Search found 103 matches

by cornelius.fichtner
Thu 17 Mar 2011 5:54 am
Forum: General Project Management
Topic: PMP Exam Tip: What is the difference between Workaround and Contingency Plans
Replies: 0
Views: 4762

PMP Exam Tip: What is the difference between Workaround and Contingency Plans

Although many people use the terms “contingency plan” interchangeably with “workaround”, they are not the same. The difference between the two terms is related to whether the problems being handled were identified ahead of time or not. Contingency plans are made based on potential risks that are ide...
by cornelius.fichtner
Mon 24 Jan 2011 2:08 pm
Forum: General Project Management
Topic: PMP Exam Tip: What is the To-Complete-Performance-Index (TCPI)
Replies: 0
Views: 5049

PMP Exam Tip: What is the To-Complete-Performance-Index (TCPI)

The To-Complete-Performance-Index (TCPI) allows a projection of the anticipated performance required to achieve a goal. As a simple example: You are driving in your car to a friends house. You promised that you would arrive at 3pm. It is now 2:15pm and you have 30 miles to go. Your TCPI is the speed...
by cornelius.fichtner
Tue 04 Jan 2011 9:41 am
Forum: General Project Management
Topic: PMP Exam Tip: The Responsibility Assignment Matrix (RAM)
Replies: 1
Views: 5811

PMP Exam Tip: The Responsibility Assignment Matrix (RAM)

A Responsibility Assignment Matrix (RAM), also known as RACI matrix or Linear Responsibility Chart (LRC), describes the participation by various roles in completing tasks or deliverables for a project or business process. It is especially useful in clarifying roles and responsibilities in cross-func...
by cornelius.fichtner
Thu 30 Dec 2010 3:16 pm
Forum: General Project Management
Topic: Effective Meetings for Project Managers is now on YouTube
Replies: 0
Views: 4489

Effective Meetings for Project Managers is now on YouTube

Hi All, This video entitled Effective Meetings for Project Managers with Steve Kaye as the presenter, discusses the third question that your CEO is going to ask you after you have explained to him how does the meeting you are holding going to make money for the business. Now, his question will be &q...
by cornelius.fichtner
Tue 28 Dec 2010 9:31 am
Forum: General Project Management
Topic: PMP Exam Tip: The Work Breakdown Structure (WBS)
Replies: 0
Views: 5347

PMP Exam Tip: The Work Breakdown Structure (WBS)

A work breakdown structure (WBS) in project management and systems engineering, is a tool used to define and group a project's discrete work packages in a way that helps organize and define the total work scope of the project. A work breakdown structure element may be a product, data, a service, or ...
by cornelius.fichtner
Thu 09 Dec 2010 7:08 am
Forum: General Project Management
Topic: PMP Exam Tip - Use the PMBOK Guides's approach
Replies: 0
Views: 5610

PMP Exam Tip - Use the PMBOK Guides's approach

There is a bit of a disconnect that PMP Exam takers report as they are preparing for the exam. Because you must be an experienced project manager to take the exam, you bring years of experience in managing projects and using tools & techniques with you. Often, these are based on company internal...
by cornelius.fichtner
Tue 07 Dec 2010 1:11 am
Forum: General Project Management
Topic: The 7 Things You Need to Pass The PMP Exam
Replies: 0
Views: 5966

The 7 Things You Need to Pass The PMP Exam

The Project Management Institute (PMI) has developed a set of criteria and credentials for recognizing Project Management Professionals (PMPs) worldwide. The credentialing process is fairly rigorous, including: three to five documented years of work experience in project management, 35 hours of proj...
by cornelius.fichtner
Wed 01 Dec 2010 12:23 am
Forum: General Project Management
Topic: Consider waiting if you fail your PMP Exam twice
Replies: 0
Views: 5908

Consider waiting if you fail your PMP Exam twice

OK, I really hope that you will NEVER have to make use of this week's PMP Exam tip: If you fail your PMP Exam twice, then consider waiting a bit instead of taking it for a third time right away. Here's why: Once your PMP Exam application is approved you are given one year and three attempts to pass....
by cornelius.fichtner
Mon 22 Nov 2010 12:32 am
Forum: General Project Management
Topic: Taking Sample Exams Helps Your Prepare for the PMP Exam
Replies: 0
Views: 5390

Taking Sample Exams Helps Your Prepare for the PMP Exam

One of the most important activities for your PMP Exam Prep is to take mock exams. Be sure that you do this only after reading the PMBOK® Guide at least once. Also remember that failing mock quizzes does not mean you will fail the PMP exam. Online sample exams should be used as a progress indicator ...
by cornelius.fichtner
Thu 04 Nov 2010 5:02 am
Forum: General Project Management
Topic: 5 Reasons NOT to Take a PMP Exam Boot Camp
Replies: 0
Views: 6204

5 Reasons NOT to Take a PMP Exam Boot Camp

Often touted as “ideal targeted training” for the Project Management Professional (PMP) exam, many people find PMP boot camps are an attractive option for exam preparation. While boot camps are designed to deliver noticeable results with a high-output of effort in a short period of time, the drawbac...