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PMI PMI-002 : Certified Associate in Project Management (CAPM) Exam

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Test Number : PMI-002
Test Name : Certified Associate in Project Management (CAPM)
Vendor Name : PMI
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PMI-002 test Format | PMI-002 Course Contents | PMI-002 Course Outline | PMI-002 test Syllabus | PMI-002 test Objectives


Introduction to Project Management (6%)
Understand the five project management process groups and the processes within each group
Recognize the relationships among project, program, portfolio, and operational management
Define a typical project lifecycle
Understand the function and importance of tailoring for different projects

Project Environment (6%)
Identify the factors and assets that may impact the outcome of a project
Distinguish between organizational systems
Understand the purpose and activities of a Project Management Office
Recognize the hierarchy of projects, programs and portfolios

Role of the Project Manager (7%)
State the primary functions of a project manager
Understand a project managers sphere of influence
Identify the major elements included in the PMI triangle
Recognize the difference between leadership and management

Project Integration Management (9%)
Understand the seven project management processes in the project integration management knowledge area
Identify the input, tools, techniques and outputs defined in the seven processes in project integration management
Understand the purpose of project integration management and the project managers role within it
Identify concepts and procedures related to project change management
Identify tailoring consideration in project integration management and recognize key documents
Identify methods for project integration and knowledge management

Project Scope Management (9%)
Understand the six project management processes in the project scope management knowledge area
Identify the Input, tools, techniques and outputs defined in the six processes in project scope management
Identify key concepts and tailoring consideration for project scope management, and key roles in scope management
Identify the purpose and elements of a Work Breakdown Structure (WBS) for both Product and Project scope
Understand project scope management for agile/adaptive projects, including the use of prototypes

Project Schedule Management (9%)
Define the six project management processes in the project schedule management knowledge area
Identify the Input, tools, techniques and outputs defined in the six processes in project schedule management
Solve simple network diagrams problems and perform basic scheduling calculations
Identify considerations for agile/adaptive environments in project schedule management

Project Cost Management (8%)
Understand the four project management processes in the project cost management knowledge area
Identify the Input, tools, techniques and outputs defined in the four processes in project cost management
Identify key concepts in project cost management, including tailoring and special considerations for agile/adaptive environments
Understand and apply basic forecasting and earned value methods for project cost management

Project Quality Management (7%)
Understand the three project management processes in the project quality management knowledge area
Identify the Input, tools, techniques and outputs defined in the three quality management processes
Understand the reasons for and approaches to adapting quality management in different project environments
Identify quality tools and approaches for continuous improvement

Project Resource Management (8%)
Define the six project management processes in the project resource management knowledge area
Identify the Input, tools, techniques and outputs defined in the six processes in project resource management
Identify key concepts and trends in project resource management, including tailoring and special considerations for agile/adaptive environments
Identify techniques for developing a team, managing conflict, and resolving resource-related problems
Understand the components of a resource management plan and data representation techniques for managing project resources

Project Communication Management (10%)
Understand the three project management processes in the project communication management knowledge area
Identify the Input, tools, techniques and outputs defined in the three project communication management processes
Identify key concepts and approaches in project communication management, including tailoring and special considerations for agile/adaptive environments
Recognize the dimensions of communication and components of a communications management plan
Identify communications skills and methods for project communication management

Project Risk Management (8%)
Understand the seven project management processes in the project risk management knowledge area
Identify the Input, tools, techniques and outputs defined in project risk management
Identify the key documents in project risk management
Perform simple risk calculations
Recognize when and how to adjust risk based on the project environment

Project Procurement Management (4%)
Understand the three processes in the project procurement management knowledge area
Identify the Input, tools, techniques and outputs defined in the three project procurement processes
Identify key concepts and tailoring considerations for project procurement management, including trends and emerging practices
Identify various types of contracts, agreements, and source selection methods

Project Stakeholder Management (9%)
Understand the four project management processes in the project stakeholder management knowledge area
Identify the Input, tools, techniques and outputs defined in the four project stakeholder management processes
Recognize key stakeholders roles and needs
Identify the key concepts and benefits of stakeholder management



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PMI in Question Bank

Inflation in RBI’s range, IIP slips into contraction | PMI-002 Dumps and PDF Download

manufacturing unit output dipped in November, and retail inflation eased in December, atmosphere the context for the arriving Union funds on February 1 as well because the assembly of the vital financial institution’s monetary policy Committee (MPC) presently after. consultants believe the records reiterate that the main thrust of the budget be fiscal stimulus to revive an economic system as a way to doubtless contract by means of 7.7% this 12 months, and additionally create area for the MPC to cut rates further.

in keeping with facts released through the national Statistical office (NSO) on Tuesday, retail inflation, as measured with the aid of the client price Index (CPI), fell sharply to 4.6% in December 2020, 2.3 percentage facets reduce than the November value of 6.9%, and the Index of business creation shriveled by means of 1.9% in November.

Headline inflation has come below the upper limit of RBI’s tolerance latitude of 6% for the first time because March 2020. besides the fact that children, the Index of business construction (IIP) has re-entered the contraction zone, elevating questions about the resilience of the continued sequential recovery in the financial system.

With inflation trends largely being driven by a sharp fall in vegetable prices, a good way to adversely have an effect on farm incomes and hence rural demand, and IIP trends following the cue of contraction in core sector industries and moderation in paying for Managers’ Indices, experts underline the importance of fiscal stimulus within the drawing close budget.

while most analysts expected a moderation in the CPI in December—a Reuters ballot of economists had forecast 5.3%— the provisional numbers are a whole lot lessen. To make certain, the complete fall within the headline inflation number is as a result of a deceleration in meals fees and a pointy fall in vegetable costs. food inflation, which has a weight of 39% within the standard CPI basket, fell from 9.5% in November 2020 to simply three.four% in December. while expenditures have decelerated for many vital meals sub-groups akin to cereals and cereal items, eggs, meat and fish, milk and milk items and pulses, they fell sharply for vegetables. Vegetable cost inflation, which turned into 15.5% in November 2020, fell sharply to contract by way of 10.four% in December 2020.

Non-meals inflation has definitely extended marginally from 5.2% in November 2020 to five.4% in December. With a bird-flu scare leading to a crash in bird expenditures, bird, eggs and meat class, which saw annual expense boom of 15.3% in December, may additionally experience a sharp fall in January numbers. “A crash in vegetable fees potential a big shock to farm incomes in an already precarious situation”, spoke of Himanshu, affiliate professor of economics at Jawaharlal Nehru institution. “With the non-farm financial system and jobs already in a difficult spot, this is definitely bad news for the economic climate as a result of even rural demand will come beneath strain.”

IIP in November 2020 re-entered contraction zone with a 12 months-on-12 months decline of 1.9% after displaying promise in September ( increase of 0.5%) and October (growth four.2%). The contraction in IIP changed into extensive-primarily based. each mining and manufacturing components registered a contraction , with electrical energy being the simplest sector displaying growth. Even in electricity, annual boom fell sharply from 11.three% in October to simply 3.5% in November. by utilization classes, fundamental items, capital goods, intermediate items and client items gotten smaller in November, with infrastructure being the simplest sub-sector growing to be, by 0.7% (towards 9.9% in October). whereas the magnitude of IIP contraction has no longer been expected, the style is in step with other excessive-frequency warning signs.

The index of eight core sector industries, which turned into witnessing a moderation in contraction unless September 2020, begun dropping momentum once again from October. The contraction rates were 0.2% in September, 0.9% in October and a couple of.6% in November. purchasing Managers Index (PMI) for manufacturing, even though it has been above the edge degree of fifty—a worth above 50 signifies enlargement in financial exercise over the old month—when you consider that August 2020, additionally misplaced momentum in November. PMI manufacturing become valued at fifty eight.9 in October, however fell to fifty six.3 in November and expanded marginally to fifty six.four in December. Composite PMI, thanks to a fall in PMI services, fell from fifty eight in October 2020 to fifty six.3 in November and 54.9 in December.

“The November (IIP) data once again indicates that the uptick witnessed in the month of September and October was due to a mix of festive and pent-up demand and the restoration remains shallow and fragile”, observed Sunil Kumar Sinha, primary economist, India scores & research, in a note. “In view of boom issues, India ratings expects RBI to continue its accommodative coverage stance and retain popularity quo on policy price in the forthcoming fiscal policy review while maintaining an in depth eye on the coming near near Union budget to verify government’s fiscal stance”, the be aware delivered.

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