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CAPM Exam
Vocabulary and Terms for CAPM/PMP Exam
89 cards·by avfieldteams
pmpcapmpmiproject managementpmbok 5th edition
These are the areas of expertise, industry, function, where a project is centered.
Application areas
Defines how a project affects people and how those people may affect the project. Cultural and
social environments, religion, ethical.
Cultural and Social Environment
A product or service or result created by a project (can have multiple ones of these)
Deliverable
The skills of accounting, procurement, sales, marketing, contracting, logistics,
strategic planning etc...
General Management Skills
The considerations of the local and international laws, languagues, communication
challenges, time zone differences and non-collocated items
International and Political Environment
Ability to lead, motivate and manage people
Interpersonal skills
A triangle with characteristics of time, cost and scope, all must be in balance or a project may
fail. What is this?
Iron Triangle
The physical structure and suroundings that affect a projects work is what?
Physical environment
A collection of projects working in unison towards a common deliverable is a?
Program
The process of gathering project details. Uses deductive reasoning, logic, and series of
information gathering techniques to identify detail
Progressive Elaboration
A temporary endeavor to create a unique product, service, or result. End results in a
deliverable is a?
Project
The location and culture of the environment where the project work will reside. Includes
social, economic, environmental obstacles is a?
Project Environment
An organization which project professionals around the world collaborate, create values,
and address concerns about the industry is?
Project Management Institute (PMI)
A central office which oversees all projects within an organization or functional
department. Supports the project software, policies etc.
Project Management Office (PMO)
This is a project life cycle that anticipates many changes to the project scope and demands
highly involved stakeholders.
Adaptive Life Cycle
An organizational structure which resources are pooled into one project team functional
managers and project managers share resources
Balanced Matrix organization
An organization that creates a blend of functional, matrix, and projectized structures.
Composite structure
The person which will pay for and use the project deliverable is the?
customer or user
A verifiable measureable product or service created by a phase and/or a project is a?
Deliverable
An organization structure that is divided into functions, each employee has 1 clear
functional manager, depts act independently, PM no power
Functional Organization
People that can positevely or negatively influence the project.
influencers
Review of a phase to determine if it accomplished its requirements. Also done at the end of a
phase, and could terminate the project.
Kill Point
Stakeholder who doesn't want the project succeed is a ?
Negative stakeholder
Person who does want the project to succeed is a ?
positive stakeholder
A company or organization in which the employees (or members) are most directly involved in
the project work
Performing organization
Logical division of a project based on the work or deliverable completed within that phase.
Phase
Review of a phase to determine if it accomplished its requirement.
Phase exit
Review of a phase to determine if it accomplished its requirements. Allows project to move
from one phase to another is a?
phase gate
A plan-driven approach to PMing, which predicts the work that will happen in each phase (based
on plan, time, cost etc..)
Predictive life cycle
The collection of phases from the start of a project to its completion is called the?
Project life cycle
The defined set of rules, policies, procedures, that a project manager follows and utilized
to complete a project is the?
Project Management System
Anyone who has a vested interest in the project's operation and/or its outcome is a?
stakeholder
An organizational structure in which a team is assigned for the duration of the project life
cycle. Project manager has high or all power.
Projectized Structure
An organizational structure where resources are pooled into one project team, but
functional manager has less power than the PM.
Strong matrix organization
An organization structure where resources are pooled into one project team, but functional
managers have more power than PM.
Weak matrix structure
You need this before you can have a project.
Project Charter
These are the rules, processes and procedures the PM has to abide by.
Enterprise environmental factors
These are the rules, processes and procedures the PM has to abide by.
Enterprise environmental factors
These are templates, guidelines, software, historical information, that can hep the PM
manage the project.
Organizational Process Assets
The outputs of the other processes will contribute to the project management plan.
PM processes outputs
How many process groups are there
5
Name the 5 process groups
Initiating, planning, executing, managing/controlling, closing
What actually authorizes the projec to move forward
project charter
Anything which restricts the pm's options is a?
constraint
Where are assumptions and constraints documented?
project charter
Include key stakeholders during the initiating phase for shared ownership, deliverable
acceptance, stakeholder satisfaction and coms?
yes
5 Inputs to the project charter are?
Contract, Biz Case, SOW, Enterprise Env factors, Org process assets.
When do you identify project stakeholders?
Initiating and throughout the project
What do you create during the planning stages of the project?
project management plan
Iterations of planning throughout the project life cycle is known as?
rolling wave planning
Stakeholders skills and knowledge is great to define the project...?
scope
The project lifecycle consists of what?
phases
The compilation of all phases in a project equates to what?
The project life cycle
An ongoing activity with day to day tasks is a what?
operation
Creating a new product based on market research is an example of?
market deman
Management declines a new project this is an example of?
Project portfolio management
An example of a project result (a deliverable) is?
a feasability study
Difference between standard and regulation is what?
standards optional regulations are not
early stages of a project are low costs and _______ demands for resources
low
Which point is risk of failure lowest, but consequences of failure highest in a project?
final stages
To provide better control and management of a project, it may be divided into what?
phases
When is the likelihood to fail in a project the highest?
start of project
A Key project stakeholder example are the _________ per the PMBOK
sellers
Functional manager is telling you to begin work on the project. You should what?
begin work
Your project resources or shared amongst several projects, they should report to who
(_____________ of each project).
PM
When is the decision to kill a project most likely made? At the _________ of a phase.
end
If you ignore negative stakeholders, you may risk failure to bring the project to a successful
end. True or False?
True
Demings cycle of Plan-Do-Check-Act is known as:
PDCA
Factors that can affect a project success are known as _________________ environmental
factors.
Enterprise
The process group which provides activities to carry-out the project plan is known as what?
executing
The activity to repair a defect in a project is known as ____________ repair.
defect
The ______________ process group allows a project to be chartered and authorized.
initializing
What are 5 inputs needed to develop the project charter?
Contract, SOW, Biz Case, Enterprise Environmental Factors, Organiztional Process Assets
A comittee designed to find all the negatives in a project to kill it is a?
Murder Board
This model is used to compare projects to determine which ones to pursue.
Scoring model
A term for how long it takes for a project to pay back the associated costs?
Payback period
What examines the benefits to cost ratios of a project?
Benefit/Cost ratio model
FV=PV*(1+i)^n is a formula for calculating what?
Future Value of Money
PV=FV/(1+i)^n is a formula for determining what?
Present Value of future cash flows
What is the Acronym of Net Present Value
NPV
If NPV > 0 then the project is?
Good
If NPV < 0 then project is?
Bad
The stakeholder register is a directory of all ______________, and used as input to the
requirements mngmt plan.
stakeholders
Name 4 tools used to gain requirements for a project
Interview, Focus Group, facilitated workshop, Joint Application Design (JAD) session
(primarily used for sw development)
A technique using rounds of anonymous surveys to build consensus
Delphi Technique
Name 4 group techniques
Nominal group technique, affinity diagrams, delphi technique, Brainstorming, Mind
mapping
This shows relationships amongs requirements
mind mapping
4 group decision approaches are?
Unanimity, Majority (> than 50%), Plurality (largest block of voters), Dictatorship
A table which documents and numbers each requirement, status in the project, how
eachrequirement is linked to deliverable is a?
Requirements traceability matrix