CAPM Certification Questions and Answers|100% Verified

CAPM Certification Questions and Answers|100% Verified business value - CORRECT ANSWER the entire value of a business; the total sum of all tangible and intangible elements colocation - CORRECT ANSWER project team members are physically located close to one another in order to improve communication, working relations, and productivity. constraint - CORRECT ANSWER restriction or limitation that may force a certain course of action or inaction Enterprise Environmental Factors - CORRECT ANSWER external or internal factors that can influence a projects success good practice - CORRECT ANSWER a specific activity or application of a skill, tool, or technique that has been proven to contribute positively to the execution of a process Operations - CORRECT ANSWER ongoing work performed by people, constrained by resources, planned, executed, monitored and controlled. unlike a project, operations are repetitive- day to day business organizational process assets - CORRECT ANSWER any formal or informal processes, plan, policies, procedures, guidelines, and ongoing or historical project in (lessons learned, measurement data, project files, estimates versus actuals) portfolio - CORRECT ANSWER collection of projects, projects, and additional work. product life cycle - CORRECT ANSWER collection of stages that make up the life of a product. Typically: introduction, growth, maturity, and retirement. program - CORRECT ANSWER group of related project managed in a coordinated way. e.g. the design and creation of the prototype for a new airplane is a project, while manufacturing 99 more airplanes of the same model is a program