CAPM Exam Prep - Planning Process|| Questions & Answers ||100% Verified!!

As a project manager you'll need to gather the stakeholder requirements your project is required to satisfy to consider the project complete: - ANSWERCollect Requirements Once you've created the project scope and the WBS, the project manager and project team will define the exact activities that need to complete in order to create the elements of the WBS and scope - ANSWERDefine Activities Based on the needs of the project, the organizational procedures, and the project budget, the procurements for the project are identified and planned for - ANSWERPlan Procurements Once you've created the Project Scope Statement, you'll decompose the project scope into this document - ANSWERWork Breakdown Structure Based on the stakeholder requirements the project scope statement defines what is and is not included in the project - ANSWERDefine Scope Stakeholders will need you and the project team to create time estimates for the duration of the project work and the duration of the project - ANSWEREstimate Activity Duration Once you've created the WBS, you can examine the aggregate costs of the individual elements to create a budget and a cost baseline - ANSWERDetermine Budget The organizational rules and structure may restrict the extent of this process, which establishes the ground rules, management, discipline, rewards and recognition system, and other facets of human resource management for the project - ANSWERDevelop Resource Management Plan There are seven of these that can be used within this risk management processes - ANSWERPlan Risk Responses This is an iterative project management process that examines the project for risks