Schedule Network Analysis Methods

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. Read More

Earned Value Management System

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 project. EVM was developed in 1960’s by Department of Defence (DOD) to keep track of defence projects. Read More

PMP Certification Benefits Organizations & Individuals

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 in 208 countries and has 484,524 members. In this post let us see what benefits does PMP certification offer to both the individual as well as the organization. Read More

15 Benefits of a Project Management Plan

Benefits of a Project Management Plan Project Management Plan: A project management plan is the collection of outputs of the project planning processes. It defines how the project is executed, monitored and controlled and closed. The project management plan needs to be updated and revised throughout the Integrated Change Control Process. The Project Management Plan… Read More