Capm-Exam Terms

Project - Answer-is a temporary endeavor undertaken to create a unique product, service or result. Definite beginning and an end. Project Management - Answer-is the application of knowledge, skills, tools and techniques to project activities to meet the project requirements. operations - Answer-Ongoing, repetitive, for sustaining business. Responsible for overseeing, directing and controlling business operations Operational Stakeholders - Answer-Should be engaged and their needs identified. Project Management Office - Answer-is a management structure that standardizes the projectrelated governance processes and facilitates the sharing of resources, methodologies, tools and techniques. Supportive - Answer-Consultative role, supply templates, best practices, and training, access to info. Serve as a respiratory, LOW control Controlling - Answer-Provide support and require compliance, MODERATE control Directive - Answer-directly manage project. HIGH control Business Value - Answer-Entire value of the business, could be tangible or intangible. Project Based Organization - Answer-Refers to the various organizational forms that create temporary system for carrying out their work. organizational Process assets - Answer-are the plans, process, procedures, and the knowledge bases specific to and used by the performing organization Enterprise Environmental Factors - Answer-refers to the conditions, not under the control of the project team, that influence, constraint, or direct the project. Project Goverance - Answer-an oversight function, t Progressive Elaboration Progressive detailing, iterative plan Rolling wave planning - Answer-Planning and documentations are iterative and ongoing avctivites initiating - Answer-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