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Project and Process Tailoring for the PMP Exam |
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Tailoring in project management can happen at any time and for any process being applied to a project. Organizations often have a project methodology in place and may realize that this methodology needs to allow for adjustments to best manage a variety of projects. As a project manager you cannot blindly follow a methodology, you need to know how to assess a project to determine what processes will need to be adjusted in order to
achieve a successful outcome for your project.
Here we are going to look at a very high level method for process tailoring. This four step method includes: evaluating existing processes, assessing the project, documenting the tailoring process, and re-evaluating... Read More...
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UNTIL TODAY ONLY! January 31, 2016 Use discount code Jan16 when you check out!
PMP Exam Tip: Crashing & Fast Tracking Explained |
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. Schedule compression is particularly beneficial if a competitor is working on the same type of project and you need to finish ahead of your competitor. It may also be a company decision to complete a project more quickly than originally scheduled based on
various factors.
Two examples of techniques used for Schedule Compression are crashing or fast tracking. You should be familiar with these two techniques for the PMP exam.
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PMP Exam ITTO Memory Jogger |
The Memory Jogger explains what ITTOs are and why they are SO important for the PMP Exam. It explains techniques for memorizing ITTOs and also looks at techniques to study ITTOs from a conceptual perspective. And it even includes an exercise that allows you to determine if you are more suited for ITTO memorization, ITTO conceptual study or a combination thereof...
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Buy it on Smashwords for $4.99! |
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You are the project manager for a large telecommunications project in a country which has an unstable economy. You cannot use common financial techniques to predict the future costs of materials but you are required to provide an estimate for each work package now so that the budget can be developed and approved. What technique can you rely on to help you in this
situation?
A. Expert Judgment
B. Reserve Analysis
C. Parametric Estimating
D. Analogous Estimating
HINT: You have not executed any projects in this country before and you have no idea what future project costs may be.
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Get the answer here! |
Featured PMP Exam Lessons Learned from Praveen Chandra, PMP |
Lessons learned on becoming a PMP shared to us by PM PrepCast student Praveen Chandra, PMP. "First of all, I would like to start with a BIG THANK YOU to the PM PrepCast for providing me the
confidence with the podcast videos and making me prepare enough to enable me to pass the exam on my first try. I appeared for the exam on 18th December 2015 and given the fact that exam is changing in January 2016, I didn't really have a choice for a second try. Here is my way and how I went about preparing for it. (It will be probably a long post so if you care please read on...)"
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PMP Coaching Webinar with Dan Ryan, PMP |
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Join Dan Ryan, PMP as he introduces you to not only the basics of the PMP exam but also gives you an outline of how to study for the exam in 60 days (or less) without breaking the bank.
Watch it here!
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For more PMP Exam tips and tricks, sample Q & A's and more, join us on Pinterest! |
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