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Advance Your Career

Creating and Capturing Value – More than just Cost Reduction

by Iain Fraser
June 14, 2018 | 60:56 | Views: 8,800 | PDUs: 1.00 | Rating: 4.40 / 5

Clarifying and widening the status quo around value, especially at the enterprise level. This webinar aims to offer an explanation of value management that goes beyond the notion of value engineering and process-based tools.

EDM: Earned Duration Management a Novel Approach

by Homayoun Khamooshi
April 29, 2014 | 62:47 | Views: 604 | PDUs: 1.00 | Rating: 3.73 / 5

The concept of schedule monitoring and control as one of the most important functions of project management has not been fully exploited. That could stem from the dominance of Earned Value Management Systems which use cost indicators to measure schedule preformance. This can be misleading. In contrast to Earned Value and Earned Schedule, the authors have developed the Earned Duration Management (EDM) which uses certain indices to measure progress and performance of schedule and cost.

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Save Time With Tools + Templates

Profit-Loss Template

PREMIUM deliverable
by Khaled Istanbouli

This Excel sheet helps you track monetary trends for various project items and plots a graph summary based on your entries. Adapt the items and expenses to suit your project.

Project Dashboard Template

deliverable
by Mamadou Issa

Use this project dashboard to give team members and stakeholders a snapshot of your project, including an executive summary, completed and upcoming activities, milestones, risks, budget information and more.

Portfolio Dashboard Template

deliverable
by Mamadou Issa

Use this Excel sheet to monitor and projects in your portfolio. Report status and financials to have a global view of the portfolio, including risk levels for scope, schedule and cost.

Project Status Update (Presentation) (Korean Translation)

PREMIUM presentation
by Daniel Grzybek

이 프리젠 테이션 템플릿은 중대형 프로젝트 또는 동일한 이해 관계자가있는 여러 프로젝트를보고하는 데 사용되는 공식적인 고객 대응 현황 보고서입니다.

Learn From Others

How Much Management Reserve Do You Need?

by Mac Sauls

Effective decision-making requires forecasting the outcome of each option based on the probability of alternative scenarios. As a project manager, you must become the financial advisor on your project. Management reserve should be added to your baseline costs, then used to manage the uncertainty of risks and to mitigate variability.

Topic Teasers Vol. 114: Making Budgets Work

by Barbee Davis, MA, PHR, PMP, PMI-ACP, PMI-PBA

Question: My team is experienced and motivated, and while we come in around the budget I have constructed, management is constantly saying it doesn’t make any money on my projects. I am figuring in salaries and costs for raw materials at a constant rate. I always show that people work the number of hours I have projected. The company executives seem to be pleased with the work of other project managers, even if they show much higher costs than I do. Where am I going wrong?

How to Do Better, Cheaper, Sooner

by Donald Charles Wynes

Are you looking beyond individual departments and focusing on the value created in the full series of activities they perform to create and deliver their product? Here’s the story of one PM who was willing to step beyond her role to move the focus of “better, cheaper, sooner” to the whole chain of work her firm delivered to its customer.

Data Quality Management in Engineering and Construction Projects

by Valentin Kouprine, PhD, PEng, PMP, Daron Kinsey, MIEAust, Randy McMeekin, PEng

The engineering and construction industry is transforming from a document-driven to a digitally driven sector. Besides the physical assets delivered, managing project data and information is essential to providing better quality deliverables, cutting costs and controlling risks.

Project Constraints on a Journey Toward Being Agile (Korean Translation)

by Pawan Rai

모든 프로젝트 관리자는 범위, 시간 및 비용으로 구성된 프로젝트 관리 삼각형을 잘 알고 있습니다. 프로젝트의 성공을 달성하기 위해서는 품질, 자원 및 위험 요소가 반드시 고려되어야합니다. 여기에서 초점은 민첩성의 시대에 이러한 제약이 어떻게 관련되어 있는지 이해하는 것입니다.

Explain Program Risks with Cost of Delay (Japanese Translation)

by Johanna Rothman

製品と機能の遅延は、ITプロジェクトの採用や商用製品の収益に悪影響を与える可能性があります。 遅延コスト(CoD)は、これらのコストを説明し計算する方法です。 アジャイルプログラムマネージャーがCoDを使用してリスクを説明する方法は次のとおりです。

Explain Program Risks with Cost of Delay

by Johanna Rothman

Product and feature delays can adversely affect adoption for IT projects and revenue for commercial products. Cost of delay (CoD) is a way to explain and calculate those costs. Here’s how one agile program manager used CoD to explain risks.

Topic Teasers Vol. 73: Multi-year/Complex Projects (Korean Translation)

by Barbee Davis, MA, PHR, PMP, PMI-ACP, PMI-PBA

질문 : 프로젝트가 정상적인 길이라면 경험이 있습니다. 그러나 이제는 매우 복잡한 일이 될 수있는 다년간의 프로젝트를 이끌어야합니다. 더 큰 냄비에 생선을 그냥 튀기고 있습니까? 아니면 사업이 대규모이고 국제적 일 때, 아니면 더 오래 걸리고 평소보다 많은 인력을 동원 하는지를 아는 특별한 절차가 있습니까?

Efficient Project Team Consolidation in Post-Merger Companies

by Nat Schatz

When evaluating the acquisition of a company, many organizations emphasize the financial aspects but downplay facets of the consolidation dealing with project execution. This paper examines the major considerations and discusses how to improve the integration process to avoid negative impact.

Project Management Tattoos That Don’t Wash Off (Part 1)

by Roger Kent, PMP, PMI-ACP

Getting a tattoo is an act of meaning. You get “inked” to help you remember something: an idea, a person, an inspiration. What PM tattoos should you consider to help you on your road to success?


Ask a Question

Discussion Rules

Recent Questions

Topic Originator Last Post Votes Replies
Sourcing consolidation  Arvind Maheshwari  May 11, 2019 2:48 PM 
Risk Allowance Certification by an independent expert! Your Thoughts?   Antonio Louro  May 7, 2019 5:35 AM  12 
question about control scope  FABRIZIO PETECCHIA  Apr 30, 2019 11:23 AM 
What's the financial influence on the budget when the Banana Effect occurs on the S curve of the project's progress activities?  Cleber Guerreiro  Apr 30, 2019 10:23 AM 
Estimation for a short 4 week project  Prithviraj Bhosale  Apr 23, 2019 7:18 AM 
how to communicate missing project costs to Business Team on Project proposal thats already approved???  Unaha Toucha  Apr 16, 2019 11:43 PM 
Financial modelling or financial management will likely lead to project success?  Suzi Shah  Apr 10, 2019 10:10 AM  11 
PMs create trust and transparency among stakeholders  Stelios Kentritas  Apr 9, 2019 3:42 PM 
The Most Important of the Four Factors in Estimations  Henry Hattenrath  Mar 24, 2019 1:22 PM 
Tricky Topic. Share your worst mistake as a PM  Eduard Hernandez  Mar 22, 2019 11:52 PM 
Standard Accounting -  Pete Chamberlain  Mar 14, 2019 2:31 PM 
When preparing cost estimation for work order for sub project. Incase we have items to be performed and not part of contract. Could we include it in the BOQ for the work order by increase quantities   Riad Alhammoud  Mar 5, 2019 1:05 PM  10 
Estimate time and cost using expert judgement?  Ricardo Adrian Valencia Villaseca  Mar 1, 2019 1:38 PM 
Is there any difference between BOQ (BILLS OF QUANTITY) and WBS (WORK BREAKDOWN STRUCTURE)??? Anyone who can help me on this please.  All-ustaadhi Natosa  Feb 27, 2019 8:33 AM  11 
Small Project Management  Hugo Morgan  Feb 25, 2019 10:50 AM 
project budget  KEYULKUMAR DAVE  Feb 19, 2019 2:22 PM 
WBS challenges  Abolfazl Yousefi Darestani  Feb 15, 2019 12:41 PM 
Budget Considerations for Outsourcing Work to Freelancers   Pang DX  Feb 1, 2019 1:49 PM 
Diploma or Degree in Delay Analysis and EOT Claim preparation  Mobeen Kazim  Jan 31, 2019 11:56 AM 
Comparison of project resources from an estimate Vs project planning resources  Suhas Jadhal  Jan 17, 2019 10:07 AM 
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