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CAPM Study Guide
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Program vs. Portfolio vs. project - Answer-program is a collection of projects and a porfolio is a collection of programs and projects.
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CAPM Study GuideProgram 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.
projecti -i Answer-Ai temporaryi endeavori undertakeni toi createi ai uniquei product,i service,i ori
result.i
1.i goalsi andi deliverablesi
2.i starti andi endi datei
3.i cleari scopei andi deliverablesi
4.i specifici resourcesi andi budgeting
programi -i Answer-1.i closelyi relatedi projectsi
2.i multiplei projectsi withi interdependenciesi
3.i largeri scopei thani largei projecti
4.i longeri timeline
Portfolioi -i Answer-collectioni ofi projectsi andi programsi andi operationi thati aligni withi strategici
objectives.i
-i broadi scopei thati encompassesi alli worki withini ani organizationi
-i usedi toi managei andi prioritizei projectsi andi programs
summaryi ofi portfolio,i programi andi projectsi -i Answer--i project:i temp,i specifici goal,i
deliverablesi
-i program:i multiplei projects,i commoni objective,i largeri scopei
portfolio:i collectioni ofi work,,i strategici alignment,i broadi scope
, advantagesi ofi project,i programi andi portfolioi -i Answer-project:i agile,i responsivei toi changei
focusedi oni specifici goals.i
program:i efficient,i costi effective,i coordinationi ofi multiplei projects.i
portfolio:i strategic,i alignmenti withi long-termi goals,i broadi scope
Disadvantagesi ofi project,i program,i andi portfolioi -i Answer-project:i risky,i potentiali fori failurei
limitedi scopei
program:i complex,i coordinationi challenges,i longeri timeline
portfolio:i difficultyi ini managingi andi alignmenti withi changingi priorities,i broadi scope.
predictivei projectsi -i Answer--i predictedi oni pasti trendsi andi datai
-i involvesi longi termi planningi toi predicti futurei eventsi ori outcomesi
-i detailedi plansi andi budgetsi
-i allowsi fori morei accuratei forecastingi andi planningi
-i mayi bei lessi flexiblei andi lessi ablei toi adapti toi unexpectedi changes
adaptivei projectsi -i Answer--i assumptioni thati thei futurei isi uncertaini andi subjecti toi changei
-i plansi andi decisionsi shouldi bei flexiblei andi adapti toi changingi circumstancesi
-i softwarei developmenti
-i crisisi management
differencesi btwni predictivei andi adaptivei -i Answer--i assumptioni ofi predictability
-i assumptioni ofi uncertainty
-i focusi oni long-termi planningi
-i focusi oni short-termi adaptability
predictivei approachi examplei -i Answer-1.i foundationi
2.i framingi
3.i interiori
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