This free lesson of The Agile PrepCast will be describing the Agile method called Lean. The term "Lean Software Development" was first used in the book Lean Software Development: An Agile Toolkit, written by Mary and Tom Poppendieck. Lean Software Development is a translation of lean manufacturing and lean IT principles and practices used in the Toyota Production System and then adapted for software development. Seven basic principles form the foundation of Lean Software Development, which in turn are implemented on Agile projects by employing a set of 22 supporting tools.
Watch the Free Agile Lesson here: https://www.youtube.com/watch?v=I5gN66KFtaI&hd=1
Lessons learned towards becoming a Project Management Professional (PMP)® shared to us by PM PrepCast student Julian Taylor, PMP.
"I'm a so glad I'm done with the exam. What a relief. I passed the PMP® on my first try with a combined Above Target score. I had above targets in initiating, planning and executing. I received a target score for monitor and controlling and a below target in closing.
My studying process:
- Read the Entire A Guide to the Project Management Body of Knowledge (PMBOK® Guide). (April to September)
- Used the PM PrepCast online course to get my PDUs . I watched all the videos and took some notes while watching. I skipped chapter/section 4 on project integration and watched it at the end. (September til the end of November)
- Took PM PrepCast practice tests weekly. I used the wrong answers and topics I was unfamiliar to focus my areas of improvement..."
Read more here: https://www.project-management-prepcast.com/kunena/pmp-exam-lessons-learned/6635-pmp-one-and-done
If you are preparing for the Project Management Professional (PMP)® Exam then you need to know what a “Contingency Reserve” and a “Contingency Plan” is. You may even come across PMP® Exam sample questions that focus on these two terms:
Contingency Reserve is the budgeted dollars or scheduled time that are set aside for risks that have been identified and accepted or identified and have mitigating responses developed. It is the contingency reserve that will cover the costs and necessary time to handle any accepted risks should they occur and the costs or time of mitigating any risks as needed. Contingency reserves in the budget may be a percentage of the overall budget, a fixed amount, or an amount determined based on quantitative analysis. Contingency reserves in the schedule may be a percentage of the schedule, a fixed number of work periods, or a determined length of time based on quantitative analysis. Contingency reserves should be clearly defined and included as part of the budget and schedule of the project and only cover risks that have been identified as part of the project. As a project progresses or as more information is learned the contingency reserves may be used, reduced, or even eliminated based on if identified risks do or do not occur.
A Contingency Plan is an alternate plan that is developed for those risks that would have a high impact on a project if they were to occur. A contingency plan should include an objective, the circumstances in which the plan will be enacted,the people and resources needed to carry out the plan, and any additional details needed to fully implement the plan. For example a company that purchases a specific widget from a company that is located in hurricane prone area has determined that there is a risk that the widget producing company may be offline for a period of time during hurricane season. A contingency plan would be needed to identify where to obtain this widget and the associated costs if the producing company is offline and cannot supply the widget for a specific amount of time.
A Guide to the Project Management Body of Knowledge (PMBOK® Guide) Fifth Edition discusses both Contingency Reserves and Contingency Plans in sections 188.8.131.52, 184.108.40.206, & 220.127.116.11
Today, we present to you one video from our discussion of the different Agile implementation methods in which we look at Scrum. Scrum is embraced by most organizations that not only want to implement Agile principles quickly on their projects, but are also interested in implementing Agile principles across their entire organization.
Watch the Free Agile Lesson here: https://www.youtube.com/watch?v=sROBERoQoXk&hd=1
Lessons learned towards becoming a Project Management Professional (PMP)® shared to us by PM PrepCast student Thompson Vou, PMP.
"Moments ago, I had the excitement of seeing the CONGRATULATIONS screen at the Prometric Testing Center and achieved Above Target on all sections. Here's what I did to get there:
- Took PM PrepCast Pre-Assessment and reviewed all answers (scored 62%)
- Watched all PM PrepCast videos over the course of 3 months.
- Read through A Guide to the Project Management Body of Knowledge (PMBOK® Guide) once (PM PrepCast videos helped make this more bearable/skim-able for me).
- Took all PM PrepCast Chapter Assessments and immediately reviewed answers for each chapter (scored 71% in total).
- Read through Rita Mulcahy's PMP® Exam Prep book once (did most exercises but no chapter exams)..."
Read more here: https://www.project-management-prepcast.com/kunena/pmp-exam-lessons-learned/6577-passed-pmp-w-above-target-all-sections-not-as-rigorous-studying-as-planned