Project Management Formulas

There are a number of project management formulas to perform quantitative analysis, but from pmp exam point of view there are a few important ones. Key areas such as Earned Value Analysis, Critical Path Analysis, and Procurement Management require use of Quantitative skills. Hence, this post enumerates important mathematical formulas required for Project Management Professional (PMP) certification exam. Read More

Project Selection Methods Top 5 Criteria

Project selection methods have a vital role during project initiating phase. In fact during the project selection process a project manager rarely has any involvement. However, knowing the essentials of the project selection process adds value to the overall project execution. Moreover, those aspiring for the pmp certification examination need to know the basics of project selection criteria. Read More

PMBOK 6th Edition Changes Vs PMBOK 5th

The Guide to The Project Management Body of Knowledge (PMBOK Guide)Ā® is an indispensable resource for project managers as well as for PMP aspirants. The guide includes the standard for project management, key concepts and project management processes. The PMBOK guide fifth edition was published in 2013, In September 2017 PMI released the PMBOK 6th edition. Read More

Critical Path Analysis Solved Example

Critical path analysis is the process of identifying the longest path in a schedule network diagram. It not only indicates completeness of project schedule but also helps to ascertain degree of schedule flexibility. Moreover, critical path analysis also reveals the minimum duration required to complete a project. Critical Path Method (CPM) is the most popular project schedule analysis technique. Read More

PMP Exam Questions – A Brief Analysis

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

PMP Certification Benefits

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

PMP Certification Application Process

Project management professionals engaged in managing projects big or small, simple or complex have a desire to attain the PMP certification. PMI Today May 2017 edition puts the total active holders of PMP credential to 761,905. It not only showcases that the project manger has a deep insight of the subject matter but also helps in smooth delivery of the projects hence the pmpĀ certification provides numerous benefits. Read More