Category Archives for "Project Management"

project management

New PMP Exam & PMBOK Guide 6th Edition – Get PMP Certified in 2017

new PMP exam pmbok guide 6th edition

5 Reasons To Do PMP Before New PMP Exam & PMBOK Guide 6th Edition Did you take a New Year resolution to become PMP certified in 2017? If your answer is ‘No’ then you should add PMP certification to your list of priorities before the new PMP exam comes into effect. If your answer is […]

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3 Differences Between Configuration Management vs Change Management

configuration management vs change management

Is configuration management part of change management? Or, is it the other way around? A few months ago, there was an interesting discussion on one of the LinkedIn forum. The discussion was focused on configuration management vs change management. A few participants said that Configuration Management Plan is part of Change Management Plan. While other […]

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Critical Path Analysis Example – 2 Ways to Calculate Critical Path

critical path analysis

Critical Path Analysis Example – Using 0 and 1 Method I got introduced to Critical Path Analysis in the year 1997. I am a software engineer by education. I learned most of the project management concepts while managing software projects – Critical Path Analysis was one such concept. I learned about Critical Path while using […]

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PMBOK Guide 6th Edition And PMP Exam Change

pmbok guide 6th edition

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 rumors started after PMI made an announcement […]

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When is an Fixed Price with Economic Price Adjustment Contract Used?

fixed price with economic price adjustments

Fixed Price with Economic Price Adjustment Contract Explained Fixed Price with Economic Price Adjustment Contract is a variation of the basic Fixed Price Contract (FP). In some of my previous articles, I have explained all the other variations of FP Contracts (as enumerated in PMBOK® Guide). In this article, I will talk about Fixed Price […]

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How to Remember Point of Total Assumption Formula?

Point of Total Assumption

Point of Total Assumption Formula in Fixed Price Incentive Fee Contract How do you remember any formula? Simple! Understand the concept you will not need to remember the formula. I heard about Point of Total Assumption when I was preparing for PMP® Exam. At the beginning, it sounded very funny. One of the meanings of […]

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