Estimate at Completion Title

Estimate at Completion (EAC) – with Formulae & Examples

If you want to forecast the project cost for the completion of the entire project, you will need the indicators “estimate at completion (EAC)” and “to-complete performance index (TCPI)”. Both are part of the data analysis techniques of the control costs process in the PMI’s Project Management Body of Knowledge (PMBOK, 6th edition, p. 263-265). …

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Product Owner looking at a whiteboard

What Is the Product Owner Role in Agile Projects?

In traditional waterfall projects, all requirements need to be identified and fixed upfront while deviations must pass the change management processes. This is not the case in agile projects: teams applying agile approaches claim to embrace changes and often actively seek feedback on products and increments to enhance and improve them during the project. In …

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Product Manager vs Product owner

Product Manager vs Product Owner – What Is the Difference?

When it comes to job titles and roles, organizations tend to be quite creative in assigning great-looking labels to certain roles (and printing them on business cards). Over the past one to three decades, the title “product manager” has grown in popularity. Meanwhile, the responsibility of the role changed from being responsible for a product …

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Schedule performance index, cost performance index, formula, example

Schedule & Cost Performance Index, with Formulae & Examples (SPI/CPI)

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 …

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Calculator for CV, SV, CPI, SPI

Calculator for Cost/Schedule Performance Index (CPI/SPI) & Variances

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 …

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A white board used for Agile Project Management

What Is Agile Project Management? Definition & Agile Methodologies.

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 …

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Scrum as a methodology for agile project management

Agile Project Management with Scrum Methodology

Being “agile” has become a popular aim in many organizations. However, agile project management is actually a group of different approaches and methodologies rather than a methodology itself. Scrum is one of the most popular agile project approaches (we will discuss later whether it is a methodology) thanks to its widespread and easy-to-understand principles. Agile …

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