Whether your organization undertakes a small project or managing a large one, it’s important for you to know that a project cannot be completed without proper and complete arrangements. Because every project tells a story regarding its goals, team members, … Read more
Risk Appetite vs Risk Tolerance vs Risk Threshold is one of the most popular articles on projectcubicle.com. Risk Appetite is a tendency towards risks, Risk Tolerance is an acceptable variance, and Risk Threshold is a quantified limit beyond which you … Read more
If you are going to take the PMP Exam, you should know the topic of project coordinator vs expeditor well. Most of the projects involve several working groups that must be managed to meet schedule, communication, transportation, logistics, and cost … Read more
A risk defined as an unforeseen event that may have positive or negative effects on the project’s objectives in case of its occurrence. Since the risks have either positive or negative impacts, they can be grouped into two major categories. … Read more
How to write a project charter step by step? or Who creates the project charter? If you are preparing for the PMP certification exam, most probably you have encountered these questions several times. Project Charter is one of the most … Read more
Project Management, Program Management, and Portfolio Management are very important terms in project scope management. Although they sound similar, they refer to different concepts. Many PMP aspirants don’t know the differences between them. Knowing these concepts and understanding their differences … Read more
The difference between total float versus free float matters more in practice than most scheduling guides suggest. A contractor I worked with on a motorway maintenance programme — it was an NEC3 contract, roughly £8m, around 140 activities in the P6 schedule … Read more
I failed a practice PMP question on close procurement vs close project the first time I saw it. Not because I hadn’t read the material — I had — but because the question was asking about sequencing and I’d been … Read more
Most project teams document their assumptions and constraints at initiation and then forget about them. The assumption log gets created, added to the project charter, reviewed by nobody, and filed. The constraints section lists the obvious ones — budget, schedule, … Read more
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