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:

- The purpose of Controlling a Stage (CS) as the Project Manager's day-to-day management activity.

- How Work Packages are used to formally authorize work for Team Managers.

- The critical difference between a Checkpoint Report (from Team Manager to PM) and a Highlight Report (from PM to Project Board).

- When a Project Manager can take corrective action versus when they MUST escalate an exception to the Project Board.

- The distinction between a risk (a potential future event) and an issue (an event that has already occurred).

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