How EVM can be implemented in Projects? In my previous post I explained EVM through an example – Building Tables. Was that a practical project or practical measurement? I would not say so. Does an impractical project gel with my blog philosophy?EVM – Here I come… One of the reader’s wrote following comment on the … Read more EVM – Is it useful?
Earned Value Analysis or Earned Value Management is considered to be one of the more difficult concepts of Project Management. Many practicing professionals find the earned value terms and definitions confusing. They somehow dread formulas and calculations. I believe, Earned Value Analysis(EVA) concept is lot simpler than it is made out to be. After reading … Read more Earned Value Analysis: Formulas, Calculation & Example
I have written this article to explain the difference between Total Float and Free Float in Critical Path Method (CPM). You will find a complete in-depth explanation of different types of floats in project management this article, which includes free & total float formulas for doing CPM calculations and definitions, meaning, & example of floats. … Read more Total Float vs Free Float: Formulas & Calculations For Critical Path Method
Project Management is all about taking right decisions. Let us start by hiring a good experienced PM. So how do you hire an experienced Project Manager? Look for sound education Look for PMP or equivalent certification Look for experience with large companies Look for relevant domain experience Look at the quantum of projects managed by … Read more Hiring a Project Manager
You might be looking to understand what Work Breakdown Structure (WBS) is and why is it important in project management. Work Breakdown Structure is deliverable oriented hierarchical decomposition of total scope of work. WBS is a fabulous tool delineate and represent total scope – project as well as product scope. It is useful for estimating, … Read more Work Breakdown Structure in Project Management With Examples
What is PMBOK Guide’s Project Risk Management Process? Nothing | Zilch | Nada | Zero That’s impossible! PMBOK Guide contains globally recognized Standard for Project Management. Surely the Guide would define a Project Risk Management Process. Let me state something that belies common wisdom. PMBOK Guide does not define a Project Risk Management Process. Before … Read more 5 Steps That Define PMBOK Guide’s Project Risk Management Process
10 Steps For Effective Change Management Benjamin Disraeli would have made a great Project Manager. He was a British Prime Minister, parliamentarian and a Conservative statesman. He served in government for three decades, twice as Prime Minister. A famous quote is attributed to him Change is inevitable, change is constant. Benjamin Disraeli This is very … Read more “Change” is Not Evil!
This is a follow up post for my last two posts – 8 ways to meet budget in Fixed Price Projects and Scientific Estimation. I believe the word ‘Proactive’ in the title of this post is redundant. If a project manager is not proactive he should choose another job. Strong words but true. Disctionary.com defines proactive … Read more Proactive Project Manager
This is a follow-up post of my previous post 8 ways to meet budget in Fixed Price Projects. We can successfully execute and deliver the project within specified time and budget by estimating the size of the project scientifically. There are upteen estimation techniques and they are different for different industries. And within a industry they … Read more Scientific Estimation
I write 2 blogs. One is the current blog on project management while the other is blog on completely unrelated subject – Cricket: http://fifth-umpire.blogspot.com/ Why am I mentioning my Cricket blog here? The word ‘Fix‘ is a dreaded word both in cricket and project management. Match fixing is a bane in cricket. One always gets … Read more 8 ways to meet budget in Fixed Price Projects