The PMBoK® Guide – one cannot know anything but the PMBoK® when preparing for the PMP exam. It is an important learning resource, an influential document, and an extensive guide to the collection of standards, procedures, best practices in planning and executing projects successfully. PMBOK® Guide 7th Edition PMI announced the release of the PMBoK® Guide 7th edition in August 2021, after its initial exposure draft in January 2020 for the review of the project management community. Top 20 FAQ – PMBoK® Guide – Seventh Edition 1.What is the objective behind coming up with new PMBoK ® Guide (Seventh edition)? The technological developments and associated market demand have almost forced…
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Key Changes to PMP Examination from January 02/2021
The PMI® obliges to its responsibility of creating Project Managers who stay ahead of the time and thus conducts a thorough research every 3-5 years to understand the changing aspects of the project management profession and evolving responsibilities of the next-gen project managers. As a result of one such research, a new PMP Examination Content Outline was publicized in June 2019 and based on that, the new PMP exam format will be applicable w.e.f. 2nd January 2021. Some vital changes are coming to the PMP certification examination, scheduled from 2nd Jan 2021. The content and structure of the exam will be majorly revamped. As described in the new PMP exam…
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A Complete Understanding of Data Science, AI, Machine Learning, & Deep Learning
You must have heard about these terms Data Science, Machine Learning, Artificial Intelligence, Neural Networks, Deep Learning, and many more. But what do these terminologies really mean? And for what reason would it be a good idea for you to think about any of these? Raise your hand if you’ve been trapped in the dilemma of distinguishing between Data Science, Machine Learning, Artificial Intelligence, and Deep Learning. Bring down your hand, pal, we don’t want to see it (smirk). Apparently, the three buzzwords are normally used conversely and do not really allude to similar things. So, in this article, I’m trying to answer all these questions to the best of…
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Emerging trends in Project Management by Nitin Shende (Sprint one)
We are cognizant that the strength of the ‘waterfall model’, the traditional Project Management approach is based on Scope, Schedule and Cost baselines defined to a good extent. Milestones, phase exit criteria, go-no-go decision and associated deliverables are defined which increases the probability of meeting stakeholder needs. At the same time, there are some drawbacks like ‘limited interaction with end-users (initial stage & deliverable stage), difficult to manage changing requirements of end-users and phase-based dependency on skilled resources’, etc. Projects having “unclear, inexplicit scope, constraints over resource availability and aggressive schedules, etc.” were on the rise which resulted in elevating the risks about product or services putting in practice. In…
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PMP® VS PRINCE2®: A COMBAT OF CERTIFICATIONS
Would you like to take your Project Management profession to another level? Are you wondering about which certification to pick among PRINCE2® and PMP®? If you are in the Project Management discipline or have always dreamt of plunging yourself in this succeeding field, you have most likely pondered about what steps you are supposed to make to acquire these certifications to propel your career. Recognized as the most significant industry-perceived certificate for project managers, PRINCE2® 2017 certificate focuses upon customizing the strategy according to the needs and wants of the associations and Project Management conditions. Whereas PMP® certificate emphasizes on boosting the earning capacity of a person while profiting the…
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Roles and Responsibilities of a Project Manager
Right from the beginning, you must have heard the buzzword ‘project’ everywhere at your workplace. Do you know what a project is? A project is a task or a set of multiple tasks that exist to be completed in the given period in order to meet specific goals. You cannot complete this task alone. You need someone to assist you. A particular project needs a specialized Project Manager. We need some people to execute the job. And here, we need a project manager and a team to complete a task. Projects exist in every industry including design, development, IT, Telecom, etc. and they all come with one similar goal –…
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What is Project Management?
Growing Necessity of project management- Definition and importance Undoubtedly, project management is one of the complex fields of work with which you can never get bored. Project management gets properly defined as the discipline, which includes “initialization, planning, execution, and controlling” the project towards the achievement of a specific goal. The desired goals could be the production or the development of unique services, products, or some other metric improvements. Activities get conducted with skill sets, various tools, methodologies, knowledge, and techniques with the help of project management. Importance of project management The main goal of project management is to ensure that the objectives of the project are achieved within the…
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Strategic Difference between DMAIC and DMADV
The two most commonly used Six Sigma methodologies are DMAIC and DMADV. Both methods are designed to make the business process more efficient and effective. Although both methodologies share some important features, they are not interchangeable and are designed for use in different business processes. Unless your teammates understand the purpose of using Six Sigma strategies, Six Sigma Principles implementing those into their team’s efforts would not be possible. Before comparing these two approaches in more detail, let’s review the meaning of the acronyms. * dmaic full form: Define, Measure, Analyze, Improve, Control * dmadv full form: Define, Measure, Analyze, Design, Verify DMAIC and DMADV have several similarities that are…
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Difference between Agile Coach and Scrum Master Explained
It is true that a Scrum Master and an Agile Coach do similar things, however, at different levels. We are not saying that a Scrum Master cannot be that vehicle that the organization needs to have an agile transformation; it is just that it must simply be trained with technical skills in the different agile methodologies and human abilities to be able to be. For this reason, agile coaches have a broader mandate, since they not only train teams in charge of the operational areas of the organization but also because they must train managers and leave disruptive thoughts to what they have worked in their entire lives. What is…
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What is Agile Project Management & its process?
Agile Project Management is a set of methodologies for the development of projects that require special speed and flexibility in the process. In many cases, they are projects related to software development or the internet world. So if you want to get detail about what’s agile project management read below article: In constantly changing sectors, organizations need to develop their services quickly to be highly competitive, and this is not an easy task. Many times it is necessary to test the different functionalities of the service on the fly and measure whether it is working or not to end up offering a final solution. If we use traditional methodologies in…
