Estimate to Complete (ETC) Definition & Examples – projectcubicle

Estimate to Complete

Estimate to Complete (ETC) Definition & Examples Project managers often wonder how much money they will spend to complete the remaining project works. If the remaining direct costs and indirect costs of the works are more than estimated, clients, funders, and stakeholders will be unhappy and they will start to question the project’s success. It … Read more

Master Schedule vs Milestone Schedule: What is Milestone Planning?

Master Schedule vs Milestone Schedule infographic

Master Schedule vs Milestone Schedule: What is Milestone Planning? In this article, we will analyze the following concept: Master Schedule vs Milestone Schedule. Project teams create work schedules in order to understand what work will be completed in which period. For that purpose, they create various types of schedules that serve different purposes. Project schedule, … Read more

8 PMP Exam Preparation Tips: Crack the Exam! – projectcubicle

PMP Exam Preparation Tips infographic

8 Killer Tips for PMP Exam Preparation Exams are part of our lives. Everybody knows that preparation for an exam necessitates a number of specific critical processes. Getting the PMP Certification does not only requires huge effort but also time and strenuousness because it tests both knowledge and experience in project management. Therefore most of … Read more

Difference Between Project Proposal and Project Charter – projectcubicle

project proposal vs project charter

Project Proposal vs Project Charter Project Proposal and Project Charter are two different documents and their purposes are different as well. Both proposal and charter are crucial project documents that outline very different concepts within a project. However, many PMP aspirants mix up them because they sound quite similar. In this article, we will talk … Read more

Project Scope Management : A Short Guide – projectcubicle

project scope statement and the importance of project scope management processes and techniques in project management infographic

Project Scope Management: A Short Guide The objective of Project Scope Statement is to define and manage the project’s deliverables correctly. Scope management methods and techniques guide project managers to specify and perform the activities to complete the project. Determining the borders of the work is vital for calculating the number of resources required for … Read more

Stakeholder Management in Project Management – projectcubicle

Internal External Stakeholder Management in Construction and Project Management infographic

Stakeholder Management in Project Management Almost all projects are subject to external influences. Even if everything is clearly defined, all the deliverables are detailed, a project can never exist in isolation. Typically, projects are surrounded by people, organizations, internal and external shareholders who have a particular interest in the outcome of the project. When the … Read more

Project Plan vs Project Management Plan – projectcubicle

Project Plan vs Project Management Plan

Project Plan vs Project Management Plan 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, deadlines, and deliverables. Systematical and precise planning makes it … Read more

Risk Appetite vs Risk Tolerance vs Risk Threshold – projectcubicle

Risk Appetite vs Risk Tolerance vs Risk Threshold

Risk Appetite vs Risk Tolerance vs Risk Threshold 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 will not accept the risk. These terms … Read more

Risk Response Strategies for Positive Risks – projectcubicle

Risk Response Strategies for Positive Risks

Risk Response Strategies for Positive Risks 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. As the name suggests, positive risks have positive impacts … Read more