Posts related to: Study Notes

Jul 8, 2017

Accuracy vs Precision

Accuracy and Precision are terms that most people use interchangeably in normal life. But when it comes to statistics and quality management, they have a very distinct meaning. The concepts are really simple to grasp if you get to see a few good examples. If you are preparing for the PMP certification (or CAPM certification) you should clearly understand the difference between Accuracy and Precision before you go for the exam. I’ll take you through these concepts in my usual style - using examples and quizzes. I hope that by the time you finish reading this article, you’ll have a solid understanding of these concepts.

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May 27, 2017

Difference between Resource Leveling and Resource Smoothing

Resource Leveling and Resource Smoothing are two resource optimization techniques used in the Develop Schedule process, as defined in PMBOK® Guide, 6th Ed. PMP® and CAPM® certification aspirants often get confused between these terms. While Resource Leveling is explained quite well in the Guide, Resource Smoothing isn’t. In fact, Resource Smoothing doesn’t find a mention in most project management references. In this post, we’ll learn about the difference between the two with the help of examples and illustrations. If you been following my personal blog, then this is another post in the PMP Study Notes series.

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Nov 6, 2016

What is Benefits Realization Management (BRM)?

Benefits Realization Management (BRM) or Benefits Management is one of the new subject areas included in the PMP Exam with the Jan 2016 update. Project Management Institute (PMI®) has been conducting extensive research on BRM for the past 2 years. In this post, we’ll learn what BRM is, what its benefits are, and where it fits in the context of project management. We’ll also look at the role of project managers in BRM and why PMI has been focusing so much on this discipline. This post could also serve as study notes for the PMP® exam.

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