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Free Resources

Project Management Resources

What is Critical Chain Project Management?

Critical Chain Project Management was developed and publicized by Dr. Eliyahu M. Goldratt in 1997. Followers of this methodology of Project Management claim it to be an alternative to the established standard of Project Management as advocated by PMBOK® and other Standards of Project Management. This article attempts to provide a brief overview of the Principals of Critical Chain Project Management and its applicability to manage Projects across all organizations and verticals. The Critical Chain Method has its roots in another one of Dr. Goldratt's inventions viz. The Theory of Constraints (TOC). This Project Management Method comes into force after the initial Project Schedule is prepared, which includes establishment of the task dependencies. The evolved Critical path is reworked based on the Critical Chain Method. To do so, the methodology suggests and assumes constraints related to each task. A few of them are elaborated as under.

PMBOK® - A Guide to Project Management Body of Knowledge

The Guide to Project Management Body of Knowledge, generally referred to as PMBOK®, is the single most authentic resource for learning Project Management. For prospective PMPs, PMBOK® is the Bible, which they cannot do without, if they hope to clear the exam and become an accredited PMP®. The Project Management Guide, which is an internationally recognized Standard (IEEE, ANSI), is used as a reference for most of the professional development programs based on Project Management. Various institutes and institutions offer Professional Courses on Project Management. The curriculum designed is largely based on the Guide to Project Management Body of Knowledge i.e the PMBOK® and other Project Management books and Standards advocated by the Project Management Institute PMI®. The PMI® is the world's largest not-for-profit organization for Project Management. It serves the Project Management community through its various initiatives, where advocating the Best Practices in Project, Program and Portfolio Management is in the forefront. The PMI® has regularly updated the PMBOK®. The first edition was actually published by the PMI® as a white paper in the year 1983. The Guide to Project Management Body of Knowledge is now in its 5th edition released recently in 2013.

Insights on Change Control Management Part 1

Change Management, often called Change Control, is simply the process of managing most changes that can have positive OR negative effects on any environment- be it a small organization or a large one, be it department like IT, Human Resources, or a group of functions, or simply the internal way of doing things from day to day. Change control is a systematic approach to managing all changes to a product, process or system. The purpose is to ensure that no unnecessary changes are made, that all changes are documented, that services or products are not unnecessarily disrupted & resources are used efficiently. Change is nature's way of saying that what worked earlier may no longer fit the requirements. This may be for a variety of reasons like.

It Service Management Resources

An overview of Capacity management

In ITIL capacity management process ensures that the appropriate IT infrastructure is offered at the correct time with suitable price and volume. Capacity management process stretches across the service lifecycle. Main success factor in managing capacity is to make sure that it is considered during the design stage. Capacity management provides a focal point and management for all performance and capacity related issues. Like availability, capacity is also a crucial part regarding the warranty of a service. If a service does not deliver the levels of capacity and performance required, then the business will not experience the value that has been promised. Without capacity and performance the utility of the service cannot be accessed.

Role of Change management in ITIL

Change is a very important aspect of growth .Error free functioning of the information technology sector relies a lot on such tools which lead to better utilization of resources without flaws. The ITIL Intermediate OSA Certification proclaims ITIL Change management process, which is responsible for assuring that the changes taking place in an organization are being monitored throughout the stages, this mitigates the chances of errors and no such area is left unturned which can cause any un-convince. Change management is step wise approach to make sure that each step is covered, so that changes are implemented efficiently and effectively. A change can be as simple as a process change or major things like policy and strategy changes. It is very important to choose ITIL change management tools according to the needs and preferences. The first step should be to evaluate the purpose and then decide on, which option is the most appropriate. The three different aspects of Change management include: Versatility, controlling the change, and affecting the change.

An overview of Identity management

It Security Management Resources

Authentication - A Detailed Insight on Application and Process

Authentication is a process of confirming the truth of an attribute of an entity. This process involves confirming the identity of a person /software program(s).This process of authentication also includes tracing the origins of the artifact, or ensuring that a product is what it's packaging and labeling claims to be. In other words, authentication is a process that involves verifying the validity of at least one form of identification. Authentication is in fact verification that the users claimed identity is valid. The IT security certifications and CEH exams enable participants to effectively handle any security-related issues.

Authentication A Brief Introduction to its Diverse Types

Product authentication can be a security hologram label on a box of a product for authentication. Counterfeit products are often offered to consumers as being authentic. Counterfeit consumer goods such as electronics, music, apparel, and Counterfeit medications have been sold as being legitimate. Efforts to control the supply chain and educate consumers to evaluate the packaging and labeling help ensure that authentic products are sold and used.

Cryptography - Rudimentary Notions and Terminologies

Cryptography Cryptography is the practice and study of using mathematical algorithm to encrypt and decrypt data. Cryptography enables you to store secret/sensitive information or transmit it across insecure networks (like the Internet) so that it cannot be read by third parties (called adversaries). Plaintext Data that we can read and understand without any special measures is known as plaintext or cleartext. Ciphertext The process of changing plaintext in such a way as to hide its substance is called encryption.

Finance Management Resources

Role of Budgeting in Detailed Financial Planning

Budgeting refers to making a detailed financial plan that quantifies future expectations and actions relative to using existing resources and acquiring new resources. Budgeting can take various forms and can provide the basis for setting up detailed sales targets, staffing plans, inventory production, cash management, borrowings, capital expenditure etc. Budgeting provides benchmark to compare actual results and to accordingly develop corrective measures.

Using Business Valuation in Valuating Your Business

Definition: Business valuation is a process and a set of procedures used to estimate the economic value of an owner's interest in a business. Valuation is used by financial market participants to determine the price they are willing to pay or receive to perfect a sale of a business. In addition to estimating the selling price of a business, the same valuation tools are often used by business appraisers to resolve disputes related to estate and gift taxation, divorce litigation, allocate business purchase price among business assets, establish a formula for estimating the value of partners' ownership interest for buy-sell agreements, and many other business and legal purposes. The field of business valuation encompasses a wide array of fields and methods. The tools and methods can vary between valuators, businesses and industries. Common approaches to business valuation include review of financial statements, discounting cash flow models, and similar company comparisons.

Instilling Corporate Finance Practices in Organizations

Fundamentals and Application of Corporate Finance Practices in Organizations Corporate finance refers to financial decisions carried out by organizations through implementation of suitable financial strategies with a single goal of maximizing shareholder value. Broadly corporate finance activities can be divided into three categories: Capital Investment & Financing Decisions Working Capital Management Risk Management and Investment Banking Investment Decisions: Capital investment decisions refer to suitable allocation of financial resources to the contemplated activities of the firm.

Quality Management Resources

Change control management in Six Sigma

Change management and Change control are indisputably a Herculean task for an organization, if proper techniques are not employed. One major reason why it becomes so hard is that businesses fail to address the factors due to which the change initiatives fail. Changes always occur in businesses as organizations are striving hard to constantly evolve. Six Sigma change control plan makes it possible to overcome resistance to change. This tried and tested quality management methodology is ideal to improve quality, reduce errors, and enhance satisfaction levels of the potential customers as well. The change management and change control programs are commonly known as Continuous Improvement or Process Improvement programs. The Continuous Improvement programs are focused to elevate the degree of quality and revenue. Changes in business environment are required to be communicated, deployed and managed well and this can be done accurately with the aid of Six Sigma methodology. Let's get an idea about the Six Sigma change control system.

Quality Assurance in Six Sigma

Six Sigma quality assurance approach and methods have definitely set a benchmark for excellence. It has been done by simply raising the standards of quality through implementation of a methodical quality management approach. Quality system suggested by Six Sigma has created quite a buzz in almost every industry including healthcare, retail, BPO etc. These kind of state-of-the-art methods are developed with the sole objective of testing the important products and services to make sure that they are fulfilling the criteria of desired standards and customer's expectations pertaining to the products are successfully met. With the ever increasing demand of quality products, total quality management has become the prime concern for organizations all over the world for survival and profitability.

Quality Certifications in your Professional Career

Earning software quality certification demonstrates professional level of competence in the principles and practices of quality management of products and services. It indeed brings potentially more rapid career advancements. When it comes to quality certifications, there is no quality management professional who is not aware of sky rocketing popularity of the Six Sigma methodology and approach. An organization aiming to get a robust foothold over the niche marketplace by delivering excellent quality not only knows the benefits of Six Sigma quality management but also tries to get the employees certified for the same. Once the company starts delivering products and services of high quality, success and fame follow it automatically.

Sap Certification Resources

Strategic Enterprise Management and its Components

Prior to understanding enterprise management, let's identify how an enterprise works across processes. An organization is comprised of various departments that together work towards achieving the organization's set goal. An HR department hires human resources and defines their jobs, the payroll department manages the payment structure of employees, the sales department manages the sales and distribution process, the production department manages the inputs and outputs of a production, the finance department handles money involved across departments and so on. There are marketing teams who handle the promotional and marketing activities of an organization, the IT team handles the information server and security, the development team takes care of the website, the content team generates the content and more.

Enterprise Resource Planning and ERP Systems

Enterprise Resource Planning or ERP as it is popularly referred to, is the term used to define software packages that are designed to support various business functions and objectives. ERP system generally includes software systems on manufacturing, order entry, warehouse management, transportation, sales and distribution and more. Since the time the computer was invented, there had been a continuous process moving towards improving work experience and lifestyle using the information system and ERP solutions is an attempt to do the same. ERP in simple terms is a method to integrate various processes and data within a single unified system. There are many enterprise resource planning systems offered by various pioneer business enterprises towards achieving organized structure and maintenance of databases across departments in organizations. After understanding what an ERP system is, let's identify some other facts about ERP and ERP implementation.

Enterprise Structures and SAP Implementation

The number of enterprises grows every day and so does the competition. Every enterprise comprises of a few common departments and a few specific departments unique to the organization based on the industry. Departments like HR, Payroll, Finance, Admin etc. are common to enterprises across industries. On the other hand departments like Financial Accounting, Sales Team, and Online Marketing Team etc. are industry specific departments unique to some enterprises. Every department has their own set of data and documents that the team members manage at department levels. However, to manage all these data of different departments at an enterprise level is a big challenge.

Microsoft Certification Resources

Microsoft Project-Overview

Microsoft Project is an application developed by Microsoft Technologies for better project management. This application offers various tools that help one throughout all the phases in project planning towards effective project results. Once you've finished your initial planning - or if you haven't even started! - Use Microsoft Project 2010 to create and set up your project plan. You can then use Project's powerful features to more effectively manage your project.

Microsoft Project-Task

Properly evaluating a project's status can be tricky.Good project planning and communication can avoid or mitigate these and other problems that arise in project execution.