Category: PMP STUDY NOTES

Crashing: crashing is a schedule compression technique to shorten the activity duration by adding extra resources (money and/or human resources) involves additional costs as extra resources are needed for overtime extra manpower outsourcing normally to be explored after Fast Tracking Project Manager needs to judge which activities can be “crashed” with the lowest cost for the maximum…

Project Scope: includes all the work required to deliver the required project product, service or results (collectively known as “deliverables”) Project Scope is the about the project (including all the processes described in the PMBOK® Guide) to deliver the product Project Scope involves the requirements of the product as well as the methods/processes involved to deliver the…

Refer to Project Quality Management, Accuracy: a measure of how the measured values close to the target value If the measured values are accurate, they may not be precise as they can be larger or smaller than the target value on a wide range. Precision: a measure of how the measured values close to each other (but…

The baseline is one of the most popular project management terms among project managers. A baseline is used to measure the performance of the project. There are three baselines in project management. These are – Scope baseline: The approved version of a scope statement, work breakdown structure (WBS), and its associated WBS dictionary, which is…

Total Float: Total float is what many of us are aware of, and is commonly referred to as a float. Total float is the amount of time an activity can be delayed without delaying the project completion date. On a critical path, the total float is zero. Total float is often known as the slack.…

The definitions of Quality and Grade are much different. For the PMP® Exam, Quality is much much more important and should not be confused with Grade. In the PMP® Exam, “Quality” and “Grade” are totally different concepts which aspirants should not get confused. Let’s go to the definitions of them. Quality: a measure of how the product conforms…

Project: temporary, unique, aligned with strategic objectives, with a defined outcome (product, service or result) Operation: ongoing, repetitive, vital to sustaining the business According PMBOK® Guide, “Project” and “Operation” are defined differently: Project: A project is a temporary endeavor that is taken to create a unique deliverable (namely: product, service or result). A project must be unique…

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