PM Study Circle - A PMP & CAPM Certification Exam Preparation Blog
PMP Exam Preparation Study Materials, Lessons Learned, Tips & Tricks, 35 Contact Hours, PMP FAQ etc.
Many people often get confused while differentiating validated deliverables and accepted deliverables. Verification is another term which adds more confusion to these two. But being a visitor of PMSC, you don’t have to worry about any of these terms that may make you puzzled. In my previous blog post, I [...]
Validation and verification are the two terms which are understood to be synonyms to each other; however, they are not. These terms may seems to be similar to you, but they are entirely different terms, as I will explain to you in this blog post. I believe that after going [...]
Do you recall how many times this scenario has happened to you? You plan to purchase or build something, and allocate a certain amount of money for this purpose. However, when you proceed with your plan, many new requirements are added to it, until at last you end up with an entirely [...]
Corrective Action, Preventive Action, and Defect Repair are the most commonly used key elements in the quality management system. You must understand these terms in order to have a better command over the quality management processes in the PMBOK Guide. Therefore, in this blog post, I am going to explain [...]
In the previous seven blog posts, I tried to cover several hard concepts in the project cost management (e.g. Earned Value Management, Forecasting, and TCPI) that many PMP aspirants find difficult to understand. These seven blogs are in a particular sequence, and I request you to follow them in same sequence [...]
The To-Complete Performance Index (TCPI) is the estimate of cost performance required by the project to meet the project’s budget goal. There are two important points to be noted from this definition: If you’re under budget — in this case you’ve to complete the project within the approved budget (BAC). If you’re over budget—in [...]