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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How To Calculate Total Float And Free Float In Critical Path Method?

total float vs free flaot in project management

I have written this post to provide complete details about Total Float and Free Float in Critical Path Method (CPM). You will find the definition, meaning, example and detailed explanation of different types of floats in this post. After reading it, you would know the difference between Total Float & Free Float and you will […]

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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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