Assumptions and Constraints in Project Management

Assumptions and Constraints in Project Management

Assumptions and Constraints Many projects begin with limited accuracy. Only a few of them begin with adequate certainty.Some issues and facts are known at the beginning but most isssues and parameters must...
PERT Method Example

PERT Method -Program Evaluation and Review Technique

The PERT Method (Program Evaluation and Review Technique) is one of the common methods of network analysis which is used to coordinate complex tasks. It is similar to the Critical Path Method(CPM)....
Stakeholder Identification in Project Management

Stakeholder Identification in Project Management

Stakeholder identification is an initial phase in project management. Stakeholders are individuals, groups, organizations who can affect or be affected by a project. There can be many stakeholders depending on the...
Planned Value,Actual Cost,Earned Value

Earned Value Management (EVM) Example

Earned value analysis is an efficient technique to realise and manage the project's performance. Organizations across all the industries use Earned value analysis and Earned Value management techniques to understand the...
Claim Analysis in Construction Industry

Tips for Claim Analysis in Construction Industry

In a construction project, claim prevention can be done effectively during the bidding and design phases. Well prepared contract and design documents offer great opportunity for claims prevention. Once the construction...