Achieve Success in the PMI CAPM Exam: A Detailed Certified Associate in Project Management (CAPM) Guide

Orchestra conductor

Facilities supervisor

Functional manager

School principal

Project management plan, work performance data, enterprise environmental factors, and organizational process assets

Project management plan, project documents, enterprise environmental factors, and organizational process assets

Cost baseline, enterprise environmental factors, benefits management plan, and organizational process assets

Project management plan, enterprise environmental factors, basis of estimates, and organizational process assets

Predictive

Adaptive

A mix

Agile

Hybrid methodologies

Risk register updates

Outsourced project resources

Reliance on lessons learned documents

Withdraw/avoid

Smooth/accommodate

Compromise/reconcile

Collaborate/problem solve

Attribute sampling

Parametric estimating

Statistical sampling

Expert judgment

Project manager experience, expert judgment, scope statement, and meetings

Lessons learned database. Interpersonal and team skills, cost baseline, and meetings

Expert judgment, data gathering. scope statement, schedule baseline, and meetings

Expert judgment, data gathering. interpersonal and team skills, and meetings

Projects, portfolios, then programs

Portfolios, programs, then projects

Portfolios, projects, then programs

Projects, programs, then portfolios

The organization

The project

The industry

The product

Manage Cost Plan

Estimate Costs

Determine Budget

Control Costs

Formal authorization of the existence of the project

Formal acceptance of the project management plan

Formal approval of the detailed project budget

Formal definition of stakeholder roles and responsibilities

Accepting

Transferring

Avoiding

Mitigating

Critical chain method

Graphical evaluation and review technique (GERT) diagram

Gantt chart

Project network diagram

Plan Risk Responses

Implement Risk Responses

Plan Risk Management

Perform Quantitative Risk Responses

Formal authorization of the existence of the project

Formal acceptance of the project management plan

Formal approval of the detailed project budget

Formal definilion of stakeholder roles and responsibilities

compiling a list of known risks and preparing responses to them.

assessing the probability of occurrence and Impact for every risk in the risk register.

evaluating the contingency and management reserves required for the project.

analyzing numerically the impact of individual risks on the overall project's time and cost objectives.

Discussing with management

Escalating to the sponsors

Engaging regularly with stakeholders

Engaging only with decision makers

Video conferencing

Audio conferencing

Shared portal

Email/chat

Lightweight estimation methods can be used as changes arise.

Agile environments make cost aggregation more difficult.

Agile environments make projects more costly and uncertain.

Detailed cost calculations benefit from frequent changes.