Foundational project management vocabulary and process concepts tested on the CAPM exam.
40 cards · basic cards · AI-written, checked twice. Edit anything.
- What is a project?
- A temporary endeavor undertaken to create a unique product, service, or result.
- How does a project differ from operations?
- Projects are temporary with a defined end; operations are ongoing and repetitive.
- What is the Triple Constraint in project management?
- Scope, time, and cost - the three competing demands that define a project.
- Define a project manager.
- The person responsible for planning, directing, and controlling project resources to meet objectives.
- What is a project stakeholder?
- Any individual or group who is impacted by or can impact the project.
- Define a project sponsor.
- An executive or senior manager who champions the project and provides financial and organizational support.
- What is a project charter?
- A document that formally authorizes a project and grants the project manager authority to use resources.
- What does scope management include?
- Planning, collecting requirements, defining, validating, and controlling what is and is not included in the project.
- What is a scope statement?
- A document describing the project objectives, deliverables, constraints, and high-level requirements.
- What is a Work Breakdown Structure?
- A hierarchical decomposition of project deliverables into smaller, manageable work packages.
- What does schedule management involve?
- Planning, sequencing, estimating durations, developing, and controlling the project schedule.
- What is the critical path?
- The longest sequence of dependent activities that determines the minimum project duration.
- What is a Gantt chart?
- A horizontal bar chart that displays project activities against a timeline.
- What does cost management include?
- Planning, estimating, budgeting, and controlling project costs.
- What is a project budget?
- The approved estimate of project costs allocated to complete project work.