What Is Parkinson’s Law in Project Management?

Parkinson’s law in Project Management essentially means that work on a certain task is expanded to fit the allocated schedule for that task in the project plan.


What Is the 80-20 Rule in Project Management?

The 80-20 rule (or the Pareto Principle) in Project Management means (among other things) that 80% of the time is spent doing 20% of the functionality, or 80% of the work is done by 20% of the team members.


How Does the PMP Audit Process Work?

The PMP audit process starts (if the applicant is chosen to be audited) after paying the fees. The candidate will have to supply PMI with documents proving his education and experience (supporting his PMP application). PMI usually responds within 5 business days, and either allows or disallows the candidate from taking the exam.


What Are the Advantages and Disadvantages of Online Project Management Software?

Some advantages of the online PM Software include collaboration, ease of use, access control lists (ACL). Disadvantages include some missing functionality as well as security and privacy concerns.


What Forms of Identification Should I Bring With Me to the PMP Exam?

Generally, any government issued card with the applicant’s photo, signature, and name (matching the one in PMI’s records) is an acceptable identification to take the PMP exam.


What if I Miss My PMP Exam?

In case you know in advance that you are going to miss the PMP exam, then you can inform PMI in advance. If you inform PMI after test, then it is at PMI’s discretion to whether accept your excuse for missing the exam or not.


What Is the Difference Between Positive and Negative Risks?

Negative risks are unwanted and can harm the project, positive risks are desired opportunities and can positively affect the project.


How Much Time Do You Need to Study for the PMP?

The average time needed to study for the PMP exam is about 180 hours. The number of days spent studying can vary between 15 days to more than 90 days.


How to Become a PMO?

In order to become a PMO, the person has to be a respected Project Manager, supported by upper management, and with at least 4 years of PM experience.


How Much Does the PMP Certification Cost in 2010?

The cost of PMP certification in 2010 is $555 (CBT), $400 (PBT) for non-PMI members, and $405 (CBT), $250 (PBT) for PMI members.