Simplifying Project Management | PMC = Project Management Certifications
Preparing for the PMP exam can feel daunting, but with the right strategies, you can significantly increase your chances of success. This video distills key tips covering everything from study …
How to Answer PMP Questions (5 Sample Questions Included) | Most Important PMP Prep Tips Read More
Q1: Which of the following is an example of Cost of Conformance? A. Warranty Cost B. Scrap C. Quality training D. Cost of rework Q2: As a Project Manager on …
Quality Management – Practice Questions Read More
Before proceeding, hopefully you already know the formulas for Earned Value Management technique, if not, check out this two videos, Earned Value Management Technique Formulas Earned Value Management Technique Formulas …
Sample PMP Questions of Earned Value Management with Answers Read More
Q1: As a Project Manager, under what process group do you work on defining the project scope?A. Integration ManagementB. PlanningC. InitiatingD. Scope Management Q2: When decomposing the work in the …
Scope Management – Practice Questions Read More
Definition Payback Period is the time it takes for the organization to earn back the initial investment (in terms of monetary cost) to the project and begin making profits. Sample …
Project Selection – Payback Period Read More
Definition Net Present Value (NPV) of the sum of all cash inflows (in Present Value) of the project minus the initial cost, i.e. PV (benefits) – PV (costs) (Read more) …
Project Selection – Net Present Value (NPV) Read More
Let’s get the formula for PV out of the way first as it will pave the way for a better understanding of the concept. Formula PV = FV / (1+r)n …
Present Value (PV) and Net Present Value (NPV) Read More