One of the essential duties of a project manager is to determine whether a project is worth investing in and ensure its success from beginning to end. For example, one helpful metric of project value is the payback period; that is, how long will it take to recover your initial investment in the project? Let’s …
Continue reading The Basics of Payback Periods in Project Management
Earning the Project Management Institute’s (PMI) globally recognized Project Management Professional (PMP)® certification begins long before you find out your PMP exam score. In fact, you must have an approved application before you can even look at dates to schedule and take the PMP Certification exam. To earn the coveted PMP certification status, it is …
You receive a unique code via an encrypted electronic message with an address, and what to bring to that location on a specific day and time. You are prohibited from bringing any communication device or unauthorized documentation to the meeting location. You must provide a government-issued ID to enter the meeting location. Are you going …
Continue reading Introduction to the PMP® Certification Exam
Most project managers strive to earn PMI’s Project Management Professional (PMP)® certification. Those seeking Agile training, an Agile PMP Certification equivalent, or other project certification should include Agile methodologies into their training and PMP certification knowledge base. The Project Management Institute (PMI) predicts there will be 2.2 million project-oriented roles annually through at least 2027. …
It can be a challenge to select the next project for your team to accomplish. One project management concept that can help you make an informed decision is Net Present Value, which describes the difference between a project’s cash value now versus what it will most likely be in the future. It’s important to understand …
Continue reading PMP Exam Prep: Present Value vs Future Value
Demand for skilled project managers in all industries and locations grows constantly. The latest estimates indicate that employers will need to fill 2.2 million project-oriented roles every year through 2027. The PMP certification is an excellent choice for aspiring project managers to demonstrate their qualifications in this growing field. On this page: What is the …
Burn Rate is a term used on the PMP Exam and is largely in Agile environments, as an indicator of how well a project is, or is not, staying within the project budget. Project Managers should understand what burn rate is and how to calculate it. Keeping track of your burn rate is important when …
Earning the Project Management Professional (PMP)® certification, which is a highly respected and globally recognized certificate of project management excellence, is a difficult achievement. You should be proud of yourself for it! So, what comes after PMP certification? The answers are in this Project Management Academy guide to what you can expect from the Project …
As we explore the inextricable link between business success and project management, I ask you: For each of the following formulas, can you tell if they are used by the Chief Financial Officer (CFO) or the Project Manager (PM)? To determine the discounted value of future cash flows resulting from an investment project: PV = …
Continue reading CFOs Use Project Management Formulas to Achieve Success in their Business
Employers highly value the Project Management Professional (PMP)® certification when seeking project manager candidates. However, obtaining this certification requires meeting specific criteria set by the Project Management Institute (PMI) and passing a rigorous exam. While the PMP certification process is challenging, it is certainly achievable with the right approach and preparation. This guide helps you …
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