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 are nothing but carefully crafted compilation of valuable experience gained in implementing project management best practices.

Atul Gaur, 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 is also an Indian Navy Veteran. Apart from various corporate assignments Atul Gaur has also served onboard naval warships and a ship repair yard. To know more about Atul Gaur, please visit the resume page.

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Project Management Skills

Competencies

Capabilities

Profound project management competencies, adept in managing complex naval boiler re-tubing projects to highly demanding engineering, procurement and construction projects. System oriented uses structured approach to solve problems.

Profitability

Proficient in using Microsoft Project as scheduling tool, apply global benchmark practices to develop WBS, activity list and activity dependencies. Skilled in applying S-Curve for tracking deliverable and implement EVM for schedule and cost control.

Leadership

Capable of leading a multi-disciplinary team of professionals in matrix as well as projectized organization structure. Atul can lead a project right from takeover from market segment until handover of the project to end customer.

Satisfaction

Methodically review projects, work out variances and initiate corrective and preventive actions. Involve project team in the review processes and use interactive presentations to report the project progress to stakeholders.

Value System

Driven by core Naval values that are deeply imbibed in thoughts and action. Absolutely process oriented and unbiased in approach. Believes in fulfilling contractual obligations without impacting project profitability.

And More…

Continue reading more on MilestoneTask to know about nuances of project management and also benefit from the essential resources that can help project management professionals as well as pmp aspirants.

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The Author

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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Project schedule network analysis is an analytical technique to identify critical path and list of critical project 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 further project execution, analysis, and reporting. Critical Path Method (CPM) is the most common schedule network analysis technique. Other techniques include PERT, CCM, What-if analysis and resource optimization.

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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. The following paragraphs enumerates important earned value management challenges.

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Monitoring and Controlling of project work requires constant review of planned vs actual data of project work. Earned Value (EVM) project management technique offers mathematical equations for arriving at schedule and cost variance but there are many organizations that do not use earned value management techniques for project monitoring and controlling. Whether a project deploys evm techniques or not, it is necessary that the present performance of the project is compared against

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Implementation of EVM technique offers some challenges and the most important ones are developing implementation methodology, assessment of percentage work completed, timely collection of work progress data, and availability of actual cost data as organizations have different principles in collection and reporting of actual project cost data. Given the challenges faced with implementation of earned value management technique it is still an effective tool.

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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 and key concepts and project management processes that can be used in any industry. The PMBOK guide fifth edition was published in 2013 and was due for an update. In september 2017 PMI released the PMBOK 6th edition.

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While developing the project schedule it is imperative that all project 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 network of project activities can be established. A logically correct schedule network can help the project team in concentrating on sequence of activities essential for project success.

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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. Most of the scheduling programs use PDM technique to construct the schedule network diagram. Hence Critical Path Method (CPM) is the most popular project schedule analysis technique.

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Critical path method network analysis ensures that there are no schedule slippages and cost overruns. The critical path method specifies the extent of schedule flexibility permissible in a given logical relationship. CPM analysis further allows the project team to work out various scenarios of schedule delays. Critical path method also helps to establish a probabilistic estimates of project completion targets. Further, critical path method in project management also facilitates accurate assessment of schedule risk.

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Summary task as the name signifies are project activities used for structuring the project schedule. Summary tasks are not assigned any predecessor and successor and are also not assigned any duration or resources. MS Project automatically calculates the duration, start, finish dates and the cost associated with the summary task based on the information of the associated sub task. In order to create a summary task in MSP, all you need to do is to indent a task just below it.

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Project managers must face questions on future performance of project cost. The most commons questions are (a) What is the remaining work likely to cost? (b) What is the entire project likely to cost? (c) How much will be over or under budget at the end of the project? Earned Value Management technique has a set of highly effective and proven tools to forecast project cost performance. This blog post uses evm graphs to explain how earned value management (evm) formulas can help forecast project cost.

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PMP examination that offers numerous benefits to both individuals and well as the organizations is a gruelling four-hour long test which needs to be completed in one sitting. A total number of 200 questions needs to be answered in a time frame of 4 hours. The PMP Handbook specifies the distribution of these questions across various process groups. The data is reproduced below in graphical format. All 200 questions that needs to be answered are not accounted for scoring

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Earned Value Management Analysis methodology is an analytical tool that uses data generated during project execution. Analysis of the collected data reveals the present state of the project. Further, analysis of the trends in the data can forecasts the future project performance. The collected data when compared to a baseline indicates variances in project performance. Earned Value Analysis also assists project manager and the project team in initiating corrective actions and recommending preventive actions.

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Awards & Accolades

Acknowledgement of Skills

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.

Mistake? Solution

Atul Gaur expressed his views on common mistakes that occur in project management like blowing cost estimates, failing to escalate, and keeping strategy close to the vest, views were published in PMI Career Central article titled Mistake? Solution.

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.

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.

Tools & Techniques

Visit the resources page and download essential tools

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