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.
COQ (english) : Cost of Quality
If you are managing projects here are 6 good reasons to obtain your certification as Project Management Professional, PMP.
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?||
Answer & Explanation
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