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 […]
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
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
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
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