MS Project Summary Task Is Not WBS

Microsoft project allows users to group project activities into what is known as summary task. By following simple steps any task can be converted into a summary task. In order to create a summary task, all you need to do is to indent a task just below it. It is a useful tool that can… Read More

EVM Techniques To Forecast Project Cost Performance

Earned Value Management is an effective tool for analyzing project progress and also forecasting schedule and cost performance of the project. At some point in time project managers have to face the undermentioned questions on future performance of the project cost. What is the remaining work likely to cost? What is the entire project likely… Read More

Project Monitoring Using Cost, Schedule Variance & EVM Performance Indicators

In order to ensure that the project is completed on schedule and within the assigned budget, project manager, project team and the management needs to know factors affecting project health and what the future scenario of the project looks like? Earned Value Management methodology is an analytical tool that uses data generated during the course… Read More

Earned Value Management: An Integrated Approach To Performance Measurement

The Performance Measurement Baseline EVM as Earned Value Management is popularly known, is a technique used to track the progress and report current status of a project, it is also used to forecast the future performance of the project. EVM is an analytical tool that systematically integrates measurement of cost, schedule, and scope accomplishments on a… Read More

Wrong Cost Estimates? – Solutions to Improve Project Profitability

During project execution most of us have dealt with the issue of wrong cost estimates. This issue becomes a serious concern especially when you are working on a fixed price contract, these contracts pose a great risk to project margin as the team has to work with zero escalation of costs until the delivery of… Read More

Benefits of PMP Certification

What is PMP certification? PMP is an abbreviation for Project Management Professional, it is a professional certification offered by a not-for-profit professional membership association for the project, program and portfolio profession called Project Management Institute (PMI) based at Pennsylvania, USA. According to the May 2017 edition of PMI Today, PMI has 286 chapters, is spread… Read More

A Step-by-Step Guide To PMP Certification

Project management professionals engaged in managing projects big or small, simple or complex have a  desire to attain the PMP certification. PMI Today May 2017 edition puts the total active holders of PMP credential to 761,905,  making it by far one of the most sought after professional credential world over. It not only showcases that… Read More

12 Essentials for a Project Manager

Project Managers often have to function without formal authority over their teams with in the organisation. They are sometimes refereed to as the “King” but in actual sense they do not posses any legitimate control in the organisation. Project Managers are expected to produce results by working outside the hierarchical structural of the organisation and with out… Read More

Perils of Matrix Organisation Structure

Given the complex nature of engineering projects, it is pertinent to mention that there should be a well defined project organization structure at all times. Project teams should know exactly who to report for all matters of the project, diluting this structure affects the overall team dynamics and greatly impairs project progress. An engineering project… Read More