Performing a SWOT Analysis in 5 Steps
A SWOT Analysis is a tool that achieves competitive advantage by comparing your strengths to your competitor's weaknesses, and analyzing the opportunities and threats that are present. Whether in corporate strategy, project management, or your personal life, making the decisions between various options that each have their own pros and cons....
The 3 Project Management Organizations
There are three project management organizations that define the profession of project management: Project Management Institute (PMI) International Project Management Association (IPMA) Axelos Project Management Institute Based in the United States, the Project Management Institute is seen by some as the main official source for project management standards, certification, and promotion....
How to Draw a PERT Chart
The Program Evaluation and Review Technique (PERT) is an important step in project scheduling. A PERT chart is a tool used to plan the execution of tasks within a project. PERT charts are a central part of any project management course. They are quick to draw and intuitive to use.....
Quality Assurance vs. Quality Control
Many people are confused by the difference between these two terms, even experienced professionals. Trust me, the boundaries between them are sometimes grey. However, there is a difference. And once you realize it, you'll be amazed at how obvious it is. Objective They have different objectives. Quality Assurance (QA) focuses on....
Planning for Project Quality
Project quality is a unique aspect of project management, in that it lurks in behind the scenes. Time and money (budget) are usually the biggest factors in project success, but inadequate focus on quality can sneak up and trip up a project at least as much as those two factors.....
Project Quality Management According to the PMBOK
Project Quality Management is the 5th knowledge area within the Project Management Body of Knowledge (PMBOK). It contains the knowledge and processes required to ensure the highest quality products and deliverables are produced by the project. Although the highest quality should always be a goal, the highest grade is not....
All You Need to Know About IPMA Level D Certification
The IPMA level D designation is an entry level project management certification issued by the International Project Management Association (IPMA) through member associations in each country. The nickname for level D certification is 'Certified Project Management Associate.' There are about 175,000 certifications worldwide in level D, the lowest of the....
All You Need to Know About CAPM Certification
The Certified Associate in Project Management (CAPM) certification is issued by the Project Management Institute (PMI) based in the United States. PMI is considered the leading project management certifying organization in the world. The PMI issues two project management certifications, of which the CAPM is the lower. The other, main,....
Project Cost Management According to the PMBOK
Poor project cost management is one of the easiest ways to make a project go awry. Hence, good project management requires a firm grasp on the concepts and techniques in project budgeting and cost control. Thankfully, the Project Management Body of Knowledge (PMBOK) gives us a strong foundation in this....
Estimate at Completion (Earned Value Analysis)
In earned value analysis, the Estimate At Completion, usually abbreviated EAC, is the estimate of the final project cost given the past performance of the project. Thus, it allows the project manager to see what the final project cost estimate is. The EAC is one of four calculations in the Earned....
