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Advance Your Career

EDM: Earned Duration Management a Novel Approach

by Homayoun Khamooshi
April 29, 2014 | 62:47 | Views: 335 | PDUs: 1.00 | Rating: 4.89 / 7

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.

Project Management Processes for the True Beginner: Cost Processes

by Vijay Kanabar
December 23, 2012 | 47:32 | Views: 339 | PDUs: 1.00 | Rating: 5.52 / 7

To help you understand project cost management, this webinar covers cost estimating, budgeting and control. We use a case study richly embedded with illustrations of tools, techniques and project management templates. Our presenter, Dr. Vijay Kanabar, PMP, is a council member of the PMI New Practitioners Community of Practice. He is the director of project management programs at Boston University, has presented at PMI conferences and authored two books on project management.

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Save Time With Tools + Templates

Earned Value and Earned Schedule Analysis Worksheet

deliverable
by Wilko Reinck

This Excel sheet performs the calculation for earned value and earned schedule analysis. The forecast resulting from all KPIs [time-based SPI, CPI, CPI (internal), CPI (external) and WPI] is calculated based on the different forecast methods proposed by A Guide to the Project Management Body of Knowledge (PMBOK® Guide). The user can choose which method shall be used for each KPI.

Budget Management Sheet

deliverable
by Stefan de Vries

Once the work breakdown structure and the schedule are defined, this document can be used to plan and monitor the costs for each individual activity or work package. This template lets you subdivide an activity or work package into smaller parts (cost items). For each of these cost items, you can plan the corresponding costs in detail.

Project Financial Analysis Package

PREMIUM deliverable
by Sahan De Silva

This project financial analysis template includes four Excel sheets to help you make crucial project selection decisions based on return on investment (ROI), net present values (NPV), internal rate of return (IRR) and payback period.

Project Status Update (Presentation)

PREMIUM presentation
by Daniel Grzybek

This presentation template is a formal customer-facing status report used for medium to larger projects, or for reporting multiple projects with the same stakeholder audience.

Learn From Others

Design Your Status Report for an Audience of Leaders

by Joe Wynne

When you think of the leaders who look at your status reports as users, the look and feel of the report you use may be inadequate. Give leaders the information they need in a compelling manner by using design thinking to make improvements in how information is presented.

Project Performance Reporting

by Allen Chilmeran, PMP

Project-status reporting is intended to enable decision makers to make informed decisions that will increase the chances of achieving a favorable outcome. The process of establishing an effective and proactive reporting system that ensures engagement of the project executive team is discussed here.

3 Questions Every Sponsor Should Ask of Agile Project Teams

by Kevin Aguanno, CSPM (IPMA-B), Cert.APM, PMP, PMI-ACP, CSM, CSP, FPMAC, FAPM

While there are many governance data points that can be gathered and analyzed to help make go/no-go decisions, there are three in this writer's experience that stand out as being the most important.

Tricking the System: How to Track Costs for Projects with Internal Resources

by Cory Adcock, PMP

It can sometimes get lost that there are a great number of projects initiated every day that will never have a formal budget associated to them. It is important that PMs and management not lose sight that even internal projects can benefit from the rigor of cost management processes and EVM principles.

First-Cost Estimates in Engineering Projects

by Alexis Devenin

This is an exploration of the importance of first-cost estimates in engineering projects and how they are used to decide whether to go ahead with market studies and engineering development—or dismiss the project.

Managing a Presales Project: How Different Is It?

by Paul Visser

We generally talk about managing projects that were sold to our customers. But how about the management of a presales project? Is that just like managing any other project? Do we have the same constraints? Is it less stressful?

Weather Forecasters: Terrific Project Managers

by William Davis

Like project managers, weather forecasters predict, or forecast, what will happen in the future. But they have an advantage over most PMs when it comes to estimating future uncertainties. Weather forecasters forecast the future more than they predict the future, and forecasts are superior to predictions for aligning stakeholder expectations and improving stakeholder decision making.

Proyectos en Tiempo de Crisis: El Poder de la Priorización

by Jose Gonzalez

En temporadas de auge económico la mayoría de las empresas pueden identificar fácilmente que los proyectos permiten realizar inversiones y mejoras para el crecimiento del negocio, pero que pasa en tiempo de crisis, ¿es necesario realizar proyectos?

Stop Being Scared of Spreadsheets!

by Jirí Skrivánek

Scared of spreadsheets? Don't be! They are a necessary and valuable tool in the project manager's arsenal. This article and its accompanying template are not a step-by-step tutorial. Instead of detailed instructions, it discusses a few things that are crucial to start both managing projects and completing advanced work with spreadsheets.

Rescue Me! Understanding Triple Constraint Problems

by Michael Zekser

What constitutes a troubled project? The answer is truly in the eyes of the sponsor, but as project managers we need to measure objectively and then decide how to use those facts in our go-forward plans. Here the author puts everything in the context of the triple constraint.


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Discussion Rules

Recent Questions

Topic Originator Last Post Votes Replies
Dealing with contigency plans  Anish Abraham  Dec 7, 2017 6:27 PM  17 
Fear of losing skills  Mirza Mohibulla Baig  Nov 27, 2017 3:53 AM  26 
EV measurement in a governmental organization   SeyedReza Moosavi  Nov 20, 2017 7:20 PM  11 
Estimating - I have a ton of connections  Ken Bradshaw  Nov 10, 2017 9:51 AM 
Webvantage - what are the pros/cons from a PM perspective  Michael Prusaitis  Nov 9, 2017 5:15 PM 
EVM usage in you projects  Vincent Guerard  Nov 8, 2017 3:24 AM  25 
Budgeting and cost tracking for a Scrum project  Robert Poddar  Oct 25, 2017 3:20 AM  11 
Which project is the most cost efficient?  George Lewis  Sep 29, 2017 5:04 PM  11 
Contractor’s Rhythm & Disruption  Mohammad Rahimi  Sep 11, 2017 5:09 AM 
CPI and dashboard indicators  Betsy Green  Sep 1, 2017 10:58 AM  12 
Is anyone using JIRA as well as MS Project to manage collaboration among project team members?  Timothy Griffin  Aug 27, 2017 8:06 AM 
which is percent of basic & detail engineering in capital project?  Carlos Alberto Veron  Aug 19, 2017 8:13 AM 
 
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