Project Charter Definition, Meaning and Purpose A few years ago, I got an assignment to setup PMO for a small software services company. After understanding their business and organization structure, I advised them to start creating Project Charter (PC) for every project. I provided a brief overview of PC to the main stakeholders and gave…
Did you know that many experienced project managers feel extremely confident about their PMP exam result? Alas their confidence is usually unfounded. The result of the PMP certification exam is neither a function of your project management (PM) experience nor your educational qualifications. The passing or failure rate in the credential test depends solely on…
There are three different types of contacts in procurement management. These are: Fixed Price (FP) – also called as Fixed Fee or Lump Sum Time & Material (T&M) – also called as Unit Price or Rate Contract Cost Reimbursable (CR) – also called as Cost Plus (CP) In this article, you will find definition and…
It has been a few days since I posted my last article. In that article I shared the experience of a new PMP. This post is on the same line.Since my last article I have received many messages confirming that they have become PMP and all of them shared their thoughts. However, today I am…
You might be wondering how to answer PMP exam questions correctly to pass the certification test in your first attempt. You can correctly answer the PMP questions by following a few logical steps. Luckily, the exam contains multiple choice questions and you have to choose from one of the four options that are given for…
The title of this post may seem odd. PMP is considered to be one the difficult exams to crack.Sushil (who recently participated in my 4 day PMP prep class) recently became PMP certified. He cracked the exam within 6 weeks of finishing PMP facilitation workshop. More importantly he to cleared the exam after going through…
Can you pass the PMP exam without reading the PMBOK Guide? How many times should you read it? Short answer. A PMP aspirant must read the PMBOK Guide carefully to successfully pass the exam. It is the best book available on the subject. Let me explain this in detail. Can You Pass PMP Certification Exam…
Passing PMP certification exam is a difficult proposition. It is unlike any other test. You have to practice a lot of PMP exam questions and mock tests before you can say that you are ready for the exam. But you would ask, how many questions to practice for passing the PMP exam? What number is…
![How To Fill PMP Application [Registration Process 2024]](https://www.pmbypm.com/wp-content/uploads/2012/03/PMP-Application-Process-1.png)
You might have filled many application forms but nothing is as tedious as PMP registration and application process. Applying to PMP exam is not difficult but it needs some time. You will end up spending 10-15 hours, over a period of 15-20 days, before you actually submit the form. In this post, I will take…
To Complete Performance Index (TCPI) is the estimated cost efficiency required to complete the remaining project work within a defined budget. The defined budget could be the original budget i.e., Budget At Completion (BAC) or it could be the revised budget Estimate At Completion (BAC). TCPI is different from Cost Performance Index (CPI). TCPI is…
