In the next five years, the world will see more projects than ever. The reconstruction of the economy after the devastating global pandemic crisis, will be unprecedented in human history. According to McKinsey , Governments announced $10 trillion in reconstruction funds just in the first two months of the crisis, which is three times more …
Continue reading The Executive Sponsor in the Project Economy
Anyone in a project management role knows the top questions asked by the customer (or boss) will be: “when will it be done?” and “how much will it cost?” Although project managers do not have a crystal ball to see into the future, there are proven formulas to provide data-based predictions for schedule and cost. …
Continue reading Cost Performance Index (CPI) for PMP® Exam Prep
Project Management is a dynamic and diverse field that can provide career opportunities across industries and even the globe. The international governing body Project Management Institute (PMI) closely monitors the requirements for achieving the Project Management Professional (PMP®) certification to ensure standards are met no matter where the project manager is working. Yet, earning your …
Continue reading Use Your PMP® Certification To Prepare for Program and Portfolio Management
Quality audits and inspections are often used similarly in everyday conversations. However, these terms are not interchangeable when it comes to project management. You must understand the difference between a quality audit vs. inspection for the PMP exam. Read through the following guide to quality audits and inspections and see if you can answer the …
The Project Management Institute (PMI)® plans a new edition of the A Guide to the Project Management Body of Knowledge (PMBOK® Guide) for release on August 1, 2021. The changes for the PMBOK® Guide are reflective of changes in the profession since the 2017 PMBOK® Guide – Sixth Edition with shifts to valuing delivery over …
It’s often helpful to hear about peers’ career trajectories and progression when thinking about where to take your career next. Randy Smith, PMP®, CSM is a PMA Student since 2016 and PMAccelerateTM Member with 30 years of Project Management experience. He is currently a Project Management Supervisor, Pacific Gas & Electric (PG&E). Q: How did …
No matter how well-planned, a project can always run into some problems. After a problem occurs, it is crucial for you to understand what happened, why, and how to fix it and prevent it from happening again. To do this, you need root cause analysis.
The skills of a Project Management Professional® (PMP) apply across industries and companies. However, there are specific project processes, terminology, and certifications for federal government due to the layers of regulations and legislation shaping the work. Project Managers seeking to transfer into government work will benefit from learning about federal government project management training and …
Precision and accuracy are seemingly similar concepts that actually have unique definitions and purposes. While some use these terms interchangeably, their differences are crucial for quality management questions on the PMP exam and other project management work. In this article, we will focus on understanding Accuracy vs Precision for the PMP Exam.
The terms “quality” and “grade” are often used interchangeably. However, PMP certificate holders need to understand the difference between quality and grade for the PMP exam and project management work. These PMP concepts are closely related, so it can be challenging to grasp what is different about quality vs. grade. Your experts at Project Management …
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