Project Management Specialists
Major Learning Outcomes of Earning the CBM Credential for Project Management Specialists
Part 1 - Module 100: General Management and Leadership
1. Comprehend strategic planing, tactical planning, and operational planning concepts and principles.
2. Master the essential functions of management, such as planning, organizing, controlling, and directing.
3. Plan and organize projects using PERT, Gantt, or CPM techniques.
4. Develop project teams and to motivate them by establishing reward and recognition systems.
5. Develop performance reporting systems to report project’s current status and progress and predicting future status and progress.
6. Identify project risks and to develop alternative plans to respond to those risks. These responses include risk avoidance, risk acceptance, risk transfer, and risk mitigation.
7. Establish project organization structures and to identify techniques to deal with conflicts among the project team members.
8. Comprehend the phases or stages in a project life cycle for effective management of the project.
9. Develop project plans defining project scope, major milestones, staffing needs, risks, and contingencies.
10. Solve project-related problems and making effective decisions using personal time management techniques.
11. Comprehend contract administration and closeout procedures for fixed-price, cost-reimbursable, and time and material type contracts.
12. Recognize the impact of government on business in terms of laws and regulations that affect project risks and deliverables.
Part 1 - Module 200: Operations Management
1. Comprehend the manufacturing operations, such as production planning, inventory control, capacity management, materials management, and logistical management.
2. Partner with procurement management to obtain project-related quotations, bids, goods, or services.
3. Learn the supply-chain management and purchasing management practices.
4. Understand service operations in terms of waiting time, capacity management, and customer service concepts.
5. Partner with operations management in identifying project’s costs, risks, and deliverables.
Part 1 - Module 300: Marketing Management
1. Comprehend the essential principles and concepts in a marketing function.
2. Learn pricing strategies and structures for products and services, including projects.
3. Participate in the new product development projects to estimate new project needs.
4. Partner with marketing management in identifying project’s costs, risks, and deliverables.
Part 1 - Module 400: Quality and Process Management
1. Comprehend the quality principles, practices, tools, and techniques.
2. Recognize the essential elements of service quality, including project management services.
3. Identify project stakeholders, both internal and external, to provide quality services.
4. Link quality of projects to revenues, costs, and profits of the organization.
5. Bring quality awareness throughout the project through quality planning, assurance, and control.
6. Benchmark the current project with previous, similar projects in order to provide a performance measurement standard.
Part 1 - Module 500: Human Resources Management
1. Comprehend the hiring process, including selecting new employees.
2. Conduct project team member’s performance evaluations.
3. Request human resources needed for completing the project.
4. Identify roles, responsibilities, and reporting relationships of project team members.
5. Identify people issues in managing diverse workforce in a project team, including contractors and consultants.
6. Comprehend legal issues involved in managing the human resources, such as ADA, EEO, and ADEA.
Part 2 - Module 600: Accounting
1. Comprehend the essential principles and concepts in accounting.
2. Read and interpret the financial statements, such as income statement, retained earnings, cash flow statements, and balance sheet.
3. Develop budgets for the project at the line-item level, using the chart of accounts and bottom-up budgeting techniques.
4. Apply managerial accounting concepts in decision making, such as internal hire versus external hire, staff insource versus staff outsource, incremental revenues and costs, and differential revenues and costs.
5. Participate in developing cost change control systems and mechanisms for measuring the project performance (e.g., earned value management).
6. Partner with accounting management in estimating project costs and project closeout procedures.
Part 2 - Module 700: Finance
1. Comprehend the essential principles and concepts in finance.
2. Recognize issues in managing short-term and long-term assets.
3. Learn financial planning and forecasting methods, both short-term and long-term.
4. Develop capital budget requests along with their financial and technical justifications.
5. Understand how businesses are valued, acquired, merged, or divested.
6. Partner with finance management in forecasting project risks and insurance coverage.
Part 2 - Module 800: Information Technology
1. Identify risks in managing information and technology such as access and privacy breaches.
2. Request value-oriented information systems for operating various business functions, such as project cost accounting system, project tracking system.
3. Participate in developing and maintaining information systems projects to meet informational needs of the business.
4. Request and fund the continuity of business services for a specific function, process, or department.
5. Generate standard and/or customized reports for decision-making purposes, such as cost per project phase, earned value, cost performance indexes and variances.
Part 2 - Module 900: Corporate Control, Law, and Governance
1. Learn internal control principles and frameworks for good business.
2. Understand controls to prevent and detect corporate fraud perpetrated by managerial and non-managerial employees.
3. Comprehend corporate risks in protecting physical and human assets.
4. Learn the essential principles of corporate citizenship, accountability, ethics, and governance.
Part 2 - Module 1000: International Business
1. Learn the global business strategies and practices, including organization structure and control.
2. Comprehend the international trade, investment, payments, and cultures.
3. Understand the international economics, banking, and law
4. Work with employees at international divisions and business units.
Part 3 - All Ten Modules
1. Integrate the Core and Functional knowledge to see the “big picture” of business.
2. Apply the integrated knowledge in business situations using mini-cases and short-scenarios.
3. Perform technical analyses, to draw conclusions, and to make effective decisions in the following 50 application areas:
Application 1: Strategic Management Analysis
Application 2: Managing and Leading Skills Analysis
Application 3: Sensitivity and Scenario Analysis
Application 4: Economic Analysis
Application 5: Organizational Analysis
Application 6: Decision Analysis
Application 7: Regulatory Analysis
Application 8: Project Management Analysis
Application 9: Portfolio Analysis
Application 10: Business Performance Measurement Analysis
Application 11: Data Analysis
Application 12: Manufacturing Management Analysis
Application 13: Service Management Analysis
Application 14: Retail Management Analysis
Application 15: Supplier Analysis
Application 16: Inventory and Logistics Analysis
Application 17: Levers, Drivers, and Triggers Analysis
Application 18: Value Analysis
Application 19: Outsourcing Analysis
Application 20: Productivity Analysis
Application 21: Contingency and Constraint Analysis
Application 22: Marketing Management Analysis
Application 23: Product and Brand Management Analysis
Application 24: Pricing Analysis
Application 25: Advertising Analysis
Application 26: Sales Analysis
Application 27: Customer Analysis
Application 28: Competitor Analysis
Application 29: Quality Analysis
Application 30: Process Analysis
Application 31: Human Capial Analysis
Application 32: Operating Budget Analysis
Application 33: Cost-Volume-Profit Analysis
Application 34: Cost Analysis
Application 35: Financial Statement Analysis
Application 36: Cash Flow Analysis
Application 37: Tradeoff Analysis
Application 38: Leverage Analysis
Application 39: Capital Budget Analysis
Application 40: Mergers and Acquisitions Analysis
Application 41: Computer Security and Control Analysis
Application 42: Computer Forensic Analysis
Application 43: Electronic Commerce Analysis
Application 44: Business Controls Analysis
Application 45: Fraud Analysis
Application 46: Risk Analysis
Application 47: Stakeholder Analysis
Application 48: Legal and Ethical Analysis
Application 49: International Trade and Financing Analysis
Application 50: Global Management Analysis
