PMP

There is already a lot of stuff regarding Earned Value Management; still, people ask for it. Let me also try to put some insight, and I hope you will get […]

Both of the terms are quite confusing sometimes, and let me clear this straightaway that; Scope of Work is just a section in the Statement of Work. Statement of Work

To Complete Performance Index – TCPI is a tool that helps the project manager to estimate the budget required for the project completion. It also calculates the efficiency required in

To start with, there can be more than one project life cycle in one product life cycle. The project life cycle & the product life cycle are quite confusing terms

As the name suggests – Rough means not with that much accuracy (-50% to +50% ) Project cost estimation starts before initiation as the Owners want to know how much

Expected Monetary Value Analysis (EMV) is a statistical technique used to quantify the risks. This technique helps in determining the overall contingency reserve required. That contingency reserve is then made

The critical chain method is one of the key tools and techniques for developing a project schedule. To understand the Critical Chain, we have to look at how a project

When I was doing my PMP preparations, I came to know these terms, and to be honest; these were confusing for me. But later on, all was crystal clear as

PERT – Program (Project) Evaluation Review Technique is a project management tool & is a graphical representation of a project’s timeline. PERT charts were introduced by the U.S. Navy consultants

PRINCE2 is derived from the earlier PRINCE (Projects IN Controlled Environments) project management method, which was initially developed in 1989 by the Central Computer and Telecommunications Agency (CCTA) as a