This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

- A RACI matrix clarifies roles with the rule that only one person can be 'Accountable' for a task.

- Resource leveling can extend the project timeline to fix over-allocations, while resource smoothing works within the existing schedule.

- Use resource leveling when resource availability is the primary constraint and resource smoothing when the deadline is the primary constraint.

- The five stages of team development are Forming, Storming, Norming, Performing, and Adjourning, each requiring a different project manager approach.

- A common PMP exam trap is identifying team conflict as the 'Storming' stage and knowing the project manager's role is to facilitate resolution.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep