Create Work Breakdown Structure is one of the 42 project management processes outlined in the fourth edition PMBOK®. Create Work Breakdown Structure (WBS) is categorized as one of the five Scope knowledge area processes, and one of the twenty Planning processes. The purpose of this process is to break down the deliverables and project work… [Read more…]
February 26, 2009 by tapuniversity
There is much to understand and a number of formulas to know in order to apply Earned Value Management (EVM). It’s often the most difficult concept for project managers to learn when they are studying for their PMP exam if they have not applied it in their work. The very first step is gaining a… [Read more…]
February 25, 2009 by tapuniversity
Define Scope is one of the 42 project management processes outlined in the fourth edition PMBOK®. Define Scope is categorized as one of the five Scope knowledge area processes, and one of the twenty Planning processes. The purpose of this process is to make a detailed description of the project and the product. The most… [Read more…]
February 24, 2009 by tapuniversity
Collect Requirements is one of the 42 project management processes outlined in the fourth edition PMBOK®. Collect Requirements is categorized as one of the five Scope knowledge area processes, and one of the twenty Planning processes. The purpose of this process is to define and document the needs of the stakeholders as they relate to… [Read more…]
February 23, 2009 by tapuniversity
Develop Project Management Plan is one of the 42 project management processes outlined in the fourth edition PMBOK®. It’s categorized as one of the six Integration knowledge area processes, and one of the twenty Planning process group processes. As the name suggests, the purpose is to create the Project Management Plan, which is the only… [Read more…]
February 20, 2009 by tapuniversity
Central to the work of a project manager is balancing competing demands. The term “triple constraint” is a well-known phrase in project management that refers to the competing demands of scope, time, and cost. The manner in which these three demands are balanced affects quality. If one of these factors is affected, at least one… [Read more…]
February 19, 2009 by tapuniversity
Identify Stakeholders is one of the 42 project management processes outlined in the fourth edition PMBOK®. It’s new to the fourth edition. Identify Stakeholders is categorized as one of the five Communication knowledge area processes, and one of the two Initiating process group processes. The purpose of this process is twofold—first, discover the people and… [Read more…]
February 18, 2009 by tapuniversity
Project managers (especially those preparing to take the PMP exam) should be familiar with the 42 project management processes outlined in the fourth edition PMBOK®. Develop Project Charter is categorized as one of the six Integration knowledge area processes, and one of the two Initiating process group processes. The most important thing to know about… [Read more…]
February 17, 2009 by tapuniversity
The Control Chart is a type of run chart that shows whether a process is in statistical control by adding lines called Control Limits to the chart. There is both an Upper Control Limit and a Lower Control Limit. It is also common to add a line representing the mean (average), and sometimes lines representing… [Read more…]
February 16, 2009 by tapuniversity
The tool of Run Charts are a way to graphically illustrate a set of data. The passing of time is usually graphed on the x-axis. Time could be measured in any increment—seconds, days, months, decades, etc. The measure of interest is graphed on the y-axis. Run Charts are especially useful for showing any trends over… [Read more…]
February 13, 2009 by tapuniversity
A project stakeholder is a person or organization that is actively involved in the project, or whose interests are affected by the project. They have an interest (stake) in the project. If a stakeholder benefits from the success of the project, they are a positive stakeholder; whereas if a stakeholder benefits from the failure of… [Read more…]
February 12, 2009 by tapuniversity
In the fourth edition PMBOK®, there are 42 processes—each with its own set of inputs, tools and techniques, and outputs. When learning these processes for your PMP® exam, look for patterns in the inputs and outputs and focus especially on any that are unique to a particular process. For example, in the fourth PMBOK, there… [Read more…]
February 11, 2009 by tapuniversity
Several processes found in the PMBOK® list Reserve Analysis as a technique. It is also referred to as a “contingency reserve” or “buffer.” The concept is quite simple—we know to expect the unexpected, so we plan for it. Applicable to both time and cost, it is the technique of adding some extra time to complete… [Read more…]
February 10, 2009 by tapuniversity
The Scatter Diagram (also called Scatter Plot) graphically illustrates data from two variables. It is listed as a tool and technique of the fourth edition PMBOK®’s Perform Quality Control process. One of the two variables is on the x-axis, and the other variable is portrayed on the y-axis. In this fictional example, 17 people were… [Read more…]
February 9, 2009 by tapuniversity
The Pareto Chart (also called Pareto Diagram) is used to show the various causes of defects. It is listed as a tool and technique of the fourth edition PMBOK®’s Perform Quality Control process. The purpose of the Pareto Chart is to identify the biggest problems affecting quality so that those causes may be targeted for… [Read more…]
February 6, 2009 by tapuniversity
The Program Evaluation and Review Technique (PERT) formula is a simple and useful tool for project managers, and those who are planning to take their PMP Exam should have it memorized. There is much more to PERT as a project scheduling and planning technique than this formula, but here we’ll focus just on the formula.… [Read more…]
February 5, 2009 by tapuniversity
Develop Project Team is one of the 44 processes in the third edition PMBOK®. This process is classified as a Human Resource process in the Executing process group. The Develop Project Team process concerns improving the competencies of project team members and the interactions among team members. One of its tools and techniques to accomplish… [Read more…]
February 4, 2009 by tapuniversity
So, how much is all this going to cost me? Project Managers must routinely obtain estimates of project and activity costs. The Cost Estimating process (a process in the PMBOK®’s cost knowledge area and planning process group) deals with the task of obtaining reliable estimates for project costs. The Cost Estimating process has three tools… [Read more…]
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February 27, 2009 by tapuniversity
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