Ace the PMP journey with Project Cubicle’s PMP Exam Preparation section. Your guide to success in project management certification. 📚🌐 #PMP #ProjectCubicle
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
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
The Monte Carlo Simulation is a quantitative risk analysis technique which is used to understand the impact of risk and uncertainty in project management. It is used to model the probability of various outcomes in a project (or process) that … Read more
Activity on Node and Activity on Arrow Diagrams, Critical Path Analysis, Critical Chain Method are widely used scheduling tools in project time management. A PERT chart is a project management method that allows getting a visual representation of a project … Read more
Communication is an invaluable skill for project managers that plays a key role in project management. Creating good communication channels with stakeholders improves the project’s likelihood of success. On the other hand lack of communication is the root cause of … Read more
There are many tools, techniques and formulas used to forecast the cost performance of a project. To Complete Performance Index (TCPI) is another strong forecasting tool of Earned Value Management (EVM). The PMI’s PMBOK Guide defines the to complete TCPI … Read more
In order to conduct organizational activities and manage projects in an orderly manner, organizations are established in various structures. Likewise organizations, projects involve many tasks from human resources management to budgeting and scheduling activities. Therefore a weak or rigid organizational … Read more
Enterprise Environmental Factors (EEF) and Organizational Process Assets (OPA) are the inputs of the project integration management processes. These concepts have extensive coverage in the PMBOK Guide. Both concepts are easily understandable however, many PMP aspirants have difficulty to understand. … Read more
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