Question: You are taking over a project that is about 50% complete. The former project manager tells you that there were a lot of changes required by external stakeholders. Only …

English  >           Français  >

Project Management Terminology

Performance Measurement Baseline (PMB). Integrated scope, schedule, and cost baselines used for comparison to manage, measure, and control project execution.

Procurement Strategy. The approach by the buyer to determine the project delivery method and the type of legally binding agreement(s) that should be used to deliver the desired results.

Common Acronyms

COQ (english) : Cost of Quality

If you are managing projects here are 6 good reasons to obtain your certification as Project Management Professional, PMP.

Discover how you can accomplish your PMP in 6 months as a very busy person.
Here

Question to a Project Management Professional

Question Select the best option
You are taking over a project that is about 50% complete. The former project manager tells you that there were a lot of changes required by external stakeholders. Only few of them have been implemented so far. Which of the changes are documented?
  1. Changes that impact the cost of schedule baselines.
  2. Changes that are beneficial to the project.
  3. Changes that have been approved.
  4. All proposed changes.
Answer & Explanation
Right answer
    1. Changes that impact the cost of schedule baselines.
    2. Changes that are beneficial to the project.
    3. Changes that have been approved.
    4. All proposed changes.

Explanation : All changes should be formally documented in writing and any verbally discussed, but undocumented, changes should not be processed or implemented. Although changes may be initiated verbally, they should always be recorded in written form and entered into the change management and/or configuration management system.

Why are more than 790.000 executives around the globe certified as PMP?

  • Reason 1: Better opportunities for attractive positions
  • Reason 2: Prospects of above average income
  • Reason 3: Personal development
  • Reason 4: Knowledge and ability up to date
  • Reason 5: Competences in the international context
  • Reason 6: Comprehensive operational capability
More details: here

Discover how you can accomplish your PMP in 6 months as a very busy person.

More details: here

>>> 4 to 6 months with individual telecoaching in German – English – French – Spanish>>>