IPMA Level B is a project manager certification issued by the International Project Management Association (IPMA). Levels B and C are both project manager certifications from the IPMA. Level B is for complex projects where project managers are full time professional project managers, and Level C is for simple projects where project managers are usually … [Read more...]
Overview of the IPMA Methodology
The International Project Management Association (IPMA) maintains a project management methodology and certification scheme which is outlined in the Individual Competence Baseline. This manual outlines 29 'competence elements' which define a competent project manager. The competence elements are divided into three subcategories: Perspective People … [Read more...]
The 7 Processes of PRINCE2
PRINCE2's processes are structured activities that turns one or more inputs into outputs. They are the tasks required to direct, manage, and deliver a project successfully. There are 7 processes within the PRINCE2 methodology: Starting up a project Directing a project Initiating a project Controlling a stage Managing product delivery Managing a … [Read more...]
The 7 Principles of PRINCE2
PRINCE2's principles are guiding doctrines which must be followed by all projects. They are like a project constitution of sorts. All projects must abide by these philosophies. The seven principles are: Continued Business Justification Learn from Experience Defined Roles and Responsibilities Manage by Stages Manage by Exception Focus on … [Read more...]
Contingencies vs. Management Reserves
One of the most confusing aspects of Project Management is the concept of Contingencies and Management Reserves. When are they used? What are they used for? And how are they applied? In this article I will lift the veil. Contingencies Contingencies are amounts placed in the project estimate to account for "known unknowns." That is, the … [Read more...]
The PMBOK’s Project Scope Management Knowledge Area
Scope management, or rather the lack of it, is one of the biggest reasons for project failure. Correctly defining what is and is not included in the project is absolutely foundational to good project management. I've seen many projects go south even though they had the right expertise, schedule, high quality deliverables, and even satisfied clients. But if the dreaded … [Read more...]
Types of Project Resources
A project manager that fails to allocate project resources is like a carpenter without a hammer. That's why estimating task resources is an integral step in project planning. It also happens to be one of the most fundamental aspects of project management, one of the steps that the project manager utilizes on a day to day basis. Types of Resources Each task on … [Read more...]
Project Risk Management Resources
A project manager is answerable for all the success of the project. He is the one who initiates, plans, designs and executes the project. Also, maintaining, monitoring, controlling and winding up the project after completions all are included in the responsibilities of project manager. Project Managers organize Tasks, Time and Budget. The main responsibility is to keeping … [Read more...]
PMP Prep for Exam Online
Have you thought about taking the PMP exam? Want to get your project management certification? What’s holding you back? Is it time? Is it money? Don’t know where to start? PMP Exam Prep: PMI Registered Education Provider The PMP designation is awarded to qualified individuals by the PMI (Project Management Institute). In order to become a certified project … [Read more...]
Guide to Earned Value Formulas
Earned Value is a method used by project managers to calculate the current project status and predict future project performance. In this post we will outline each earned value formula. Planned Value (PV) Earned Value (EV) Actual Cost (AC) Schedule Variance (SV) Schedule Performance Index (SPI) Cost Variance (CV) Cost Performance Index (CPI) … [Read more...]