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 […]
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
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
A career in project management can be exciting and fulfilling. You get to gather resources, assemble teams, and support them so they can meet deadlines and goals. Along the way, you’ll have opportunities to boost the company’s bottom line, build capacity in workers, and develop your ability to motivate others. This typically happens in a
You’ve worked hard to earn your Project Management Institute (PMI)® certification. Now, you need to keep your credentials active by earning PDUs. But wait, what is a PDU and what does PDU stand for? PDU is an acronym for Professional Development Unit, which is a one-hour block of time invested in professional development related to
As a Project Management Institute (PMI)® Project Management Professional (PMP)®, your success depends on managing project risks, including cost risks. A primary concern of many stakeholders is the project exceeding the budget, so a solid risk management plan that addresses cost risks is essential. This article explores types and examples of cost risks and how
Within the perform qualitative risk assessment process, each identified risk’s probability and impact score is mapped within the risk matrix tool to help the Project Manager and team better understand how certain risks may impact the project. The risk matrix tool communicates the overall project risks and supplies information, increasing the effectiveness of a risk
If you have a PMI certification, such as the Project Management Professional (PMP)®, you know how critical leadership skills are. For one, you must learn leadership techniques and styles for the PMP exam. And on the job, a good project manager both leads and manages. Project Management Institute (PMI) recently updated the Talent Triangle to
PMI uses Professional Development Unit (PDU) requirements aligned to the PMI Talent Triangle® for their Continuing Certification Requirements System (CCRS). This is used to manage certification status for all credential holders. On this page: Maintain your PMI certifications like the PMP® PMI Talent Triangle® PDU requirements Ways to earn PDUs Continuing Certification Requirements System (CCRS)
The Project Management Institute (PMI)® designed the PMI Talent Triangle® to include “business acumen” as one of three pillars to earn Professional Development Unit (PDU) credits towards PMI certifications. On this page: Earn PDUs for Business Acumen Skills PMI Talent Triangle: Business Acumen How can learning business acumen skills advance your career? Business Acumen PDU
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