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Knowledge Areas

What is the difference between Variance Analysis, Earned Value Management (EVM) & Performance Review

https://youtu.be/M4RaoDpV9K4 Uncover the Heartbeat of Your Project! In this video, we dive into the dynamic world of Variance Analysis, Earned…

Funding for Corrective and Preventive Actions: Contingency Reserve vs. Management Reserve

https://youtu.be/qO9Y7cVPh-I?si=YOVD3UfBKnHUH1J0 Explore the intricate connections between Contingency Reserve, Management Reserve, Preventive Actions, and Corrective Actions in this video. There is…

Do Suppliers have High Power or Low Power in the Project? | Stakeholder Analysis

https://www.youtube.com/watch?v=2DsDkybxOu8 Power Interest Grid is used to analyze stakeholders. It gives you a clear indication which stakeholder falls in which…

Difference between Contingency Plan and Fallback Plan

https://youtu.be/JmB6GNt8JF8 Contingency Plan and Fallback Plan might seem similar but they are two different plans that are deployed at different…

When to close procurements?

https://youtu.be/Jnex8ggSjKg While there used to be a 'Close Procurements' process in the pre-PMBOK 6 world, now that the process doesn't…

Decision Tree Analysis

https://youtu.be/vmkdHT9VmZg Decision Tree Analysis is basically a Tool and Technique in the Perform Quantitative Risk Analysis process. PG-KA mapping below, Now within…

Sensitivity Analysis using Tornado Diagrams

https://youtu.be/6ojHXG27w-s We touched a bit on the topic of sensitivity analysis when we started off with the Perform Quantitative Risk…

Performance Reviews | Root Cause Analysis (RCA) | Inspection | Testing / Product Evaluations – Tools of Control Quality Process

https://youtu.be/pLChyxJwBuw If you think from a real World perspective, Control Quality appears to be a very important process that needs…

Burndown Chart

https://youtu.be/1PfI7zSzjbM One important concept under the Control Schedule process is the Burndown Chart. Burndown Chart is basically a graphical tool…

Agile Release Planning

https://youtu.be/XHVjiHc9adA PMBOK Guide Edition 6 was the first time PMI talked about Agile Release Planning. From PG-KA mapping point of…