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Plan Procurement Outputs You Should Know for the PMP Certification ExamBy Cynthia Snyder Stackpole from PMP Certification All-in-One For Dummies, 2nd EditionYou will need to know all about

What is a risk? Most of us understand risk as an uncertain event which can impact us negatively, however, the PMBOK® Guide Fifth Edition defines Project Risk asProject risk is an uncertain eve

The PMBOK® Guide Fifth Edition defines project risk a“Project risk is an uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives such

Professionals who are just introduced to project management wonder what makes project special. Today I am going back to basics and talking about a project and Project Management.Let’s begin by dis

When professionals start preparing for PMP® many begin by reading PMBOK®, and they come across Develop Project Charter as the first process in PMBOK® Guide. What is a Project charter and what role doe

In my various interactions with the project management professionals,I found that many professional find it difficult to distinguish between Work Package and Planning Package, so I thought of writing

Let’s begin with defining the Reserves: Reserves are the amount of fund, time, or resources that are estimated from the risk management processes.PMBOK® Guide Fifth Edition defines reserves as:

All projects across industries follow a life cycle approach. Often I have seen there are so many questions in mind for many PMP® aspirants on different types of life cycles. Why do we really need anyt

In so many recent discussions I realised that even though Lead & Lag are easy concepts confusion around it exists with many of PMP® aspirants. Especially when we use these two dependencies in network

Identify Stakeholders is the second process of Initiating process group processes and plays a crucial role from PMP® exam point of view. Identifying stakeholders is also important to make the real lif

In one of the recent discussion on our Forum, I realized PMP® aspirants have lots of questions on float of activities.There is a lot of confusion about different types of floats which can exist in a

Fast tracking and crashing are techniques without which a project manager can’t survive. I know many of Project managers out there reading this blog will agree with me. Even though these are schedule

Cause and Effect diagram also known as Ishikawa Diagram (on the name of the founder) or Fish Bone Diagram as the diagram resembles a skeleton of a fish.PMBOK® Guide fifth Edition defines Cause and

Control chart is a mechanism to understand process behaviour, predictability and stability over time. We do understand that any process has a certain amount of natural variability, but how can we tell

Histogram is a bar chart to show frequencies of causes of problems to understand preventive or corrective action.PMBOK(r) Guide fifth Edition defines Histogram as:“A special form of bar chart

Pareto Chart is a useful technique to understand what the most effecting area of the problems is and where we need to put our efforts.A success of a project from the problem resolution perspective w

A Check Sheet is a tool to collect both qualitative and quantitative facts about quality problems. When it is used to collect quantitative data, then known as tally sheetPMBOK® Guide fifth Editi

Let’s begin with understanding what Requirement Traceability Matrix is:Throughout the project Lifecycle list of project and product deliverables are created and these are developed based on agreed

A number of PMP® test takers have been posting queries to our discussion forum regarding the difference between Perform Quality Assurance and Control Quality Processes of Project Quality Management Kn

Today we are going to talk about all types of procurement contracts used in project management.Procurement management helps you identify a suitable supplier or a contractor to get or lease goods o

PMBOK® DefinitionLogical Relationship: A dependency between two project schedule activities, or between a project schedule activity and a schedule milestone. The four possible types of logical rel

Before we set out to define Configuration management it is important to understand why we need it in the first place. How does it come into the play?Now, let’s consider a situation wherein you are

Most of the times, I receive lots of queries on Sequence of Change Request by several PMP® aspirants preparing for the certification exam.This blog is a step towards addressing queries related to Inte

Change Request is a very sensitive term in the Project Management. In spite of you working hard to complete your project as per scope, schedule and cost as a project manager, inevitable thing always o

Today we are discussing yet another confused matter “Who is Sponsor”. Multiple times PMP® aspirants have lot of confusions around this personality and also around roles of this personality. It’s reall