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Project Management Blog
Thursday, 25 January 2007 21:37

Conflict Management

Whether conflict has a net positive or negative effect on a project and its parent organization depends on how the project manager handles it. PMI® recognizes five methods for dealing with conflict:

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Thursday, 25 January 2007 20:39

Project Cost

What is a Project Cost? Each resource in the project must be accounted for and assigned to a cost category. Categories include the following:

  • Labor costs
  • Material costs
  • Travel costs
  • Supplies
  • Hardware costs
  • Software costs
  • Special categories (inflation, cost reserve, and so on)

 

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Thursday, 25 January 2007 19:25

Critical Path

The critical path is the longest path to completion in the network diagram. Activities on the critical path have no Slack or Float. The Project Time Management questions on the exam focus heavily on critical path method (CPM), and diagramming methods; the differences between these techniquees; and the appropriate circumstances for their use.

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Thursday, 25 January 2007 15:15

Stakeholder Management

You should recognize the importance of involving stakeholders in the development of the project plan. It is the responsibility of the project manager and the project team to create an environment in which all stakeholders can contribute as appropriate, but recognize that who contributes and the level of the contribution will vary by stakeholder. There are usually a number of people who are either directly involved in a project or who have a stake in its outcome. These people are called stakeholders. The key stakeholders in most projects are:

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