Project Management

PMP Vs PRINCE2 Certification Exams – Which one is better and why?

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We are publishing series of articles on PMP topics to help the PMP exam preparation. There are two primary project management certifications in the market, Project Management Professional (PMP) and PRINCE2. Both the certifications are most popular and most of the professionals are certified on both the certifications. PMP & PRINCE2 are two well-known certifications in the field of Project Management. Both are famous, both have their own uniqueness in one way or the other. No doubt it’s difficult to make a call which one is better than other and which one should be a best choice for a person […]

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Understanding the Risk Breakdown Structure (RBS) for PMP Preparation

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We are publishing series of articles on PMP topics to help the PMP exam preparation. One of the critical and most important concept in preparing for the PMP exam is Risk Breakdown Structure (RBS). In this article we are going to explain you Risk Breakdown Structure (RBS). TRY NOW : 50 PMP Practice Questions Access our 487 mins Self-Study Training (Get 35 contact hours certificate) What is RBS? Risk Breakdown structure (RBS) is a hierarchical representation of risks according to their risk categories. It do have different levels similar to Work Breakdown Structure which makes RBS a very strong tool for

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Top 10 Project Management Certifications in 2017

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Project management is a very complex discipline that is practiced (or not) by most organizations regardless of their employee base. PMI or the Project Management Institute recently released their 2017 Pulse of the Profession and it has shown that project success is steadily growing over the years. Here are some of the takeaways that highlight just how important project managers are: OFFER : Share this article in Linked-In and get 35% discount on purchasing PMP certification training course with 1200+ questions or any other project management certification course, send us a mail to support@whizlabs.com with your linked-in post link)  lang:

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Top 10 Tips to Prepare for the CAPM Certification Exam

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Project Management is not a new field. With the proliferation of IT-centered companies and IT services though, the profession has reached ultimate heights. The CAPM or Certified Associate in Project Management is an entry level certification for those interested in practicing or are just starting out as project managers. If you are keen on passing the exam, here are some tips. If you are looking for guidance on preparing for the CAPM certification exam, also read our another article on how to prepare for the CAPM certification exam?. Please note that, CAPM is for the entry level project managers and

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How To Prepare For CAPM® Certification?

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Certified Associate in Project Management (CAPM)® Certification is one of the very good certification and internationally recognized certification in Project Management which is provided by Project Management Institute (PMI). This certification is for those who have less experience in the project management area or for those who are interested to choose their career path in the project management. It requires you, to have very good knowledge in the inputs, outputs and tools and techniques associated with all the processes related to project management. There are no test dumps available for this exam and you need to acquire the skills in

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How to Prepare for Project Management Professional (PMP) Certification?

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PMP (Project Management Professional) certification is one of the globally recognized certifications in Project Management. Project management certification exam is administered by Project Management Institute (PMI). The exam is conducted throughout the year via Prometric testing centers and one need to follow a specific application process to take this exam. 50 Free Practice Questions for PMP Certification Exam Try Now The project management professional certification exam is different from other exams as it requires Project Management training. One needs to have considerable experience of working in the Project Management Knowledge Areas to apply for this exam. The concept of practicing test dump

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5 Must Read PMP Certification Books in 2017

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Project Managers with PMP certification receives an average of $90,000 annually as their starting package. If you are looking for best PMP books and PMP study guide, here is a list of most efficient and up-to-date study materials which are aligned with the Fifth Edition of the PMBOK Guide and the PMP Exam Content. TRY our free exam on PMP certification Best PMP Books On the basis of content covered, reliability, and up-to-date content for the latest exam format, we have come up with a comprehensive list of top 10 PMP Books. 1. PMBOK Guide Fifth Edition  Anybody preparing for

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Top 7 Reasons to Get PMP Certified

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To be able to work as a project manager, you need to pay careful attention to details, have good hands-on training, and credibility. Said that, planners and managers in project management roles usually find themselves unable to prove themselves beyond their roles as project managers. Therefore, to meet the ever-increasing demand for a predictable, streamlined measure of ensuring the credibility of a project manager, PMP (Project Management Professional) certification was created. What is PMI? PMI (Project Management Institute) is the world’s leading not for profit professional membership association for the portfolio management profession, program, and project. The institute was established

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How to calculate value in value driven delivery

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The methods to calculate value: The value in monetary terms can be calculated using many terms: Simple schemes – rank the requirements from high to low. Present Value: The process of calculating the value today on future amount and can be calculated using the formula PV=FV/(1+i)n where PV = Present value, FV=Future Value, i=interest rate, n=number of periods. Internal rate of return (IRR): It is the discount rate at which the project revenues and project costs are equal. The project with the maximum IRR is selected. MoSCoW prioritization: This is based on the category prioritization where everything falls under any

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DSDM – Principles and approaches abiding the principles

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Dynamic Software Development Method (DSDM) works with 8 principles basically abiding by its philosophy. The ultimate goal is the completed and successful project. Business requirements are the main focus Timely delivery Collaborate High Quality Standards Incremental approach in developing the software Develop iteratively Communicate continuously and clearly Good control on the overall process. DSDM follows the 4 processes to achieve the project objective abiding by its philosophy throughout. Feasibility Foundations Evolutionary developments Including the pre-project and the post project there are totally 6 phases in a project life cycle. Feasibility gives a nod on whether we should continue with the

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