CAPM Certification Latest 2023 Rated A+

APM Certification Latest 2023 Rated A+ business value the entire value of a business; the total sum of all tangible and intangible elemtns colocation project team members are physically located close to one another in order to improve communication, working relations, and productivity. constraint restriction or limitation that may force a certain course of action or inaction Enterprise Environmental Factors external or internal factors that can influence a projects sucess good practice 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 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 any formal or informal processes, plan, policies, procedures, guidelines, and on going or historical project ino (lessons learned, measurement data, project files, estimates versus actuals) portfolio collection of projects, projects, and additional work. product life cycle collection of stages that make up the life of a product. Typically: introduction, growth, maturity, and retirement. program 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 progressive elaboration increasing the level of detail in a project management plan as greater amounts of info and more accurate estimates become available project life cycle collection of various phases that make up a project. (accomplished through the 5 process groups) standard document that describes rules, guidelines, methods, processes, and practices that can be used repeatedly to enhance the chances of success. Subproject a component of a project. Can be contracted out to an external enterprise or to another functional unit. Project charter a document issued b the project initiator or sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities 5 How many process groups are there? Initiating process group those processes performed to define a new project or a new phase of an existing project by obtaining authorization to start the project or phase. Planning process group those processes required to establish the scope of the project, refine the objectives, define the course of action required to attain the objectives that the project was undertaken to achieve. Executing process group those processes performed to complete the work defined in the project management plan to satisfy the project specifications. Monitoring and Controlling Process Group Those processes required to track, review, and regulate the progress and performance of the project; identify any areas in which changes to the plan are required; and initiate the corresponding changes Closing Process Group those processes performed to finalize all activities across all process groups to formally close the project or phase 47 How many project management processes? 10 How many knowledge areas? Tailoring determining what processes are appropriate to apply to a project. And related inputs and outputs Technique defined systematic series of steps applied by one or more individuals using one or more tools to achieve a product or result or to deliver a service