Develop Schedule Process
Now we are down to the final planning process of Schedule Management knowledge area. Develop Schedule is the process that many project managers consider the most important part of their …
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What is the difference between Duration Estimate and Effort Estimate?
Is there a difference between duration estimate and effort estimate or simply duration and effort? If an activity takes 1 day to complete, is that 1 day duration or effort? …
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The one video that will get you started for Project Management Professional
Just a notification vlog to let you know about the PM101 Training Session which is available for free here We cover significant ground in the training session so if you …
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7 weeks step by step PMP Preparation Plan
Check out the PMP Study Plan to download the excel file being referenced to in this video. RELATED LINKS DETAILED ARTICLE WITH EXCEL FILEhttps://pmclounge.com/pmp-study-plan/ YOUR PMP BRAIN DUMPVIDEO – https://www.youtube.com/watch?v=PxZ8j2KAOpYARTICLE …
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Using Buffers in Reserve Analysis
We recently studied Reserve Analysis which introduces the concept of using buffers. Now can you use buffer for every Project Management activity? In this Lounge Fever video, we try to …
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Top 5 factors that define Project Success
Ever thought about how you can determine whether or not a project was successful? More importantly, how do you ensure your project will be successful while the project is in …
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PDCA Cycle in ITIL
We recently covered an introduction to ITIL. In this video, we look into an important concept of ITIL known as the Deming Cycle or Plan-Do-Check-Act (PDCA) cycle. This is something …
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Why am I on YouTube?
In this vlog, I talk about why am I on YouTube or why do I run the PMC Lounge YouTube Channel (subscribe here) How do I handle Negative Comments – …
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Reserve Analysis – Contingency Reserve and Management Reserve
One of the other important estimation tools and techniques is called Reserve Analysis. Just like the other Tools and Techniques of this section, even Reserve Analysis is used in both …
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Three-Point Estimates – PERT Method
We have already covered Analogous and Parametric estimating, the next in the list is quite popular and can provide even more accurate estimates, the method is called the Three-Point Estimates. …
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