PMBOK Guide Term Comparisons – Useful for CAPM & PMP Exam
There are many Project Management (PM) terms, which are slightly confusing and difficult to understand. Qualitative Risk Analysis and Quantitative Risk Analysis are two such confusing terms. I have written this article to distinguish and differentiate between these terms. In addition, you will find detailed explanation of qualitative and quantitative Analysis techniques along with suitable…
You will find a detailed discourse of project schedule compression in this article. I will discuss about fast tracking and crashing as the two main methods to shorten the project duration. I will discuss these using an example and diagrams. This post will be equally useful for PMP aspirants and professionals who are doing project…
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…
You can easily grasp the difference between project, program, and portfolio by looking at their definitions and understanding the main keywords. A project is a temporary endeavor undertaken to create a unique product, service, or result. A program comprises of related projects that are managed in a coordinated manner to obtain benefits, which are not…
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…
You might be preparing for the PMP certification exam and want to know the difference between Work Performance Data and Work Performance Information. Understandably so. There are many confusing terms defined in the PMBOK Guide. PMP students often get confused between such terms as the definitions are often very cryptic. Work Performance Data and Work…
A project risk is an uncertain event or condition that can have positive or negative impact on at least one of the project objectives whereas an issue (a.k.a. problem) is something that has already occurred or is currently happening. Risks are uncertain in nature i.e., they may or may not occur. There is probability attached…
There main difference between effort, duration and elapsed time is that effort refers to the amount of exertion or work done to complete a task, duration refers to the length of (working) time to complete a task, and elapsed time is the total amount of (working and non-working) time that passes between start of an…
A competent Project Manager can portray every Defect as a Change Request. An intelligent Client can introduce every Change Request as a Defect. I started managing projects long time ago. We used to have lot of fun in the earlier years. During that period, we used joke about defects and changes. Don’t get me wrong….
Lead and Lag Demystified There are many terms that perturb project management professionals. Lead and Lag are two such terms. I interact with many professionals on a regular basis. I often find that many of them are not fully aware of meaning of these terms. Even though they know the correct definitions of these terms,…
