The Elevator Pitch

The Elevator Pitch “The “entryway” to your business” It’s how you and your colleagues describe your organizational goals and the services you offer. What is an Elevator Pitch? An elevator pitch is a concise, carefully planned, well-practiced description of your company that you can comfortably deliver in the time it would take to ride a…

Business Plan

A business plan is an important document for any business and it can be written for a variety of reasons. Internally, it can help owners and managers crystallise their ideas, focus their efforts and monitor performance against established objectives. Externally, the business plan can act as a medium for attracting finance for start-ups or expansion.…

Prepare for PMP Exam to obtain your PMP credential

To be eligible for a PMP credential, you must meet specific guidelines that objectively measure experience, education and professional knowledge. Eligibility Applicants must have 35 hours of specific project management education. With a Bachelor’s Degree (or the global equivalent): Applicants must have a minimum three years’ professional project management experience, during which 4,500 hours are…

Earned Value Management (EVM)

Earned Value Management (EVM) The earned value Management involves developing these key values for each schedule activity, work package, or control account: Planned value (PV). PV is the budgeted cost for the work scheduled to be completed on an activity or WBS component up to a given point in time. Earned value (EV). EV is…

USE Case Point Estimation

Use Case Estimation Use Case Points (UCP) is an estimation method that provides the ability to estimate an application’s size and effort from its use cases. UCP analyzes the use case actors, scenarios and various technical and environmental factors and abstracts them into an equation. The equation is composed of four variables: Technical Complexity Factor…

Virtual Team

What is Virtual Team? A Virtual Team – also known as a Geographically Dispersed Team (GDT) – is a group of individuals who work across time, space, and organizational boundaries with links strengthened by webs of communication technology. They have complementary skills and are committed to a common purpose, have interdependent performance goals, and share…

Project Charter

Definition: The project charter is a one-time announcement. It clearly establishes the project manager’s right to make decisions and lead the project. The intent of a project charter is to give notice of the new project and new project manager and to demonstrate the upper management support for the project and the project manager. It…