Exam Essentials

Be able to define a project. A project is an effort to develop a unique product or service. The effort is temporary and has a definite start and end date.

Know the four main components of any project. They are phases, deliverables, people, and constraints.

Be able to name the three primary constraints. You'll encounter the time, quality, and costs (budget) constraints in any project. You should be able to understand the TQB equilibrium is one of the keys to solid project management.

Understand the five basic phases of any project. They are Initiation, Planning, Executing, Controlling, and Closing.

Be able to identify the difference between a project and ongoing operational work. A project is a temporary endeavor to create a unique product or service. Operational work is ongoing.

Name the three types of organization structure. Organizations can either be functional, matrix, or projectized .

Be able to define the role of a project manager. A project manager is the person who leads the project team and oversees all of the work required to complete the project.

Understand what skills are needed to manage a project beyond technical knowledge of the product. General management skills are important, as the project manager must interact with the sponsor, the project team members , and other key stakeholders. Key general management skills include leadership, communication, problem solving, negotiation, organization, and time management.