Category: PMI PMP Exam Tips

Other PMP Certification Related Articles

Project Procurement Management: Contract Types for PMP Exam

Project Procurement Management: Contract Types for PMP Exam

Project Procurement Management is usually considered more difficult to most PMP® Certification Aspirants as many project managers do not have sufficient knowledge and experience in dealing with contracting issues — contract administration, contract types, contract closure, etc. This post will expound on the various types of contracts that are mentioned in...

Project Risk Management: Enhance vs Exploit for PMP Exam

Project Risk Management: Enhance vs Exploit for PMP Exam

In project risk management, according to different types of risk (positive or negative), the PMBOK® Guide recommends the following risk management strategies: For negative risks: Mitigate Avoid Transfer Accept For positive risks (i.e. opportunities): Enhance Exploit Share Accept Out of the four risk management strategies for opportunities, “enhance” and “exploit” are always not...

Project Quality vs Product Quality for PMP Exam

Project Quality vs Product Quality for PMP Exam

Quality is an crucial aspect for project success. Quality is both important for the deliverables (products) and the management of the project for the creation of the deliverables. This post will expound on the similarities and differences of Project Quality vs Product Quality and what PMP® Certification Aspirants would need...

Project Time Management: Free Float vs Total Float for PMP Exam

Project Time Management: Free Float vs Total Float for PMP Exam

In project time management, when using the Critical Path Method  (CPM) to determine the project schedule, there are two types of float that are easily confused by many PMP® Certification Aspirants: Free Float and Total Float. This post will expound on the similarities and differences of Free Float vs Total Float and...

Project Risk Management: Fallback vs Workaround for PMP Exam

Project Risk Management: Fallback vs Workaround for PMP Exam

In project management, once the original plan does not proceed as expected or there are any changes in the external environments, the Project Management will need to investigate whether changes to the original plan is needed. This is where Fallback and Workaround would need to be implemented. However, PMP® Certification...

Project Cost Management: Cost Baseline vs Budget for PMP Exam

Project Cost Management: Cost Baseline vs Budget for PMP Exam

In Project Cost Management, project managers will have to deal with Cost Baseline and Cost Budget. However, these two terms are easily confused in everyday language. In the PMBOK® Guide, Cost Budget and Cost Baseline are different concepts that need to be distinguished clearly. This post will expound on the similarities...

Project Time Management: Crashing vs Fast Tracking for PMP Exam

Project Time Management: Crashing vs Fast Tracking for PMP Exam

In Project Time Management, when the Project Management needs to deal with time delay (or the sudden request from management to deliver the deliverables sooner), there are two important methods to compress the schedule (schedule compression techniques) so as to catch up with the target dates while preserving the project scope: crashing...

Residual Risk vs Secondary Risk for PMP Exam

Risk Management: Residual Risk vs Secondary Risk for PMP Exam

In Risk Management Knowledge Area of the PMBOK® Guide, apart from the primary risks — which are uncertain events that may have impacts (either positive or negative) on the project objectives if occur, there are also residual risks and secondary risks. All these types of risks must be identified, analyzed, monitored...