Month: June 2008

Cost Variance and Project Management Terms

Cost Variance and Project Management Terms

If you’re looking to take the PMP exam, there are several definitions you need to know.  You MUST know and understand the definitions listed in the table below. The exam won’t come right out and ask you “What does Actual Cost mean?”  The questions are more like:  “What kind of Variance do you have on a deliverable…

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Scope Management

Scope Management

Scope Management means: Not letting others randomly expand the scope of the project without a structured change control system Constantly verifying the completion of all authorized work Ensure all changes are within the project charter Defining and controlling what is and is not included in the project Not allowing extra work or gold plating You…

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Functional Management

Functional Management

Functional management is the most common type of organizational management. The organization is grouped by areas of specialty within different functional areas (e.g., finance, marketing, and engineering). Some refer to a functional area as a “silo.” Communications generally occurs within a single department. If information or project work is needed from another department, a request…

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Seven Leadership Styles

Seven Leadership Styles

Recently, I’ve been re-analyzing different leadership styles of those in power of my former and current organizations.  I originally covered this subject back in 2008 after reading a book on the subject.  Regardless as to how I apply myself to my subordinates or how superiors react to me, everyone can be aligned with one of…

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