Fast Tracking and Crashing are schedule compression techniques which are applied during develop schedule process to shorten an already developed schedule. The purpose of using schedule compression techniques is to try to compress the schedule (shorten the project duration) without … Read more
Precedence Diagramming Method (PDM) is a visual representation technique which is used to prepare the project network diagram and determine the critical path. Unlike the arrow diagramming method , activities are presented as boxes in PDM. One of the main … Read more
Arrow diagramming method (ADM) is a network diagramming technique in which activities are represented by arrows.[1] It is also known as the Activity-On-Arrow (AOA) method. It has been used a long time to determine the critical path and identify resource … Read more
Six Sigma is a powerful problem solving and process improvement tool which is developed by a quality assurance engineer Bill Smith at Motorola in 1986. Then it was registered in 1993 as a trademark of Motorola. The CEO of General … Read more
Close Procurement vs Close Project – Procurement is the operation of planning, tendering, purchasing goods, materials and/or services from an outer source. Project procurement management is the act of acquiring resources, goods, materials, and services required to complete the project on time … Read more
If you want to learn the key concepts of process improvement, you are in the right place. Ensuring high quality and improving customer satisfaction is often difficult for the companies. Therefore companies and organizations are looking for the ways of … Read more
Organizations are formed in different structures such as projectized organizational structure, matrix organizational structure, functional organizational structure , composite organization, etc. In our previous articles, we have discussed different types of organizations. Unlike other types of organizations, in Projectized Organizational … Read more
If you are preparing for the PMP Certification exam, most probably you asked the following questions yourself – What are the similarities and differences between control and run charts? and Why are they so important for process control? Basically, Control … Read more
In this tutorial, we will discuss the three metrics (Planned Value, Actual Cost and EV) of Earned Value Analysis in detail and analyze an illustrated example for better understanding. Basically, Earned Value Management (EVM) is a project management technique for … Read more
What is the importance of Decision Tree Analysis in project management? Today, we are going to discuss the significance of decision tree analysis in statistics and project management by using example problems and solutions to illustrate its benefits. An effective … Read more
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