Man drawing channels of communication

Communication Channels PMP®: Managing Project Communications

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 …

Erin Aldridge, PMP, PMI-ACP, & CSPO

Man's hand above graph

Point of Assumption

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 …

Megan Bell

Benefit-Cost Ratio PMP® Exam Guide

Resource limitations may require you to decide if a project is worth pursuing or which project to choose from multiple viable options. Using benefit-cost ratios can help ensure you are using your resources in the best way possible. Your team at Project Management Academy has put together this guide outlining everything you need to know …

Erin Aldridge, PMP, PMI-ACP, & CSPO