Certified Associate in Project Management (CAPM) Exam Prep Flashcards|| 100% Correct!!

What is the definition of a project? - ANSWERA temporary endeavor undertaken to create a unique product, service, or result. What is the definition of a program? - ANSWERRelated projects, subsidiary programs, and program activities that are managed in a coordinated manner to obtain benefits not available from managing them individually. The process groups interact based on what cycle? - ANSWERThe process groups interact based on the Plan-Do Check-Act cycle that was defined by Shewhart and later modified by Deming. What are the common project factors? - ANSWER- New technology - Competitive forces - Material Issues - Political changes - Market demand - Economic changes - Customer request - Stakeholder demands - Legal requirement - Business process improvements - Strategic opportunity or business need - Social need - Environmental considerations What is progressive elaboration? - ANSWERThe iterative process of increasing the level of detail in a project management plan as greater amount of information and more accurate estimates become available. What is a project constraint? - ANSWERA limiting factor that affects the execution of a project, program, portfolio, or process. What is the project management office (PMO)? - ANSWERA management structure that standardizes the project-related governance processes and facilitates the sharing of resources, methodologies, tools, and techniques. Who is the project manager? - ANSWERThe person assigned by the performing organization to lead the team that is responsible for achieving the project objectives.