Critical Path Method Network Analysis

Critical path method in project management helps to identify a sequence of activities that requires close monitoring. This sequence of activities is known as critical path. It is the most important outcome of critical path method (cpm) network analysis process. Hence, critical path method network analysis technique ensures that there are no schedule slippages and cost overruns. Read More

Forecast Project Cost Earned Value Method

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. Read More

PMP Exam Questions – A Brief Analysis

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. Read More

Earned Value Management Analysis

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. This also helps in initiating corrective actions. Read More