UDEMY - CAPM® CERTIFICATION:
ULTIMATE CAPM EXAM PREP
CORRECT 100%
What are the 2 main characteristics of a project? - ANSWER1. Temporary; has a
beginning and an end
2. Creates something unique i.e product, servic, or result
- Ex: Constructing a building, creating a website, creating an app
Why do we initiate projects? - ANSWERMain reason is to provide business value
including:
- Market demand
- Request of a customer
- Business need
- Environmental considerations
- Legal requirements
- Social need
- Technological advance
What is a Program? - ANSWERGroup of related projects.
What is a Portfolio? - ANSWERManagement of multiple Programs, Projects, and
sometimes Operations for a single company that may not be directly related to each
other but all have the same strategic goals. May consist or project or programs only
but typically has both.
What is Project Management? - ANSWERUsing tools and techniques to successfully
meet all of the project requirements including:
- scope
- budget
- time
- quality
- efficient work
- other
How many processes does PMBok Guide have? - ANSWER49 processes
List the 5 Process Groups of Project Management - ANSWER1. Initiating
2. Planning
3. Executing
4. Monitoring & Controlling
5. Closing
List the 10 Knowledge Areas of Project Management - ANSWER1. Integration
2. Scope
, 3. Schedule
4. Cost
5. Quality
6. Resource
7. Communication
8. Risk
9. Procurement
10. Stakeholder
Program Management - ANSWERFocuses on coordinating and managing related
projects to prevent conflict and decrease the risk, achieve economies of scale or
provide better coordination between projects.
List the 3 types of PMOs - ANSWER1. Supportive - lowest authority
2. Controlling - moderate authority
3. Directive - highest authority
Supportive PMOs - ANSWERRecommend and provide support for the standards,
procedures, and other project documents like templates, lessons learned, etc. This
PMO type has the lowest authority of the 3.
Controlling PMOs - ANSWERSupport and have limited control or moderate authority
over the projects - they do not manage the projects or make any directive decisions
among the projects . They may determine the software to be used for the project,
train the project staff about the software, and prioritize and coordinate the projects
among the organization.
T or F: Program Management is a necessity? - ANSWERFalse - We need Program
Management only if it adds value because we do not want to do extra work.
T or F: We only need Portfolio Management if it adds value - ANSWERTrue - We do
not want to do extra work if it does not provide extra value.
Portfolio Management - ANSWERFocuses on coordinating and managing the
programs, projects, and sometimes operation which are not directly related to one
another but have the same strategic goal.
Company - ANSWERHas programs, projects, operations, and other management
work to reach its defined strategic goal.
Organizational Project Management (OPM) - ANSWERProvides structural
framework for organizations on how to organize, manage, coordinate and execute all
of the work within the programs, projects, portfolios, and operations to reach their
strategic goals.
Operation - ANSWEROngoing work in which you product the same thing over and
over again.
ULTIMATE CAPM EXAM PREP
CORRECT 100%
What are the 2 main characteristics of a project? - ANSWER1. Temporary; has a
beginning and an end
2. Creates something unique i.e product, servic, or result
- Ex: Constructing a building, creating a website, creating an app
Why do we initiate projects? - ANSWERMain reason is to provide business value
including:
- Market demand
- Request of a customer
- Business need
- Environmental considerations
- Legal requirements
- Social need
- Technological advance
What is a Program? - ANSWERGroup of related projects.
What is a Portfolio? - ANSWERManagement of multiple Programs, Projects, and
sometimes Operations for a single company that may not be directly related to each
other but all have the same strategic goals. May consist or project or programs only
but typically has both.
What is Project Management? - ANSWERUsing tools and techniques to successfully
meet all of the project requirements including:
- scope
- budget
- time
- quality
- efficient work
- other
How many processes does PMBok Guide have? - ANSWER49 processes
List the 5 Process Groups of Project Management - ANSWER1. Initiating
2. Planning
3. Executing
4. Monitoring & Controlling
5. Closing
List the 10 Knowledge Areas of Project Management - ANSWER1. Integration
2. Scope
, 3. Schedule
4. Cost
5. Quality
6. Resource
7. Communication
8. Risk
9. Procurement
10. Stakeholder
Program Management - ANSWERFocuses on coordinating and managing related
projects to prevent conflict and decrease the risk, achieve economies of scale or
provide better coordination between projects.
List the 3 types of PMOs - ANSWER1. Supportive - lowest authority
2. Controlling - moderate authority
3. Directive - highest authority
Supportive PMOs - ANSWERRecommend and provide support for the standards,
procedures, and other project documents like templates, lessons learned, etc. This
PMO type has the lowest authority of the 3.
Controlling PMOs - ANSWERSupport and have limited control or moderate authority
over the projects - they do not manage the projects or make any directive decisions
among the projects . They may determine the software to be used for the project,
train the project staff about the software, and prioritize and coordinate the projects
among the organization.
T or F: Program Management is a necessity? - ANSWERFalse - We need Program
Management only if it adds value because we do not want to do extra work.
T or F: We only need Portfolio Management if it adds value - ANSWERTrue - We do
not want to do extra work if it does not provide extra value.
Portfolio Management - ANSWERFocuses on coordinating and managing the
programs, projects, and sometimes operation which are not directly related to one
another but have the same strategic goal.
Company - ANSWERHas programs, projects, operations, and other management
work to reach its defined strategic goal.
Organizational Project Management (OPM) - ANSWERProvides structural
framework for organizations on how to organize, manage, coordinate and execute all
of the work within the programs, projects, portfolios, and operations to reach their
strategic goals.
Operation - ANSWEROngoing work in which you product the same thing over and
over again.
