Tag Archives for " Earned Value Management "
Earned Value Management Formulas
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 […]
Continue readingHow To Use Estimate to Complete (ETC) Formulas In Project Management?
You might know that Estimate To Complete (ETC) is an important metric for Earned Value Management (EVM) calculations. ETC formulas are used to compute the cost of remaining project work. Even though ETC is a very important concept, it is explained sketchily in Project Management (PM) books and literature. Many PM books and PMP Study […]
Continue readingEarned Value Management System Explained in Easy Language
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 […]
Continue readingA brief history of Project Management
I found a small article on Internet that provides a brief history of Project Management in a succinct and lucid manner. I thought it would be worthwhile to share the article with my blog followers http://www.projectsmart.co.uk/brief-history-of-project-management.html I feel there is two errors in the article. [custom_list icon=”arrow-circle-right” iconcolor=”#5e9c19″] The article attributes the creation of scheduling […]
Continue readingHow To Use To Complete Performance Index (TCPI) Formulas In PMP?
To Complete Performance Index (TCPI) is a forecasting technique of Project Management (PM). It is the cost efficiency required to complete a project within a defined budget. I have written this post to provide detailed explanation of To Complete Performance Index. After reading this post, you will understand TCPI definition and meaning. learn about TCPI […]
Continue readingHow To Use Estimate At Completion (EAC) Formulas In Project Management?
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 […]
Continue readingEVM – Is it useful?
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 […]
Continue readingThe Sure Fire Formula To Learn Earned Value Analysis
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 confounding. They dread the formulas and calculations. I believe, Earned Value Analysis concept is lot simpler than it is made out to be. After reading […]
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