Multi dimensional risk analysis for PMP

Here is a multi dimensional risk analysis for the PMP credential from the industry, trainer, PMP aspirant perspectives with an intent to communicate an independent and unbiased view.  Industry related risks  The risk - There is a wide spread rumor about PMP credential as a product, which has reached the end-of-life stage in the product …

PMBOK Definitions #2

Architectural comparison of TCM and PMBOK

Architecture refers 'carefully designed structure of something', and here it is about the Total Cost Management (TCM) framework. As the name suggests, the focus of TCM framework is cost management of projects and the deliverable of projects (assets). There lies the fundamental difference between the Project Management Body of Knowledge (PMBOK) by PMI, USA and …

How to define project goals – 10 questions one should answer

Whether it is about starting a new blog or building a new airport, before starting the project one has to get convinced about the business case and the viability of the project. Projects fail at the beginning, not at the end. Filtering out the best before investment is the key to avoid failures. Before starting …

A risk register for PMP Prep project

Choosing the trainer  Choose the best trainers who can explain the concepts from a practitioner's perspective with real life examples. This will make the training (understanding 756 pages of PMBOK version 6) interesting and easy to recollect. Good trainers can make the preparation easier and interesting. The structure of the training is very important. If …

Estimation of cost using Work breakdown structure (WBS), Delphi and 3 point

Project estimation are of two types. Cost / Effort estimation and project duration estimation. As discussed earlier, work breakdown structures provides us with the breakup of work and at the same time do not provide us with the sequence in which the work has to be performed. Hence work breakdown structures are good enough to …

Congratulations Shashi PMP

Hi Abrachan, Yesterday I took my PMP exam and I cleared it. Thanks a lot for all the support you have provided through out. Your method of teaching made the entire curriculum look easy. I was able to understand every bit of it. The face to face interaction with you makes it more easy.Thank you …

Organizational structures and their impact on stakeholder management

Organizational structures can be broadly classified into; Functional organization Matrix organization Strong matrix Weak matrix Balanced matrix Projectized organization Composite organization Functional organization Most of the manufacturing / service organizations are divided functionally. Each function will have a head, who in turn reports to the CEO. For example an automobile manufacturer will have functions  like; …

Why proper stakeholder identification is a critical success factor for your project?

Anybody who is affected positively or negatively, by doing a project or by delaying a project is a stakeholder. Identifying the key stakeholders upfront helps to capture and manage their expectations proactively. For any given project the direct stakeholders are; Sponsor (customer) of the project Project manager Delivery head Team End users of the product …

Project management – On the job training

I am delighted to announce PM-OJT (on the job) training. We invite individuals and groups to this on the job learning experience. This course is for those who want to really master professional project management as defined by PMI (Project Management Institute, USA)  , and then go for PMP certification.   The participant chooses a real …