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Project Management Academy
Risk vs Issue What's the Difference

Risk vs Issue: What’s the Difference?

Why does the difference between a risk and an issue in a project matter? A good project manager knows the role of project risk and project issue to manage impact and response for the project. On this page: What is a Risk in project management? What are the types of project risk? Importance of understanding …

CAPM Exam Changes in 2023 New Domains and Formats

CAPM Exam Changes in 2023: What You Need to Know

Project Management Institute (PMI) will launch a new Certified Associate of Project Management (CAPM)® exam with new domains, question formats, and application requirements in July 2023. On this page: CAPM 2023 Exam Changes: What You Need to Know Preparing for the 2023 CAPM Exam Understanding the New CAPM Exam Domains CAPM Exam Application Requirements, Eligibility, …

80/20 Rule PMP

How to Use the 80/20 Rule in Project Management

In 1906, the Italian economist Vilfredo Pareto famously observed that 20% of Italy’s population owned 80% of the country’s property. 35 years later, Joseph M. Juran, an American engineer and management consultant, began to apply what became known as the Pareto Principle to quality issues in business. The 80/20 rule, as it is more commonly …

Mastering the Art of Scheduling How to Avoid Costly Scheduling Errors

Mastering the Art of Scheduling: How to Avoid Costly Scheduling Errors

Scheduling in project management is a delicate balance of planning and execution. Schedules are central to a project’s success, and the most skilled practitioners anticipate changes and plan accordingly to ensure that they complete their projects on time and within budget. Poor planning and failure to account for unforeseen risks cause delays and tax resources, …

How to Create a Range Estimate for Your Projects

How to Create a Range Estimate for Your Projects

Did you know that you use ranged estimates all the time? It could be calculating how long it will take to make dinner, how much it will cost to order takeout, or how long it will take to drive to a friend’s house. In each of these examples, you’re considering all the variables and making …

The Importance of Agile in a PMP Certification Course

The Importance of Agile in a PMP Certification Course

The PMP certification course comprehensively overviews project management principles and practices. While the course focuses on traditional project management methodologies, there is also a significant amount of content dedicated to Agile principles and practices. As more organizations utilize Agile project management, including the Scrum framework, project managers must learn to differentiate and blend Agile and …

Iteration vs. Flow-Based Agile Choosing an Approach

Iteration and Flow Based Agile: Which Approach Should You Choose

Agile project management is a concept that approaches the project planning process by breaking a larger task down into smaller cycles called “sprints.” This agile approach allows project management professionals to guide teams through projects more productively. Central to agile project management is the idea that an agile team works toward a common goal as …

Scrum Master vs. PMP: Which Has A Higher Salary Potential?

Scrum Master vs PMP: Which Has a Higher Salary Potential?

Scrum masters and project management professionals (PMP) guide teams to help them work more efficiently and productively. The work these positions do can overlap, but their approaches are distinct enough that professionals in these roles often find themselves choosing one over the other. For some, one approach feels more natural or better suited for the …

Certified Scrum Master vs. PMP: Which Certification Should You Pursue?

Certified Scrum Master vs. PMP: Which Certification Should You Pursue?

Certified Scrum Master (CSM) and Project Management Professional (PMP) are the most common credentials in project management. Earning one or both certifications can increase earning potential and job opportunities. Before deciding which to pursue, it’s helpful to compare these certifications to understand their merits. On this page: What is a Scrum Master? What is a …

PMP vs PRINCE2 vs Agile: Strengths and Weaknesses

PMP vs PRINCE2 vs Agile: Strengths and Weaknesses

There are two standard approaches to a career path in any field of project management. You can spend years of trial and error developing experience and landing the job that’s right for you. Or you can consolidate that process into pursuing certification. Which sounds more likely to put you where you want to be? Various …