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 … Read more
You might be wondering what Estimate To Complete (ETC) is in project management and why there are so many ETC formulas. I have written this post to explain ETC in complete detail. You will find a complete discourse on ETC including its definition, example, and calculation formulas in this post. You will also understand the … Read more
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 … Read more
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 … Read more
You will find detailed explanation of To Complete Performance Index (TCPI) in this article. It includes: TCPI definition and meaning utility of TCPI in Project Management TCPI formulas, examples and calculations difference between BAC & EAC formulas strategies to solve TCPI mathematical questions for the PMP exam difference between Cost Performance Index (CPI) and TCPI … Read more
You might be thinking why there are so many Estimate At Completion (EAC) formulas in project management and how are they used for Earned Value Management (EVM) calculations. EVM full of confusing terms and formulas. Estimate At Completion seems like a misnomer. Well! How can you estimate anything when it is already complete? I have … Read more
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
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