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?
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?
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
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?
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)
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?
Three point estimating can be done in two ways – one is by applying Beta Distribution technique, which uses PERT (Program Evaluation and Review Technique) formula and other is by applying Triangular Distribution technique, which calculates simple average. Just like any other estimation technique, 3-point estimation can be used for estimating duration or cost of … Read more How To Use PERT Formula In Three Point Estimating?
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
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?
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