PMP certification exam study guide with COMPLETE SOLUTION

A Guide to the Project Management Body of Knowledge (PMBOK) Correct Ans - A PMI publication that defines widely accepted project management practices. The CAPM and PMP exam are based on this book. Application areas Correct Ans - The areas of expertise, industry, or function where a project is centered. Examples of application areas include architecture, IT, healthcare, or manufacturing. Certified Associate in Project Management (CAPM) Correct Ans - A person who has slightly less project management experience than a PMP, but who has qualified for and then passed the CAPM examination. Cultural and social environment Correct Ans - Defines how a project affects people and how those people may affect the project. Cultural and social environments include the economic, educational, ethical, religious, demographic, and ethnic composition of the people affected by the project. Deliverable Correct Ans - A product, service, or result created by a project. Projects can have multiple deliverables. General management skills Correct Ans - These include the 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 Correct Ans - The consideration of the local and international laws, languages, communication challenges, time zone differences, and other non-collocated issues that affect a project's ability to progress. Interpersonal skills Correct Ans - The ability to interact, lead, motivate, and manage people. Iron Triangle of Project Management Correct Ans - A triangle with the characteristics of time, cost, and scope. Time, cost, and scope each constitute one side of the triangle; if any side of the Iron Triangle is not in balance with the other sides, the project will suffer. The Iron Triangle of Project Management is also known as the Triple Constraints of Project Management, as all projects are constrained by time, cost, and scope. Physical environment Correct Ans - The physical structure and surroundings that affect a project's work. Program Correct Ans - A collection of related projects working in unison toward a common deliverable.