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Delivering Project Management Excellence
Program Evaluation and Review Technique (PERT) and Critical Path Method both are project schedule development and analysis techniques. Both these techniques establish the critical path in a schedule network diagram. However, both CPM and PERT use different approach to arrive at the critical path and activity duration estimates. The following blog post highlights difference Between CPM and PERT. Read More
Project schedule network analysis is an analytical technique to identify critical path in a schedule network diagram and generate critical 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 project execution, analysis, controlling and reporting. Read More
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. Read More
Project variance analysis is an important technique that allows project teams to constantly compare planned performance with actual project data. Hence, it assists project teams in identifying and analysing deviations in project performance. In simple terms, variance analysis is the variation between plan and actual project performance. It further helps to identify causes and assess severity of deviation. Read More
Understanding of earned value project management concepts is critical to successful implementation of this technique in real life projects. Solving earned value management example problems can not only help understand the concepts but also assist project management professional aspirants prepare for the pmp certification examination. This post consists of 3 basic types of evm problems. Read More
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. Critical Path Method (CPM) is the most popular project schedule analysis technique. Read More
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
