Earned Value Management System Explained in Easy Language

Earned Value Management

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 […]

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Analogous and Parametric Estimation

project estimation

Project 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® Guide are universally applicable to […]

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3-Point Estimate is Different From PERT…

PERT

What 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 software size estimation techniques. While […]

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To Complete Performance Index – TCPI Formula & Calculations Explained

to complete performance index

To 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 post is written in continuation […]

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Estimate At Completion – 5 EAC Formulas for The PMP Exam

EAC Formula

Generic Estimate At Completion Equation And Formulas Explained Which formula should be used for calculating Estimate At Completion (EAC) in the PMP Exam? This question is often asked by the exam aspirants. They are usually confused about different Estimate At Completion formulas. There are 4 different formulas explained in the PMBOK Guide 5th edition. In […]

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