Conflict resolution is an art of recognizing and handling disputes in a sensible, efficient, and balanced manner. According to the PMBOK Guide (A Guide to Project Management Body of Knowledge) 7th edition, there are 6 conflict management strategies. These are: Confronting/Problem Solving Collaborating Compromising Smoothing/accommodating Forcing Withdrawal/avoiding Let’s understand the overall conflict resolution process and…

Parametric estimating technique uses an algorithm or formula to calculate expected duration, cost, or resource requirements based on historical data and other project parameters. It uses statistical relationship between different project variables for estimating current values. Parametric estimation is one of the five project management estimation methods that are described in the PMBOK Guide (A…

As per the PMBOK Guide, a project can be defined as a temporary endeavor undertaken to create a unique product, service, or result. The main difference between projects and operations is that operations are not projects i.e., Operational work is neither temporary nor produces unique results. I have written this post to delve into the…

PMP exam has many confusing terms. PMBOK Guide’s explanations of these terms only increases the confusion because the Guide is bereft of any examples or diagrams. I have compiled this post to explain the difference between several confusing concepts that appear in the PMP certification test. PMP is one of the most difficult project management…