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

10 Project Management Pitfalls To Avoid

(a) Scope Management: All projects whether small or large should have a clear well defined scope. The scope definition should also be included while assigning work to various sub contractors or vendors liable to supply products / services. Lack of clarity in scope between buyer and seller and the associated vendors, suppliers, subcontractors affects the overall… Read More

Fundamentals of Project Planning and Scheduling

One of my smooth progressing engineering project was suddenly jolted by numerous emails and phone calls from the project sponsor asking the management to expedite activities at site. The project was going on quite smoothly as it had the best plan to back it up and we all hoped that things would go as planned but… Read More