article thumbnail

Project Performance Reporting: Key Performance Reports

ProjectManager.com

Learn more How to Measure Project Performance When measuring project performance, you’re actually tracking specific project metrics. You might have noticed that the project management triangle is in there. That’s because it’s three of the main project constraints, but not the only ones.

article thumbnail

What is the Management Reserve for Project Budgets?

Project Risk Coach

Have you ever run out of money for a project? Unforeseen risks knock at your door. You look at your budget, but you don't have the funds to respond to these risks. Let's explore management reserves for projects, who controls them, and how to estimate the reserves. These risks are known – that is, they've been identified.

Budget 284
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Webinar Recap: Project Performance Measurement – Part 3: Using MS Project to Track and Report on Performance

MPUG

Please find below a transcription of the audio portion of Fletcher Hearn’s session, Project Performance Measurement – Part 3: Using MS Project to Track and Report on Performance, being provided by MPUG for the convenience of our members. This one’s titled using MS Project to track and report on performance.

article thumbnail

125 Project Management Buzzwords

The IIL Blog

Continuous Improvement The ongoing effort to improve a project process, product, or service to achieve better results. Cost Estimation The process of estimating project costs is done by leveraging historical data, expert judgment, or quantitative models. Feasibility Study An analysis of a project’s viability.

article thumbnail

A Complete Guide to PMIS

ProjectManager.com

PMIS is made to support all aspects of project management and the information they monitor or collect. That’s a lot of information to keep track of, and when managing a project, it is crucial to be able to immediately pluck that information required at that moment out from all that data. Therefore, a PMIS is so important.

article thumbnail

Different Project Management Terms Beginners Should Know

ProProfs Project Management

The shortest time estimated to complete a specific project task or activity is known as optimistic duration. Performance Measurement Baseline. This creates a point of comparison of all the other baselines to evaluate project performance. Risk is any positive or negative event that can affect project execution.

article thumbnail

Risk Management in Five Easy Pieces, with Apologies to Jack

Herding Cats

Managing Cost, Schedule, & Technical Performance Risk Is The Basis Of Good Project Management. Risk management is essential to the success of any significant project. Certain information about key project cost, performance, and schedule attributes are often unknown until the project is underway.