All projects have stakeholders. If they didn't, the project wouldn't exist. As a minimum, the project sponsor is a stakeholder who is expecting to receive the project's deliverables. Usually there are expectations to receive them at a certain time, cost, quality level, or other criteria as well. The project manager must know who the stakeholders... [Read More]| ProjectEngineer
Project Quality Management is the 5th knowledge area within the Project Management Body of Knowledge (PMBOK). It contains the knowledge and processes required to ensure the highest quality products and deliverables are produced by the project. Although the highest quality should always be a goal, the highest grade is not necessarily so. Quality: The degree... [Read More]| ProjectEngineer
Most projects require some form of external purchasing (procurement) in order to meet their goals. Executing these procurements to fulfill the needs of the project falls under the knowledge area of Project Procurement Management. Contractors usually have better expertise or experience and can provide a higher quality product. But often they are not motivated by the same... [Read More]| ProjectEngineer
Unlike most of the project management knowledge areas, which deal with a specific area of expertise of the project manager, the Project Integration Management knowledge area is something of a catch-all, containing many of the everyday actions of a project manager. It is the glue that holds the project together. The processes within the Project Integration... [Read More]| ProjectEngineer
Many project managers have executed the technical work to perfection only to find out that stakeholders were not satisfied because communication was poor. Thus, project communication is sometimes more important than the technical work. Of course, the project manager needs to communicate when unexpected events occur. That's the domain of project risk management. But the... [Read More]| ProjectEngineer
There is no universal definition of project success. Since the very definition of a project is temporary (Project Management Body of Knowledge, 6th Edition), virtually all projects must meet a deadline and budget. But some projects must satisfy certain stakeholders. Others must meet regulatory criteria. Still others must achieve a certain return on investment. For these reasons,... [Read More]| ProjectEngineer
Three point estimating is a technique which utilizes an optimistic and pessimistic estimate to determine the ideal estimate value for a project task. It is a shoe-in for PMP exam questions, which is not likely to change anytime soon. It allows known risks to be quantified and built in to the project budget. Formula There... [Read More]| ProjectEngineer
Parametric estimating is a guaranteed inclusion on the PMP Exam. This article is assured to give you at least one point (but more likely four or five). Parametric estimating is a project estimation technique whereby a unit rate is used and multiplied by the number of units. For example: A house building project is estimated... [Read More]| ProjectEngineer