PMI CA0-001 - Certified Associate in Project Management (CAPM) Certification

The BAC is the budget at completion (Total budgeted cost), which is $200,000.

Project scope : The features and functions that are to be included in a product or service. The work that must be done in order to deliver a product with the specified features and functions.

Administrative closure: Closes all activities pertaining to a specific project

Procurement Management is groups of processes required to purchase or acquire the products, services, or results needed from outside the project team to perform the work.

In PMBOK, the seller is External to the project team.

The quality baseline documents the quality objectives for the project.

Project Manager has the responsibility for informing the final deliverable to all stakeholders.

Corrective action: An action that brings future project events into alignment with the project plan

The SPI equals the earned value divided by the planned value. SPI = EV/PV A schedule performance index of 1 or greater suggests that the project is ahead of schedule.

The arrow diagramming method (ADM) is also referred to as activity-on-arrow (AOA) diagramming method. Precedence diagramming method (PDM) is also referred to as activity-on-node (AON) diagramming method

Balanced matrix: Power is shared between both Functional and Project Manager. In this case you include the functional manager in the meeting therefore it is Balanced matrix organization.

If your cost performance index is above 1.0, it indicates that you have costs that are less then estimated; so doing good. Option A is BEST fit for this CPI = EV/AC (Earned value/ Actual cost

need to gain this formal acceptance at project closure from the customer and sponsor.

The Risk Register is detailed part of the project management plan.

The risk management process group serves as the road map used to reduce its impact on the project.