Ace the PMP journey with Project Cubicle’s PMP Exam Preparation section. Your guide to success in project management certification. 📚🌐 #PMP #ProjectCubicle
There are many tools, techniques, diagrams, and charts are used in quality management to make analysis and improve the process quality. Pareto Chart (also known as Pareto Analysis or Pareto Diagram) is one of the seven basic tools of quality … Read more
Organizations often try to change their production system to achieve more work using fewer resources. In order to increase the profit by reducing waste and costs, a business must become more productive than before considering the rapidly changing economic conditions. … Read more
What are the causes of variation in quality control or what are the types of variation? The term “variation” is widely used in statistics, quality management, genetics, and even in biology. It refers to the measurement for a group of … Read more
Cost Benefit Analysis (also known as Benefit Cost Analysis) is an important concept in project management. Simply put, it is performed to identify how well, or how poorly, a project will be concluded. It is done by the experts, project … Read more
There are lots of project planning methods, tools and techniques available in the field of project time management. The Critical Chain Method is one of them which was introduced by Eliyahu M. Goldratt in his book “Critical Chain” in 1997. … Read more
Arrow Diagramming Method (ADM) or Activity on Arrow Method (ADM) is a common scheduling technique used in project management like the precedence diagramming method (PDM). Humans are creating work schedules to track their project’s performance since the construction of the … Read more
2 weeks ago, one of our readers asked how to calculate float time in critical path analysis. Therefore, we decided to write this article. Total Float vs Free Float is one of the most important concepts in PMP Certification training. … Read more
In today’s economic environment, it is essential to use financial tools and techniques to support organizational decision-making before starting a new business or making significant changes in existing workstreams. Organizations across various industries—from construction to chemicals—use different decision-making tools to … Read more
The Project Management task becomes more challenging considering today’s large and sophisticated projects. Effective time and cost management become more important than before for the success of any kind of project. Therefore project managers and team members use techniques, methods, … Read more
Cost classification is an important process in budgeting, accounting, and project management. Cost classification and categorization of expenses help project teams to understand what kind of costs will be spent during the life cycle of their project. For example, in … Read more
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