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CAPM course 2024 With Questions And Answers
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CAPM course 2024 With Questions And Answers
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CAPM course 2024 With Questions AndAnswers
Program vs. Portfolio vs. project - Answer program is a collection of projects and a
porfolio is a collection of programs and projects.
a project is a temporary endeavor.
project - Answer A temporary endeavor undertaken to create a unique product,
service, or result.
1. goals and deliverables
2. start and end date
3. clear scope and deliverables
4. specific resources and budgeting
program - Answer 1. closely related projects
2. multiple projects with interdependencies
3. larger scope than large project
4. longer timeline
Portfolio - Answer collection of projects and programs and operation that align with
strategic objectives.
- broad scope that encompasses all work within an organization
- used to manage and prioritize projects and programs
summary of portfolio, program and projects - Answer - project: temp, specific goal,
deliverables
- program: multiple projects, common objective, larger scope
portfolio: collection of work,, strategic alignment, broad scope
advantages of project, program and portfolio - Answer project: agile, responsive to
change focused on specific goals.
program: efficient, cost effective, coordination of multiple projects.
portfolio: strategic, alignment with long-term goals, broad scope
Disadvantages of project, program, and portfolio - Answer project: risky, potential for
failure limited scope
program: complex, coordination challenges, longer timeline
portfolio: difficulty in managing and alignment with changing priorities, broad scope.
predictive projects - Answer - predicted on past trends and data
- involves long term planning to predict future events or outcomes
- detailed plans and budgets
- allows for more accurate forecasting and planning
- may be less flexible and less able to adapt to unexpected changes
, CAPM course 2024 With Questions And
Answers
adaptive projects - Answer - assumption that the future is uncertain and subject to
change
- plans and decisions should be flexible and adapt to changing circumstances
- software development
- crisis management
differences btwn predictive and adaptive - Answer - assumption of predictability
- assumption of uncertainty
- focus on long-term planning
- focus on short-term adaptability
predictive approach example - Answer 1. foundation
2. framing
3. interior
4. landscaping
Adaptive Project Life Cycle - Answer This term is a combination of the iterative and
incremental project life cycle models. It requires that one must work in increments
because the nature of the work is only found by doing it. The specifics of work at the
end of the project are unknown at the start of the project. This term depends on getting
feedback after each increment of work and changing work techniques to meet that
challenge.
ex: construction
Project Life Cycle Phases - Answer initate, plan, execute, monitoring and controlling,
closing
Pure risk - Answer loss of life negative outcome
business risk - Answer loss or return of investment; negative or positive
Project issues - Answer risk events that occured
issue log
issue owner
issue resolution date
technical failure
data security
dependency on external resources
assumption - Answer you believe to be true but no yet proven.
ex: sharing (you assume available resources they you are actually limited)
project constraints - Answer anything that limits your options.
requirements for the project
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