Lessons Learned Register Example

A lesson learned register is a document that project team uses to record their lessons learned in a project. Project Management Body Of Knowledge (PMBOK) Sixth Edition has introduced a new process called “Manage Project Knowledge”. The manage project knowledge process chiefly governs lessons learned in projects. The lessons learned register is an important output of this process. Read More

Lessons Learned Benefits and Importance

Lessons learned benefits projects of all sizes and complexities. Certainly, documenting valuable project experience gained creates a knowledge base for future similar projects. Even though its importance in project management is evident project teams often fail to complete this crucial exercise. Profitability of future projects suffer due to lack of this knowledge base. This post includes 10 significant lessons learned benefits. Read More

PDU Requirements PMP Certification Renewal

The most important aspect of maintaining PMP certification is investing time in acquiring and reporting PDU. It is essential to understand various categories of professional development units necessary for reporting pdu under each of these categories. This post provides in-depth analysis of pdu requirements and lists activities associated with different pdu categories. Read More

Seven Basic Quality Tools PMP Exam Guide

The seven basic quality tools facilitate data collection, data analysis and data visualization. PMBOK 5th edition specifically mentioned the complete list of the seven basic quality tools. However, PMBOK 6th edition has grouped all tools and techniques under six specific categories. Hence this post briefly describes all seven basic quality tools like Pareto diagrams, Check sheets, Control Charts etc. Read More

Quality Control Data Representation Tools

Quality control data representation tools are the set of tools and techniques that represent quality control data in graphical format. PMBOK 6th edition has grouped all tools & techniques in six major categories; data representation is one such category. Control quality process also uses tools from other categories such as data gathering & data analysis. This post describes quality control data representation tools. Read More

PMP Certification Exam Changes 2019

June 2019, PMI announced PMP certification exam changes via an updated pmp exam content outline. The new structure takes effect from 16 Dec 2019. Whereas, the last date to take the pmp exam according to present structure is 15 Dec 2019. The profession of project management is evolving hence PMI changes exam content every 3 – 5 years. Hence, this post describes pmp certification exam changes in 2019. Read More

Net Present Value (NPV) Calculation Steps

Net Present Value is a financial analysis technique that evaluates project profitability. It is a useful project selection technique. NPV project selection criteria falls under the classification of benefit measurement method. Further, NPV analysis uses discounted cash flow method to assess project profitability. In fact, major advantage of NPV method is that it uses time value of money. Read More