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Agile Project Management Agile Project Management lets you produce minor deliveries i.e shippable functionality in an efficient and competent way in every iteration. It’s an ideal choice for teams who are working in product development, software design, corporate analys is …
What is Procurement, Purchasing, Types of Contract and the Risk Factors Involved Questions like what is the difference between Procurement or Purchasing, Agreement or Contract, how to select the Procurement Contract, who carries the risk in which kind of Contract …
Many Project Managers use the terms Hammock activity and Summary activity interchangeably. I do agree that largely they have the same function on the project, but objectives are different for adding a summary and hammock activity. So before going into …
Dangling Activities Dangles are loosely-tied activities in the project schedules which means that they don’t have defined start or end dates. Project Schedule with Dangle or Dangling activities is not a close diagram and have open loops which make it’s …
Control Quality, Validate Scope and Quality Assurance are three terminologies which keep bugging every new PMP Aspirant. In the following article, I tried to make the two terms clear and then you might want to read the other one to …
The following write up explains the difference between the Quality Assurance and the control Quality. Quality is the degree to which a set of inherent (existing) characteristics fulfils requirements. ISO 9000 Quality Assurance A set of activities that ensure quality …
Free Float The amount of duration in which the scheduled activity can be deferred without postponing the subsequent scheduled activities. In project management, free float refers to the duration that spans from the finishing point of a scheduled activity while …
Budget and Cost Estimates are two terminologies that even senior project managers use them interchangeably all the time. Well! one may say that these are the opposite side of the same coin. Estimate – To produce a statement of the approximate cost of (Merriam-Webster …
Residual Risk and Secondary Risk The PMBOK® Guide ver 6 defines risk as “An uncertain event or condition that, if it occurs, has a positive or negative effect upon at least one project objective.” Residual Risks The risks that might …