Hi Guys!
There is an interesting information for aspiring PMP candidates.

Many businesses and organizations undertake projects to improve their service provision or to achieve an organizational objective. The need for project managers is therefore rising to cater for the growth rate in these organizations. Project Management Professional (PMP) examinations are provided for the relevant qualifications in terms of managerial skills. To achieve this, the issuing institution gives you the syllabus which you will have to acquaint yourself with before sitting for their examination. The PMP certification is a chance to develop your career in the field of management. With the modules offered in the package, you can develop your career progressively to a higher level of merit. Read On…

Hey Guys! you will appreciate my efforts. Look what I have brought:

10 Goals for Advanced Project Management Training

Excerpts

Professional project managers seeking certifications often discover that there remains so much more to learn about the subject. Some managers bank on the power of actual experience to strengthen their know-how; however there is something that the knowledge of structured approaches offers that mere hands-on experience can’t. Given the many learning opportunities available, how can program and project managers choose the right path that will further improve their skills? Read more…

Happy Learning!

Hi Guys!

Here is today’s link/post for PMP aspirants:

PMP project management: An investigation

Excerpts

Managers will need more than communication skills if they want to successfully manage people and budget while also keeping budget under control. Because of this people are increasingly looking for training opportunities and PMP (Project Management Professional) serves this purpose well. The Project Management Institute has awarded over fifty-three thousand professionals this certificate. Read more…

Thanks and Happy learning!

Hi Guys!

Know I have started enjoying this searching work of good and effective article links for PMP aspirants. Hey guys don’t take it lightly, it takes lots of efforts in finding one relevant link. You see Googling is not that easy now a days. Anyways…

Here is the one for today:

Rise up to Project Management Challenges with PMP Certifications

This is a nice article written by JennyFranklin, please have a look.

Happy Learning!

Hi Guys!

This is second link of the Six Link series. Please have a look:

What You Need to Know About PMP Project Management

A small but an effective article. Its a 250 words article written by Robert Bellarmine. His other article, The importance of Project management Seminar, is also a masterpeice. Please have a look.

Thanks and Happy Learning!

Hi Guys!

In this week I will be posting some really effective links related to Management.

Only one link/post per day.

So todays link:

Manage an Effective Time Table for PMP Preparation

Very effective article for PMP aspirants from the admin of Business Tips and Tricks site.

Cheers & Happy Learning!

Critical Path

A critical path is the sequence of project activities, which add up to the longest overall duration. This determines the shortest time possible to complete the project. Any delay of an activity on the critical path directly impacts the planned project completion date (i.e. there is no float on the critical path). A project can have several, parallel, near critical paths. An additional parallel path through the network with the total durations shorter than the critical path is called a sub-critical or non-critical path.
These results allow managers to prioritize activities for the effective management of project completion, and to shorten the planned critical path of a project by pruning critical path activities, by “fast tracking” (i.e., performing more activities in parallel), and/or by “crashing the critical path” (i.e., shortening the durations of critical path activities by adding resources).

Resource Histogram

Resource histogram is a bar chart showing the amount of time that a resource is scheduled to work over a series of time periods. It shows the resource requirements by time period.

Resource histograms are handy tools for the project management team, as they allow a quick and easy single page view of exactly what resources are available, what resources are being utilized at the present time, and how long those resources are expected to be tied up.

EAC

An estimate at completion (EAC) is a forecast of the most likely total value based on project performance and risk quantification. EAC is the projected or anticipated total final value for a schedule activity, WBS component, or project when the defined work of the project is completed. In a simple language, it is a formula that predicts how much the project is likely to cost. It is based on the cost performance index (CPI) and how much was the originally predicted cost to complete the project.

Lessons Learned Documentation

Lessons learned documentation is prepared to contribute to the lessons learned knowledge database of the organization. It includes the causes of issues, the reasoning behind the corrective action chosen, and other types of lessons learned about stakeholder management. Lessons learned are documented so that they become part of the historical database for the project/program and the performing organization. The lessons learned are compiled, formalized, and stored through out the project’s/program’s duration.

Contract

Contract is an agreement that mutually binds the seller (to provide the specified product or service or result) and the buyer (to pay for it). A contract is an exchange of promises between two or more parties to do an act, which is enforceable in a court of law. It is a binding legal agreement. It is an agreement creating and defining the obligations between two or more parties.

PMO

The Project Management Office (PMO) in a business or professional enterprise is the department or group that defines and maintains the standards of process, generally related to project management, within the organization. The PMO strives to standardize and introduce economies of repetition in the execution of projects. The PMO is the source of documentation, guidance, and metrics on the practice of project management and execution. PMO tasks include following up a project until its completion and reporting to the top management in a strategic purpose.

Communcation Channels

Communication channels are paths of communication with stakeholders in a project or program. The number of communication channels shows the complexity of a project’s communication and can be derived through the formula shown below:

Total Number of Communication Channels = n (n-1)/2

where, n is the number of stakeholders. Hence, a project having five stakeholders will have ten communication channels.

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) and informal (memos, ad hoc conversations)
• Vertical (up and down the organization) and horizontal (with peers)

Communication is the most important skill that a project manager must posses. It is the single most important characteristics of a top-class project manager. Project managers must communicate well in order to integrate and maximize the performance of team members. Oral and written communications are the backbone of every successful project. During different phases of a project, a project manager requires to communicate through different manners (for example, documentation, meeting updates, etc.) and he must ensure that the information communicated is explicit, clear, and complete.

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 initiating through closing, and can include both manual and automated systems. It is the parent of the change control process. It is a system that includes all of the change control processes for scope, time, cost, and procurement. Configuration management is part of the PMIS.