Project estimation is the most fundamental aspect of Project Management (PM). Analogous and parametric estimating techniques are most commonly used methods. You will find definitions,… Read More »How To Use Analogous & Parametric Estimating Techniques?
A project is scheduled to FAIL from start. This is a very strong statement albeit true. I have noticed this phenomenon many times during my… Read More »Did You Know That A project Is Scheduled To FAIL?
You would find Program Evaluation & Review Technique (PERT), Critical Path Method (CPM) and Standard Deviation in complete detail this post. IT describes how they… Read More »Using PERT & Standard Deviation For Critical Path Analysis
You might be looking to understand the usage of variance and standard deviation in PERT formula. PERT is an acronym for Program Evaluation and Review… Read More »Variance And Standard Deviation In PERT Formula [PMP]
Three point estimating can be done in two ways. First one uses PERT formula and the second one calculates simple average of three different estimates… Read More »PERT Formula & Three Point Estimating: The Ultimate Guide
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… Read More »Work Breakdown Structure in Project Management With Examples
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… Read More »8 ways to meet budget in Fixed Price Projects