Quick Reference for Earned Value Management Formulas If you are looking for a comprehensive list of all the Earned Value Management Formulas, then you are at the right place. If you are preparing for PMP® Exam, you will find all the Earned Value Formulas. This article would provide you with a step up in doing…
Estimate To Complete (ETC) is an estimation of funds required to complete the remaining work of a project. I have written this post to explain ETC with the help of an example. You will find a complete discourse on ETC in this post, which includes: significance of ETC in project management. definition and meaning of…
Quick Reference on Three Point Estimate I have written a series of articles on Three Point Estimate and related concepts. Before reading this, you should look at my first article of the series. I have explained the basic concept of Three Point Estimate in my first article. I have also explained that PERT is not…
An Opinion Poll for PMP Exam Date I conducted an online poll to determine if the aspirants have taken PMP Exam Date. It was a simple “YES-NO” opinion poll. The result of the poll is out. You can look at the chart below to take a look at the result. The result seems to be…
I conducted an online poll to determine “when are PMP aspirants planning to take PMP Exam?”. The result of the poll can be seen in above figure. There are some interesting facts and observations from the poll results. Let me share my opinion. Observation I 25.7% (17.1% + 8.6%) of people are planning to take…
A project risk is an uncertain event or condition that can have positive or negative impact on at least one of the project objectives whereas an issue (a.k.a. problem) is something that has already occurred or is currently happening. Risks are uncertain in nature i.e., they may or may not occur. There is probability attached…
What is your Project Risk Management Strategy? “Duh! We will deal with the problem when it comes. Is there any other Project Risk Management Strategy?” In my experience “deal with the problem when it comes” is the most frequently used Project Risk Management Strategy (also called Project Risk Response Strategy). Most Project Managers (and other…
Do you use Project Risk Response Strategies to avail Opportunities? Let us be frank here. Most of us never think about Project Risk Response Strategies for Opportunities. We usually ignore the Opportunities and think only about threats. Many of you would vociferously disagree with me. Well, I am not talking about Life Opportunities. In the…
PMP certification exam is based on Exam Content Outline (ECO). It is like syllabus for the PMP exam. The latest ECO was published in January 2021. PMI is using it for holding 2023 PMP Exam. The current ECO was first introduced in June 2019. The PMP exam was supposed to change on December 16, 2019…
Do 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 the other hand, a small…
