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PMO • OKR • Change • Excellence Blog
Influencing Factors refer to the various elements that can impact project outcomes, including internal and external variables. This category explores essential topics such as stakeholder interests, organizational culture, market conditions, and regulatory requirements. Want to understand how these factors can affect your project’s success? Explore the blog posts to learn how to identify and manage influencing factors to improve your project management strategies!
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. Read More
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
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
Earned value management system is a robust methodology to integrate schedule, scope, and cost baselines of a project. EVM is an analytical tool that also uses variances to track schedule and cost performance of a project. It further uses efficiency indicators to forecast project health. Though EVM analysis offers numerous benefits, implementing this technique offers some challenges. Read More
PMP examination that offers numerous benefits to both individuals and well as the organizations is a gruelling four-hour long test which needs to be completed in one sitting. A total number of 200 questions needs to be answered in a time frame of 4 hours. The PMP Handbook specifies the distribution of these questions across various process groups. The data is reproduced below in graphical format. Read More
During project execution most of us have dealt with the issue of wrong cost estimates. This issue becomes a serious concern especially when you are working on a fixed price contract, these contracts pose a great risk to project margin as the team must work with zero escalation of costs until the delivery of the project. Wrong cost estimates adversely affect project margin and surface only during later stages. Read More
PMP is an abbreviation for Project Management Professional, it is a professional certification offered by a not-for-profit professional membership association for the project, program and portfolio profession called Project Management Institute (PMI) based at Pennsylvania, USA. According to the May 2017 edition of PMI Today, PMI has 286 chapters, is spread in 208 countries and has 484,524 members. Read More
