You will need to calculate the Estimate at Completion on a regular basis when you are managing a project. At a minimum, you should do this when your cost controlling suggests that your cost or schedule might deviate from the plan or budget. You will also want to follow up if you feel, or team …
An important part of project management concerns the forecasting and management of cost. In fact, this is often one of the most prominent topics in project status reports and discussions with project sponsors and stakeholders, given the importance of budget constraints. Schedule Performance Index (SPI) and Cost Performance Index (CPI) are useful and comparatively simple …
Schedule & Cost Performance Index, with Formulae & Examples (SPI/CPI) Read More »
Whether you need to compute the cost performance index (CPI), the schedule performance index (SPI), the cost variance (CV) or schedule variance (SV) for your project, self-study or PMP exam preparation, you will find this calculator useful. Simply fill in your actual cost, your planned value for a particular period or cumulative for the entire …
Calculator for Cost/Schedule Performance Index (CPI/SPI) & Variances Read More »
Agile project management refers to the management of agile projects, being the counterpart to traditional project management in (relatively) predictive projects. What Is Agile Project Management? Agile project management – originally referred to as “Agile Software Development” – is a set of principles and values rather than a methodology. They have their roots in the …
What Is Agile Project Management? Definition & Agile Methodologies. Read More »
There are probably a million definitions of the term “project” out there. Most of them look at projects from a certain angle or perspective and define projects in their own unique way. However, there are also some characteristics and elements that most definitions of projects have in common. Those common aspects are a good starting …