CAPM project management planning, a foundational approach to ensuring project success, is the focus of Task 2. This task delves into the purpose and importance of key elements like cost, quality, risk, and schedule within the context of effective project planning, particularly as it relates to the Capital Asset Pricing Model (CAPM) framework. Distinguishing between project management plans and product management plans is essential to gain clarity on different deliverables. Understanding milestones versus task durations helps in scheduling and tracking progress. Determining the required resources for a project is also discussed, along with the use of risk and stakeholder registers in various situations. The concept of project closure and transitions is also covered.
The task ‘Demonstrate an understanding of project management planning’ includes the following enablers:
- Describe the purpose and importance of cost, quality, risk, schedule, etc.
- Distinguish between the different deliverables of a project management plan versus a product management plan.
- Distinguish differences between a milestone and a task duration.
- Determine the number and type of resources in a project.
- Use a risk register in a given situation.
- Use a stakeholder register in a given situation.
- Explain project closure and transitions.
To learn the Task, you need:
- Read:
- Sections 2.4, 2.6 (especially 2.6.3.1), 4.2.7.4 and 4.6.2 – 4.6.5 of the PMBOK® Guide – 7th Edition.
- Section 2.4.1 of the Standard for Project Management (PMBOK® Guide, 7th Ed).
- Chapter 7 of the Effective Project Management: Traditional, Agile, Extreme, Hybrid by Robert K. Wysocki.
- Watch the video:
3. Test your knowledge to complete the task study.
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Leave your comment below if you know a better way to learn the Task (books, videos, articles, tutorials, etc.).