Project Management as a practice is not new. In the past project management helped create various wonders of the world. However, it is the armed forces that has further developed this concept and applied in practice. The project management concepts that we use today have evolved over a long period of time. This post describes all the essential aspects of this subject.

Professionals as well as PMP aspirants need Earned Value Management (EVM) formulas. Many believe that the earned value management (EVM) formulas are difficult to remember. However, this is not true, with little practice and understanding anyone can recollect these formulas during the examination or while applying EVM techniques in their projects.

PMP Formulas Complete Certification Guide consists the most important formuals required for the project management professional certification examination. This list includes PERT, Crital Path Method (CPM), Earned Value Management (EVM), Net Present Value (NPV), IRR, CBA, EMV, Statistics and Procurement Management formulas.

Flowchart is the sixth tool of the seven basic quality control tools. A flowchart is a diagram that uses graphic symbols to depict the nature and flow of steps in a process. A flowchart is also known as a flow diagram, process map, or relationship map. This article describes, in brief, what is a flowchart, its use, and tools and techniques used to create it.

The PMBOK Guide seventh edition is divided into two main parts namely; the standard for project management and secondly, A Guide to the Project Management Body of Knowledge. The standard for project management includes two major components, firstly, a system for value delivery, and secondly, the 12 project management principles.

PMI is likely to release PMBOK Seventh Edition on 01 August 2021. New release of PMBOK is a major upgrade to previous versions of this standard. Knowledge areas and ITTOs would not be part of this new release. So, what exactly has changed in PMBOK 7th edition? This blog post answers important questions pertaining to the release of PMBOK 7th edition.

Project Management Body of Knowledge 6th edition has 49 different project management processes. The 5 different process groups logically categorize these processes. Further, the 10 knowledge areas also make use of these processes to establish a specific field of study. This article describes how these processes link with process groups and knowledge areas.

Project management process groups are logical grouping of various project management processes. This grouping of processes helps to achieve a specific project objective. In fact, these five project management process groups accommodate 49 different project management processes. This blog post briefly describes the five project management process groups.

The new PMP Exam 2021 has come into effect from 02 January 2021. Thus, the PMP certification exam is now based on the new exam content outline. As a matter of fact, PMI published its new exam content outline in June 2019. Now that the changes have come into effect it is good to understand these changes. Read this post to understand major changes to the PMP Exam.

Project Phase and Project Management Process Groups are often misunderstood terms. Project phase is a collection of logically related project activities that culminates in the completion of one or more deliverables. However, Process Groups are logical grouping of project management processes. This blog post describes the differences between the two terms.

PMBOK 6th edition groups tools & techniques as per their purpose. The group names describe the intent of what needs to be done. The tools & techniques in the group represent different methods to accomplish the intent. PMBOK 6th edition has 07 groups of 132 different project management tools also considered as good practices.

A pareto chart is a series of bars whose heights reflect the frequency or impact of problems. It consists of both bars and line graphs. Bars in descending order in a pareto diagram represent individual values and the line is cumulative value. A pareto diagram gets its name from the pareto principle. According to pareto principle 80% of the effects comes from 20% of the causes.