Tagged: PMP exam prep

In the PMP Exam, Aspirants will come across the terms “Project Team” and “Project Management Team” in the questions. While these two terms look very similar, they actually carry different meanings that may be crucial in getting the correct answer. Aspirants are advised to understand the meanings of “Project Team” and “Project...

The other day an Aspirant asked me what the single most important tip I would offer to fellow Aspirants. I replied without hesitation that the most important tip is to “Begin Your Certification Journey Now”! No matter where you are in your project management education or career, it is never too...

The PMBOK® Guide 6th Edition has been published 6th September 2017. The PMP Exam will be ONLY updated on 26th March 2018 to be based on the PMBOK® Guide 6th Edition. If you begin your exam preparation now, the PMP Exam will be based on PMBOK® Guide 5th edition by the PMP...

Project Procurement Management is usually considered more difficult to most 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 the PMBOK® Guide®...

Already updated/will be updated for PMP Exam in 2023. 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 Escalate For positive risks (i.e. opportunities): Enhance Exploit Share Accept Escalate Out of...

A very detailed lessons learned for the PMP Exam from Srinivas Reddy Nalla who passed the exam with 4 proficient and 1 moderately proficient. Srinivas Reddy Nalla Passed the New Exam Below is the sharing by Srinivas who have recently passed the new exam: Exam Preparation I have taken my exam on...

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. Project Quality vs Product Quality Product Quality: product quality is the adherence/conformance of the product/deliverable of the project to the pre-defined requirements/standards. Product...

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 Aspirants: Free Float and Total Float. Free Float vs Total Float A Float/Slack is a schedule flexibility an activity has in a project network diagram...

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, Aspirants should...

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...

Control charts are one of the Seven Basic Quality Tools used in Control Quality as described in PMBOK® Guide to give a visual depiction of the changes in the outcome of a process. Though in the ideal situation, a process will give the same results for each and every time it...

In Project Schedule 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...

There are always variances for the results from a process over time. The results are to be plotted on a control chart. The closer the results from each other, the smaller the variance (a variance of 0 indicates that all the results are identical — however this cannot be achieved in reality)....

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...

For every project, one of the key activity is to define the “scope”. There are actually two types of scopes — project scope and product scope. Many Aspirants may mistakenly consider project scope and product scope are identical, in fact, project scope and product scope are two different concepts. This post will...