New Horizons
Project Management Academy
Six Sigma Online
TCM Security
TRACOM
Velopi
Watermark Learning
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
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
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
In the project management profession, there is a movement in support of the Earned Schedule (ES) tool to provide performance metrics in terms of time instead of cost. ES is considered an alternative tool and as such, has not been fully adopted by the Project Management Institute (PMI) as of this writing nor is it
According to the Project Management Institute’s PMBOK® Guide, about 90% of a project manager’s time is spent communicating. Effective communication is critical to a project’s success since better communication leads to more efficient project management. For a PMP®, effective communication channels are absolute necessity. One hurdle to good communication is communication complexity. PMP® exam candidates
When selecting a project to pursue, it’s crucial to consider how inflation and deflation will impact your project’s future value. For example, there is a difference in the purchasing power of $1,000 today and the same amount five years in the future. The concept of Net Present Value helps PMP® credential holders account for this
Different types of contracts have different requirements and budget impacts. Project Managers who are working towards earning the Project Management Institute (PMI)’s Project Management Professional (PMP)® certification should have a basic understanding of contracts and project formulas connected to different types of contracts. For instance, the point of total assumption calculation can be used with
Receive our newsletter to stay
on top of the latest posts
Popular Courses
Corporate Training
Contact Us
Mon - Fri | 8:00 AM - 6:00 PM ESTConnect With Us
PMI, PMBOK, PMP, CAPM, PMI-ACP, PMI-RMP, PMI-SP, PMI-PBA, The PMI TALENT TRIANGLE and the PMI Talent Triangle logo, and the PMI Authorized Training Partner logo are registered marks of the Project Management Institute, Inc. | PMI ATP Provider ID #3348 | ITIL® is a registered trademark of AXELOS Limited. The Swirl logo™ is a trademark of AXELOS Limited | IIBA®, BABOK® Guide and Business Analysis Body of Knowledge® are registered trademarks owned by International Institute of Business Analysis. CBAP®, CCBA®, IIBA®-AAC, IIBA®-CBDA, and ECBA™ are registered certification marks owned by International Institute of Business Analysis. | BRMP® is a registered trademark of Business Relationship Management Institute.
Login
Influencing Without Authority
(877) 637-0450
contact@projectmanagementacademy.net
New Horizons
Project Management Academy
Velopi
Six Sigma Online
TCM Security
TRACOM
Watermark Learning