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Category Archives: PgMP
What are Communication Skills?
Communication Skills Communications skills are part of general management skills and are used to exchange information. Communication has many dimensions: Written and oral, listening, and speaking Internal (within the project) and external (customer, the media, the public) Formal (reports, briefings) … Continue reading
What is PMIS?
PMIS The Project Management Information System (PMIS) is an information system consisting of the tools and techniques used to gather, integrate, and disseminate the outputs of project management processes. It is used to support all aspects of the project from … Continue reading
What is CAP?
CAP The Control Account Plan (CAP) is a plan for all the work and effort to be performed in a control account. Each CAP has a definitive statement of work, schedule, and time-phased budget. All those decision packages, which exist … Continue reading
What is Crashing?
Crashing Crashing is a schedule compression technique to obtain the greatest amount of compression for the least incremental cost. Crashing works for activities where additional resources will shorten the duration. Approving overtime, bringing in additional resources, paying to expedite delivery … Continue reading
What is SWOT Analysis?
SWOT Analysis SWOT analysis is a strategic planning method used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture. It involves specifying the objective of the business venture or project and identifying … Continue reading
What is Procurement Auditing?
Procurement Auditing Procurement auditing is a structured review of the procurement process that is originated at the Plan Procurements process. The procurement audit is performed to identify successes and failures that warrant recognition in the preparation or administration of other … Continue reading
What is Influencing Skill?
Influencing Skill Influencing is one of the interpersonal skills required by a project manager. It is a strategy of sharing power and relying on interpersonal skills to get others to cooperate towards common goals. PMBOK, 4th Edition, provides the following … Continue reading
What is Cost Plus Fixed Fee Contract (CPFF)?
Cost Plus Fixed Fee Contract The Cost Plus Fixed Fee Contract (CPFF) contract is a type of contract where seller receives a fixed fee payment calculated as a percentage of the initial estimated project costs. Fee is paid only for … Continue reading
What is Acquisition?
Acquisition Acquisition is a process adopted in project management in certain conditions when the performing organization lacks the in-house staff needed to complete a project. In such conditions, the required services may be acquired from outside sources by hiring individual … Continue reading
What are Control Charts?
Control Charts Control charts are graphical representation of different processes. These charts contain the maximum and minimum values allowed. Control charts are used to determine whether or not a process is stable or has predictable performance. A process is considered … Continue reading