What are Project Assumptions?

assumptions in project management

Do you know what the difference between Project Assumptions, Constraints and Dependencies is? As a young Project Manager I was always confused about 3 Project Management terms.  I was confused about the meaning of Project Assumptions, Project Constraints and Project Dependencies. I could not differentiate one from the other. I used to think that it … Read more What are Project Assumptions?

When Should You Treat Competitors As Project Stakeholders?

Do you thinks competitors are project stakeholders? Some say that’s obvious! They are Negative Project Stakeholders. They assert that, according to the PMBOK Guide, Competitors are not Project Stakeholders. Many PMP books state the same thing. But is it really true? Let me answer this question with some examples. Organizational Competitors vs. Project Stakeholders Since … Read more When Should You Treat Competitors As Project Stakeholders?

Work Package vs Activity: Understand The Difference With Examples

wbs work package vs activity

You might be looking for the difference between Work Package and Activity. It is very difficult to contrast work package vs activity by just looking at their definitions. In this article, you will find explanation and examples of these terms that will help you to understand the difference. The main difference between work package and … Read more Work Package vs Activity: Understand The Difference With Examples

How To Use Analogous & Parametric Estimating Techniques?

project estimation

Project estimation is the most fundamental aspect of Project Management (PM). Analogous and parametric estimating techniques are most commonly used methods. You will find definitions, detailed description, and examples of these techniques in this post. You will also get to know about the difference between Analogous and parametric estimation. This post should help PMP aspirants, … Read more How To Use Analogous & Parametric Estimating Techniques?

Top Differences Between Quality Assurance & Quality Control (QA vs QC)

quality assurance vs quality control

Quality Assurance vs Quality Control is one of the most confused and debated topics among project managers and quality professionals. Even some of the experienced and learned practitioners are not able to explain the difference between Quality Assurance and Quality Control. You will be easily able to distinguish and differentiate between these terms after reading … Read more Top Differences Between Quality Assurance & Quality Control (QA vs QC)

How is Project Sponsor Role Different From Customer’s?

project sponsor role definition customer

When you think about project funding, you would think about Project Sponsor Role. So what is the role of Customer? Doesn’t Customer provide funds for the project? Is Project Sponsor same as Customer? I am often asked these kind of questions during PMP and other project management training workshops. Let us look at the definition … Read more How is Project Sponsor Role Different From Customer’s?

3-Point Estimate is Different From PERT…

pert pmp

Estimation is one of the most basic concepts of Project Management. In fact poor and improper estimation is one of the main causes of challenged projects. There are many ways to Estimate. Some of these estimation techniques are specific to an industrial domain like software size estimation techniques. While other techniques can be applied to … Read more 3-Point Estimate is Different From PERT…

5 Differences Between Project Charter and Contract

project charter

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 … Read more 5 Differences Between Project Charter and Contract

Which “Type of Contract” is More Risky?

types of contracts and risk

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 … Read more Which “Type of Contract” is More Risky?

Accuracy vs Precision: Definition, Diagram, & Example

accuracy and precision

Do you know there is a difference between Accuracy and Precision? Hmm…Really? But why bother? On the face of it, these terms look to be the same. Well! You should bother if you are a Quality professional or a Project Manager. And if you are a PMP® aspirant then it definitely warrants a clear understanding. … Read more Accuracy vs Precision: Definition, Diagram, & Example