CAPM Exam Ch 1 2023

Guide to project management body of knowledge PMBOK - The PMI publication that defines widely accepted project management practices. The CAPM and the PMP are based on the book Application areas - the areas of expertise, industry, or function where a project is centered. CAPM - A person who has slightly less project management experience than a PMP. Cultural and social environment - Defines how a project affects people and how those people affect the project. Cultural and social environments include the economic, educational, ethical, religious, demographic and ethnic composition of the people affected by the project Deliverable - A product, service or result created by a project. Projects can have multiple deliverables. General management skills - These include the application of accounting, procurement, sales and marketing, contracting, manufacturing, logistics, strategic planning, HR management, standards and regulations, and IT International and political environment - The consideration of the local and international laws, languages, communication challenges, time zone difference, and other non-collocated issues that affect a projects ability to progress Interpersonal skills - The ability to interact, lead, motivate, and manage people. Iron triangle of project management - A triangle with the characteristics of time, cost and scope. Each of these constitutes one side of the triangle. If any side is not in balance, the project will suffer. The iron triangle of project management is also known as the triple constraints of project management, as all projects are constrained by time, cost and scope. Physical environment - The physical structure and surroundings that affect a projects work