# PMP

## What is Earned Value Management | Formulas | Graphs

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 …

## Project Statement of Work & Scope or Work | Difference

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) | Formula & Examples

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 …

## Project Life Cycle vs Product Life Cycle | Graphs Explained

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 …

## What is Rough Order of Magnitude | Example | How to Perform?

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 …

## How to Calculate Expected Monetary Value | Simple Examples

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 …

## Critical Chain Method in Project Management | Buffers & Float

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 …

## Project Expediter vs Project Coordinator

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 Evaluation Review Technique | Simple Approach

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 …

## What is PRINCE2? | Definition, History & Benefits | UK

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 …

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