Browsing All posts tagged under »pmp«

Earned Value Management – CPI and SPI

November 9, 2013 by

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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

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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

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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 […]

Celebrate success – PMP style

February 7, 2011 by

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  There’s no greater professional satisfaction than celebrating the success of friends.  I had the pleasure of doing that with three great TAPUniversity alums and new PMP’s: Geri, Mike and Mike at Sorintino’s in Omaha. Related articles Asad Naqvi: Passed the PMP Exam 23-01-2011 (pmhub.net) Certification Exam Feedback: PMP , CBAP , CISA , CISM […]

Virtual Teams – Conflict Resolution, Environmental IQ

January 21, 2011 by

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We have IQ, there’s Emotional Intelligence (EI) – I say we add  EQ – environmental intelligence based on applying that Emotional Intelligence to what’s going on with stakeholders. A quick recap, a stakeholder is someone who has a professional interest in the outcome of a project.  That interest may be acknowledged and formalized – corporate […]

Virtual Teams – Conflict Resolution – Prepare

January 19, 2011 by

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Conflict. The mere term evokes a strong response. In today’s environment, examples of conflict are replete: Middle East, War on Terrorism, Political Divides. Intra personal conflict also appears to be increasing. Project managers also encounter a variety of conflicts: inadequate resources, changing organizational direction, project direction, disagreement among stakeholder groups, clash with functional teams, role […]

Virtual Teams – Swift Trust

January 17, 2011 by

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While delivering over forty Effective Virtual Team workshops at TAPUniversity since 2006, one question we encourage participants to ask is "well, OK, how does this differ from team members we see in person?" Swift Trust is one concept worth digging in to help answer the question of differentiation.

Virtual Teams Primer and Perfection

January 11, 2011 by

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Virtual teams are geographical dispersed teams (GDT) who are formed for a variety of reasons.  Sometimes the virtual team is formed as a result of mergers and acquisitions (M&A), or a collaboration among organizations may trigger it, perhaps a key employee moves or a company wishes to get some “boots on the ground” in a […]

The matter of estimates: analogous, bottom up, parametric and three point-PERT

January 10, 2011 by

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Schedule (Activity Duration or Activity Resource) and Cost estimating are two lynch pins for business analysis and project management. The most common estimate techniques are: analogous, bottom-up, parametric and three-point – PERT. For those pursuing a CBAP® or PMP® how to use them and whether those are mutually exclusive can become a bit confusing.  The […]

Risk Priority Number (RPN)

September 30, 2010 by

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Risk management weaves through multiple disciplines.  Addressing potential future events, both good and bad, is the focus of risk management.  There are two primary factors: 1) the probability of that event occurring and 2) the impact of that event occurring.  Take those two together (multiply) and a Risk Priority Number can be calculated. For example […]

PMPs Make More Pay

May 17, 2010 by

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The Project Management Institute has made available its PMI® Project Management Salary Survey – Sixth Edition. One may purchase the survey results at www.pmi.org/Resources/Pages/Project-Management-Salary-Survey.aspx for $150 for non-members of PMI. PMI’s publication, PMI Today, provides an overview of the survey results. It includes the statement that “in Saudi Arabia, United Arab Emirates, New Zealand, France, […]

Higher Value Placed on Certifications

May 12, 2010 by

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Good news for project managers who have earned their PMP®! It’s also an incentive for project managers who are considering becoming certified. The Wall Street Journal recently published an article indicating that increasing value is being placed upon having earned a certification such as the PMP.  The article quotes the Project Management Institute (PMI) as […]

Putnam Model

April 19, 2010 by

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Earlier postings described PROBE and COCOMO (“PROBE” posted April 14, 2010 and “COCOMO” posted April 15, 2010) which are two techniques for making software project estimates. The Putnam Model is yet another technique that can be employed in the project planning stages to estimate the time and effort of a proposed software project. It is […]

Negotiating and the PMI Code of Ethics

March 15, 2010 by

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The very succinct first mandatory Respect standard in the Project Management Institute’s (PMI) Code of Ethics and Professional Conduct (http://www.pmi.org/About-Us/Ethics/~/media/PDF/Ethics/ap_pmicodeofethics.ashx) is “3.3.1 We negotiate in good faith.” When we negotiate in good faith, we negotiate with good and honest intentions or beliefs. It surprises me that this standard is categorized as a Respect standard rather […]

Horse Blanket Project Schedule

January 21, 2010 by

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I first saw the term Horse Blanket in reference to project scheduling in the Project Management Institute’s Practice Standard for Scheduling. There in a flowchart for the Select Scheduling Method step, Horse Blanket is mentioned alongside Critical Path Method and Critical Chain. The term was undefined in the book’s glossary and a search on information […]

Newly Released Standard for Risk Management

January 20, 2010 by

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Risk is an important topic for project managers. The Project Management Institute (PMI) awards a Risk Management Professional (PMI-RMP) certification and within PMI there is a Risk Management Special Interest Group (SIG). The Project Management Institute has released its official Practice Standard for Project Risk Management. It can be purchased at http://www.pmi.org/Marketplace/Pages/ProductDetail.aspx?GMProduct=00101169201 for $55.95 for […]

New Core Values for Project Managers

January 19, 2010 by

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The Project Management Institute has unveiled its new core values. According to the January 2010 edition of PMI Today, the Core Values Review Task Team obtained feedback from stakeholders which led to 45 candidate values. The definition of core values are “essential and enduring principles guiding PMI.” From these 45 candidates, the 5 values deemed […]

The Influence of Professional Ethics Codes

December 21, 2009 by

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Project Managers, does the PMI Code of Ethics and Professional Conduct matter? Individuals who are certified by the Project Management Institute (PMI) have all agreed to abide by this code. What influence does the code actually have? I have often thought of professional codes as primarily a means for a profession to rid itself of […]

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