Project Management Academy Blog - Page 10 of 34 - Resources for Project Management

Introduction to Types of Risk: Secondary Risk vs Residual Risk

Erin Aldridge, PMP, PMI-ACP, & CSPO / September 21, 2022

Several questions on the Project Management Professional (PMP)® exam test your ability to manage and identify risks. But did you know there are several different types of risks? In this article, we’ll introduce you to two less-talked-about risks: secondary and residual risks. We’ll discuss why they need to be addressed along with the initial risks. […]

Risk Management

Introduction to Risk Assessment in Project Management

Megan Bell / September 20, 2022

Project Management Institute’s (PMI) inclusion of risk management skills in multiple PMI certifications indicates the importance of risk across industries and in all projects. The risk management process includes risk identification and risk assessment. During an assessment, the project manager uses standard risk tools and quality data to help the team better avert later problems,

The PMI Talent Triangle® Sets PDU Requirements

Megan Bell / September 13, 2022

Project Management Institute (PMI) oversees multiple project management certification programs, such as the Project Management Professional (PMP)®. Every PMI certification has specific Professional Development Unit (PDU) requirements for credential maintenance. All PDU work is tracked against the three branches of the PMI Talent Triangle®: Ways of Working, Power Skills, and Business Acumen. On this page:

Professional Development, Training and Development

Earn Free PDUs for PMI Certification Renewal

Erin Aldridge, PMP, PMI-ACP, & CSPO / August 31, 2022

Once you have earned a certification from Project Management Institute® (PMI), the clock starts ticking. You need to start thinking about earning Professional Development Units (PDUs). These are continuing education activities, including directed-learning courses and self-directed activities, and they are required to keep your certification active. They also keep your leadership and project skills up

Project Management

EPMO Best Practices

Erin Aldridge, PMP, PMI-ACP, & CSPO / August 31, 2022

Those who are already familiar with a project management office (PMO) will understand that a PMO can operate under one of three levels of organizational scope: individual, departmental, and enterprise. While individual and departmental PMOs support project management teams at the project or business unit level, respectively, enterprise PMOs (EPMOs) work differently. In fact, enterprise

PDU

How to Calculate PDUs

Megan Bell / August 31, 2022

For Project Management Institute (PMI) certification, Project Managers must know what a Professional Development Unit (PDU) is, how to calculate a PDU, and how to manage the process for submitting PDUs to meet requirements. Each PMI certification requires a specific number of PDU credits per renewal cycle, but how you calculate PDU credits is the

Corporate Training

Introduction to Project Management Basics

Megan Bell / August 31, 2022

Do you feel overwhelmed with your projects? Learn the basics of project management, including tools and principles, so you can effectively and efficiently manage projects to a successful outcome. Knowing the basics of project management can also help you decide which professional certification to pursue to best meet your career goals. On this page: Basic

Risk Management

Risk Acceptance as a Risk Response Strategy

Erin Aldridge, PMP, PMI-ACP, & CSPO / August 31, 2022

A project risk is an event that has not yet happened and that may positively or negatively impact a project if it does happen. Negative risks are referred to as threats, and positive risks are referred to as opportunities. Every project is characterized by both types, but many project managers actually do not pay much

Project Management

7 Ways to Improve Project Efficiency

Ben Schwartz / August 31, 2022

As project management shifts toward more transparency, clients are increasingly interested in how well the team spends its time and resources. Project teams are expected to “do more with less,” and to “work smarter, not harder.” While these are good practices to adopt in general, the challenge for project managers is quantifying how much value

Corporate Training, Project Management

How to Build a PMO: 8 Simple Steps

Erin Aldridge, PMP, PMI-ACP, & CSPO / August 31, 2022

The world of project management is full of abbreviations, and one of the more commonly used acronyms is PMO. But what exactly is a PMO, and why is it important for project managers to understand how to build one? This article walks you through everything you need to know about PMOs, including how to build