As defined in PMI Certification training, Cost Management is all about defining the necessary budget for executing the project. Its objective is to monitor and control the project costs to match the approved budget. So that’s why life cycle costing and value engineering are two important concepts in cost management. Do you know what is value […]
Category: PMP
6 Items to Include in Cost Management Plan
Cost Management is one of the 10 project management knowledge areas and it involves necessary processes to finish the project within the approved budget. Its aim is described in PMP courses as “to define the necessary budget to execute the project and its aim is to monitor and control the project costs to match the approved […]
4 Main Processes of Cost Management
Cost Management is a really important one among all the project management knowledge areas. There are several activities in a project, several project resources work on project activities and several materials, tool and equipment are used to complete the project scope. All these require a budget to be allocated. Because you need to purchase tools, […]
Schedule Baseline: How to Measure the Timing of Your Project?
In project management monitoring and controlling play a really important role. Because monitoring and controlling activities examine if there are variations from the expected outcomes of the project. And these monitoring and controlling activities are done with the help of project baselines. Schedule baseline is one of the three project baselines. The other two baselines […]
How to Pass PMP in 30 Days – Joffrey’s PMP Story
Joffrey Cheruiyot recently passed the PMP certification exam in 30 days! Joffrey did a PMP exam review with us and shared his tips & tricks for how to pass PMP exam. 1-How long did it take to pass PMP exam? I pushed myself to get ready and pass PMP exam in 30 days. I signed up for […]