Monthly Archives: March 2016

Measuring Financial Value

A project manager should be aware of the various techniques and approaches to determine the financial value of a project.  Usually during the concept and initiation stage of a project, best efforts are undertaken to estimate the costs of a … Continue reading

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Maslow’s Hierarchy

To be an effective project manager requires an understanding and a proficiency in people skills (also known as “soft skills”).  The PMP® exam will test your understanding of people skills and associated management theories.  Maslow’s hierarchy is one of them. … Continue reading

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Conflict Management Resolution

Types of Conflict Management Resolution Almost every project introduces conflict of various sorts.  Conflicts can occur due to resource issues, schedule issues, budget issues, and scope disagreements just to name a few.  The project manager must know how to deal … Continue reading

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Types of Power

Types of Power While the PMBOK® does not provide a specific definition of power, it alludes to power as a level of authority.  From a project manager perspective, power is the authority and ability to get things done.    Knowing the … Continue reading

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Projects, Programs and Portfolios

Project vs. Program vs. Portfolio A project is a temporary effort (has a specific beginning and an end) undertaken to achieve a specific product, service or result.  A project may be part of a program or portfolio but a program … Continue reading

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Stakeholders

Stakeholders Defined In project management, you will hear the term “stakeholders.”  Stakeholders include more than the project team.  They include anyone impacted by the project either positively or negatively.  They also include anyone who can influence the project outcomes.  The … Continue reading

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