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48 items found

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Complicating the Project: When Simple Math Will Do

by Paul Baumgartner, PMP

Why inject complexity into your projects when elementary math will suffice? Cut through the quantification using these three simple formulas when engaging with stakeholders.

PM Lessons Learned from Life Sciences

by Michael Hanafin

Having worked as a project manager delivering technology solutions to life sciences clients for close to a decade, this author has noticed common themes that help ensure project success. Here are six project management takeaways from delivering projects to regulated companies.

The Limits of the Linear Approach to Schedule Variance

by Vladimir Malinovskiy

In this article, schedule variance is modeled to show the comparison and relationship of actual project progress and the schedule baseline. The underlying linear model of the schedule performance index (SPI) is explained and visualized with the budget square chart. The limits of the linear SPI approach are shown, and then an improved non-linear visualization is explored.

The Earned Value Budget Square

by Vladimir Malinovskiy

The article is devoted to the underlying mathematical concepts of earned value: linear function, Cartesian coordinates and tangent. The EV visualization named “budget square” is derived from these concepts—and helps us master the earned value concept for both certification and practical needs.

Staying Sustainable After Launch

by Carleton Chinner

Most projects don't end with their launch date—they have an active lifespan and eventual decommissioning. Do you know what the true end-to-end cost of your project is?

The Integration of Agile and EVM

by Mario Coquillat

When agile practices are implemented for the first time in a waterfall environment, more predictive techniques like earned value management (EVM) will need to be integrated. Here, a practitioner looks at two sprint examples to explain how this approach works.

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.

Topic Teasers Vol. 112: PMBOK® Guide—Sixth Edition New Earned Schedule Theory

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

Question: One of my colleagues told me that they are changing the earned value management (EVM) formulas. We have many projects in progress, with automated charts and spreadsheets configured with the current calculations I was taught to use in my Project Management Professional (PMP®) certification exam prep training. Is this true that the math is being altered by PMI?

Scheduling: Walk Before You Run

by Guilherme Calôba, PMP

When it comes to scheduling, you cannot do advanced tasks before covering the basics. Most people want to do PERT analyses and critical path sensitivities, Monte Carlo simulations and applications of earned value techniques. Those tools can be helpful in providing guidance for better decision making, but a lot of ground must be covered first.

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.

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