Search found 103 matches

by cornelius.fichtner
Wed 27 Jul 2011 2:32 pm
Forum: General Project Management
Topic: PMP Exam Tip: Interpersonal Skills a PMP Needs: 2. Team building
Replies: 0
Views: 5741

PMP Exam Tip: Interpersonal Skills a PMP Needs: 2. Team building

(In Appendix G, the PMBOK Guide discusses Interpersonal Skills for the project manager. We are currently reviewing these one by one in our weekly PMP exam tip.) Team building is another essential skill for a good project manager to possess. The nature of a project is that there are people from vario...
by cornelius.fichtner
Thu 21 Jul 2011 11:14 am
Forum: General Project Management
Topic: PMP Exam Tip: Interpersonal Skills a PMP Needs: 1. Leadership
Replies: 0
Views: 5648

PMP Exam Tip: Interpersonal Skills a PMP Needs: 1. Leadership

In the coming weeks, we will be reviewing the 8 interpersonal skills that the PMBOK Guide calls out specifically, which a project manager needs to possess. We begin with leadership. Leadership is one of the important skills that a good project manager must possess. The reason for this is that in man...
by cornelius.fichtner
Wed 13 Jul 2011 2:58 pm
Forum: General Project Management
Topic: PMP Exam Tip: The Project Manager's Essential Interpersonal Skill
Replies: 0
Views: 5951

PMP Exam Tip: The Project Manager's Essential Interpersonal Skill

A successful project manager must have many different types of skills. Those that come to mind immediately are the technical skills that we need to put together a project plan, schedule, budget and all of the necessary documentation. It is also important for us to have the conceptual skills needed t...
by cornelius.fichtner
Wed 06 Jul 2011 2:36 pm
Forum: General Project Management
Topic: PMP Exam Tip: Why do we need a Risk Register?
Replies: 0
Views: 6187

PMP Exam Tip: Why do we need a Risk Register?

A risk register is a critical project document and should not be short changed. Regardless of how well your project is planned and executed, there are always risks associated with it. The key to a successful project is being aware of those risks and documenting them so that if they materialize, they...
by cornelius.fichtner
Thu 30 Jun 2011 4:12 am
Forum: General Project Management
Topic: PMP Exam Tip: Cost of Nonconformance
Replies: 0
Views: 6046

PMP Exam Tip: Cost of Nonconformance

There are two separate components within Cost of Quality (COQ). We looked at the Cost of Conformance in our last tip and this time we’ll focus on the Cost of Nonconformance. The Cost of Conformance is focused on avoiding potential failures and the Cost of Nonconformance is the cost incurred as a res...
by cornelius.fichtner
Wed 22 Jun 2011 11:30 am
Forum: General Project Management
Topic: PMP Exam Tip: Cost of Conformance
Replies: 0
Views: 5955

PMP Exam Tip: Cost of Conformance

There are two separate components within Cost of Quality (COQ) and you must have a complete understanding of both of them for your PMP Exam. One is the Cost of Nonconformance, which is the money (and time) that will be spent due to the failure of a deliverable from your project. The other is the Cos...
by cornelius.fichtner
Wed 15 Jun 2011 11:01 am
Forum: General Project Management
Topic: PMP Exam Tip: Understanding Cost of Quality
Replies: 0
Views: 5973

PMP Exam Tip: Understanding Cost of Quality

The cost of quality (COQ) as it relates to project management is frequently misunderstood. It is a monetary figure but it does not solely relate to how much it will cost to provide a quality product or service through the project as most people initially believe. Instead, COQ is also about the costs...
by cornelius.fichtner
Thu 19 May 2011 12:44 pm
Forum: General Project Management
Topic: PMP Exam Tip: Crashing & Fast Tracking explained...
Replies: 0
Views: 5779

PMP Exam Tip: Crashing & Fast Tracking explained...

Crashing and fast tracking are techniques used in schedule compression. Schedule compression is used when the desired result is to create output faster than indicated in the original project, without having to change the project scope. This is particularly beneficial if a competitor is working on th...
by cornelius.fichtner
Fri 29 Apr 2011 7:37 am
Forum: General Project Management
Topic: PMP Exam Tip: Why do we use a Probability and Impact Matrix?
Replies: 1
Views: 25037

PMP Exam Tip: Why do we use a Probability and Impact Matrix?

The probability and impact matrix sounds very complicated, but the concept is actually something that most people use in their everyday life quite frequently, although in a simpler form. The probability and impact matrix comes into play when the project manager or team members determine that a parti...
by cornelius.fichtner
Wed 13 Apr 2011 2:44 pm
Forum: General Project Management
Topic: PMP Exam Tip: The Schedule Network Diagram Explained
Replies: 0
Views: 6729

PMP Exam Tip: The Schedule Network Diagram Explained

The preparation for your PMP Exam must include a thorough understanding of the concept of a schedule network diagram. This must include all of it’s subcomponents as well. Here are some important definitions: Project Schedule Network Diagram: This is a broad term used to encompass elements of the pro...