Project Managers are involved with managing and controlling quality processes all the time while running their projects. But what about the cost of achieving acceptable quality or the price you pay for not stopping poor quality from reaching a customer? This concept is known as the “cost of quality” and is crucial to understand for the PMP exam and beyond.
Project Management Professional® (PMP) holders know it is a data-driven world. They also know data thrown at them for a project, or the data collected during a project is not always immediately clear nor easy to connect to project work. Using tools like an affinity diagram, can not only solve an immediate data problem but can also build teams through the collaborative process to create it.
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Project management is challenging because things don’t always go as planned. Changes to your project scope or deliverables can happen through gold plating or scope creep. Avoiding these will prevent delays, increased costs, and other project management issues.
Ever use that old saying, “a lot is at stake” when speaking to the impact an event can have on others? Stake refers to something to gain or lose; a stake in a new business means you want it to be profitable. A stake in a game can be a bet on the final score. Within any project, there are Stakeholders; entities to which there is an impact depending on the outcome of the project. Whether you are a practicing Project Manager seeking to enhance your understanding of this important tool or a newer Project Manager prepping for your Project Management Professional (PMP®) certification exam, knowing who is a stakeholder and documenting key information in a register will benefit your work. Let’s dive in and see how to create a Stakeholder Register and explore it’s value.
Project Managers know how clients will react when presented with large amounts of data in the form of a spreadsheets with hundreds (better yet, thousands!) of rows of numbers with no context or clear meaning; it will not be a reaction of gratitude. On the other hand, if that same large dataset is presented using data visualization and a quality tool, like a histogram, then the client will be able to see the connection to the project decision needed. Histograms are a statistical tool included in the Project Management Professional (PMP)® certification exam as they are used by project managers to plan and manage quality.
The Project Management Professional (PMP)© certification is well-respected industry-wide as a credential proving project management expertise and experience. Its many benefits, including professional development and career advancement, make it a highly valued certification. However, the PMP certification is not easy to earn. The PMP exam is rigorous and challenging, which leaves many PMP exam applicants wondering: what is the PMP passing score?
What are the Project Management Professional (PMP) knowledge areas, and are they still relevant to the new PMP exam? In the Project Management Institute’s (PMI) most recent update to the PMP exam, some familiar concepts may seem to have “disappeared.” While the PMP exam now focuses on three domains with various tasks, enablers, and tools, this does not mean information about process groups and knowledge areas is now obsolete.
As a Project Management Professional (PMP), influence diagrams are a valuable tool for illustrating influences on a project or project element. Project Management Academy can help you break down the influence diagram PMP significance in more detail. Understanding PMP influence diagrams can help as you study for the PMP exam and manage actual projects.
Project Managers know that change is inevitable, and that it can be a barrier to goals or a window for opportunity. The other word for change is “disruption” and it is often used in the context of industries; new products disrupting the market, or new services disrupting exiting ones. Well known examples of industry disruption include Netflix, Amazon, and Uber. However, disruption is by no means limited to industries; it happens at the career level as well. Project Managers who can seize disruption as an opportunity will have more career longevity.
Whether you are pursuing a Project Management Professional (PMP)® certification, looking to record your Professional Development Units (PDUs), or interested in any type of project management training, knowing how to describe and document your project management experience is essential. Your PMA experts can help you break down what PMP experience examples should look like.