article thumbnail

Fighting Uncertainty in Organizations, Including Matrix Ones

Epicflow Blog

Monitoring the Buffers In the context of managing uncertainties in multi-project environments, buffer monitoring is intricately linked with the “fever chart” of Critical Chain Project Management (CCPM). The fever chart graphically represents the consumption of project buffers against the completion of project tasks.

2016 52
article thumbnail

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

is initial data for your project performance measurement necessary for the start. Cost Performance Index/Indicator (CPI) . is EVM (earned value measurement) metric used to calculate the cost efficiency for the work completed. Cost Performance Measurements . Critical Activities . Critical Chain .

Insiders

Sign Up for our Newsletter

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

article thumbnail

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

is initial data for your project performance measurement necessary for the start. Cost Performance Index/Indicator (CPI) . is EVM (earned value measurement) metric used to calculate the cost efficiency for the work completed. Cost Performance Measurements . Critical Activities . Critical Chain .

article thumbnail

The Complete Glossary of 614 Project Management Terms

Workamajig

Critical Chain Method: A method for scheduling projects with uncertain deadlines and limited resources. In the Critical Chain Method, project managers rely on placing buffers on project schedule paths to make room for unexpected contingencies. This makes negative variance an important measure of project performance.

article thumbnail

Fighting Uncertainty in Organizations, Including Matrix Ones

Epicflow Blog

Monitoring the Buffers In the context of managing uncertainties in multi-project environments, buffer monitoring is intricately linked with the “fever chart” of Critical Chain Project Management (CCPM). The fever chart graphically represents the consumption of project buffers against the completion of project tasks.

2016 52
article thumbnail

Overview of the PMBOK® Guide Seventh Edition – Lesson 3 Transcription

MPUG

When we talk about crashing or we talk about the overall let’s say critical chain theory, although that won’t literally say critical chain, but we’re talking about reserves and understanding estimates along those lines that definitely it is addressed here. They did an excellent job.

PMI 59