The globally-recognized Project Management Professional (PMP) certification from the Project Management Institute (PMI) is the preeminent certification for professionals who handle project management. While it’s not required by all employers, it’s certainly preferred. You can take it at any point in your career, and you don’t need to have “project manager” in your job title. The PMI states that PMP candidates should: Be responsible for all aspects of a project for the life of the project. Lead cross-functional teams to deliver the project. Work within budget, schedule and scope con ..read more

Critical path analysis (CPA) is a project management technique that requires mapping out every key task that is necessary to complete a project. It includes identifying the amount of time necessary to finish each activity and the dependencies of each activity on any others. Also known as the critical path method, CPA is used to set a realistic deadline for a project and to track its progress along the way. Key Takeaways Critical path analysis is a project planning method that focuses on identifying tasks that are dependent on other tasks for their timely completion. Understanding the dep ..read more

Abstract Risk Analysis and Management is a key project management practice to ensure that the least number of surprises occur while your project is underway. While we can never predict the future with certainty, we can apply a simple and streamlined risk management process to predict the uncertainties in the projects and minimize the occurrence or impact of these uncertainties. This improves the chance of successful project completion and reduces the consequences of those risks. This paper presents the structured Risk Management process followed at Nokia Siemens Networks that helps avoid crisi ..read more

In this blog, will show you how to create a Gantt Chart using Excel. Excel doesn’t actually have a default Gantt Chart; therefore, we will modify a bar chart to turn it into a Gantt Chart. Step 1: First, we need to enter project information such as Project name, Duration, Start date and Finish date. See the image below and enter your data exactly as shown in the image. Step 2: Enter the tasks and duration details as shown in the following image. Step 3: Start building the Gantt chart in the right side of the sheet as shown below with appropriate if and and formula into it. Step 4: The top r ..read more

Definition: According to PMI, The Project Management Institute defines project risk in its Project Management Body of Knowledge (PMBOK) as ‘‘an uncertain event or condition that, if it occurs, has a positive or negative effect on at least one project objective, such as time, cost, scope, or quality. A risk may have one or more causes and, if it occurs, one or more impacts.’’ Risks in Construction Projects: Everything that has ever gone wrong on a construction project is a potential risk on the next project. Many project managers instinctively develop a lessons-learned list of historical risks ..read more

A project management dashboard is a data dashboard that displays key performance indicators pertaining to specific projects. A project management dashboard can display metrics for a project’s overall performance and progress, or highlight particular problems that require further attention. This type of dashboard is ideal for individual departments that want to monitor the success of projects and campaigns. This project management dashboard template provides a quick glance at important project information, including a timeline, project financials, risk analysis, open issues, and ..read more

What Is an Organizational Breakdown Structure (OBS)? An organizational breakdown structure is a document that your business can use in conjunction with its workflow schedule and resource breakdown to organize the people who will be working on a particular project. The OBS details who reports to whom, the details of the hierarchy and the reporting structure. Design Organizational breakdown structures are normally communicated visually through the use of graphs or charts. A project or general manager is listed and underneath the PM several divisi ..read more

The Work Breakdown Structure (WBS) is essential for getting a project off the ground. This beginner-friendly guide will help you understand the work breakdown structure and create one on your own. What exactly is a WBS? The Project Management Institute’s (PMI) “A Guide to the Project Management Body of Knowledge (PMBOK Guide)” defines a WBS as a “hierarchical decomposition of the total scope of work to be carried out by the project team to accomplish the project objectives and create the required deliverables”. Note the use of the terms scope, work, and deliverable. PMBOK defines scope as “the ..read more

PRIMAVERA RISK ANALYSIS V 8.7 Primavera Risk Analysis is one of the leading tools for risk assessing your project schedules. Risk Analysis is used to perform schedule validation and embed your own risk models with fully developed risk events. The tools available in Risk Analysis enable you to build a fully risk impacted plan. Delivering a fully risk adjusted schedule enable you to meet the strategic Objective of the Organization. The end result is a more robust schedule with a high probability of success and a confidence level of more than 90%. Oracle Primavera Risk Analysis fully integrates ..read more

Oracle Primavera P6 R 19.12 Basic Modules and Training: In order to begin learning Primavera P6, the basic knowledge of Project management or scheduling is considered as a good practice to acquire the complete output of the software. Anyways you can grab it from PMBOK study material official (PMBOK – A Guide to the Project Management Body of Knowledge – PMI’s flagship publication) from PMI which is an excellent guide to begin with and also from various other study materials available online. This course focuses on establishing realistic schedules and budgets for projects that support business ..read more