CAPM PMI EXAM WITH 100%
GUARANTEE PASS
Predictive nLife nCycle n- ncorrect nanswers n-A nproject nlife ncycle nwhen nthe nscope,
ntime nand ncost nare ndetermined nas nearly nin nthe nlife ncycle nas npossible.
Plan-Driven
Waterfall nApproach n( nA nprojects nthat nrequires nto ncomplete none nphase nto ngo nto
nthe nnext) n
Changes nto nthe nscope nare ntightly ncontrolled
Iterative/Incremental nProcess n- ncorrect nanswers n-Any nprocess nthat nis nrepeated
nmore nthan nonce. nThe nfive nprocess ngroups nare nrepeated nthroughout nthe
nproject's nlife nbecause nof nchange nrequests, nresponses nto nchange, ncorrective
naction, nand nunderstanding nof nthe nproduct ndevelops.
,Tailoring nthe nProcesses n- ncorrect nanswers n-1) nChoose nwhat nprocesses nshould
nbe nused non na nproject n(Knowledge nAreas) n
2) nUnderstand nwhat ndepth nthe nprocesses nshould nbe nused
3) nNot nevery nprocess nis nneeded nfor neach nproject n(specific nto nthe nproject)
4) nThe nlarger nthe nproject nthe nmore nprocesses nare nlikely nneeded
Project n- ncorrect nanswers n-A ntemporary nendeavor nundertaken nto ncreate na nunique
nproduct, nservice, nor nresult. nExamples:
n1. nExpanding na ntour nguide nservice
2. nMerging ntwo norganizations
3. nImproving na nbusiness nprocess nwithin nan norganization n
4. nAcquiring nand ninstalling na nnew ncomputer nhardware nsystem. n
5. nConstructing na nnew nambulatory nunit nin nthe nhospital
Deliverables n- ncorrect nanswers n-Tangible nor nintangible nproducts nof nwork nthat
nmust nbe nprovided nto nsomeone nelse. n
Tangible nelements: n
1. nMonetary nassets
2. nStockholder nequity n
3. nUtility n
4. nMarket nshare n
5. nTool
Intangible nelements:
1. nGoodwill
2. nBrand nrecognition
3.Public nbenefit
4. nReputation n
5. nTrademarks n
A n-------------- nto nbuild na nnational nmonument nwill ncreate na ndeliverable nexpected
nto nlast nfor ncenturies.
End nof na nproject nis nreached nwhen n- ncorrect nanswers n-Either nof nthese nare
ncorrect. n
1. nThe nproject's nobjectives nhave nbeen nachieved n
2. nThe nobjectives nwill nnot nor ncannot nbe nmet n
,3. nFunding nhas nbeen nexhausted n
4. nThe nneed nfor nthe nproject nno nlonger nexist n
5. nProject nterminated ndue nto nlegal ncause nor
Projects ndrive nchange n- ncorrect nanswers n-A nproject nis naimed nat nmoving nan
norganization nfrom none nstate nto nanother nstate nin norder nto nachieve na nspecific
nobjective.
Look nat nimage nMy nNotes
Project nInitiation nContext n- ncorrect nanswers n-Four ncategories nthat nillustrate nthe
nbirth nof na nproject. n
1. nThe nproject nmeets nregulatory, nlegal, nor nsocial nrequirements.
2. nSatisfy nstakeholder nrequests nor nneeds.
3. nImplement nor nchange nbusiness nor ntechnological nstrategies n
4. nCreate, nimprove, nor nfix nproducts, nprocesses nor nservices. n
SEE nIMAGE nMICROSOFT nNOTES
Project nManagement n- ncorrect nanswers n-The napplication nof nknowledge, nskills,
ntools, nand ntechniques nto nproject nactivities nto nmeet nproject nrequirements
Project nManagement nis nuseful nin nresolving nproblems nor nissues, noptimizing
norganizations nresources, nidentifying, nrecovering nand nterminating nfailing nprojects,
nmanaging nscope, nquality(timeline), nschedule, ntight nbudgets/cost, nresources... netc.
poor nproject nmanagement n- ncorrect nanswers n--cost noverruns
-time nslippage
-Poor nquality nof nwork
-Loss nof nreputation nfor nthe norganization
-technical nshortfalls nimpairing nperformance
-failure nto nobtain nanticipated nbenefits
Three nManaged nProject nScenarios n- ncorrect nanswers n-1. nStand nAlone nProject
n(outside nof na nportfolio nor nprogram). n
2. nWithin na nprogram n
3. nWithin na nPortfolio
, Program n- ncorrect nanswers n-A ngroup nof nrelated nprojects, nsubprograms, nand
nprogram nactivities nmanaged nin na ncoordinated nway nto nobtain nbenefits nnot
navailable nfrom nmanaging nthem nindividually.
Related nprojects! nkey nwords.
Example: nThere nis nTV nDivision nat nBest-buy. nThe nstore nis nlooking nto nlaunch na
nnew ntv nso nwithin nthe nTV nDivision nthere nis nthe ndevelopment, nmarketing nand
nmanufacturing ndepartment. nThese ndepartments nwill nwork ntogether nto nlaunch nthe
nnew ntv nproduct.
Portfolio n- ncorrect nanswers n-Projects, nprograms, nsubportfolios, nand noperations
nmanaged nas na ngroup nto nachieve nstrategic nobjectives.
Key nwords nis nit nused nto nachieve nstrategic nobjectives.
Organizational nbenefits nlike nreduction nin ncosts, nincrease nin nprofits nand na ngood
nreturn non ninvestment.
Portfolio nManagement n- ncorrect nanswers n-The ncentralized nmanagement nof none
nor nmore nportfolios nto nachieve nstrategic nobjectives.
Results nin n
- nguide norganizational ninvestment ndecisions n
-Provide ndecision nmaking ntransparency n
-Increase nthe nlikelihood nof nrealizing nthe ndesired nreturn non ninvestment
Operations nManagement n- ncorrect nanswers n-the nongoing nproduction nof ngoods
nand nservice. nIt nensures nthat na nbusiness ncontinues nto noperate nefficiently nby
nusing noptimal nresources nneeded nto nmeet ncustomer ndemands. n
In nother nwords nmanages nprocesses nof ninput nsuch nas nmaterials, nlabor, nenergy
ninto noutputs nsuch nas nproducts ngoods nand nservices
Organizational nProject nManagement n- ncorrect nanswers n-defined nas na nframework
nin nwhich nportfolio, nprogram nand nproject nmanagement nare nintegrated nwith
norganizational nenablers nin norder nto nachieve nstrategic nobjectives.
Project nLife nCycle n- ncorrect nanswers n-Describes nthe nseries nof nphases nthat na
nproject npasses nthrough nfrom nits ninitiation nto nits nclosure.
Project nPhase n- ncorrect nanswers n-A ncollection nof nlogically nrelated nproject
nactivities nthat nculminates nin nthe ncompletion nof none nor nmore ndeliverables.
GUARANTEE PASS
Predictive nLife nCycle n- ncorrect nanswers n-A nproject nlife ncycle nwhen nthe nscope,
ntime nand ncost nare ndetermined nas nearly nin nthe nlife ncycle nas npossible.
Plan-Driven
Waterfall nApproach n( nA nprojects nthat nrequires nto ncomplete none nphase nto ngo nto
nthe nnext) n
Changes nto nthe nscope nare ntightly ncontrolled
Iterative/Incremental nProcess n- ncorrect nanswers n-Any nprocess nthat nis nrepeated
nmore nthan nonce. nThe nfive nprocess ngroups nare nrepeated nthroughout nthe
nproject's nlife nbecause nof nchange nrequests, nresponses nto nchange, ncorrective
naction, nand nunderstanding nof nthe nproduct ndevelops.
,Tailoring nthe nProcesses n- ncorrect nanswers n-1) nChoose nwhat nprocesses nshould
nbe nused non na nproject n(Knowledge nAreas) n
2) nUnderstand nwhat ndepth nthe nprocesses nshould nbe nused
3) nNot nevery nprocess nis nneeded nfor neach nproject n(specific nto nthe nproject)
4) nThe nlarger nthe nproject nthe nmore nprocesses nare nlikely nneeded
Project n- ncorrect nanswers n-A ntemporary nendeavor nundertaken nto ncreate na nunique
nproduct, nservice, nor nresult. nExamples:
n1. nExpanding na ntour nguide nservice
2. nMerging ntwo norganizations
3. nImproving na nbusiness nprocess nwithin nan norganization n
4. nAcquiring nand ninstalling na nnew ncomputer nhardware nsystem. n
5. nConstructing na nnew nambulatory nunit nin nthe nhospital
Deliverables n- ncorrect nanswers n-Tangible nor nintangible nproducts nof nwork nthat
nmust nbe nprovided nto nsomeone nelse. n
Tangible nelements: n
1. nMonetary nassets
2. nStockholder nequity n
3. nUtility n
4. nMarket nshare n
5. nTool
Intangible nelements:
1. nGoodwill
2. nBrand nrecognition
3.Public nbenefit
4. nReputation n
5. nTrademarks n
A n-------------- nto nbuild na nnational nmonument nwill ncreate na ndeliverable nexpected
nto nlast nfor ncenturies.
End nof na nproject nis nreached nwhen n- ncorrect nanswers n-Either nof nthese nare
ncorrect. n
1. nThe nproject's nobjectives nhave nbeen nachieved n
2. nThe nobjectives nwill nnot nor ncannot nbe nmet n
,3. nFunding nhas nbeen nexhausted n
4. nThe nneed nfor nthe nproject nno nlonger nexist n
5. nProject nterminated ndue nto nlegal ncause nor
Projects ndrive nchange n- ncorrect nanswers n-A nproject nis naimed nat nmoving nan
norganization nfrom none nstate nto nanother nstate nin norder nto nachieve na nspecific
nobjective.
Look nat nimage nMy nNotes
Project nInitiation nContext n- ncorrect nanswers n-Four ncategories nthat nillustrate nthe
nbirth nof na nproject. n
1. nThe nproject nmeets nregulatory, nlegal, nor nsocial nrequirements.
2. nSatisfy nstakeholder nrequests nor nneeds.
3. nImplement nor nchange nbusiness nor ntechnological nstrategies n
4. nCreate, nimprove, nor nfix nproducts, nprocesses nor nservices. n
SEE nIMAGE nMICROSOFT nNOTES
Project nManagement n- ncorrect nanswers n-The napplication nof nknowledge, nskills,
ntools, nand ntechniques nto nproject nactivities nto nmeet nproject nrequirements
Project nManagement nis nuseful nin nresolving nproblems nor nissues, noptimizing
norganizations nresources, nidentifying, nrecovering nand nterminating nfailing nprojects,
nmanaging nscope, nquality(timeline), nschedule, ntight nbudgets/cost, nresources... netc.
poor nproject nmanagement n- ncorrect nanswers n--cost noverruns
-time nslippage
-Poor nquality nof nwork
-Loss nof nreputation nfor nthe norganization
-technical nshortfalls nimpairing nperformance
-failure nto nobtain nanticipated nbenefits
Three nManaged nProject nScenarios n- ncorrect nanswers n-1. nStand nAlone nProject
n(outside nof na nportfolio nor nprogram). n
2. nWithin na nprogram n
3. nWithin na nPortfolio
, Program n- ncorrect nanswers n-A ngroup nof nrelated nprojects, nsubprograms, nand
nprogram nactivities nmanaged nin na ncoordinated nway nto nobtain nbenefits nnot
navailable nfrom nmanaging nthem nindividually.
Related nprojects! nkey nwords.
Example: nThere nis nTV nDivision nat nBest-buy. nThe nstore nis nlooking nto nlaunch na
nnew ntv nso nwithin nthe nTV nDivision nthere nis nthe ndevelopment, nmarketing nand
nmanufacturing ndepartment. nThese ndepartments nwill nwork ntogether nto nlaunch nthe
nnew ntv nproduct.
Portfolio n- ncorrect nanswers n-Projects, nprograms, nsubportfolios, nand noperations
nmanaged nas na ngroup nto nachieve nstrategic nobjectives.
Key nwords nis nit nused nto nachieve nstrategic nobjectives.
Organizational nbenefits nlike nreduction nin ncosts, nincrease nin nprofits nand na ngood
nreturn non ninvestment.
Portfolio nManagement n- ncorrect nanswers n-The ncentralized nmanagement nof none
nor nmore nportfolios nto nachieve nstrategic nobjectives.
Results nin n
- nguide norganizational ninvestment ndecisions n
-Provide ndecision nmaking ntransparency n
-Increase nthe nlikelihood nof nrealizing nthe ndesired nreturn non ninvestment
Operations nManagement n- ncorrect nanswers n-the nongoing nproduction nof ngoods
nand nservice. nIt nensures nthat na nbusiness ncontinues nto noperate nefficiently nby
nusing noptimal nresources nneeded nto nmeet ncustomer ndemands. n
In nother nwords nmanages nprocesses nof ninput nsuch nas nmaterials, nlabor, nenergy
ninto noutputs nsuch nas nproducts ngoods nand nservices
Organizational nProject nManagement n- ncorrect nanswers n-defined nas na nframework
nin nwhich nportfolio, nprogram nand nproject nmanagement nare nintegrated nwith
norganizational nenablers nin norder nto nachieve nstrategic nobjectives.
Project nLife nCycle n- ncorrect nanswers n-Describes nthe nseries nof nphases nthat na
nproject npasses nthrough nfrom nits ninitiation nto nits nclosure.
Project nPhase n- ncorrect nanswers n-A ncollection nof nlogically nrelated nproject
nactivities nthat nculminates nin nthe ncompletion nof none nor nmore ndeliverables.
