Procurement contract types are an important aspect of Procurement Management as outlined in the PMBOK (r) guide. You will be asked a few questions about the topic during your PMP(r). This post will explain the three major types of contracts in the PMBOK (r). Fixed price contractFirm fixed-price contract (FFP). Fixed price with economic adjustment contract (FPEPA) Fixed price incentive […]

To avoid being overwhelmed, here are six steps to prioritizing project tasks Introduction A friend of mine gave me Tim Ferris’ book, “The 4-Hour Workweek” last year. Hard work is something I believe in. The title of the book offended me. I eventually got around to reading it. I was so frustrated that I had not read it sooner that […]

How to choose the right credential to support your Project Management career: PRINCE2 vs PMP For many years, project management has been a highly-paid career option. This trend is expected not to change in the near future. Project managers who are skilled and experienced will be in high demand. According to PMI research, employers will need 87.7 millions project management-oriented […]

PRINCE2 Principles, Processes, Themes PRINCE2isaprocessbasedapproachforprojectmanagementwith7themes,Processesandprinciples. 7THEMES: BusinessCase:Theobjectiveofbusinesscaseistodecidewhethertheprojectisdesirable,viableandachievable. Organization:Defineandestablishtheproject’sstructureofaccountabilityand responsibilities. Quality:Arethequalityofproductsfitforthepurpose? Risk:Identify,assessandcontroluncertainty Planning:How,Where,Why,Who,When,HowMuch? Change:Identify,assessandcontrolpotentialandapproved changed to the base-linedobjectives. Progress:Monitorandevaluateactualachievementswiththe Achievements. 7PROCESSES: 1.StartingaProject 2.InitiatingaProject 3.DirectingaProject 4.Controlling 5.ManagingProductDelivery 6.ManagingStageBoundaries 7.ClosingaProject 7PRINCIPLES: Businessjustification APRINCE2projectmusthavecontinuedbusinessjustification. FocusonProducts Deliveryofdefinedproductsandquality. ManageBystages Planned,Monitoredandcontrolledinstages. ManageByException Definedtolerancesforeachobjectiveandthelimitsofauthority. Tailortosuittheenvironment Tailoredtosuittheproject’ssize,environment,complexity,importance,capabilityandrisks. Learn from experience Lessonsaresought,recordedandacteduponthroughoutthelifeoftheproject. RolesandResponsibilities Definedrolesandresponsibilitieswhichareagreedwiththoseinvolved. Author : Lisa Findlay Click Here to view the Prince2 Foundation Course

PRINCE2 for Small Businesses and Projects The business world has become more dynamic and faster in recent years. Every moment is critical for business and delays can lead to lost opportunities. There is also the challenge of change. Businesses must be able to take on both small-scale and large-scale projects to adapt to the changing environment. They are now able […]

I love to eat buffets. I’m a consumer, and I enjoy having things prepared and managed for me. This is why cloud computing is so appealing to me. It’s not like being charged for hidden fees. Nothing is worse than getting billed for extra services. Womp womp. IT can be challenging. It requires a lot of experimentation, lab time, and […]

Technology is changing rapidly and many organizations still use the same security tools from years past. There are many exciting new technologies available in the network security market, as well as clever takes on old themes. It is important to be aware and understand the benefits of the technologies available to your team. Deception-Based Defenses Organizations spend a lot of […]

Now you can start to make SharePoint work like a kitten. Managers will compliment you on the significant improvement in collaboration and the ability to access important information anywhere. Congratulations! The usual questions will always follow… Could the interface be customized to match our company’s style? Can this be integrated with other software? Could the process be simplified so that […]

Our ancestors relied on primitive communications technology just a few generations back. It’s all relative. The major innovation was Wired Telegraphy, which crisscrossed the United States. The advent of wireless telegraphy, which is radio, made it possible to have a conversation without using cables. The range of services has been expanded by the many improvements made to radio communications over […]

Process mapping is valuable because it helps people understand the business context for the work they do. SIPOC diagram is one tool that can help you do this. Get a free PowerPoint SIPOC Diagram template. To get the template, join the Project Management Resource Library. You will also find many other free templates, checklists, guides, and templates for project management. […]