Ace the PMP journey with Project Cubicle’s PMP Exam Preparation section. Your guide to success in project management certification. 📚🌐 #PMP #ProjectCubicle
What is Pareto Chart (Pareto Analysis) in Quality Management? There are many tools, techniques, diagrams, and charts are used in quality management to make analysis and improve the process quality. Pareto Chart (also known as Pareto Analysis or Pareto Diagram) is one of the seven basic tools of quality which helps to determine the most … Read more
5s Methodology & Principles in Project Management Organizations often try to change their production system to achieve more work using fewer resources. In order to increase the profit by reducing waste and costs, a business must become more productive than before considering the rapidly changing economic conditions. In other words, in order to improve productivity, … Read more
Common Cause Variation vs Special Cause Variation What are the causes of variation in quality control or what are the types of variation? The term “variation” is widely used in statistics, quality management, genetics, and even in biology. It refers to the measurement for a group of numbers that spread out from their average value. … Read more
Cost-Benefit Analysis Demystified: A Practical Guide to Informed Decision-Making Cost Benefit Analysis (also known as Benefit Cost Analysis) is an important concept in project management. Simply put, it is performed to identify how well, or how poorly, a project will be concluded. It is done by the experts, project teams and project managers for board … Read more
Critical Chain Method (CCM) in Project Management There are lots of project planning methods, tools and techniques available in the field of project time management. The Critical Chain Method is one of them which was introduced by Eliyahu M. Goldratt in his book “Critical Chain” in 1997. Unlike other books and guides written for project … Read more
Arrow Diagramming Method (ADM) in Scheduling Arrow Diagramming Method (ADM) or Activity on Arrow Method (ADM) is a common scheduling technique used in project management like the precedence diagramming method (PDM). Humans are creating work schedules to track their project’s performance since the construction of the pyramids. In the beginning, they use quite simple techniques … Read more
Total Float vs Free Float in Scheduling 2 weeks ago, one of our readers asked how to calculate float time in critical path analysis. Therefore, we decided to write this article. Total Float vs Free Float is one of the most important concepts in PMP Certification training. Basically, TF and FF are two critical path … Read more
Cost-Benefit Analysis Explained: A Practical Guide with Real-Life Examples In today’s economic environment, it is fundamental to use financial tools and techniques to support organizational decision making before you decide to start a new business or make a sweeping change in your current workstream. Organizations across all industries – from construction to the chemical, use … Read more
Precedence Diagram Method (Activity on Node method) The Project Management task becomes more challenging considering today’s large and sophisticated projects. Effective time and cost management become more important than before for the success of any kind of project. Therefore project managers and team members use techniques, methods, and tools to plan and manage project schedules. … Read more
Decoding Project Finances: Understanding Cost Classification – Direct Costs vs. Indirect Costs Cost classification is an important process in budgeting, accounting, and project management. Cost classification and categorization of expenses help project teams to understand what kind of costs will be spent during the life cycle of their project. For example, in a construction project, … Read more
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