Remove Controlling Remove Defining Remove Performance Measurement Remove Project Cost
article thumbnail

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. Without that knowledge, the project is running blindly, and anyone who’s tried this knows the dangers. What Is a Performance Measurement Baseline? Learn more.

article thumbnail

Cost Performance Index (CPI) In Project Management

ProjectManager.com

Projects cost money. But what’s harder to discern is if the project is worth the investment. The last thing stakeholders want is to discover the project isn’t financially effective. That’s where the cost performance index comes in. It can also help to make your budgeted resources more cost-effective.

Insiders

Sign Up for our Newsletter

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

article thumbnail

125 Project Management Buzzwords

The IIL Blog

Activity An activity is the actual, specific task that must be performed in a project, i.e., the tactical level of work. Agile A flexible and dynamic approach to project management that allows for iterative updates during defined time blocks, which allows for incremental value. identify items such as benefits and costs).

article thumbnail

A Complete Guide to PMIS

ProjectManager.com

That’s what PMIS comes in, which is an acronym for project management information system. A PMIS enables an organized and controlled flow of information, so nothing is siphoned off or misplaced. A project management information system (PMIS) is how information needed to run a project is organized. What Is PMIS?

article thumbnail

Different Project Management Terms Beginners Should Know

ProProfs Project Management

Let’s dig into our project management glossary. Common Project Management Terms. A project activity can be defined as the smallest unit of work that needs to be done in order to complete a project. This refers to the various schedules and costs defined at the start of a project. Critical Path.

article thumbnail

What is A System for Value Delivery in Project Management

Project Pulse Journal

Product Management Considerations Incorporating product management considerations is essential for ensuring that projects deliver results in alignment with customer requirements and market demands. These knowledge areas are pivotal in the attainment of project objectives and the delivery of value to stakeholders.

article thumbnail

Compendium of Works to Increase Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management Briefings and Presentations. Project Performance Management (#PPM). Agile Project Management (#APM). Technical Performance Measures (#TPM). Cost, Schedule, and Technical Performance Management (#CSTPM). Management Processes (#MP).