for the CAPM. They are a summary containing most important points from Chapters 1-3 on the basic knowledge areas of Project Management. The notes contain definitions for each described word as well as a brief overview of each project management knowledge area and how they all relate to each other.

1. A project is: A. A set of sequential activities performed in a process orsystem. B. A revenue-generating activity that needs to be accomplished while achieving customer satisfaction. C. An ongoing endeavor undertaken to meet customer or marketrequirements. D. A temporary endeavor undertaken to create a unique product, service, or result. 2. Project management is : A. The integration of the critical path method and the Earned Value Managementsystem. B. The application of knowledge, ski...

1. Rather than using Triangular Distribution while doing Three Point Estimation, you choose to use Beta Distribution. Based on your analysis and understanding, you are confident that the project would be completed with a total cost of $108,000. You also estimate that a best case would be $90000, while a worst-case scenario would result in the costs incurred to shoot up to $138000. What would the Three Point Cost estimate be when using Beta Distribution?

I took these notes when I was studying for the CAPM. They are a summary containing most important points from Chapters 1-3 on the basic knowledge areas of Project Management. The notes contain definitions for each described word as well as a brief overview of each project management knowledge area and how they all relate to each other.