Remove Controlling Remove Estimate Remove Performance Measurement Remove Project Cost
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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. 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.

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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.

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What is the Management Reserve for Project Budgets?

Project Risk Coach

Let's explore management reserves for projects, who controls them, and how to estimate the reserves. We handle the known/unknown risks by creating a contingency reserve using estimating techniques such as the Expected Monetary Value (EMV) Method. The project manager does not have control of the management reserve.

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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?

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125 Project Management Buzzwords

The IIL Blog

Benchmarking Identifying a project performance indicator or practice, then assessing it against industry standards or best practices. Burndown Chart A tool in Agile project management that tracks the work completed and the work remaining to help teams manage progress. Feasibility Study An analysis of a project’s viability.

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Different Project Management Terms Beginners Should Know

ProProfs Project Management

Any situation or event that can cause problems in project execution. . It refers to any prediction or estimation made on a project’s status, including how it will unfold in the future. The shortest time estimated to complete a specific project task or activity is known as optimistic duration. Cost Estimation.

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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). Project Performance Management.