Browsing All Posts filed under »PMP Exam«

Estimate at Completion – Using CPI and SPI Method 5th Edition PMBOK

November 26, 2013 by

0

The Budget at Completion (BAC) is how much the project is supposed to cost when finished. However, during the project it may become clear that the project will not end up costing what it is supposed to cost. The Estimate at Completion (EAC) replaces the BAC for the amount that the project is now believed […]

Earned Value Management – CPI and SPI

November 9, 2013 by

0

Cost Performance Index (CPI) and Schedule Performance Index (SPI) are indicators of how closely accomplished work is on budget and on schedule. CPI shows how many dollars (or other type of currency) worth of work is being accomplished for every dollar spent. SPI shows how the work is progressing compared to the original schedule. The […]

Project Exclusions, Assumptions, and Constraints 5th Edition PMBOK

October 23, 2013 by

0

Project exclusions, assumptions, and constraints (among other information) are included in a Project Scope Statement.  They’re also explicitly referenced in the Develop Project Charter, Plan Project Plan and Plan Procurement Management processes.  Each of the 47 processes has an implicit reference to exclusions, assumptions and constraints. Here’s a simple example to help you lock in […]

PERT Formula – 5th Edition PMBOK

October 19, 2013 by

0

The Program Evaluation and Review Technique (PERT) formula or 3 point estimating is a simple and useful tool for project managers, and those who are planning to take their PMP Exam should have it memorized. There is much more to PERT as a project scheduling and planning technique than this formula, but here we’ll focus […]

Business Analysis Technique #26 – Scenarios and Use Cases

March 2, 2011 by

6

Several years ago I shared a series of articles in the Rational Edge for IBM that showcased real life applications of use cases and incremental development.  Two of those articles focused on replacing a legacy unemployment insurance system. The entire article provides a much more thorough introduction from that example – so take a quick […]

Business Analysis Technique #3 – Brainstorming

March 1, 2011 by

2

The whiteboard.  The dry eraser.  The multi-color pens.  The overbearing meeting participant.  Those four things often come together when thinking of brainstorming.  It’s a technique among multiple management nexus disciplines and at the heart of agile, business analysis and project management. It can produce great results from a team. The Business Analysis Body of Knowledge […]

Certification Exam Feedback: PMP®, CBAP®, CISA®, CISM®, CISSP®, ITIL®, CSM®, Lean Six Sigma®

February 5, 2011 by

1

Certification exams for management and information technology have become a necessity for finding a job, advancing a career and validating knowledge.  Certification does not measure intelligence, work habits, team work and a myriad of additional competencies and talent needed to succeed. Sometimes they’re a necessary evil.  Other times they bring a tremendous sense of fulfillment! […]