CAPM Study Guide
CAPM certification and I wish to make it available to those studying for other PMI related courses. I used resources from all over the web, Project Management Body of Knowledge – PMBOK and other various sources.
Also note, I have done my best not to plagiarize any work without first mentioning the person or organizations name and that I have tried to only use information that has been made freely available. If I have inadvertently used information found in another’s document, publication, etc, please let me know and I will remove the offending information or update this document to properly recognize the contributors accordingly. I have not nor will I use this document for any monetary gain. I distribute this study guide solely for the purpose of following PMI Code of Conduct – Distribute lessons learned to others.
GENERAL PROJECT MANAGEMENT INFORMATION
Project Life Cycle
Definition: What you need to do to do the work.
Sometimes referred to as the organization’s methodology for projects.
Changes by industry or organization.
Project:
Temporary endeavor with a beginning and an end
Creates a unique product, service or result
Is progressively elaborated (More detailed as the project progresses)
Operation: The key differentiator of projects and operations is that, projects are temporary in nature, resulting in unique outputs - where as operations are ongoing in nature. Projects are often conducted to support the organizations’ strategic plan, and to support one or more strategic elements, such as: Market demand, Organizational need, customer request, technological advance and/or a legal requirement.
Project chartering - The process of selection and approval of the right projects for execution is called project chartering. This ensures that, only the approved projects are funded.
Select the right projects - Select the right projects to execute, which are in line with the organizations strategy.
Opportunity cost - the
Also note, I have done my best not to plagiarize any work without first mentioning the person or organizations name and that I have tried to only use information that has been made freely available. If I have inadvertently used information found in another’s document, publication, etc, please let me know and I will remove the offending information or update this document to properly recognize the contributors accordingly. I have not nor will I use this document for any monetary gain. I distribute this study guide solely for the purpose of following PMI Code of Conduct – Distribute lessons learned to others.
GENERAL PROJECT MANAGEMENT INFORMATION
Project Life Cycle
Definition: What you need to do to do the work.
Sometimes referred to as the organization’s methodology for projects.
Changes by industry or organization.
Project:
Temporary endeavor with a beginning and an end
Creates a unique product, service or result
Is progressively elaborated (More detailed as the project progresses)
Operation: The key differentiator of projects and operations is that, projects are temporary in nature, resulting in unique outputs - where as operations are ongoing in nature. Projects are often conducted to support the organizations’ strategic plan, and to support one or more strategic elements, such as: Market demand, Organizational need, customer request, technological advance and/or a legal requirement.
Project chartering - The process of selection and approval of the right projects for execution is called project chartering. This ensures that, only the approved projects are funded.
Select the right projects - Select the right projects to execute, which are in line with the organizations strategy.
Opportunity cost - the