How to Improve Project Risk Management | Velopi

A risk is an uncertainty and that uncertainty can mean a potential banana skin for the project, but also it could mean an extra benefit to the project. For instance, the price of oil is always uncertain. If it is on a downward trend that could have a positive effect on the project’s bottom line […]

Change Models in Project Management | Velopi

Project management is based on a lot of tried and proven tools and techniques. However, as time passes, new tools and techniques come into the profession and, if they are effective, they replace what went before. This explains why the Guide to the Project Management Body of Knowledge (PMBOK© Guide) is now in its sixth […]

Project Schedule Management | Velopi

Schedules are probably what you immediately think of when the term Project Management comes up. Although a project schedule is not the only concern of a project manager, it is certainly one of the most visible aspects of a project. From the child who wants to know “are we there yet?” to the sales team […]

Studying for the PMP®

So you have taken a PMP® exam preparation class (hopefully with Velopi!) and are now wondering what to do next. Do you schedule the PMP® exam for as soon as possible, so that the material is still fresh, or do you need more time? Whatever answer you come up with will depend on you as […]

Acquiring a Team for Your Project | Velopi

Project Management Professionals (PMP)®s are aware that Project Resource Management is just one of the areas they need to work in. If you have recently sat your PMP® exam (or are in PMP® exam preparation mode as we speak), you will remember that one of the processes in this knowledge area is Acquire Resources. While this process […]

What is CAPM®? | Velopi

The Peter Principle states that “In a hierarchy every employee tends to rise to his level of incompetence”. This is not a cynical observation. In hierarchical organizations, good performance is rewarded by promotion. Unfortunately, the characteristics that make someone effective at a certain level are no guarantee that the person will succeed at the next […]

Project Management Information Systems

On this page: A friend of mine recently bought a new carbon fibre racing bike which is 5kg lighter than his previous model. As he explained the various wonders of the new machine to me, I could not help but reflect on his Guinness-sponsored girth and wondered if losing 5kg in weight would not have […]

In Software Project Management, Time is Money

On this page: The nice thing about software development projects is that the project manager rarely has to worry directly about the budget. If the developers you need for the team are already on your staff, you just require a clear idea of how long you will need these people for. In other words, time is the […]

Are we There Yet? (Free Checklist!)

It seems like an obvious question, but when is the execution of a project finished? People with project management certification will cry that it is only finished when the customer has signed off that the deliverables are acceptable. While this is the right answer, real world projects often have very unclear endings. On this page: […]

Creating a SIPOC Model | Velopi

If you are preparing for the Project Management Professional (PMP)® exam, you may have stumbled upon the SIPOC model as you tried to understand the Plan Quality Management process in section 8.1. of the Guide to the Project Management Body of Knowledge (PMBOK® Guide). SIPOC stands for Suppliers, Inputs, Processes, Outputs, Customers and is used in the PMBOK® Guide to place […]