CAPM Certification Exam Cheat Sheet 2024

The Certified Associate in Project Management (CAPM) Certification is a globally recognized credential offered by the Project Management Institute (PMI). It is designed for individuals who are new to project management or seeking to enhance their project management skills. This certification validates their understanding of fundamental project management principles and practices. Let's see CAPM Certification Cheat Sheet.

 

CAPM Certification Exam Cheat Sheet

 

Obtaining the CAPM Certification demonstrates a commitment to the project management profession and showcases the ability to contribute effectively to project teams. It serves as a valuable stepping stone for those aspiring to pursue a project management career or transition into project management roles.

 

To aid in CAPM exam preparation, this cheat sheet provides a condensed summary of key concepts and terminologies across all 13 domains covered in the exam. It serves as a quick reference guide, allowing candidates to efficiently review and reinforce essential information.

 

The cheat sheet aims to assist in consolidating understanding of project integration management, scope management, schedule management, cost management, quality management, resource management, communication management, risk management, procurement management, stakeholder management, and more. Each domain's key terminologies are summarized, helping candidates grasp fundamental concepts necessary for success in the exam.

 

However, it is important to note that this cheat sheet should supplement overall CAPM exam preparation. Referring to official PMI CAPM study materials, textbooks, and CAPM exam updates is highly recommended for a comprehensive understanding of the subject matter.

 

Allocate sufficient time for studying, practicing sample questions, and understanding practical applications of project management principles. The CAPM Certification not only validates knowledge but also opens doors to exciting opportunities in the dynamic field of project management.

 

CAPM Exam Domains

 

Use this cheat sheet as a valuable resource during exam preparation, ensuring a solid foundation of knowledge and understanding of the complete syllabus. Let’s see:

 

Domain 1: Introduction to Project Management

• Understand the definition and key concepts of a project.
• Know the roles and responsibilities of a project manager.
• Familiarize yourself with the project life cycle and its phases.
• Learn about organizational influences on project management.

 

Domain 2: Project Environment

• Understand the importance of stakeholders and their influence on a project.
• Know the different types of organizational structures and their impact on projects.
• Familiarize yourself with various project management processes and their interactions.

 

Domain 3: Role of the Project Manager

• Understand the responsibilities and competencies of a project manager.
• Learn about leadership styles and effective communication techniques.
• Know how to build and manage project teams.

 

Domain 4: Project Integration Management

• Understand the processes and activities involved in project integration.
• Learn how to develop a project charter and project management plan.
• Familiarize yourself with change control processes and configuration management.

 

Domain 5: Project Scope Management

• Understand how to define and manage project scope.
• Learn about techniques for collecting requirements and creating a work breakdown structure (WBS).
• Know the importance of scope verification and scope control.

 

Domain 6: Project Schedule Management

• Understand how to develop and manage a project schedule.
• Learn about network diagramming techniques and critical path analysis.
• Familiarize yourself with schedule compression and resource optimization techniques.

 

Domain 7: Project Cost Management

• Understand the processes involved in project cost management.
• Know how to estimate project costs and develop a budget.
• Familiarize yourself with cost control and earned value management techniques.

 

Domain 8: Project Quality Management

• Understand the importance of quality in project management.
• Learn about quality planning, assurance, and control processes.
• Know how to perform quality audits and use statistical sampling techniques.

 

Domain 9: Project Resource Management

• Understand how to identify and acquire project resources.
• Learn about techniques for developing and managing project teams.
• Familiarize yourself with resource leveling and resource allocation techniques.

 

Domain 10: Project Communication Management

• Understand the importance of effective communication in project management.
• Know how to develop a communication plan and manage project communications.
• Learn about different communication channels and barriers to effective communication.

 

Domain 11: Project Risk Management

• Understand the processes involved in project risk management.
• Learn how to identify, analyze, and respond to project risks.
• Familiarize yourself with risk monitoring and control techniques.

 

Domain 12: Project Procurement Management

• Understand the processes involved in project procurement management.
• Learn about different types of contracts and procurement documents.
• Know how to conduct source selection, contract administration, and contract closure.

 

Domain 13: Project Stakeholder Management

• Understand the importance of stakeholder engagement in project management.
• Learn about stakeholder identification, analysis, and communication.
• Familiarize yourself with strategies for managing stakeholder expectations and resolving conflicts.

 

Formulae for CAPM/PMP exam:

• Project Selection Formula: Benefit-Cost Ratio (BCR) = NPV / Initial Investment
• Payback Period Formula: Payback Period = Initial Investment / Annual Cash Inflows
• Present Value (PV) Formula: PV = FV / (1 + r)^n
• Future Value (FV) Formula: FV = PV x (1 + r)^n
• Net Present Value (NPV) Formula: NPV = ∑(Cash Flows / (1 + r)^n) - Initial Investment
• Internal Rate of Return (IRR) Formula: NPV = ∑(Cash Flows / (1 + IRR)^n) - Initial Investment
• Cost of Equity Formula (CAPM): Re = Rf + βe * (Rm - Rf)
• Cost of Debt Formula: Rd = (Interest Expense / Debt) * (1 - Tax Rate)
• Weighted Average Cost of Capital (WACC) Formula: WACC = (E/V) * Re + (D/V) * Rd * (1 - Tax Rate)
• Expected Return Formula: E(R) = ∑(Ri * Pi)
• Variance Formula: Variance = ∑((Ri - E(R))^2 * Pi)
• Standard Deviation Formula: SD = √Variance
• Beta (β) Formula: β = Cov(Ri, Rm) / Var(Rm)
• Earnings per Share (EPS) Formula: EPS = Net Income / Shares Outstanding
• Price-Earnings (P/E) Ratio Formula: P/E Ratio = Price per Share / EPS
• Dividend Yield Formula: Dividend Yield = Dividend per Share / Price per Share
• Present Value of a Perpetuity Formula: PV = Cash Flow / Discount Rate
• Present Value of Annuity Formula: PV = ∑(Cash Flow / (1 + r)^n)
• Return on Investment (ROI) Formula: ROI = (Gain from Investment - Cost of Investment) / Cost of Investment
• Earned Value (EV) Formula: EV = % Complete * Budget at Completion
• Planned Value (PV) Formula: PV = % Planned * Budget at Completion
• Actual Cost (AC) Formula: AC = % Complete * Actual Cost
• Cost Performance Index (CPI) Formula: CPI = EV / AC
• Schedule Performance Index (SPI) Formula: SPI = EV / PV
• Estimate to Complete (ETC) Formula: ETC = Estimate at Completion - EV
• Estimate at Completion (EAC) Formula: EAC = AC + ETC
• Variance at Completion (VAC) Formula: VAC = BAC - EAC
• Three-Point Estimation (PERT) Formula: PERT Estimate = (Optimistic + (4 x Most Likely) + Pessimistic) / 6
• Expected Monetary Value (EMV) Formula: EMV = Probability x Impact
• Return on Investment (ROI) Formula: ROI = (Net Profit / Cost of Investment) x 100
• Total Float (TF) Formula: TF = Late Start - Early Start
• Free Float (FF) Formula: FF = Early Start of Next Activity - Early Finish
• Earned Value Management (EVM) Formula: EV = % Complete x BAC
• Bottom-Up Estimating Formula: Total Project Estimate = ∑(Work Package Estimates)
• Present Value Index (PVI) Formula: PVI = PV / Cost
• Return on Assets (ROA) Formula: ROA = Net Income / Total Assets
• Return on Equity (ROE) Formula: ROE = Net Income / Total Equity
• Debt-to-Equity Ratio Formula: Debt-to-Equity Ratio = Total Debt / Total Equity
• Operating Margin Formula: Operating Margin = Operating Income / Net Sales
• Capital Structure Weight Formula: Weight = Market Value of the Component / Total Market Value

 

Important terminologies you must consider:

• Project: A temporary endeavor undertaken to create a unique product, service, or result.
• Stakeholder: Individuals or organizations who are affected by or can influence a project.
• Project Life Cycle: The phases a project passes through, from initiation to closure.
• Organizational Structure: The way an organization is arranged and how it operates.
• Project Management Process Groups: Initiating, Planning, Executing, Monitoring and Controlling, and Closing.
• Leadership Styles: Approaches a project manager can use to guide and motivate a team.
• Communication Techniques: Methods used to convey information effectively to stakeholders.
• Project Charter: A document that formally authorizes a project and defines its objectives.
• Change Control: The process of managing and documenting changes to project deliverables.
• Project Scope: The work that needs to be accomplished to deliver the project's objectives.
• Work Breakdown Structure (WBS): Hierarchical decomposition of project deliverables into smaller, manageable components.
• Network Diagram: A visual representation of project activities and their relationships.
• Critical Path: The longest sequence of dependent activities that determines the project's duration.
• Cost Estimating: The process of approximating project costs based on available information.
• Earned Value Management (EVM): A technique to track and assess project performance using measures of planned and actual progress.
• Quality Planning: The process of identifying quality requirements and establishing metrics.
• Quality Control: The activities performed to ensure that project deliverables meet defined quality standards.
• Resource Acquisition: The process of obtaining the necessary personnel, equipment, and materials for a project.
• Resource Leveling: Adjusting project schedules to match resource availability and optimize their utilization.
• Communication Plan: A document that outlines the project's communication objectives, stakeholders, and channels.
• Communication Channels: The methods used to exchange information among project stakeholders.
• Risk Identification: The process of identifying potential project risks and documenting their characteristics.
• Risk Response Planning: Developing strategies to address identified risks and opportunities.
• Source Selection: The process of evaluating and selecting suppliers or contractors for project procurement.
• Contract Closure: The process of completing and settling the terms and obligations of a contract.
• Stakeholder Analysis: Identifying and assessing the interests, influence, and potential impact of stakeholders on a project.
• Conflict Resolution: Techniques used to resolve disputes or disagreements among project stakeholders.
• Project Management Office (PMO): A department or group responsible for centralizing and coordinating project management practices within an organization.
• Project Sponsor: An individual or group that provides resources and support for a project.
• Project Team: The group of individuals responsible for executing and delivering the project.
• Risk Management Plan: A document that outlines the approach, processes, and responsibilities for managing project risks.
• Project Schedule: A timeline that outlines the start and end dates of project activities.
• Risk Register: A document that captures and tracks identified risks, their characteristics, and response plans.
• Cost Performance Index (CPI): A measure of the value of work performed compared to the actual cost spent.
• Procurement Management Plan: A document that outlines the approach and processes for procuring goods and services for the project.
• Project Closure: The formal process of completing and finalizing a project.
• Requirements Gathering: The process of collecting and documenting project requirements from stakeholders.
• Lessons Learned: Insights and knowledge gained from the project that can be applied to future projects.
• Scope Creep: Uncontrolled expansion or addition of project scope without appropriate change management.
• Project Risk: Uncertain events or conditions that may have a positive or negative impact on project objectives.

 

You Can find our upcoming project management training course schedule

 

Training Course	Schedule	Mode of training
CAPM  (Certifed Associate in Project Management)	On- demand	Online
PMI ACP (Agile Certified Professional)	On- demand	Online
PMP  ( Project Management Professional )	19-20-26-27 Oct-2024	Online
Prince2 Project Management	19-20-26-Oct-2024	Online

 

Summing up CAPM Cheat Sheet

 

The CAPM Certification is a prestigious credential that demonstrates a strong foundation in project management principles and practices. It is an excellent choice for individuals starting their project management careers or seeking to validate their skills in the field. 

 

Remember, while the cheat sheet is a helpful resource, it should be used in conjunction with official PMI CAPM study materials for a comprehensive understanding of the subject matter. Allocating ample time for studying, practicing sample questions, and applying project management principles in real-world scenarios is crucial for success in the exam.

 

If you're looking for professional CAPM Certification training, Vinsys is an exceptional option. Vinsys is a leading global corporate training and consulting organization that offers comprehensive CAPM training programs. With experienced instructors and a proven track record of success, Vinsys provides candidates with the knowledge and skills necessary to excel in the CAPM exam. Their training programs are designed to enhance understanding, boost confidence, and improve overall performance.

 

By investing in CAPM Certification training with Vinsys, you can maximize your chances of passing the exam and propel your project management career forward. Choose Vinsys as your trusted training partner and embark on a rewarding journey towards CAPM Certification success.

 

Best of luck in your CAPM Certification journey with Vinsys!