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CAPM
Quicktest terms from Rita Mulcahey CAPM Project Management Exam Prep Book
17
Business
Professional
08/02/2012

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Term
Define Project Constraints and name the six most common ones
Definition
Any factors that limit options including time, cost, risk, scope, quality, resources, etc.
Term
Define Project
Definition
*A temporary endeavour with a beginning and end
*Creates a unique product, service or result
Term
Define Program
Definition
A group of related projects.
Term
Define Portfolio
Definition
A group of programs to achieve a specific strategic business goal
Term
What is the role of a PMO
Definition
Centralizes the management of projects
Term
What is project management
Definition
An art and a science; a systematic process to coordinate projects to a successful achievement of project objectives
Term
What are project objectives
Definition
The most important objectives, explicitly stated in the project charter
Term
Define operational work
Definition
Ongoing work; in contrast to project work, which has a finite end.
Term
Define Stakeholders
Definition
People or organizations whose interests may be positively or negatively impacted by the project
Term
What is the purpose of Stakeholder Management
Definition
Treating them as assistant team members, keeping them informed, soliciting their input, and working to satisfy their needs and expectations.
Term
Define Functional Organization
Definition
Organization grouped by areas of specialization. Most common.
Term
Define Projectized Organization
Definition
Entire company organized by projects; the project manager has control of projects.
Term
Define Matrix Organization
Definition
Combination of Projectized and Functional. Resources have two bosses, functional and project.
Term
Explain the difference between strong, weak and balanced matrix organizations
Definition
Strong matrix, power rests with the project manager. Weak matrix, power rests with the functional manager. Balanced, power is equal.
Term
What are the two roles a PM might assume in a weak matrix organization
Definition
Project Expediter and Project Coordinator
Term
Define Project Expediter
Definition
Role a PM can assume in a weak matrix organization where s/he is primarily a staff assistant and communications coordinator.
Term
Define project coordinator
Definition
Role a PM might assume in a weak matrix organization; PM has some authority and power to make decisions.
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