article thumbnail

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

ProjectManager.com

Relatively new, the balance scorecard was introduced in 1992 by David Norton and Robert Kaplan, by taking existing metric performance measures and adapting them to include nonfinancial information. The balanced scorecard measures four aspects of a business or organization: finance, customers, business processes and learning and growth.

article thumbnail

Webinar Recap: Project Performance Measurement – Part 1: Overview Of Project Performance Measurements

MPUG

Please find below a transcription of the audio portion of Fletcher Hearn’s session, Project Performance Measurement – Part 1: Overview Of Project Performance Measurements, being provided by MPUG for the convenience of our members. Kyle: Hello, and welcome to part one of MPUGs Project Performance Measurement course.

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 2: What to Measure and How to Report

MPUG

Please find below a transcription of the audio portion of Fletcher Hearn’s session, Project Performance Measurement – Part 2: What to Measure and How to Report, being provided by MPUG for the convenience of our members. Kyle: And welcome to Part 2 of MPUG’s Project Performance Measurement course. million.

article thumbnail

Best PMI-ACP Exam Prep Books

Rebel’s Guide to PM

Below, I list the best agile books for your certification studies. I believe you won’t need to read all of the books on the agile exam reading list, so pick one or two that suit your budget and your learning style. Note that they aren’t exam study guides i.e. they are not designed to help you get through the syllabus.

PMI 195
article thumbnail

Time is Money: The Importance of Earned Value Management

MPUG

Let’s define such using PMI as our guide: Earned value (EV) is the measure of work performed, expressed in terms of the budget authorized for that work. Planned Value (PV) is the authorized budget assigned to scheduled work, the total budgeted cost of the planned work. EVM in Microsoft Project.

article thumbnail

125 Project Management Buzzwords

The IIL Blog

hours, personnel needed, and/or tasks) to ensure that a project can be completed on time and within budget. Change Control A formal process of documenting, reviewing, approving, and managing a change to a project’s scope, schedule, budget, or quality parameters. Feasibility Study An analysis of a project’s viability.

article thumbnail

Different Project Management Terms Beginners Should Know

ProProfs Project Management

The amount of money allocated to a specific project is referred to as the project budget. Performance Measurement Baseline. This creates a point of comparison of all the other baselines to evaluate project performance. Feasibility Study. It can also refer to a comprehensive set of expenses or revenues. Gantt Chart.