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CAPM course 2024 With Test Questions And Answers
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CAPM course 2024 With Test Questions And Answers
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CAPM course 2024 With Test QuestionsAnd Answers
Program vs. Portfolio vs. project - Answer - program is a collection of projects and a porfolio is a
collection of programs and projects.
a project is a temporary endeavor.
project - Answer - A temporary endeavor undertaken to create a unique product, service, or result.
1. goals and deliverables
2. start and end date
3. clear scope and deliverables
4. specific resources and budgeting
program - Answer - 1. closely related projects
2. multiple projects with interdependencies
3. larger scope than large project
4. longer timeline
Portfolio - Answer - collection of projects and programs and operation that align with strategic
objectives.
- broad scope that encompasses all work within an organization
- used to manage and prioritize projects and programs
summary of portfolio, program and projects - Answer - - project: temp, specific goal, deliverables
- program: multiple projects, common objective, larger scope
portfolio: collection of work,, strategic alignment, broad scope
advantages of project, program and portfolio - Answer - project: agile, responsive to change focused on
specific goals.
program: efficient, cost effective, coordination of multiple projects.
, CAPM course 2024 With Test Questions
And Answers
portfolio: strategic, alignment with long-term goals, broad scope
Disadvantages of project, program, and portfolio - Answer - project: risky, potential for failure limited
scope
program: complex, coordination challenges, longer timeline
portfolio: difficulty in managing and alignment with changing priorities, broad scope.
predictive projects - Answer - - predicted on past trends and data
- involves long term planning to predict future events or outcomes
- detailed plans and budgets
- allows for more accurate forecasting and planning
- may be less flexible and less able to adapt to unexpected changes
adaptive projects - Answer - - assumption that the future is uncertain and subject to change
- plans and decisions should be flexible and adapt to changing circumstances
- software development
- crisis management
differences btwn predictive and adaptive - Answer - - assumption of predictability
- assumption of uncertainty
- focus on long-term planning
- focus on short-term adaptability
predictive approach example - Answer - 1. foundation
2. framing
3. interior
4. landscaping
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