Earned Value Analysis (EVA) uses specific parameters that help you to measure the current performance of a project. You can determine the project’s cost and schedule over-runs at any stages with them. They evaluate how the project is performing by … Read more
Grade vs Quality is one of the most popular articles in our blog. Grade and quality terms are widely used in project quality management as well as in our daily life. Most of the time we make comments about a … Read more
Risk is an uncertain event or condition which has impacts the project objectives in case of its occurrence. This impact may be positive or negative. Basically, risk is an unforeseen event which may or may not happen, but you must … Read more
If you are preparing for the PMP Certification Exam and want to know the differences between Work Performance Data and Work Performance Information, you are in the right place. There are many confusing terms in the PMBOK Guide that aspirants … Read more
Enhance Risk Response vs Exploit Risk Response – Risk response strategies are applied to identified risks. It is important to classify an identified project risk as positive or negative to apply the most effective strategy. In brief, a negative risk … Read more
Estimate costs process in project management is the practice of estimation of the monetary resources required to complete tasks and project activities. This process uses almost the same tools used in the estimate activity duration process such as expert judgment, … Read more
Why does a project manager need to understand both the project life cycle and the product life cycle? Because Project Life Cycle vs Product Life Cycle is a significant topic that every project manager must know. Although they sound quite … Read more
Earned Value Management is a significant concept from a PMP Certification Exam point of view. Therefore PMP aspirants should know the basics EVM concept and remember the number of formulas in order to pass the exam. Level of Effort, Discrete Effort, and … Read more
A construction contract is a legal agreement between the client and the contractor which involves basic information for the task to be performed by the contractor. In the construction industry, this legal agreement which includes the scope, bill of quantity, … Read more
Project Management, Program Management, and Portfolio Management are very important terms in project scope management. Although they sound similar, they refer to different concepts. Many PMP aspirants don’t know the differences between them. Knowing these concepts and understanding their differences … Read more
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