MilestoneTask Project Management Best Practices & PMP Resources.

MilestoneTask offers project management resources for professionals and pmp aspirants. The resources on this blog can help enhance efficiency and also provide an indispensable study reference.

This blog is a compendium of knowledge and skills acquired during real world execution of challenging projects. The blog posts at Milestonetask.Com are nothing but carefully crafted compilation of valuable experience gained in implementing project management best practices.

Atul Gaur PMP, the author of this blog is a certified project management professional. Atul has rich and diverse project management experience of over two decades. An alumnus of MIT-Manipal and MDI-Gurgaon, Atul Gaur PMP is also an Indian Navy Veteran.

Apart from various corporate assignments Atul has also served on-board naval warships and a ship repair yard. To know more about Atul Gaur PMP, please visit the resume page.

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Project Management Resources

Resources

Resources for Professionals & PMP Aspirants

MilestoneTask consists of essential resources for professionals managing projects and pmp certification aspirants. Tools & Techniques section on this blog features articles that can help improve  project management skills and enhance project delivery.

PMBOK 5th Edition Study Notes

PMBOK 5th Edition Notes

PMBOK 5th Edition Study Notes PMBOK study notes in this page can act as a reference for understanding various project ...
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PMP Formulas for pmi exam

PMP Formulas

List of Important PMP Formulas for Certification Exam This post enumerates important PMP formulas required for Project Management Professional (PMP) ...
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Earned Value Formula and S Curve

Earned Value Formulas

Earned Value Formulas A Comprehensive Reference Guide Professionals as well as pmp aspirants frequently need to refer to earned value ...
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Net Present Value Calculation Steps for PMP Exam

Net Present Value (NPV) Calculation Steps

Net Present Value Analysis is a financial cash flow analysis technique that helps in project selection. Moreover, NPV project selection ...
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Earned Value Management Example

Earned Value Management Example

The blog post earned value management example attempts to solve earned value analysis example problems to understand basic concepts of ...
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Critical Path Analysis Solved Example

Critical Path Analysis Solved Example

Project scheduling tools like MS Project generate critical path with utmost ease. However, it is necessary to understand the critical ...
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About the Author

Profile

Atul Gaur PMP

Atul Gaur is a certified Project Management Professional (PMP) & Ex India Naval Officer with established credentials of successfully delivering critical projects across industry verticals.
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Net Present Value is a financial analysis technique that evaluates project profitability. It is a useful project selection technique. NPV project selection criteria falls under the classification of benefit measurement method. Further, NPV analysis uses discounted cash flow method to assess project profitability. In fact, major advantage of NPV method is that it uses time value of money.

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Program Evaluation and Review Technique (PERT) and Critical Path Method both are project schedule development and analysis techniques. Both these techniques establish the critical path in a schedule network diagram. However, both CPM and PERT use different approach to arrive at the critical path and activity duration estimates. The following blog post highlights difference Between CPM and PERT.

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There are a number of project management formulas to perform quantitative analysis, but from pmp exam point of view there are a few important ones. Key areas such as Earned Value Analysis, Critical Path Analysis, and Procurement Management require use of Quantitative skills. Hence, this post enumerates important mathematical formulas required for Project Management Professional (PMP) certification exam.

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Project selection methods have a vital role during project initiating phase. In fact during the project selection process a project manager rarely has any involvement. However, knowing the essentials of the project selection process adds value to the overall project execution. Moreover, those aspiring for the pmp certification examination need to know the basics of project selection criteria.

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Program Evaluation and Review Technique (PERT) is a project schedule development and analysis technique that represents a sequence of activities and activity relationship in a graphical format. PERT uses Arrow Diagram Method (ADM) technique to construct the network diagram. Activity-on-Arrow is an example of ADM method. PERT uses three-point estimation technique to arrive at the estimated duration.

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Project schedule network analysis is an analytical technique to identify critical path in a schedule network diagram and generate critical activities. It further specifies the degree of schedule flexibility in a given network logic. The output of schedule network analysis is a schedule model. This project schedule model serves as a basis for project execution, analysis, controlling and reporting.

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Earned value management system is a robust methodology to integrate schedule, scope, and cost baselines of a project. EVM is an analytical tool that also uses variances to track schedule and cost performance of a project. It further uses efficiency indicators to forecast project health. Though EVM analysis offers numerous benefits, implementing this technique offers some challenges.

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Project variance analysis is an important technique that allows project teams to constantly compare planned performance with actual project data. Hence, it assists project teams in identifying and analysing deviations in project performance. In simple terms, variance analysis is the variation between plan and actual project performance. It further helps to identify causes and assess severity of deviation.

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Understanding of earned value project management concepts is critical to successful implementation of this technique in real life projects. Solving earned value management example problems can not only help understand the concepts but also assist project management professional aspirants prepare for the pmp certification examination. This post consists of 3 basic types of evm problems.

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The Guide to The Project Management Body of Knowledge (PMBOK Guide)® is an indispensable resource for project managers as well as for PMP aspirants. The guide includes the standard for project management, key concepts and project management processes. The PMBOK guide fifth edition was published in 2013, In September 2017 PMI released the PMBOK 6th edition.

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While developing the project schedule it is imperative that all activities that relate to project success are clearly identified. These identified activities are then analysed for relationships that exists among them so that a well-structured and a logically correct schedule network diagram can be established. Dependencies and logical relationships help to establish the relationships among various project activities.

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Critical path analysis is the process of identifying the longest path in a schedule network diagram. It not only indicates completeness of project schedule but also helps to ascertain degree of schedule flexibility. Moreover, critical path analysis also reveals the minimum duration required to complete a project. Critical Path Method (CPM) is the most popular project schedule analysis technique.

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Awards & Accolades

Achievements

PMP Certificate

Atul Gaur is committed to the profession of managing projects successfully and has therefore achieved the global credential in Project Management Professional (PMP) certification in Feb, 2016. The extract of PMP certificate is available here.

Best Suggestion

As Project Manager for Process & Energy Engineering Unit Atul Gaur participated in an organization wide change management program. Atul received the Best Suggestion Award for recommending improvements to Project Management Processes.

Articles Indian Navy

As a commissioned officer Atul Gaur has authored various articles for the Indian Navy. The ones that were awarded are Digital battlefields, weld repairs to water drum of aircraft carrier and titanium fabrication of snort exhaust trunking for submarines.

Communication

Atul Gaur expressed his views on roadblocks encountered during virtual communication. These views were published in an article Open Lines on the Open Road in February 2014 edition of PM Network – a PMI publication. Extract of the article is placed here.

Tools & Techniques

Visit the resources page and download essential tools

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