Sunday, October 21, 2012

The terms leads and lags ,PMP exam prep


The terms leads and lags are used to identify and control the timing of various activities within the project. It is important to accurately document leads and lags.

Lead Time: Let's assume a project has two pieces that need to be completed at the same time. Work package A will take 4 weeks to complete, but work package B only takes one week. B would show in the project plan as a finish to start (FS) with a one week lead. This means the B work package component should start one week before A is scheduled to be completed.

Lag Time : Lag time can best be described as a planned or forced delay. A great example of this is a construction project that involves pouring concrete. The project plan must include a lag time of 2 days for the concrete to dry before the next phase can begin.

Hammock Activity: Hammock activity is also frequently referred to as summary activity. These are activities that are roughly related and are reported as a single activity. Some times the relationship between the activities is clear, other times they may only be related because their completion leads to the same result. On a gantt chart a hammock activity is usually displayed as a thick black bar above a grouping of lower level activities.

Written by
Cornelius Fichtner, PMP

Monday, October 1, 2012

PMP Exam Flashcards


Flashcards are a wonderful study aid, but sometimes determining what you need to study and include on a flashcard can be a bit confusing, if not overwhelming. So, let’s take a look at what should be included on your PMP ExamFlashcards:

The Five Project Management Process Groups
The Nine Project Management Knowledge Areas
The Forty-Two Project Management Processes
Definition of a Project
Role of a Project Manager
Stakeholders
Project, Program, Portfolio Management Relationships
Purpose of the PMBOK® Guide
Enterprise Environmental Factors
Organizational Process Assets
Organizational Structures
Project Life Cycle
Motivational Behavior Theories
Triple Constraint
Communication Channel Formula
Stages of Team Development
Work Breakdown Structure
PERT Definition and Formula
Precedence Diagramming Method (PDM)
PDM Dependencies
Earned Value Formulas
Variance Formulas
Performance Formulas
Forecasting Formulas
Standard Deviation
Much More….

Identifying what you should study for the PMP Exam and creating flashcards yourself can be time consuming and stressful task. What if you forget an important fact, formula, or definition? What if while making the flashcards you mix up the information and your cards are incorrect, resulting in you studying the incorrect information?

One way to take off some of the stress of creating your own flashcards is to go to www.pmflashcards.com and purchase readymade PMP Flashcards which contain all of the information above and more. Even better... if you have a smartphone (iPhone/Android) then you can download the cards to your phone and easily carry them with you wherever you go.

Written by Cornelius Fichtner