Estimate to Complete – 3 ETC Formulas For PMP Exam

estimate to complte

Last updated on November 11, 2016Estimate To Complete Formulas Explained Estimate To Complete is a very important Earned Value Management (EVM) concept. In this post, I will define Estimate To Complete (ETC) and explain its utility in project management. Estimate To Complete Formulas and other Earned Value Formulas are important for the PMP exam. Most […]

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Earned Value Management System Explained in Easy Language

Earned Value Management

Last updated on January 5, 2016Do you find Earned Value Management System a difficult concept? I generally ask the above question in my class before I start explaining what is Earned Value Management System. Usually I find most of the students have not even heard about Earned Value Management System, let alone gauge its difficulty. On […]

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Analogous and Parametric Estimation

project estimation

Last updated on February 2, 2016Project Estimation Techniques Project Estimation is one of the most important part of project management. Good Project Estimation is cardinal for the success of a project. Project Estimation Techniques are covered under both Time Management and Cost Management Knowledge Areas of PMBOK® Guide. The Project Estimation Techniques described in PMBOK® […]

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3-Point Estimate is Different From PERT…

PERT

Last updated on February 2, 2016What is PERT and 3-point Estimate? Estimation is one of the most basic concepts of Project Management. In fact poor and improper estimation is one of the main causes of challenged projects. There are many ways to Estimate. Some of these estimation techniques are specific to an industrial domain like […]

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To Complete Performance Index – TCPI Formula & Calculations Explained

to complete performance index

Last updated on November 9, 2016To Complete Performance Index – Definition, Example, & Formulas To Complete Performance Index (TCPI) is an estimate of future cost efficiency of the project. I have written a series of articles on Earned Value Management. In this article, I will explain TCPI Formulas and their utility using an example. This […]

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Estimate At Completion – 5 EAC Formulas for PMP Exam

EAC Formula

Last updated on November 10, 2016Estimate At Completion Formulas Explained Which formula should be used for calculating Estimate At Completion (EAC)? This question is often asked by the PMP aspirants. They are usually confused about different EAC formulas. In my opinion, this confusion has been mainly perpetrated by the PMP Study Guides. Earned Value Management […]

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