In this article, we will make a detailed analysis of the PRINCE2 vs PMP Certification topic from salary prospects and industry needs points of view. Professionals working in the project management field usually wonder about how to become a certified … Read more
If you are working in the field of project management, you must have heard of a Gantt Chart. But what is it and what are the pros and cons of a Gantt Chart? Is it software for advanced project management … Read more
Professionals who aim at building up a career as a project manager must learn how to create a complete and comprehensive project schedule. Basically, a schedule is a list of project deliverables, tasks, and milestones with planned start and finish … Read more
There are many tools and techniques used in project management to measure the performance of a project. One of the most popular tools used for this purpose is the Earned Value Analysis. This method allows the project team to measure the … Read more
Earned Value Analysis (EVA) uses specific parameters that help you to measure the current performance of a project. You can determine the project’s cost and schedule over-runs at any stages with them. They evaluate how the project is performing by … Read more
Project procurement management involves more commercial decision-making than most project managers are trained for. Not the administrative side — issuing purchase orders, filing contracts — but the decisions that actually determine project outcomes: what to outsource, what contract structure to … Read more
I failed a practice PMP question on close procurement vs close project the first time I saw it. Not because I hadn’t read the material — I had — but because the question was asking about sequencing and I’d been … Read more
There are roughly a dozen formulas in the earned value management formula set. Most EVM training presents them in a tidy sequence — PV, EV, AC, then the variance formulas, then the indices, then the forecasting formulas — as if … Read more
Something bothered me for a long time about how earned value management gets taught. Pick up any earned value management example or training material and you’ll find the EAC formula — Estimate at Completion, the forecast of total project cost … Read more
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