The PMP (Project Management Professional) is an internationally accredited professional certification widely accepted in the project management industry. Those who pass the exam can reportedly earn a salary of up to $400, 000 per year. Let us dig deep into what kind of job and salary one can expect with the PMP certification. What is the PMP® Certification? The PMP® certification is a globally recognized standard for project management. The PMP certification is offered by Project Management Institute (PMI). To be eligible for the PMP®, you must first pass an exam. Once you have passed the exam, you will be ... Read More

It is important to know how your company will perform in the future and to ensure you are doing everything possible to make that happen. This article discusses how the best management practices can help build a successful company. What is a management practice portfolio? A management practice portfolio is a collection of evidence that supports the effectiveness of a particular management practice. The purpose of a management practice portfolio is to help managers justify their use of specific management practices and to provide information that can be used to improve the effectiveness of those practices. A good management practice ... Read More

Regardless of project size, project managers need to be able to juggle the different expectations of their stakeholders and still pull off the project successfully. A schedule is one of the most important things a PM needs for their projects, as it defines what's happening, what tasks need to happen, where, and when. What is Project Schedule Management? Project schedule management (PSM) is a process that helps managers plan, control, and manage the project timeline. It helps to ensure that projects are completed on time, within budget, and to the required quality level. There are several key steps in PSM ... Read More

Project management is a complex and broad field with foreseeable challenges. This can make it difficult to understand and find consistency in the process. New project management managers often create the misconception that they have a problem not understanding the process groups that are mentioned below when they just need to review them more closely. This is why the Project Management Body of Knowledge (PMBOK) comes into the picture. Let’s get to know more about it. The process groups of PMBOK The Project Management Institute (PMI) developed the PMBOK, a set of guidelines and principles for managing projects. It contains ... Read More

Project managers are in charge of the projects and make important decisions about how andwhen to work. However, project management is a broad field with endless routes. There are many different types of project management, such as Six Sigma or lean project management.With so many paths, knowing which path is best for you can take time and effort. What is a Project Management Office? A Project Management Office (PMO) is a specialized business unit within an organization that is responsible for the effective and efficient management of projects. A PMO should delineate its authority, processes, resources, and goals. How to ... Read More

Any foray into uncharted territory, such as entering a new market, may be an exciting time for a business, but it also carries some danger. The success of a product in one market does not guarantee its success in another market. Regardless, establishing a foothold in emerging areas sets a premium on retaining a sales leadership position, which calls for widespread product distribution. Most companies often fail to properly plan for product distribution, opting for less efficient and cheaper methods. This article will compare and contrast two types of the product distribution− selective distribution and exclusive distribution. What is Selective ... Read More

Managing a corporation is a difficult endeavor. Some businesses fail because they cannot overcome the many challenges they face from the very beginning of their existence. Among the most crucial concepts that might be of use to businesses in several contexts, funding stands out. This is especially true in the context of the provision of financial resources and managerial expertise. Chances are you've heard of seed investors, angel investors, private equity, and venture capital. In this article, we will compare and contrast a seed investment with venture capital. What is Seed Funding? As the initial investment in a fundraising round, ... Read More

As more people seek financial independence, a variety of investing strategies have become more mainstream. The acquisition of real estate is a common form of investment, second only to the purchase of stocks and bonds. Treasury bonds, money market mutual funds, municipal bond mutual funds, high−yield savings accounts, dividend stock mutual funds, certificates of deposit, and municipal bond mutual funds are all examples of alternative investment options. The housing market has experienced a boom in recent years. This is because of the tremendous potential for appreciation and the relatively low amount of risk involved. If you're just getting started in ... Read More

A customer's decision to buy is informed by various criteria, including the product's price, quality, availability of other brands, and consumer interest in those products. One of the most crucial elements of the marketing mix is the price at which a product is sold. Despite the high quality of the supplied product or service, sales may be affected by the chosen pricing strategy. Therefore, businesses should carefully evaluate many factors while setting prices. Important pricing strategies include market penetration and "skimming" current clients. Let's look at the differences between the two by comparing them. What is Penetration Pricing Strategy? Using ... Read More

Working from home has become increasingly common in recent years. Modern alternatives to traditional office space are being adopted by an increasing number of businesses. Newer workplaces allow employees to accomplish their work from anywhere, so long as it is done satisfactorily. The proliferation of the "gig economy, " in which companies rely not just on regular employees but also on freelancers, has only made things worse. The interruptions might be taxing because many people would rather work in peace and quiet at home. Having access to both permanent and temporary work sites has saved May owing to the availability ... Read More