Ever use that old saying, “a lot is at stake” when speaking to the impact an event can have on others? Stake refers to something to gain or lose; a stake in a new business means you want it to be profitable. A stake in a game can be a bet on the final score. […]
Project management is challenging because things don’t always go as planned. Changes to your project scope or deliverables can happen through gold plating or scope creep. Avoiding these will prevent delays, increased costs, and other project management issues. In this article, we will explain the differences between Gold Plating vs Scope Creep.
Experiments are not just for scientists; they are in fact a tool project managers and engineers have used for years to better understand and refine processes. In the context of project management, an experiment is not in a secret lab with bubbling liquid in beakers; instead, the testing is done in a controlled manufacturing setting.
Are the knowledge areas still relevant for the new PMP exam? PMI recently updated the exam, and some familiar concepts might seem like they’ve disappeared. But here’s the thing: even though the exam now focuses on three domains with tasks, enablers, and tools, the information about process groups and knowledge areas is still important. That’s
As a Project Management Professional (PMP), influence diagrams are a valuable tool for illustrating influences on a project or project element. Project Management Academy can help you break down the influence diagram PMP significance in more detail. Understanding PMP influence diagrams can help as you study for the PMP exam and manage actual projects.
As you look at your recipe and then at your motley collection of ingredients, you realize you are missing many required ingredients. No butter, but would the olive oil work instead? If ketchup is needed, and you have tomato sauce and vinegar, could you create the needed ingredient? How fast could an online delivery service
On November 18th, Jeff Sutherland and Ken Schwaber released a new version of the Scrum Guide – the definitive source for Scrum. While there are a number of people who have done comprehensive reviews of the changes and debated in excruciating detail the meaning behind each of these changes (see this article by Johnannes Geske for a side-by-side comparison),
When the project is done, it is easy to simply slip into planning for the next project, whether because you have pressing deadlines, or you are looking for the next challenge. Seasoned project managers know the risk of skipping the project close, or postmortem, and ensure that they and their teams always take time to
Project Managers know that change is inevitable, and that it can be a barrier to goals or a window for opportunity. The other word for change is “disruption” and it is often used in the context of industries; new products disrupting the market, or new services disrupting exiting ones. Well known examples of industry disruption
Whether you are pursuing a Project Management Professional (PMP)® certification, looking to record your Professional Development Units (PDUs), or interested in any type of project management training, knowing how to describe and document your project management experience is essential. Your PMA experts can help you break down what PMP experience examples should look like.
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