Episode 418: Essential Business Management Skills (Free) #PMOT

418Click Here to Listen to the interview: http://bit.ly/PMPodcast418
Read More: http://bit.ly/PMPodcast_418

Last year at the Project Management Institute (PMI)® Global Congress 2017 in Chicago, Illinois I recorded about a dozen interviews. They have all been published over the past year and you've probably heard some or all of them. But what you don't know is what happened once each interview was complete.

I pressed the recording button one more time and asked each of my guests the following question: What business management skills are essential for today’s project manager if they want to become more and more involved in strategic projects for their organizations?

And today you are going to get all the answers. In one nice mashup. Here are all the presenters in the order you will hear their answers

Andy Kaufmann
Betsy Stockdale
Laszlo Retfalvi
Justin Fraser
Jen Pfaff
Sarah Gallagher
Kim Wasson
Darryl Hahn
Jeff Kissinger
Niraj Kumar

Oh, and spoiler alert... the answer that I received most often was "Flexibility".

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This June 2017 Only! Get $15 off on all our Exam Simulators

Depositphotos 5701606 XSAttention: Project Managers preparing for the PMP Exam, PMI-ACP Exam and/or CAPM Exam!

We welcome the month of June with our exciting offer on all our exam simulators.

Get $15 off on the following by simply using the corresponding discount code:

PMP Simulator: Jun17-PMP

PMI-ACP Exam Simulator: Jun17-ACP

CAPM Exam Simulator: Jun17-CAPM

Learn more about how you can get this limited offer here:


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PMI-ACP® Exam Tip: Take an Agile Approach to Your Studies

Depositphotos 9568499 sAlthough Agile is a relatively new project management framework (compared to Traditional/Waterfall project management), there are countless resources available to help you study for the PMI Agile Certified Practitioner (PMI-ACP) certification. As a result, you could potentially spend weeks or even months reading different materials to study for the PMI-ACP Exam. You might find, however, that all you are likely doing is duplicating your efforts — simply reading the same information over and over and, to some extent, wasting your time.
So why doesn’t PMI offer a Project Management Body of Knowledge (PMBOK) to help you study for the  PMI-ACP certification…a body of Agile-related knowledge from which all the questions on the exam are drawn? Well, one of the most appealing aspects of Agile is that there isn’t a single methodology that ‘IS’ Agile; Agile is a dynamic and evolving framework.
So how do you hone in on the best resources and make the most of your study time? PMI has provided a list of reference materials that will provide you with all of the knowledge necessary to pass the PMI-ACP Exam. However, no one wants to read all 3,888 pages of the 11 reference books on which the PMI-ACP Exam is based. So we recommend that you take an agile approach by researching different materials that are available as “all-in-one” study resources to pass the PMI-ACP Exam, select one or two of them and stick with them for use during your studies. Most resources will include everything you need to know — you don’t need to read the same information over and over. After you’ve selected several resources, focus your efforts on mastering the Agile Manifesto and sharpening your Agile experience. Armed with a deep knowledge of Agile principles and core values, as well as your Agile experience, you’re sure to be successful at becoming PMI-ACP certified.


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PMP Exam Tip: Calculating ES and FS

REACH THE TOPWe recently received the following question from a PMP Exam Student:

“There's some confusion in my head regarding some of the network diagram calculations. I'm lead to believe there are actually two methods to calculate Early Start (ES), Early Finish (EF), Late Start (LS), and  Late Finish (LF).

The first method adds or subtracts 1 where applicable. This assumes that the start activity has ES, EF, LS and LF as 1. The second method assumes the start activity has zeros for all values thereby not having to add or subtract 1 to any of the formulas.

Is there any indication in the exam that would lead me into knowing which "method" is being utilized so that I can apply the right formula?”

I answered that he is correct. there are indeed 2 approaches:
- First approach: You calculate the network diagram starting on Day 0
- Second approach: You calculate the network diagram starting on Day 1

I personally use the second approach, because when my sponsor tells me, that my project starts on the first day of September, then that is September 1 and not September 0. This is also the way that all modern scheduling tools seem to work. You schedule your project based on a calendar start date and not "on Day 0".

That is why there is a slight difference between the calculations (you have to add/subtract 1 from the results in the 2nd approach). However, don't worry about this for the exam too much. The way that the question is formulated you should be able to identify how to go about this. Also: I understand that in most cases when you have to calculate this, it is the end result that is important and not how you got there.

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