The basic premise of EVM is that we can assign a value to each task. We can then determine the progress that we have made on our project relative to schedule by comparing the amount of work completed with the amount of work planned to have been completed at the reporting date, and the progress relative to budget by comparing the amount of money that we have actually spent with the amount of money that we planned to spend.
The Milestone List defines all the project milestones and describes the nature of each one. It may categorize the milestone as optional or mandatory, internal or external, interim or final, or in any other way that supports the needs of the project.
A duration estimating worksheet can help to develop duration estimates when quantitative methods are used. This template will help you keep track of parametric estimates, analogous estimates and three-point estimates.
When a schedule starts to slip, the project manager should be ready to jump in and get things back on track. Here are some strategies the PM can use that do not involve forcing everyone to work 80-hour work weeks.
Question: My team is made up of people who work for several different functional departments. When not working on my project work, they also produce for other project teams. How can I estimate how long my project will take when I never know if people are available when I need them?
Add a +15% pad to the project estimate, then meet with functional managers to set up an on-demand workflow system.
Ask each potential team member to vow to put aside what is on their desk if your project work needs to be done.
Ask Human Resources to institute a 10% bonus for the workers if your project meets the original project estimate deadline.
Demand a dedicated team from upper management, as this is the only efficient way to do a project.
Having a schedule process is sometimes more important than having a schedule. A schedule without a process to keep it up will turn into just a wistful dream about how one person thinks the project should go. Here are some points to ponder.
It's hard to know if we're producing systems as fast as we could produce them. We can, after the fact, always identify ways in which we "wasted" time without contributing to our desired outcomes. But why can't we identify which will be waste before the fact? Because we want to go as fast as possible!
One of the most complex issues in project management to handle is when a team struggles at getting to “done” at key milestones. This article presents the problem along with suggestions on how to combat it.
There are hundreds of different methods to organize your never-ending project management “to do” list--and they are not all created equal. Whether the list is a page long or hundreds of rows in a project schedule, you need to have a good and efficient way of organizing your tasks.
Why would you not always do as much planning as possible before starting a project? Could it actually be harmful? It all depends on the quality of that input data--when the input data is good, we can reliably plan; when the input data is bad, then we need to get better data and keep evolving the plans.
Is "consultant" a dirty word? Many consultants get a bad name from the fact that they become indistinguishable from the organizational employees that they work alongside. How do you know that hiring a consultant is a good idea?
The attached workbook is useful for these many projects out there where no costing data can be used--or is not available--so the classic Earned Value Technique cannot be applied. It provides not only a progress tracking mechanism but also effort based project forecasting based on the above consideration.
This webinar provides an overview of key principles and practices for effective Agile project estimating and planning that have helped many Construx customers greatly increase the accuracy of their project forecasts, enabling them to make better go/no-go decisions, increase the predictability of their projects, and deliver their projects successfully... on time, within budget constraints, and with the desired functionality.
Alot of project management is wrapped up in the idea of scheduling. Many project management software packages put the management of schedule front and centre; for some, it's all they really actually provide support for managing. Project management courses emphasize the ideas of managing the critical path, building Gantt charts and analyzing PERT networks. Much stress is created about project schedules, milestones, dependencies and deadlines.
If you don’t have any good metrics on which to base your estimates, what do you do? Reading tea leaves or dissecting the entrails of dead chickens won't cut it. This presentation will explain sound estimating techniques that really work.
Your sponsor comes to you and asks how long your project will take and how many people you will need. You quickly grab your papers and your calculator, pull your basic numbers together, add some on-the-fly padding and voila!, your project schedule is built. This Project HEADWAY webinar will examine the different types of estimating, the key factors to consider when developing effort estimates, and some different tools & techniques you can use to ensure your estimates are more than pure fantasy.
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This sample template performs a PERT based estimation for a project when you provide quality estimates. The tool performs all the required calculations (including graphical display of the destribution and probability functions).
If developing a schedule were easy, no project manager would ever have a problem with it. This presentation serves as a guide to the key points that must be mastered to develop realistic project schedules.
No one can predict the future, but you as project manager will be asked to estimate the duration of tasks. You can get yourself a crystal ball, read tea leaves, or download this presentation for some real help.
Earned value is a project technique you can use to monitor, track and report on the performance of any project. This document is a cheat-sheet of formulas you can use to confidently calculate earned value.