PMBOK Guide 6th Edition And PMP Exam Change

pmbok guide 6th edition

PMBOK Guide 6th Edition – Release Date PMBOK Guide 6th Edition is the latest edition of the Guide… In the last few months, I have heard a many such rumors about PMBOK Guide sixth edition. Many people have called me or sent emails inquiring about the latest edition of the PMBOK Guide. I believe the […]

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Change your Project Risk Management Strategy

risk management strategy

What is your Project Risk Management Strategy? “Duh! We will deal with the problem when it comes. Is there any other Project Risk Management Strategy?” In my experience “deal with the problem when it comes” is the most frequently used Project Risk Management Strategy (also called Project Risk Response Strategy). Most Project Managers (and other […]

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A project is scheduled to FAIL

Failure

A project is scheduled to FAIL from start. This is a very strong statement albeit true. I have noticed this phenomenon many times during my experience. Let me explain. Project Managers rarely understand good scheduling concepts/techniques. Even if they understand, good concepts/techniques are rarely used while developing project schedule. What are good scheduling concepts/techniques? These […]

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Which “Type of Contract” is More Risky?

Contract

Types of Contracts and Risk A Question You are working for a Defense Contractor. Your company is bidding for a Government’s secret project called Project “Hush-Hush”. The Government has decided to outsource this project as a Fixed Price Contract. Who has more Risk for this Project? Defense Contractor Government All Projects are risky. Both Defense […]

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PMBOK Guide and Project Risk Management Process

Project Risk Management

What is PMBOK® Guide’s Project Risk Management Process? Nothing | Zilch | Nada | Zero That’s impossible! PMBOK® Guide contains globally recognized Standard for Project Management. Surely the Guide would define a Project Risk Management Process. Let me state something that belies common wisdom. PMBOK® Guide does not define a Project Risk Management Process. Before […]

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8 ways to meet budget in Fixed Price Projects

SCT-Triangle-Small

I write 2 blogs. One is the current blog on project management while the other is blog on completely unrelated subject – Cricket: http://fifth-umpire.blogspot.com/ Why am I mentioning my Cricket blog here? The word ‘Fix‘ is a dreaded word both in cricket and project management. Match fixing is a bane in cricket. One always gets […]

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