PPM-001

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PPM-001
PPM-001 Exam Dumps PDF + Practice Test
Exam: PPM-001
Exam Name: GAQM Professional in Project Management (PPM) - Standard Package Exam
Certification(s): Professional in Project Management
Questions: 650 Questions Answers
Last Updated: Feb 13,2025
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Main points of GAQM PPM-001 Test

The GAQM Certified Project Portfolio Management (PPM) - Practitioner (PPM-001) exam covers a broad range of project and portfolio management topics. The main points can be categorized as follows:

I. Fundamentals of Project Portfolio Management (PPM):

  • Defining PPM: Understanding the purpose, benefits, and scope of PPM within an organization. This includes knowing the difference between project, program, and portfolio management.
  • Alignment with Strategic Goals: Connecting projects and portfolios to overall organizational strategy and objectives. This involves understanding how to select projects that best support strategic initiatives.
  • Stakeholder Management in PPM: Identifying, analyzing, and managing the expectations of various stakeholders involved in the portfolio.
  • Governance and Oversight: Establishing clear governance structures, processes, and controls for managing the portfolio.

II. Portfolio Selection and Prioritization:

  • Project Selection Methods: Understanding and applying various selection methods such as scoring models, discounted cash flow, and other financial analysis techniques.
  • Prioritization Techniques: Using different methods to rank and prioritize projects based on factors like risk, return on investment (ROI), and strategic alignment.
  • Resource Allocation: Efficiently allocating resources (budget, personnel, time) across different projects within the portfolio.
  • Demand Management: Managing the flow of project requests and ensuring alignment with the portfolio's capacity.

III. Portfolio Monitoring and Control:

  • Performance Measurement: Defining key performance indicators (KPIs) and metrics for tracking portfolio performance.
  • Reporting and Communication: Regularly communicating portfolio status and performance to stakeholders.
  • Change Management: Responding to changes in the business environment and adjusting the portfolio accordingly.
  • Risk Management: Identifying, assessing, and mitigating risks that could impact the portfolio.
  • Issue Management: Proactively identifying and resolving issues that affect projects within the portfolio.

IV. Tools and Techniques:

While the exam doesn't focus on specific software, it expects you to understand the general types of tools and techniques used for:

  • Portfolio Management Software: Understanding the capabilities and limitations of different software solutions.
  • Project Management Methodologies: Familiarity with Agile, Waterfall, and hybrid approaches.
  • Financial Modeling: Basic understanding of techniques for analyzing project costs and benefits.

V. Ethical Considerations:

  • Understanding and adhering to ethical guidelines and best practices in project and portfolio management.

It's crucial to remember that the exam tests your understanding and application of these concepts, not just rote memorization. Be prepared to analyze scenarios and apply your knowledge to solve problems related to portfolio management. The official GAQM PPM-001 exam guide and practice questions are invaluable resources for focusing your studies.

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