What is Situational Project Management?

Published: Sun, 01/15/17

For your Project Management Professional (PMP)® Exam
Situational Project Management
The one thing that I really like about project management is how unpredictable my days can sometimes be. I come to the office in the morning with a clear plan of what I’m going to do and then something happens. I love this challenge because as a project manager, I now have to re-evaluate the situation and change my plans accordingly.

But there is more to it than just responding with a knee-jerk reaction. These times demand situational awareness, and you need skill and finesse to handle changing demands effectively. Situational awareness is an important skill to build as a project manager and in this article, we’ll look at what it is and how you can use it on your projects.
 
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" I passed my PMP exam on June 15th this year. I couldn't have done it without the help of PM PrepCast is actually an understatement considering what a big help it was during my preparation. Thanks Cornelius and PM PrepCast team...Cornelius takes you through what is the exam format, what you should do before the day and on the day of exam etc. This in a way prepares you for everything that is thrown at you on the D day. Simply put I think this is the best way to prepare for the exam certification." - Dhiraj Hathwar, PMP
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For me the most difficult part was just understanding the Project Management Institute (PMI)®’s framework. How does all this tie together? My exam coach assisted me greatly in understanding this. Helping me know what I needed to know for the exam versus reading A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) was also a huge win for me.

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Sample Question and Answer: Errata
Did you notice that last week's question was missing an all important minus sign? Here it is again corrected:

If SV = -800 and PV = 7000, how much is EV?

A. 6000
B. 8000
C. 6200
D. 9000

HINT: Use the Schedule Variance (SV) formula.
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Project Management Professional (PMP)® Exam Prep Essentials Guide

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Jumpstart your Project Management Professional (PMP)® Exam preparations with the PMP® Exam Prep Essentials Study Guide.

Make sure that you have covered the key PMP® concepts. The Essentials Guide contains the most important terms, definitions, methods, and formulas for your PMP Exam preparation all in one place. It covers the essential concepts, and includes all Inputs, Tools, Techniques and Outputs (ITTOs) for every project management knowledge area. And it's less than 60 pages long! That's only about 10% of the full A Guide to the Project Management Body of Knowledge, (PMBOK® Guide).

The information is logically organized for easy look-up and reference throughout your studies. That means you can use the Essentials Guide at all stages of your PMP prep: Use it at the beginning to kick-start your studies before you even open the PMBOK® Guide. Use it as a check list during your studies to ensure that you have reviewed all the essential concepts. And use it at the end to review and refresh crucial concepts in the days just before your PMP Exam.

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Student Profile: Bruno Bergallo, PMP
"I work for Pampa Energy the biggest energy company in Argentina, nowadays I am Site Manager for a new power facility of 101MW located in Bahia Blanca. I always be involved with Engineering, Project Management and Construction Projects. Around ten years ago I found the A Guide to the Project Management Body of Knowledge (PMBOK® Guide) in the Project Management Institute (PMI)® website a powerful tool for my routine work. In 2013 I became a PMI® member and in 2014 I decided to get the certification for that I enrolled in 35 contact hours course and finally in July of 2016 I achieved the certification at my first attempt. Being a non-English speaker was another difficulty in spite of having the Spanish translation I feel more confident with PMI-isms. I used the PMBOK® Guide, RITA and PrepCast´s mock exams whose I found very close to the real exam..."
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Sample Question and Answer
Which of the following techniques uses a statistical relationship between historical data and other variables to calculate a cost estimate for a schedule activity resource?

A. Bottom Up Estimating
B. Analogous Estimating
C. Parametric Estimating
D. Activity Cost Estimating

HINT: Examples of other variables are square footage, cost per unit etc.
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