Project Management Professional

Assumptions and Constrants Analysis Assumptions and limits analysis is a method used in project management to find and deal with assumptions and limitations that can affect the success of a project. Assumptions are things that are thought to be true but haven’t been proven yet, and limits are things that limit the choices or abilities of the…

Benchmarking Benchmarking is a way to compare a company’s performance or practises with those of other companies in the same industry or field. It is used in project management and other areas of business. The goal of comparing is to find ways that a company can improve its performance or ways of doing things by looking at…

Business Justification Analysis A Business Justification Analysis is a way to figure out if a business idea or project is possible, needed, and worth doing. It includes a careful look at the project’s expected benefits, costs, risks, and possible returns, as well as a look at other possible options. The most important parts of a business reasoning…

Payback Period The payback period is a financial term used in project management and investment research to measure how long it takes for an investment or project to earn back its starting cost or investment. In other words, it is the amount of time it takes for the money that comes in from the project to match…

Check Sheet A check sheet is an easy and useful way to keep track of and look at information. It is a form or table that is used to record and track data over time. It is often used in quality control and process improvement projects. The most important parts of a check sheet are: Data Collection…