CAPM Exam 7th Edition Outline Final Exam prep
Project - correct answersa temporary endeavor undertaken to create a unique product, service or result
Program - correct answersA grouping of related projects that are managed together to capitalize on
benefits that couldn't be achieved if the projects were managed separately
Portfolio - correct answersincludes programs, individual projects, and other related operational work
that is prioritized and implemented to achieve a specific strategic business goal
Project vs. Operations - correct answersAn operation is different from a project in the following way:
It does not create a unique product, service or a result.
It does not have a definite beginning and an end.
Predictive vs. adaptive approaches - correct answersPredictive = the scope of the project is clearly
defined and fixed at the start of the project and any changes to the scope require rigorous change
control procedures
Adaptive = the scope isn't fixed and can evolve over time. agile, iterative, or incremental. Scope is
defined and approved before start of an iteration. Also known as change-driven life cycles.
Issues vs. Risks vs. Assumptions vs. Constraints - correct answersIssue = already has occurred
Risk = is a potential issue that may or may not happen and can impact the project positively or
negatively
Assumptions = conditions that are supposed to be true. If these assumption terms turn false, they may
become risks and issues
Constraints = limitations imposed on the project. If they turn false, they would be beneficial for the
project
Review/critique project scope - correct answersMust be specific and measurable
Work performed to create a deliverable that can be defined at the beginning of a project life cycle, or
over the course of multiple iterations. Completion of a scope is measured against the original project
management plan. Scope must be defined, validated, and controlled through the whole process.
PMI Code of Ethics and Professional Conduct - correct answersresponsibility, respect, fairness, and
honesty
Explain how a project can be a vehicle for change - correct answersThe actual work that is performed in
transitioning from the current state to a future state is the project.
, Projects are necessary to implement change to an organization. They transfer new deliverables to
operations for a smooth transition of rules, ideas, and other processes to help improve operations.
Describe the purpose and importance of cost, quality, risk, schedule, etc. - correct answersIntegration -
coordinating the various activities within various process groups. Processes to keep the project together.
Scope - determines the work required, and only that work, needed to complete a project. Processes to
define tasks & deliverables.
Schedule - Managing timely completion of the project. Processes for time management.
Cost - Approved budget and its planning and management. Processes to identify budget.
Quality - Incorporation of company quality policy and continuous process improvement to meet
stakeholder expectations. Processes for quality assurance.
Resources - availability and management of right resources for project completion. Processes for
resource allocation.
Communications - effective project information exchange and distribution. Processes for
communication plans.
Risk - managing constraints and assumptions that haven't happened yet, but could have positive or
negative effects if they do. Processes for assessing and preparing for risks.
Procurement - purchasing or acquiring necessary resources, services, or results from outside project
team. Processes for having the necessary resources to finish the project.
Stakeholders - Groups or people that could impact the project that must be engaged with properly to
support project decisions and execution. Processes for managing stakeholders.
Distinguish between the different deliverables of a project management plan vs. a product management
plan - correct answersProject management plan - deliverables are the components of a project
management plan such as project documents.
Product Management plan - deliverables are a product or service.
Distinguish differences between a milestone and a task duration. - correct answersMilestone - a
significant event in a project, program, or portfolio
Task Duration - actual time it takes to complete a task
Determine the number and type of resources in a project. - correct answerswork, material, and cost
Resource Requirements = A document containing a description of the types and quantities of resources
required for each activity in a work package.
Project - correct answersa temporary endeavor undertaken to create a unique product, service or result
Program - correct answersA grouping of related projects that are managed together to capitalize on
benefits that couldn't be achieved if the projects were managed separately
Portfolio - correct answersincludes programs, individual projects, and other related operational work
that is prioritized and implemented to achieve a specific strategic business goal
Project vs. Operations - correct answersAn operation is different from a project in the following way:
It does not create a unique product, service or a result.
It does not have a definite beginning and an end.
Predictive vs. adaptive approaches - correct answersPredictive = the scope of the project is clearly
defined and fixed at the start of the project and any changes to the scope require rigorous change
control procedures
Adaptive = the scope isn't fixed and can evolve over time. agile, iterative, or incremental. Scope is
defined and approved before start of an iteration. Also known as change-driven life cycles.
Issues vs. Risks vs. Assumptions vs. Constraints - correct answersIssue = already has occurred
Risk = is a potential issue that may or may not happen and can impact the project positively or
negatively
Assumptions = conditions that are supposed to be true. If these assumption terms turn false, they may
become risks and issues
Constraints = limitations imposed on the project. If they turn false, they would be beneficial for the
project
Review/critique project scope - correct answersMust be specific and measurable
Work performed to create a deliverable that can be defined at the beginning of a project life cycle, or
over the course of multiple iterations. Completion of a scope is measured against the original project
management plan. Scope must be defined, validated, and controlled through the whole process.
PMI Code of Ethics and Professional Conduct - correct answersresponsibility, respect, fairness, and
honesty
Explain how a project can be a vehicle for change - correct answersThe actual work that is performed in
transitioning from the current state to a future state is the project.
, Projects are necessary to implement change to an organization. They transfer new deliverables to
operations for a smooth transition of rules, ideas, and other processes to help improve operations.
Describe the purpose and importance of cost, quality, risk, schedule, etc. - correct answersIntegration -
coordinating the various activities within various process groups. Processes to keep the project together.
Scope - determines the work required, and only that work, needed to complete a project. Processes to
define tasks & deliverables.
Schedule - Managing timely completion of the project. Processes for time management.
Cost - Approved budget and its planning and management. Processes to identify budget.
Quality - Incorporation of company quality policy and continuous process improvement to meet
stakeholder expectations. Processes for quality assurance.
Resources - availability and management of right resources for project completion. Processes for
resource allocation.
Communications - effective project information exchange and distribution. Processes for
communication plans.
Risk - managing constraints and assumptions that haven't happened yet, but could have positive or
negative effects if they do. Processes for assessing and preparing for risks.
Procurement - purchasing or acquiring necessary resources, services, or results from outside project
team. Processes for having the necessary resources to finish the project.
Stakeholders - Groups or people that could impact the project that must be engaged with properly to
support project decisions and execution. Processes for managing stakeholders.
Distinguish between the different deliverables of a project management plan vs. a product management
plan - correct answersProject management plan - deliverables are the components of a project
management plan such as project documents.
Product Management plan - deliverables are a product or service.
Distinguish differences between a milestone and a task duration. - correct answersMilestone - a
significant event in a project, program, or portfolio
Task Duration - actual time it takes to complete a task
Determine the number and type of resources in a project. - correct answerswork, material, and cost
Resource Requirements = A document containing a description of the types and quantities of resources
required for each activity in a work package.
