Have you ever wondered about the PMI Audit? What is it all about? When and why it’s done? How audits happens? Many applicants for PMI certification exams have these questions in addition to other related questions about the PMI audit. So we have prepared this article to provide you with relevant information and answers to […]
What Are The 4 WBS Levels and The Relationship Between Them?
Work Breakdown Structure is the foundation of the project as seen in the project management professional certification training. WBS has many benefits that will ease project team’s work during the project life cycle. It helps to better manage, estimate, coordinate and monitor the project. But how is this achieved? WBS Project Management subdivides project deliverables and […]
ITIL Financial Management for IT services: Is Finance Part of Your Service Strategy?
The Service Strategy stage of the ITIL lifecycle for services is the stage where IT strategies are aligned with business strategies. Risks are determined, ITIL demand management processes are performed, the service portfolio is reviewed and finally ITIL financial management processes are followed. The ITIL Service Strategy and all the other stages of the ITIL […]
5 Stages of ITIL Lifecycle for Services | New ITIL Lifecycle Structure
IT services have lifecycles just like processes and products. In the best practices of ITIL service management, service lifecycles are defined to describe the process of how services are initiated and maintained. Without these ITIL lifecycles, services can not be implemented and managed with optimal efficiency and efficacy. It is important to adhere to the […]
Why the Binomial Distribution is Useful for Six Sigma Projects
The Lean Six Sigma approach is fundamentally data-driven. It relies heavily on statistics to solve real-world problems, especially in the Measure phase and Analyze phases of the DMAIC process. One of the problems that practitioners who have successfully completed Lean Six Sigma Green Belt training face, is determining the probability of defectives resulting from a process. […]