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Make Or Buy Analysis, Made Simple
Jose, a project manager for a large software implementation company, is working on the project plan. The business analyst, Mary, mentions a third party tool which can fulfill some of the business...
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How To Use The PMBOK Guide For Your PMP Exam Preparation
If you want to become a certified Project Management Professional (PMP), you have to first pass the PMP certification exam. In order to do that, you will need to be willing to devote a certain amount...
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Straight Line Depreciation, Made Simple
To illustrate what depreciation is and how it’s used in the accounting records and on the financial statements for your company, let’s look at this quick example: You are the project manager in an IT...
View ArticleImproving Your Concentration for Your PMP Exam Prep
Staying focused and directing your concentration during your PMP Certification Exam preparation can be extremely challenging, even for the most organized. It is hard to always maintain the level of...
View ArticleSum of the Years Digits Depreciation, Made Simple
In accounting, one of the important accelerated depreciation methods is the Sum of the Years’ Digits approach. This type of depreciation is used to accurately reflect the decline of a fixed asset’s...
View ArticleDeclining Balance Depreciation, Made Simple
When depreciation is applied to the value of an asset for accounting purposes, one of the common methods used is the declining balance depreciation method. In this approach, a multiplication factor...
View ArticleHow to Deal with an Aggressive Client for Project Managers
Having regular interactions with the client are a part of the day-to-day business of a Project Manager. Occasionally, a client’s behavior may fall short of what are considered to be standard norms, be...
View ArticleReading Your Project’s Contract and Technical Specs
A necessary tool for specifying the characteristics of a project, a contract is a written document that defines in great detail what the project is ultimately supposed to be about. A contract may...
View ArticleTransition of Information When a Project Member Leaves
Seamlessly managing a project is a difficult task under the best of circumstances. It wouldn’t be completely wrong to call it a juggling act of balancing business, technology, risk, people and...
View ArticleHow to Organize Yourself For ‘All Meetings’ Days at Work
A meeting can be of many different kinds, to plan an action, a one-off event, to discuss day-to-day business, deal with a conflict or discuss the start of a new project. Unfortunately even the best of...
View ArticleMinimizing the Impact of Vacations on Your Projects
As appealing as it sounds, here is a perfect-world scenario for business owners and project managers: employees never getting sick, or taking personal days off or even vacations; not a very realistic...
View ArticleTaking Minutes Of Meetings Can Save Your Project
For a Project Management Professional, any day usually starts and ends with tireless meetings, especially for those who work on more than one project at a time. This can get all jumbled up into mush,...
View ArticlePMP Exam Prep Tips for Frequent Travelers
Do you have a spouse with a nomadic occupation? Or is it your own job that consists of frequent transfers, postings or international conferences? Such circumstances make life very uncertain and it...
View ArticleImpact of Physical Exercise on Daily Project Management Activities
It doesn’t take rocket science to know that incorporating physical exercise into your daily routine has immense benefits that pervade every aspect of life. A Job like Project Management, however, with...
View ArticleDo Not Let Team Mood Ruin Your Project!
Project management is not just about creating Gantt charts, making budgets, defining scope and tracking costs. It’s also about collaborating, teamwork, influencing and building a team that generates...
View ArticleEmployee Fatigue During High Intensity Periods on Projects
A workplace hazard, you can define fatigue as ‘the inability or decrease in ability to respond to a situation, due to previous over-activity, mental, emotional or physical’. It is frequently cited as...
View ArticleHow To Lead a Successful Conference Call
In the course of managing a Project, you are sure to be called upon to conduct a meeting through conference call at some point. These meetings can be tricky as you are mostly not face-to-face with some...
View ArticleHow to Isolate Yourself for Your PMP Exam Prep
Deciding to take on a PMP Certification Exam might be one of the biggest career choices you’ll ever make, but most of you will be doing this at a point in life when finding the time to study might be...
View ArticleUsing Exam Simulators for your PMP Exam Prep
Taking the PMP Exam can be one of the most important and difficult things you will have to do. The prep time requires you to be incredibly focused on your studies, and various study guides, books, mock...
View ArticleBuy Lunch for Your Project Team
There are a lot of food related phrases that can be thrown around over here that say exactly how important food is to the soul; basically our mental and physical well-being depends on it. But even more...
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