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 … Read more
What is 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. Project schedule, baseline schedule, integrated master schedule, … Read more
So, you have spent months on your rigorous preparation for the PMP exam. You have completed all sorts of courses, finished the PMBOK Guide, and have also been through hundreds of mock tests. It sounds like you are all set … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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
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
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