Exam (elaborations)
Certified Associate In Project Management Exam - Study Guide (Complete)
- Institution
- CERTIFIED ASSOCIATE IN PROJECT MANAGEMENT
Certified Associate In Project Management Exam - Study Guide (Complete)
[Show more]
Content preview
Certified Associate In Project Management Exam -Study Guide (Complete)
A Guide to the Project Management Body of Knowledge (PMBOK Guide) (1)
✔️Ans - - defines widely accepted project management practices
- CAPM/PMP exams are based on this
Application Areas (1) ✔️Ans - Areas of expertise, industry, or function
where a project is centered
ex. IT, construction, engineering
Business Value (1) ✔️Ans - Quantifiable R.O.I.
Tangible: equipment, $, market share
Intangible: brand recognition, trademarks, reputation
CAPM (1) ✔️Ans - Slightly less qualified than a PMP, but passed the CAPM
exam
Cultural and Social Environment (1) ✔️Ans - How a project affects
people/how people affect the project
Include... Economic, Educational, Ethical, Religious, Demographic, and Ethnic
composition of the people affected by the project
Deliverable (1) ✔️Ans - - Product, service, or result created by the project
- Multiple deliverables may exist
General Management Skills (1) ✔️Ans - Application of accounting,
procurement, sales and marketing, contracting, manufacturing, logistics,
strategic planning, human resource management, standards and regulations,
and information technology
International and Political Environment (1) ✔️Ans - The consideration of
local/int'l laws, languages, communication challenges, time zone differences,
and other issues that affect project progress
,Interpersonal Skills (1) ✔️Ans - Ability to interact, lead, motivate, and
manage people
Iron Triangle of PM (1) ✔️Ans - - Time, Scope, Cost are the three points of
the triangle
- If one is effected, project QUALITY is affected
- "Triple Constraints of PM"
Physical Environment (1) ✔️Ans - Physical structure + surroundings
affecting project work
Process Groups (1) ✔️Ans - - Collection of related processes (49
processes)
5 groups:
1. Initiating (2)
2. Planning (24)
3. Executing (10)
4. Monitor + Control (12)
5. Close (1)
Program (1) ✔️Ans - A collection of related projects working in unison
toward a common deliverable
Progressive Elaboration (1) ✔️Ans - - Process of gathering project details
- Uses deductive reasoning, logic, and other info-gathering techniques to
figure out details of project/product/solution
Project (1) ✔️Ans - - Temporary
- Unique product, service, result ("deliverable(s)")
Project Benefits Management Plan (1) ✔️Ans - - Document
created/maintained by project sponsor + PM
- Defines benefits project will create, when, and how they will be measured
Project Business Case (1) ✔️Ans - - Created/maintained by project
sponsor
- Explains financial validity of project
- Created before launching for Go-No Go purposes
,Project Environment (1) ✔️Ans - - Location/culture of where project
work takes place
- Social, Economic, Environmental variables that project must work around
Project Management Institute (1) ✔️Ans - - Project mgm professionals
world-wide
- Promote careers, values, and concerns of PM's
Project Life Cycle (1) ✔️Ans - - Phases of the project
- Unique to type of work (i.e. application), not universal
Project Management Office (PMO) (1) ✔️Ans - - Central office that
oversees all projects within an ORAGNIZATION or DEPARTMENT
- PMO supports PM (training, templates, policies, comms, dispute resolution,
etc.)
- standardizes the way projects are run at the company
Project Management Professional (PMP) (1) ✔️Ans - Proven PM
experience + passed PMP exam
Project Portfolio Management (1) ✔️Ans - - Management of selection of
projects supporting company's strategy (vis/mis)
- Includes risk, reward, ROI and priority of each project
- Senior management handle this
Subproject (1) ✔️Ans - - smaller project within a parent project
(ex. contracted work)
Triple Constraints of Project Management (1) ✔️Ans - - "Iron Triangle"
- Scope, Time, Cost (constraints) = QUALITY
Work Performance Data (1) ✔️Ans - - Raw Data collected through check-
ins with project team
- Stored in PM info system
Work Performance Information (1) ✔️Ans - - Processed/analyzed raw
data
- Helps inform project decisions that PM makes
, Work Performance Reports (1) ✔️Ans - - Formatted work performance
information
- Communicate to stakeholders project progress
Balanced Matrix Structure (2) ✔️Ans - - Resources pooled into one
project team
- FM and PM share project power
Cultural Norms (2) ✔️Ans - - Culture + Styles of an organization
- work ethics, hours, view of authority, shared values
Enterprise Environmental Factors (EEFs) (2) ✔️Ans - - Conditions that
affect how project is managed
- Constraints
- Within organization (PMO) or external (laws, regulations)
Functional Structure (2) ✔️Ans - - Organization is divided into functions
(purchasing, legal, IT, etc.)
- FM has almost all authority + does budget
- PM has little-no authority + part-time
Governance Framework (2) ✔️Ans - - Rules, policies, and procedures that
employees must follow
- Applies to organizations, portfolios, programs, and projects
- wrt projects describes vision alignment, risk management, KPIs,
communication
Hybrid Structure (2) ✔️Ans - - Mix of organization structures depending
on project
- Mixed PM power + can be full-time or part-time
- PM or FM do budget
Multidivisional Structure (2) ✔️Ans - - Decentralized structure (repetition
of roles throughout organization)
- FM has most power + controls budget
- PM has little-no power + part-time
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Studycafe. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for CA$28.86. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
62890 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now