PMI - CAPM Exam Prep

Explore the project life cycle from initiation to closing, compare it with the product lifecycle, and note how sequential, overlapping, and iterative relationships influence planning and delivery costs.

Discover how organizational structure directs activities to achieve goals, detailing functional, matrix (balanced, strong), projectized, and composite structures and how project managers gain power and authority within each.

Explore project selection methods, including benefit measurement and constraint optimization, and apply scoring models and economic metrics like present value, npv, irr, payback, bcr, and roi.

Learn to develop the project charter and identify stakeholders in initiation, using business documents, agreements, enterprise environmental factors, and OPAs to produce the charter and stakeholder register.

Plan cost management, estimate costs with techniques like analogous, parametric, bottom-up, and three-point estimates, and determine the project budget and cost baseline with contingency and management reserves.

Learn how to manage communications within the execution process by handling inputs, outputs, and stakeholder information, using performance reports, tools, and interpersonal skills to tailor project updates and lessons learned.

Master managing stakeholder engagement by using inputs like the project management plan and project documents, applying expert judgment and communication skills to meet needs and increase support while minimizing resistance.

Manage schedule and cost by monitoring inputs such as project management plan and performance data, apply earned value analysis with cpi and spi, forecast progress, and update via change requests.

Control resources to ensure physical resources are available as planned and monitor utilization against the plan to trigger corrective actions, using inputs: project management plan, budget documents, performance data.

Learn how the risk knowledge area fits into the monitor and control process by tracking risk responses and identifying new risks.

Monitor stakeholder engagement by tracking relationships and tailoring engagement strategies using the stakeholder engagement plan and project management plan, producing work performance information and plan updates.