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How to Create a Performance Measurement Baseline for Your Projects

ProjectManager.com

Ideally, project managers know better than to execute their project plans without a performance measurement baseline. A performance measurement baseline provides a window into the project that allows project managers to see roadblocks and resolve them before the project hits a dead end. Learn more.

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What Is a Balanced Scorecard? (Example & Template Included)

ProjectManager.com

If you’re not familiar with a balanced scorecard, we’ll define the term and show the four perspectives it tracks as well as explain what should be included in a balanced scorecard. The balanced scorecard measures four aspects of a business or organization: finance, customers, business processes and learning and growth.

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9 Types of Artifacts in Project Management

Rebel’s Guide to PM

In project management, artifacts relate to documents: the project documentation you produce that defines and supports the work you are doing. Here are some examples: Budget Milestone schedule Scope baseline Performance measurement baseline. What is an artifact? An artifact is something you create. Visual data and information.

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Cost Performance Index (CPI) In Project Management

ProjectManager.com

Now, we’re ready to find out the cost performance index by dividing the earned value, which is 500, by the actual cost which is 500. That gives us a cost performance index of one. As defined earlier, the cost performance index will determine if you’re on the right track budget-wise. What Does the CPI Result Mean?

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Performance Reporting for Projects: A Quick Guide

ProjectManager.com

For a successful project, you need an overall picture of your work performance information (WPI). Performance reporting provides that information by putting performance measurement, quality assurance and accountability data in context. What Is Performance Reporting? Key performance indicators (KPI).

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Project Artifacts and How to Use Them

Rebel’s Guide to PM

Mostly, the term refers to the project documentation you produce that defines and supports the work you are doing. Here are some examples: Budget baseline Milestone schedule Scope baseline Performance measurement baseline. Your PMO may define mandatory artifacts: a list of project documents that you must create for each project.

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6 Tools and Techniques for Controlling Risks

Project Risk Coach

PMBOK 6th Edition The PMBOK 6th Edition changed the process name of "Control Risks" to "Monitor Risks." Monitor Risks is the process of monitoring the implementation of agreed-upon risk response plans, tracking identified risks, identifying and analyzing new risks, and evaluating risk process effectiveness throughout the project."