Product management pdm - Study guides, Class notes & Summaries

AIPMM Exam questions and answers 2023Product Management (PdM)? The process of conceiving, planning, developing, testing, launching, delivering, and retiring products in the market Process A series of steps and decision involved in the way work is completed 00:11 01:18 Inputs to a process Material, People, Procedures, Customer Requirements, and Drawings Outputs of a Process A part, a critical dimension, a critical characteristic, communication, date, information...

A Guide to the Project Management Body of Knowledge (PMBOK Guide) - ANSWER-The PMI publication that defines widely accepted project management practices. The CAPM and the PMP exam are based on this book. Application Areas - ANSWER-The areas of expertise, industry, or function where a project is centered. Examples of application areas include architecture, IT, health care, and manufacturing. Business Value - ANSWER-A quantifiable return on investment. The return can be tangible, such as equ...

19 -CAPM Final Practice Exam 150 Questions with Verified Answers The processes required to define the scope of the project, refine the objectives, and determine the appropriate course of action to achieve the project objectives. A. Executing process group B. Monitoring and controlling process group C. Scoping process group D. Planning process group - CORRECT ANSWER Workbook, CAPM Final Practice Exam, page 210, #1 Answer: D The processes that track, review, and regulate the p...

CAPM PRACTICE EXAM 3|197 Questions with Verified Answers "QUESTION NO: 1 Power, urgency and legitimacy are attributes of which stakeholder classification model? salience influence/impact power/interest power/influence - CORRECT ANSWER Power, urgency and legitimacy are attributes of which stakeholder classification model? salience "QUESTION NO: 2 Through whom do project managers accomplish work? consultants and stakeholders stakeholders and functional managers project team...

Initiation Process - ANSWER-Obtain authorization to start a new project or phase on an existing project Planning Process - ANSWER-Establish the scope of the project, refine the objectives and define the course of action required Executing Process - ANSWER-Complete the work defined in the project management plan to satisfy the project specifications Monitoring and Controlling Process - ANSWER-Track, review, and regulate the progress and performance of the project; identify areas which ch...

CAPM Practice 172 Questions with Verified Answers Which of the following is a tool or technique used in the monitor communications process? - CORRECT ANSWER interpersonal and team skills what is the definition of work package? - CORRECT ANSWER the work defined at the lowest level of the work breakdown structure or which cost and duration are estimated and managed what is the best definition of project quality management? - CORRECT ANSWER the process of incorporating the organization's ...

CAPM Exam Prep, PMI, PMBOK 6th Edition 1297 Questions with Verified Answers 360-degree appraisal - CORRECT ANSWER A performance review completed by a person's peers, manager, and subordinates. It's called a 360-degree appraisal as it's a circle of reviews by people at different levels of an organization. Acceptance - CORRECT ANSWER This is a response to a risk event, generally made when the probability of the event and/or impact are small. It is used when mitigation, transference, or av...

CAPM 7th Edition Practice Exam 22 Questions with Verified Answers The issues you are facing on your project could have been predicted if a formal risk management process was used. Which document would have been most useful to you along the entire risk management process, from identifying risks to planning and implementing responses to monitoring risks? A Risk register B List of risk triggers C Risk mitigation D Decision tree - CORRECT ANSWER Risk register - A risk register is a repository...

CAPM Practice Exam 260 Questions with Verified Answers 3 things that describe role of a PM ?? - CORRECT ANSWER 1. responsible for the final result of the team 2. need to integrate multiple disciplines 3. communicate with team Cost Management Plan has these 3 characteristics - CORRECT ANSWER 1. describes how project costs will be planned, structured, & controlled 2. may specify level of precision, degree to which activity cost estimates will be rounded up or down 3. may specify varia...

CAPM Practice Exam 151 Questions with Verified Answers What includes the reasons for project initiation, objectives and a decision on the project? - CORRECT ANSWER Business Case Crashing - CORRECT ANSWER A technique used to shorten the schedule duration for the least incremental cost by adding resources. Fast-Tracking - CORRECT ANSWER A schedule compression technique in which activities or phases normally done in sequence are performed in parallel for at least a portion of their duratio...