Guatemala has embarked on an ambitious program to reduce dependency on oil-based power generation by 50% in 15 years. Based on the 2007 findings of the Institute of Energy of Japan, Guatemala has increased electrical generation from hydro power plants by installing power plants ranging from 5MW to 40MW. However there are risks arising from the needs of local communities and environmental groups requiring effective communication strategies. Further there are technical design risks associated with the calculation of head (altitude) and flow that drive the investments needed for the turbine, generator and piping diameter. Monte-Carlo simulation can be used to assess the confidence in field data for these design parameters.
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The author presents a practical approach for the application of earned value focused on better project scope definition and project plan creation, both based on results. Project progress is credited only if deliverables are completed or milestones are achieved, increasing the objectivity of project performance measurement and probability of success.
This article highlights why project financial assessment is so prone to errors during project monitoring, and illustrates a better practice for applying earned value to analyze and report project schedule and cost data quickly and accurately.
Building trust on a team is one of the greatest challenges faced by project managers. This article explains how project managers can earn trust with project team members. In doing so, it identifies characteristics and behaviors essential for creating trust with team members. In addition, it lists four requirements for building trust.
Congratulations! You've passed the PMP exam! But your work isn't finished...now you need to shift your focus to earning the 60 PDUs required to maintain that credential you worked so hard for. If you follow this six-step plan of attack, you'll be well on your way.
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