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
Risk is an uncertain event or condition which has impacts the project objectives in case of its occurrence. This impact may be positive or negative. Basically, risk is an unforeseen event which may or may not happen, but you must … Read more
Have you ever heard contingency budget in project management? Actually, Contingency Reserve vs Management Reserve is an important topic for the PMP Certification exam. You may encounter some questions related to the reserves. Calculating reserve is a part of a … Read more
The critical path method (CPM) is a fundamental concept in project planning and management. It is a useful technique used for scheduling project activities like PERT method. The critical path of a schedule demonstrates the activities that can not be … Read more
Fast Tracking and Crashing are schedule compression techniques which are applied during develop schedule process to shorten an already developed schedule. The purpose of using schedule compression techniques is to try to compress the schedule (shorten the project duration) without … Read more
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