Project Management Academy Blog - Page 9 of 34 - Resources for Project Management

September 30, 2022 October 19, 2022

Get Started with an EPMO Framework and Structure

Large organizations leverage an Enterprise Project Management Office (EPMO) organizational model to enable a consistent and reliable alignment of project management office execution, portfolio management governance, and corporate strategy. An EPMO structure creates standardized key performance indicators and metrics, more accurate project reporting at all levels, and efficient resource utilization across teams, all in support …

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September 30, 2022 September 30, 2022

4 Reasons to Get the PMP® Certification if You Work in the Construction Industry

If you’re a project manager working in the construction industry, getting a Project Management Professional (PMP)® certification might not seem like a top priority. You might wonder whether the training covers practices relevant to the construction industry or whether the certification is worth the time and money. But as you’ll see, there’s a compelling case …

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September 29, 2022 December 1, 2022

PMP Exam Strategies for Risk Response: Mitigate Risk, Avoid, or Transfer

To earn a Project Management Institute (PMI) certification, project managers must know risk response strategies for mitigation, avoidance, transfer, exploitation, enhancement, sharing, and acceptance. All projects have risks; thus, project managers must plan risk responses to ensure positive project outcomes. On this page: What is Risk Mitigation PMP or Mitigate Risk PMP? PMP Risk Mitigation …

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Risk Report vs. Risk Register in Project Management

September 29, 2022 December 1, 2022

Risk Report vs Risk Register on the PMP Exam

Risk Analysis and Risk Management are fundamental concepts for Project Management Professionals (PMP)®. You must be able to mitigate surprises and disruptions, and while creating a risk management plan is an essential step, it doesn’t address the specific risks your project faces. Two critical tools: a risk report and a risk register, identify and detail …

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September 29, 2022

Agile Transformation Explained: The Agile Transformation Process

In the decades since the Agile Manifesto was written as a set of values promoting trust, collaboration, and respect, project management has dramatically evolved. The Agile Manifesto values are not limited to software development or project management. They can also be applied to various industries as “Agile Transformation” is part of their organizational development. Agile …

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September 29, 2022 September 29, 2022

The Agile Transformation Roadmap

For survival, businesses must balance sustainable infrastructure with the ability to quickly adapt to evolving customer needs, resource availability, and market competition. Agile methodologies enable project teams to get deliverables to market faster through iterative development processes. The same mentality of continuous improvement and incorporating innovation can be applied to an entire organization when an …

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September 23, 2022 December 1, 2022

Project Risks on the PMP Exam: Variability Risk vs Ambiguity Risk

Risk management is a big part of the Project Management Professional (PMP)® exam. To prepare, you’ll need to understand the types of risks that influence your project. All these uncertain events and their impacts are called project risks. This article will look at four different types of project risks. On this page: What is Risk? …

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September 21, 2022 September 21, 2022

Introduction to Enterprise Project Portfolio Management

Enterprise project portfolio management, or EPPM, is a way to align all projects and portfolios with strategic objectives. It’s a centralized system that can see what everyone is working on. In short, when everyone is on the same page, projects are more successful. In this article, we’ll explain the process of EPPM, some challenges and …

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September 21, 2022 December 1, 2022

Introduction to Types of Risk: Secondary Risk vs Residual Risk

Several questions on the Project Management Professional (PMP)® exam test your ability to manage and identify risks. But did you know there are several different types of risks? In this article, we’ll introduce you to two less-talked-about risks: secondary and residual risks. We’ll discuss why they need to be addressed along with the initial risks. …

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September 20, 2022 December 1, 2022

Introduction to Risk Assessment in Project Management

Project Management Institute’s (PMI) inclusion of risk management skills in multiple PMI certifications indicates the importance of risk across industries and in all projects. The risk management process includes risk identification and risk assessment. During an assessment, the project manager uses standard risk tools and quality data to help the team better avert later problems, …

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