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Commonly Confused Concepts for the PMP and CAPM Certification Exams
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Accepted Deliverable vs Validated Deliverable
Accountability vs Responsibility
Accuracy vs Precision
Activity vs Work Package
Administrative Closure vs Contract Closure
Analogous Estimating vs Parametric Estimating
Authority vs Power
Budget vs Estimate
Business Partner vs Seller
Business Risk vs Insurable or Pure Risk
Change Control vs Configuration Control
Change Control vs Perform Integrated Change Control
Close Phase vs Close Project
Common Cause vs Special Cause
Concurrent Engineering vs Fast Tracking
Contingency Reserve vs Management Reserve
Control Account vs Code of Account
Control Account vs Planning Package
Control Account vs Work Package
Control Limit vs Specification Limit
Control Scope vs Verify Scope
Corrective Action vs Defect Repair
Corrective Action vs Preventive Action
Cost Baseline vs Cost Budget
Cost Plus Fixed Fee (CPFF) vs Firm Fixed Price (FFP) Contract
Cost Plus Incentive Fee (CPIF) vs Fixed Price Incentive Fee (FPIF) Contract
Cost-Benefit Ratio vs Benefit-Cost Ratio
Crashing vs Fast tracking
Create Work Breakdown Structure (WBS) vs Decomposition
Critical Path Method vs Critical Chain Method
Distribute Information vs Report Performance
Duration vs Effort
Earned Value Management (EVM) vs Expected Monetary Value (EMV)
Earned Value vs Planned Value
Enhance vs Exploit
Estimate at Completion (EAC) vs Estimate to Complete (ETC)
Fallback Plan vs Workaround
Forward Pass vs Backward Pass
Free Float vs Total Float
Functional Organization vs Projectized Organization
Grade vs Quality
Histogram vs Pareto Chart
Known Unknown vs Unknown Unknown
Lead vs Lag
Logical Relationship vs Precedence Relationship
Master Schedule vs Milestone Schedule
Negative Risk or Threat vs Positive Risk or Opportunity
Perform Quality Assurance vs Perform Quality Control
Perform Quality Control vs Verify Scope
Personal Power vs Positional Power
Product vs Deliverable
Product vs Result
Product Scope vs Requirements
Progressive Elaboration vs Rolling Wave Planning
Project Buffer vs Feeding Buffer
Project Calendar vs Resource Calendar
Project Coordinator vs Project Expediter
Project Life Cycle vs Product Life Cycle
Project Management Plan vs Project Documents
Project Management Process Group vs Knowledge Area
Project Management Process Group vs Project Phase
Project Model vs Schedule Model
Project Performance Appraisal vs Team Performance Assessment
Project Quality vs Product Quality
Project Schedule vs Schedule Model
Project Scope Statement vs Statement of Work
Project Scope vs Product Scope
Project Team vs Project Management Team
Qualitative Risk Analysis vs Quantitative Risk Analysis
RACI vs RAM
Residual Risk vs Secondary Risk
Resource Leveling vs Resource Loading
Risk Threshold vs Risk Tolerance
Role vs Responsibility
Stakeholder vs Shareholder
Subproject vs Subnetwork
Tool vs Technique
Validation vs Verification
Value Analysis vs System Analysis
Work Performance Information vs Performance Reports
Work Performance Information vs Work Performance Measurements
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