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PMCD framework or Project Management Competency Development framework was launched by PMI® in 2002 to provide individuals and organizations with guidelines to access, plan, and manage the development of project management competency. The third version (latest version launched in 2017) provides a comprehensive list of characteristics describing what a competent person in project, program & portfolio management should know, do, and be. The PMCD framework is useful for a variety of stakeholders like: Organizational decision-makers Individuals working in the project management spectrum or aspiring project managers Trainers/coaches and training organizations         For each of the project, program & portfolio domain, the competencies have been described on three competencies: Knowledge & Skills           Performance Personal behavior What is Competence?                 ...

Knowing project management jargon is the very first step for both preparation of standard project management exams and being a part of or handling a project. While acquaintance with PM terms is considered a primary step, not knowing the project management tongue can easily lead to miss-communication and eventually to critical loss during the project execution.   So, let’s revise the project management glossary to identify some standard terms that you may come across or should know as a project manager or as an associate working on any project. 1. Activity:  PMBOK V6 defines it as the smallest portion of a project used in planning, tracking, and control. It is also identified as an amount of work performed that converts inputs into appropriate output. 2. Assumptions:  Assumptions are listed factors while dealing with the statement of work. It contributes to ensuring the validation and result of a project. 3. Backlog:  Backlog is essentially everything tha...

PMI, the governing body of PMP, had earlier announced that the Project Management Professional (PMP) exam change would be effective from 1st July 2020 has now extended the change deadline to 2nd January 2021. In every 3 to 5 years, PMI researches to study the changes and trends in the project management domain. They find out if the changes are impacting the functions of a project manager. The research is conducted by PMI and PMP subject matter experts from around the globe, and from prominent organizations. On 30th June 2019, the new PMP Exam Content Outline was published. 1st January 2021, is the last day to appear for the PMP exam before it changes on 2nd January 2021. If you have been preparing for the PMP exam along the current outline, you can even take the exam online. However, if you are planning to wait for the current economic slowdown to pass and take the new PMP exam, this article is for you. What are the changes? The current PMP exam is based on the five domains...

UN labor body has predicted a wipeout of 6.7% of working hours globally, equivalent to 195 million job losses. Over a million people have already lost their job in the USA alone, and the number continues to grow. Several experts and statistics had been indicating an impending economic slowdown from as early as February 2020. However, what is worst is that until the resolution of COVID-19 is identified and made popularly available, experts cannot even start to predict the extent, length, and depth of the recession that we are already in. Speaking on a very generic term, we can say that the asset market as a whole has crashed. TimesJobs’ survey named “Coronavirus & its impact on Jobs” suggests that: * 63% of people indicate that their work has undergone a significant change due to COVID-19 and the lockdown. * 33% of people mentioned that they had to put a hold on their business travel plans. * Among the worst-hit industries are the travel and tourism sector, along with sev...

What is Lean Six Sigma? Six Sigma is about improving quality and eliminating defects. The consolidation of Lean and Six Sigma has helped quality improvement in the organizations that have adopted the Lean Six Sigma methodology. Lean is about improving efficiency by removing waste; whereas, Six Sigma is about reducing defects or eliminating variations in the production process. When we combine Lean with Six Sigma, they help in productivity and customer satisfaction.   Six Sixma follows the framework DMAIC – Define, Measure, Analyze, Improve, and Control. This framework helps in understanding the root cause of problems. It also helps in implementing a solution that will solve the problem permanently. Lean Six Sigma is quite a powerful tool if you’re aware of how to use it. Some companies think Lean Six Sigma may not work for them, or the application of Lean Six Sigma could be a waste of time. This is because they don’t have complete knowledge of the Lean Six Sigma...