Microsoft PowerPoint - CAPM Exam Prep Part 1.pptx

CAPM ® Exam Prep Part 1

Business Value Creation ( PMBOK ® Guide , Page 7)

Business value provides stakeholders net quantifiable benefits • Tangible • Intangible • Both

Business analysis is time, money, goods, or intangibles in return for something else

34

Tailoring for Project Management ( PMBOK ® Guide , Page 28)

Determining the appropriate combination of processes, inputs, tools, techniques, outputs, and life cycle phases to manage a project. Thisdefinition is taken from theGlossaryofProjectManagement Institute, AGuide to theProjectManagementBody ofKnowledge, (PMBOK ® Guide) –SixthEdition,ProjectManagement Institute Inc., 2017.

Should address competing constraints:

• Environment • Organizational culture • Stakeholder needs • Other variables Based on:

• Scope • Schedule • Cost • Resources • Quality • Risk

35

Exercise: Basic Terms

Work as a team

Complete the exercise in your Workbook

36

Copyright © 2018. RMC Learning Solutions. All rights reserved. This document is not for use or disclosure outside of those who attend this class and may not be copied or reproduced in any manner, in whole or in part, without the prior written consent of RMC Learning Solutions. (Ed4 R0)

12