Section 1
Project Basics
Preview
Preview: Project Management Fundamentals and Core Concepts
- 4 of 27 lesson topics
- 1 overview segment
- 3 core concepts
- 2 exam tips
Lesson Topics
- Project Definition
- Project Groupings: Program
- Strategic Project Alignment: Portfolio
- Adaptive Delivery Approaches
Overview
This section establishes CAPM foundations: what makes work a project, how projects relate to programs, portfolios, and operations, how organizations and PMOs shape authority, and how roles, tailoring, life cycles, assumptions, constraints, risks, issues, and lessons learned guide project decisions.
Core Concepts
- **Project Definition:** A project is temporary work with a defined start and end, creating a unique product, service, or result. Distinguish it from ongoing operational activities.
- **Program vs. Portfolio:** A program coordinates related projects to achieve a strategic goal, while portfolio management aligns projects with organizational strategy and value.
- **Adaptive Delivery:** Adaptive approaches are useful when uncertainty, learning, and stakeholder feedback are high, but they are not automatically preferable for every changing requirement. The delivery approach should fit the work, governance needs, risk, and stakeholder involvement.
Exam Tips
- Carefully read scenario questions to identify the key objectives and constraints.
- Pay close attention to the wording used to describe project roles and responsibilities.