Remove Controlling Remove Defining Remove Monitoring Remove Performance Measurement
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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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6 Tools and Techniques for Controlling Risks

Project Risk Coach

What tools and techniques can project managers use for controlling risks and getting the results they are looking for? Let’s look at six tools and techniques recommended in the Project Management Body of Knowledge (PMBOK) 5th Edition for controlling risks. Risk Control Tools and Techniques.

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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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RAG Status in Project Management: Importance & Benefits

ProjectManager.com

Then we’ll define RAG status tolerance and go into the various project professionals who use RAG status when evaluating a project. When using RAG status, it’s first important to know how to define each color so you can use it to track your projects. In other words, the project is under control. That’s what a RAG status does.

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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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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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The 5 Phases of Project Management Process and Techniques

NimbleWork

Project management is a multifaceted discipline that combines techniques, processes, and strategies to plan, execute, monitor, and control projects effectively. Initiating: This process involves defining the project and obtaining authorization to begin work. The Five Project Management Processes: 1.

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