Project Management Blogs (1,025)

The following PMP® exam sample question is taken from the Free PMP Exam Simulator at http://free.pm-exam-simulator.com - The answer is at the very bottom:



------------------------------



You are developing your IT development project team. Some of the team members need training on the latest software that you are using in your project. Which of the following documents is most useful to find out the information…

Some organization’s projects have been unduly criticised for being poorly planned and managed and having unrealistic cost and time projections assigned to them. The reason behind these problems or mistakes is said to be down to a lack of communication through the different levels within the project management team. However I believe that communication barriers are in fact only one of many possible mistakes that a project management team could make.

For this blog I have gone back to…

The PMP Exam is mainly based on A Guide to the Project Management Body of Knowledge (PMBOK Guide). The most current version was published in 2008 and most people find a bit difficult to read. But due to the fact that the exam is based on this book, it is important that you actually read and understand all that it contains. As a supplement to studying the PMBOK Guide in preparing for the exam you need to get additional reference material.



I recommend that you buy a separate…

HARVARD AND MIT presidents Drew Faust and Susan Hockfield today announced EdX, a nonprofit joint venture that will offer online courses to the general public while investigating technologies for improving both distance learning and campus-based education. Appropriately, given the nature of the venture, the presidents’ event inaugurating EdX was streamed live to online viewers.





According to officials from the two institutions, EdX will enable them…

Reverse Innovation guru Vijay Govindrajan talks about technology in third world countries that provides. an ECG for 30cents, artificial leg for $30 and and an Open Heart surgery for $2,000. 



The quality generated by these technologies being on par with or better than that in USA. And Dr.J implants an artificial leg on an elephant in Thailand,which makes the elephant walk normally. 



And How about a USD 300 house?? …

Follow along to see how your organization can realize a large stream of benefits without being blocked by legacy methodologies, people with entrenched habits, and people’s natural aversion to change.

 …

The following PMP® exam sample question is taken from the Free PMP Exam Simulator at http://free.pm-exam-simulator.com - The answer is at the very bottom:



------------------------------



The type, quantities and assumptions made in determining the resources, basis of estimate for each resource, and availability of resources for each activity or work package is identified in which of the following…

Hi All,



We are excited to announce that registration to our TWO PM StudyCoach Live Online Coaching Class is now open. Sign up today and let Kevin Reilly, PMP and myself be your coaches and guide you in your studies towards PMP Exam success.



The PM StudyCoach Live is a self-study course that combines recorded training materials with live, online coaching calls: You study the…

As anyone involved with Project Management knows, Work Breakdown Structure or a WBS is one of the key terms used in project management. The WBS is essential for the correct management of a projects lifecycle. It forms an important component of the planning of a project with a particular focal point being put on time management.

The core principle behind having a work breakdown structure is to divide a project into sections. Having this step by step structure in place will enable…

Specific components of a particular activity are known as activity attributes. In the beginning, these are typically descriptive factors related to the specific activity, but they can also describe activities that will become more relevant later in the project timeline.



Most activity attributes can be organized, sorted and summarized. This happens based on a few specific categories. A few of the categories for activity attributes are activity codes, the specific people involved in…

“Tom I really think that when there is a technical decision to be made, it makes perfects sense for you to delegate the decision to Simon. After all he is our technical lead.” Marilyn chimed in, “I agree with Jacob. I think the trick is that you need to make it clear that you trust Simon to make the call.”

Tom was once again meeting with Jacob his business analyst and Marilyn his subject matter expert. In a prior meeting they had told Tom (their project manager) that…

The following PMP® exam sample question is taken from the Free PMP Exam Simulator at http://free.pm-exam-simulator.com - The answer is at the very bottom:



------------------------------



The risk shared between the buyer and the seller is determined by which of the following?

A.) The Scope of Work

B.) The Teaming Agreement

C.) The Contract Type

D.) The Project…

The To-Complete-Performance-Index (TCPI) allows a projection of the anticipated performance required to achieve a goal.



As a simple example: You are driving in your car to a friends house. You promised that you would arrive at 3pm. It is now 2:15pm and you have 30 miles to go. Your TCPI is the speed that you need to drive in order to arrive on time. (This is obviously not a perfect example for the TCPI, but it gets the point across: The TCPI defines the performance required in order…

Project management is not a one-size-fits-all process or discipline. The PMBOK® Guide makes this clear in Chapter 1. There are at least 4 dimensions of a project,

• its inherent size usually measured in terms of value;
• the degree of technical difficulty (complication) involved in the work;
• the degree of uncertainty involved in defining its objectives; and
• the complexity of the relationships surrounding the project.

Project…

Don’t let this opportunity pass! Our next amazing offer for The PM StudyCoach this whole month of May 2012 - pay only $24 instead of the regular price of $34.99, save $10.99. The coupon code to use is May12.



To learn how to redeem this offer, watch this video - http://www.youtube.com/watch?v=8tG81gp6AuQ, and proceed to our website at…

This morning I woke up to hear the greatest news we have all been waiting for. Scientists have decovered that the earth gravitational rotation is slowing. This means that everyone single person will have an extra hour a day bring the current total up to 25 hours a day.  

World leaders are calling it the greatest discovery in modern history. Religious leaders are saying that its a test from God and the extra hour should be used for worship. Businesses are calling on the Government to…

A CEO needs management consulting to help him / her improve on overall business management, focus, guidance, direction, strategic planning, strategic management, leadership, career and life goals. A CEO has to deal with a lot in business and life. Therefore, management consulting and counseling can be so beneficial in your business, life and career.…

The following PMP® exam sample question is taken from the Free PMP Exam Simulator at http://free.pm-exam-simulator.com - The answer is at the very bottom:



------------------------------



Project Integration Management consists of all of the following activities except?



A.) Develop Project Charter

B.) Develop Project Management Plan

C.) Perform Integrated Change Control

D.) Collect…

One of the more obscure terms that you need to know for the PMP Exam is the "Tornado Diagram". Basically, the tornado diagram is a typical display format of the sensitivity analysis. Let's look at this in more detail.



A Tornado diagram, also called tornado plot or tornado chart, is a special type of Bar chart, where the data categories are listed vertically instead of the standard horizontal presentation, and…

One of the more common discussions on the web and in other places is focused on arguing the merits of, or comparing, the PRINCE2 Methodology with the PMBOK Methodology.

The problem with the proposition is basic premise is completely wrong! The PMBOK® Guide is not and never has been a methodology.

Methodologies define the processes, responsibilities and workflows needed to achieve an objective. PRINCE2 is a good project methodology for managing projects with a large internal…