Tagged: PMP exam prep

In Project Risk Management, the Project Manager is required to carry out both Qualitative Risk Analysis and Quantitative Risk Analysis. While these two analysis processes are used in risk rating of all identified and significant risks, the PMBOK® Guide has listed Perform Qualitative Risk Analysis and Perform Quantitative Risk Analysis as two...

In Project Resource Management, there are two processes related to Human Resources, namely, Develop Team and Manage Team. These two are somewhat confusing as they both are related to the management of the project team in our everyday language. Develop Team vs Manage Team Develop Team: Develop Team is a...

One of the vital element for project management success is to control changes as in the Perform Integrated Change Control process, otherwise scope creep and missed requirements may result. Change management in projects involve Change Control and Configuration Control. These two terms are often used interchangeably in daily work, however, PMBOK® Guide has...

The PMBOK® Guide mentions three roles carrying project management responsibilities, namely Project Manager, Project Expeditor and Project Coordinator. While every Aspirant should be quite familiar with the role of Project Manager (after all, many of the Aspirants are Project Managers themselves), the role of Project Expeditor and Project Coordinator may...

In everyday terms, both project requirements and project scope are usually used interchangeably to refer to what needs to be done for the project. However, these two terms are not identical and should be studied in more details in order to really understand their definitions from the view of PMI....

Similar to the article discussing the differences and similarities between Project Statement of Work and Business Case, this article will discuss the differences and similarities between Project Statement of Work and Project Charter. In short, the Project Statement of Work is an input used to create the Project Charter and both of them...

Both Project Statement of Work and Business Case are key inputs for the development of Project Charter and they contains vital information to assist the senior management, project sponsor and project manager to determine whether the project is feasible in terms of expected results yet the exact information contained in...

“Create WBS” and “Decomposition” are often used together in the PMBOK® Guide to describe the process of understanding project deliverables for time and scope management. Though they are often used together, these two terms actually carry different meanings and should not be confused. Create WBS and Decomposition Create WBS (Work Breakdown Structure): Create...

RACI is a popular type of RAM (Responsibility Assignment Matrix) for the project human resource management to ensure each project activities are held responsible and accountable by individuals of the project team. However, “responsible” and “accountable” of the RACI chart are often mixed up by Aspirants. This article will try to distinguish...

In the Project Schedule Management knowledge area of the PMP Exam syllabus, there are at least two types of calendars: project calendar and resource calendar. There are some similarities and differences between these two types of calendars. This article will try to distinguish between Project Calendar and Resource Calendar according to the...

In the Project Schedule Management knowledge area of the PMP Exam syllabus, Resource Leveling and Resource Smoothing are two of the most important Resource Optimization Techniques for project schedule development to allow most effective allocation of resources to allow the project to be completed as fast as possible. However, given the...

In the PMP Exam, one of the most fundamental questions a PMP Aspirant will be asked is to distinguish between the type of organization with reference to project management and organizational structure. Organizations can be broadly divided into three general types: Functional, Projectized and Matrix (midway between Functional and Projectized). Knowledge about the...

Aspirants will read about RACI and RAM during the Plan Human Resource Management process. Both RACI and RAM are tools used to ensure each project activities are held responsible by individuals of the project team so that nothing will be left un-attended. This article will try to distinguish between RACI and RAM according...

One of the fundamental knowledge on project management is the understanding of project life cycle and its difference with product life cycle. Though both project life cycle and product life cycle consist of various phases, there are some marked difference between the two and Aspirants may be tested on the understanding...

Earned Value Management is one of the more difficult topics in the PMP Exam. Not only does it requires the Aspirants to remember and apply a number of EVM formulas and mathematics, but also they will need to understand the concepts behind Earned Value Management in order to differentiate between...