Certified Associate in Project Management (CAPM) Project Management Fundamentals and Core Concepts Flashcards

24 sample cards from the Project Management Fundamentals and Core Concepts deck

Sampled from the end of the deck, so these are different cards from the ones shown on the syllabus page.

1. What are the two categories of Organizational Process Assets?

   (1) Processes, policies, and procedures; and (2) Organizational knowledge bases (e.g., historical information and lessons learned repositories).

2. Key difference between EEFs and OPAs?

   EEFs are conditions/influences generally outside the team's control and usually not changeable by the team; OPAs are internal assets the team can use and can update/add to.

3. What is organizational governance?

   The framework of rules, policies, and processes by which an organization is directed and controlled, providing structure and oversight to achieve strategic and operational goals.

4. What is the PMBOK Guide 'system for value delivery'?

   A set of strategic business activities—portfolios, programs, projects, products, and operations—working together to create and sustain value for the organization and its stakeholders.

5. What is a value stream?

   The complete set of activities and steps an organization undertakes to create and deliver value (a product or service) to a customer, from concept to delivery.

6. Define business value.

   The net quantifiable benefit derived from a business endeavor—it may be tangible (revenue, market share), intangible (brand recognition, goodwill), or both.

7. What is benefits realization?

   The process of ensuring that the planned benefits of a project or program are actually achieved, measured, and sustained over time, often continuing after project closure.

8. What are the eight PMBOK Guide (7th edition) project performance domains?

   Stakeholders; Team; Development Approach and Life Cycle; Planning; Project Work; Delivery; Measurement; and Uncertainty.

9. What is a project performance domain?

   A group of related activities critical for the effective delivery of project outcomes; the domains operate as an integrated, interactive system throughout the project.

10. How many project management principles are in the PMBOK Guide 7th edition, and what is their role?

    Twelve principles. They are guiding behaviors/foundational guidelines (not prescriptive rules) that shape how project work is conducted.

11. Name at least four of the twelve PMBOK Guide project management principles.

    Be a diligent, respectful, caring steward; create a collaborative team environment; engage stakeholders; focus on value. (Others include leadership, tailoring, quality, complexity, risk, adaptability/resiliency, systems thinking, and change.)

12. What is tailoring in project management?

    The deliberate adaptation of the approach, governance, and processes to make them more suitable for the given environment and the specific work at hand.

13. Why is tailoring important?

    Because no single approach fits all projects; tailoring optimizes for the project's context, increasing efficiency, value delivery, and stakeholder satisfaction while avoiding unnecessary overhead.

14. What is the primary role of the project manager?

    The person assigned by the performing organization to lead the team responsible for achieving the project objectives; accountable for planning, executing, monitoring, and closing the project.

15. What are the three skill areas in the PMI Talent Triangle for project manager competencies?

    Technical project management (ways of working), leadership (power skills), and strategic and business management.

16. What is the role of the project sponsor?

    The person/group providing resources and support, championing the project, and accountable for enabling its success—including approving the charter, securing funding, and removing obstacles.

17. What is a stakeholder?

    Any individual, group, or organization that may affect, be affected by, or perceive itself to be affected by a decision, activity, or outcome of the project.

18. What is the purpose of the project charter?

    To formally authorize the existence of the project and give the project manager authority to apply organizational resources to project activities. Issued by the sponsor/initiator.

19. Name key contents of a project charter.

    Project purpose, measurable objectives and success criteria, high-level requirements, high-level risks, summary milestone schedule, summary budget, assigned PM with authority, and the sponsor/approver.

20. What is the purpose of a business case?

    To document the economic feasibility and justification for the project—the business need and cost-benefit analysis—used to authorize further project activities and decision-making.

21. What does a benefits management plan describe?

    How and when the project's benefits will be delivered and measured—including target benefits, timeframe, metrics, owner, and assumptions—linking the project to ongoing benefits realization.

22. What is the difference between the project management plan and project documents?

    The project management plan is the integrated set of subsidiary plans and baselines describing how the project is executed/monitored/closed; project documents (e.g., logs, registers) support but are not part of the plan itself.

23. What is an assumption log used for?

    To record all assumptions and constraints throughout the project so they can be tracked, validated, and managed; it is created early and updated continuously.

24. What is an issue log, and how does an issue differ from a risk?

    An issue log records current problems/disputes that must be resolved to prevent project impact, with owners and resolution status. An issue is a present condition/event; a risk is an uncertain future event.

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Project Management Fundamentals and Core Concepts flashcards FAQ