I am often struck by how organizations will spend thousands if not millions of dollars pursuing creative and innovative thinking, and afterward wonder why they have to cut resources or core services. The importance of creative thinking is seen in market leaders, who can be agile in their approach to shifts and adaptive to changes. …
The Project Management Institute (PMI)® sets global standards for project management practices, methods, and ethics through certification. By obtaining the PMI®’s Project Management Professional (PMP)® certification, Project Managers have the distinction of a globally recognized professional credential. Both the project manager and the employer enjoy the benefits of having a PMP certification. On this page: …
Continue reading Benefits of PMP Certification to Boost Your Career
The Project Management Professional (PMP)® certification is a highly sought-after credential in the project management world. Earning the PMP certification demonstrates your ability to lead and complete projects of any type, size, and complexity. It also proves you have the professional skills needed for the management of projects across varying industries and locations. Are you …
Continue reading How to Get a PMP® Certification: PMP Certification Process
The Project Management Institute (PMI) produces A Guide to the Project Management Body of Knowledge (PMBOK® Guide) as a global standard for all things project management. Each new edition of the guide reflects careful consideration of the evolution of project management. PMI’s Project Management Professional (PMP)® certification is globally recognized as an achievement in the …
Project Managers at all stages of their career should aim to stay current with content contained in the Project Management Institute’s (PMI) standards and publications. Available in multiple languages, and free to all current PMI members in a digital format, the A Guide to the Project Management Body of Knowledge (PMBOK® Guide) has a 25+ …
Estimating is a key skillset for any project manager in any industry. There are multiple estimating tools project managers can combine to better refine the final estimated value for resources, effort, budget, timelines, and even risks. No project plan can happen without estimating. The analogous estimating (or “top-down estimating”), parametric estimating, and three-point estimating tools …
Continue reading The Difference Between Parametric vs Analogous Estimating PMP
Most organizations do not want to waste money. The Return on Investment (ROI) tool is a means to compare profits to costs to determine if funds were used effectively. ROI can be used as a predictive tool with expected profits and costs to inform future decisions, or, as an evaluation tool using known profit and …
The Project Management Institute (PMI) has released the newest edition of their A Guide to the Project Management Body of Knowledge (PMBOK® Guide). The changes in the new PMBOK® Guide reflect changes in the profession since the 2017 PMBOK® Guide – Sixth Edition was published. PMI members can access a digital copy of the PMBOK® …
The Project Management Institute (PMI)’s Project Management Professional (PMP)® exam may include questions around the definition, purpose, and calculation of project management formulas used to assess cost and schedule. Among those project management tools is the To Complete Performance Index (TCPI), informally known as the “TCPI PMP.” Whether preparing to take the PMP® exam or …
Continue reading PMP Exam Prep: To Complete Performance Index (TCPI)
One of a project manager’s many critical roles is to keep projects on track. It can be easy for projects to deviate from the agreed-upon schedule. While this may happen for reasons out of anyone’s control, schedule variances are often unnecessary or preventable. Ultimately, all schedule variances can impact the project’s budget, as well as …
Continue reading PMP® Schedule Variance (SV): How to Calculate and Analyze SV
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