Certified Associate In Project Management Exam - Study Guide (Complete)

Certified Associate In Project Management Exam -
Study Guide (Complete)
A Guide to the Project Management Body of Knowledge (PMBOK Guide) (1)
✔️Ans - - defines widely accepted project management practices
- CAPM/PMP exams are based on this

Application Areas (1) ✔️Ans - Areas of expertise, industry, or function
where a project is centered

ex. IT, construction, engineering

Business Value (1) ✔️Ans - Quantifiable R.O.I.

Tangible: equipment, $, market share
Intangible: brand recognition, trademarks, reputation

CAPM (1) ✔️Ans - Slightly less qualified than a PMP, but passed the CAPM
exam

Cultural and Social Environment (1) ✔️Ans - How a project affects
people/how people affect the project

Include... Economic, Educational, Ethical, Religious, Demographic, and Ethnic
composition of the people affected by the project

Deliverable (1) ✔️Ans - - Product, service, or result created by the project
- Multiple deliverables may exist

General Management Skills (1) ✔️Ans - Application of accounting,
procurement, sales and marketing, contracting, manufacturing, logistics,
strategic planning, human resource management, standards and regulations,
and information technology

International and Political Environment (1) ✔️Ans - The consideration of
local/int'l laws, languages, communication challenges, time zone differences,
and other issues that affect project progress

,Interpersonal Skills (1) ✔️Ans - Ability to interact, lead, motivate, and
manage people

Iron Triangle of PM (1) ✔️Ans - - Time, Scope, Cost are the three points of
the triangle
- If one is effected, project QUALITY is affected
- "Triple Constraints of PM"

Physical Environment (1) ✔️Ans - Physical structure + surroundings
affecting project work

Process Groups (1) ✔️Ans - - Collection of related processes (49
processes)

5 groups:
1. Initiating (2)
2. Planning (24)
3. Executing (10)
4. Monitor + Control (12)
5. Close (1)

Program (1) ✔️Ans - A collection of related projects working in unison
toward a common deliverable

Progressive Elaboration (1) ✔️Ans - - Process of gathering project details
- Uses deductive reasoning, logic, and other info-gathering techniques to
figure out details of project/product/solution

Project (1) ✔️Ans - - Temporary
- Unique product, service, result ("deliverable(s)")

Project Benefits Management Plan (1) ✔️Ans - - Document
created/maintained by project sponsor + PM
- Defines benefits project will create, when, and how they will be measured

Project Business Case (1) ✔️Ans - - Created/maintained by project
sponsor
- Explains financial validity of project
- Created before launching for Go-No Go purposes

,Project Environment (1) ✔️Ans - - Location/culture of where project
work takes place
- Social, Economic, Environmental variables that project must work around

Project Management Institute (1) ✔️Ans - - Project mgm professionals
world-wide
- Promote careers, values, and concerns of PM's

Project Life Cycle (1) ✔️Ans - - Phases of the project
- Unique to type of work (i.e. application), not universal

Project Management Office (PMO) (1) ✔️Ans - - Central office that
oversees all projects within an ORAGNIZATION or DEPARTMENT
- PMO supports PM (training, templates, policies, comms, dispute resolution,
etc.)
- standardizes the way projects are run at the company

Project Management Professional (PMP) (1) ✔️Ans - Proven PM
experience + passed PMP exam

Project Portfolio Management (1) ✔️Ans - - Management of selection of
projects supporting company's strategy (vis/mis)
- Includes risk, reward, ROI and priority of each project
- Senior management handle this

Subproject (1) ✔️Ans - - smaller project within a parent project
(ex. contracted work)

Triple Constraints of Project Management (1) ✔️Ans - - "Iron Triangle"
- Scope, Time, Cost (constraints) = QUALITY

Work Performance Data (1) ✔️Ans - - Raw Data collected through check-
ins with project team
- Stored in PM info system

Work Performance Information (1) ✔️Ans - - Processed/analyzed raw
data
- Helps inform project decisions that PM makes

, Work Performance Reports (1) ✔️Ans - - Formatted work performance
information
- Communicate to stakeholders project progress

Balanced Matrix Structure (2) ✔️Ans - - Resources pooled into one
project team
- FM and PM share project power

Cultural Norms (2) ✔️Ans - - Culture + Styles of an organization
- work ethics, hours, view of authority, shared values

Enterprise Environmental Factors (EEFs) (2) ✔️Ans - - Conditions that
affect how project is managed
- Constraints
- Within organization (PMO) or external (laws, regulations)

Functional Structure (2) ✔️Ans - - Organization is divided into functions
(purchasing, legal, IT, etc.)
- FM has almost all authority + does budget
- PM has little-no authority + part-time

Governance Framework (2) ✔️Ans - - Rules, policies, and procedures that
employees must follow
- Applies to organizations, portfolios, programs, and projects
- wrt projects describes vision alignment, risk management, KPIs,
communication

Hybrid Structure (2) ✔️Ans - - Mix of organization structures depending
on project
- Mixed PM power + can be full-time or part-time
- PM or FM do budget

Multidivisional Structure (2) ✔️Ans - - Decentralized structure (repetition
of roles throughout organization)
- FM has most power + controls budget
- PM has little-no power + part-time