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CPM Module 1 Study Guide

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Exam (elaborations)

CPM Module 1 Study Guide

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7 pages

2026/2027

Institution CPM - Certified Property Manager

Course CPM - Certified Property Manager

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CPM Module 1 Study Guide

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CPM Module 1 Study Guide

Projectr-rans-isrartemporaryrventurerthatrexistsrtor
producerardefinedroutcome

projectr
plan,rbudget,rtimescale,rdeliverablesrandrtasksr-rans-eachrprojectrwillrhaver
agreedrandruniquerobjectivesrasrwellrasritsrownr_____,r_____,r_____,r_____,randr
_____

Projectr-rans-mayralsorinvolverpeoplerfromrdifferentrteamsr
withinranrorganizationrwhorarerbroughtrtogetherrtor
accomplishrarspecificrgoal

ProjectrManagementr-rans-canrberdefinedrasrther
disciplinerofrapplyingrspecificrprocessesrandrprinciplesr
torinitiate,rplan,rexecuterandrmanagertherwayrthatrnewr
initiativesrorrchangesrarerimplementedrwithinranrorganization

ProjectrManagementr-rans-isrdifferentrtor
managementrofrbusinessrasrusualractivity,rwhichrisranr
ongoingrprocess,rasritrinvolvesrcreatingrnewrworkr
packagesrtorachieveragreedrendsrorrgoals.

•rTime
•rCost
•rScope
•rQuality
(TCSQ)r-rans-Keyrcomponentsrofrprojectr
managementrare:

Timer-rans-therintendedrdurationrofrtherwork

Costr-rans-therbudgetrallocatedrforrtherwork

Scoper-rans-whatrinnovationsrorrchangesrwillrberdeliveredrbyrtherproject

Qualityr-rans-therstandardrofrtheroutcomerofrtherproject

Projectr-rans-
israrunique,rtransientrendeavor,rundertakenrtorachieverplannedrobjectives,rwhichrco
uldrberdefinedrinrtermsrofroutputs,routcomes,rorrbeliefs

, Projectr-rans-
isrusuallyrdeemedrtorberarsuccessrifritrachievesrtherobjectivesraccordingrtortheirrac
ceptancercriteriarwithinranragreedrtimescalerandrbudget

finalrdeliverable,rfinitertimespanr-rans-
Arkeyrfactorrthatrdistinguishesrprojectrmanagementrfromrjustr'management'risrthatrit
rhasrthisr____________randrar____________,runlikermanagementrwhichrisranrong
oingrprocess

-rConceptualization/InitiatingrtherProject
-rPlanning
-rConstruction
-r(Executionrnasarpptrnungrnilesson)
-rMonitoring
-rClosingr-rans-ProjectrManagementrStages

Conceptualization/InitiatingrtherProjectr-rans-
therprojectrmanagerrdefinesrwhatrtherprojectrwillrachieverandrrealize,rworkingrwithrt
herprojectrsponsorrandrstakeholdersrtoragreerdeliverables.rTherstagerwherertherproj
ectrteamrwasrbuilt

Planningr-rans-
therprojectrmanagerrrecordsrallrthertasksrandrassignsrdeadlinesrforreachrasrwellras
rstatingrtherrelationshipsrandrdependenciesrbetweenreachractivity.rtherprojectrmana
gerrcollectsrandrallocatesrtherresourcesrandrbudgetravailablertorspecificrtasks

Constructionr-rans-implementationrofrwhatrhasrbeenrconceivedrduringrplanning

Monitoringr-rans-
therprojectrmanagerroverseesrtherprogressrofrprojectrworkrandrupdatesrtherprojectr
plansrtorreflectractualrperformance

Closingr-rans-
therprojectrmanagerrensuresrtheroutputsrdeliveredrbyrtherprojectrareracceptedrbyrth
erbusinessrandrclosesrdownrtherprojectrteam

Projectr-rans-arerseparaterfromrbusiness-as-
usualractivities,rrequiringrpeoplertorcomertogetherrtemporarilyrtorfocusronrspecificrpr
ojectrobjectives

ProjectrManagementr-rans-
isrconcernedrwithrmanagingrdiscreterpackagesrofrworkrtorachieverspecificrobjectives
;rtherwayrtherworkrisrmanagedrdependsruponrarwidervarietyrofrfactors

-routputs

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Uploaded on: September 29, 2026
Number of pages: 7
Written in: 2026/2027
Type: Exam (elaborations)
Contains: Questions & answers

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