Tag Archives for " Definitions "

How To Use Estimate At Completion (EAC) Formulas In Project Management?

estimate at completion eac formula

Do you think Estimate At Completion (EAC) is a misnomer? I think it is. How can you estimate anything when it is already complete? Well! That is Earned Value Management (EVM) for you. It has many confusing terms. But you don’t have to worry. You are at the right place. You will find detailed explanation […]

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Total Float vs Free Float: Formulas & Calculations For Critical Path Method

free float and total float

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. […]

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5 Steps That Define PMBOK Guide’s Project Risk Management Process

Project Risk Management

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 […]

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