Critical Path Method Schedule 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

Summary Task MS Project and WBS Differences

Microsoft project allows users to group project activities into what is known as summary tasks. It is a useful tool that can be used to organize project activities. However, there are some do’s and don’ts associated with the use of summary tasks like duration and resources are not assigned to a summary task. Many people refer to MSP summary task as project work breakdown structure (WBS), which is incorrect. 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

Earned Value Analysis Project Management

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

Earned Value Management Methodology

Earned Value Management (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. It is a technique used to track project progress and report project’s current status, it is also used to forecast future performance. Read More

Project Planning and Scheduling Fundamentals

Fundamentals of project planning and scheduling is a post highlighting the basic points that needs to be considered while developing a project schedule. Background 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… Read More

Daily Project Execution Plan Complete Guide

This article intends to guide in preparing a daily project execution plan that can help a project manager in taking control of activities and channeling his efforts in meeting the milestones or project deliverable. Importance of planning A project manager needs to plan all activities required to achieve project deliverable, latest project planning software’s are… Read More