As the James Webb Space Telescope (JWST) has become fully operational, early release data are now available to begin building the tools and calibrations for precision point-source photometry and astrometry in crowded cluster environments. Here, we present our independent reduction of NIRCam imaging of the metal-poor globular cluster M 92, which were collected under Director's Discretionary Early Release Science programme ERS-1334. We derived empirical models of the point spread function (PSF) for filters F090W, F150W, F277W, and F444W, and find that these PSFs: (i) are generally undersampled (FWHM ~ 2 pixel) in F150W and F444W and severely undersampled (FWHM ~ 1 pixel) in F090W and F277W; (ii) have significant variation across the field of view, up to ~15-20 per cent; and (iii) have temporal variations of ~ 3-4 per cent across multi-epoch exposures. We deployed our PSFs to determine the photometric precision of NIRCam for stars in the crowded, central regions of M 92, measured to be at the ~0.01 mag level. We use these data to construct the first JWST colour-magnitude diagrams of a globular cluster. Employing existing stellar models, we find that the data reach almost the bottom of the M 92 main sequence (~0.1 M_{sun}_), and reveal 24 white dwarf candidate members of M 92 in the brightest portion of the white dwarf cooling sequence. The latter are confirmed through a cross-match with archival HST UV and optical data. We also detect the presence of multiple stellar populations along the low-mass main sequence of M 92.