PMP Exam Changes 26-Mar-2018

The PMP Exam is changing… yet again. It changes every 4-5 years, as the practice of Project Management matures and evolves along with the changing times. At the moment, the PMP Exam is based primarily on the information in the PMBOK Guide, Fifth Edition, which came into effect in September 2013. The next official release … Read more

Difference between Fixed Cost and Direct Cost

Difference Between Fixed Cost & DIrect Cost For PMP Exam

Several PMP exam questions focus on the difference between Fixed Cost, Direct Cost, Indirect Cost & Variable Cost. These questions come from Cost Management knowledge area, but are also covered in Scope Management and Procurement Management. Unfortunately the PMBOK Guide does not provide any detailed information on these cost types and their definitions. Thus, most … Read more

How To Define Scope of Your Project?

Define Scope is one of the 47 process defined in the PMBOK Guide, Fifth Edition, by PMI. It belongs to the Scope Management knowledge area, and the Planning process group. Define Scope is focused on  getting a clear understanding of the project scope, and clarifying on what exactly will be delivered at the end of … Read more

3 Point Estimate: Triangular Distribution vs Beta Distribution (PERT)

PMP aspirants often come across the 3 Point Estimate when studying for the PMP exam for the first time. There are 2 different formulas for the 3 Point Estimate, and it is generally not clear to most project managers as to which one to use, and when, or why. I have written about the 3 … Read more