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

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

A Complete Guide to PMIS

ProjectManager.com

PMIS is made to support all aspects of project management and the information they monitor or collect. For example, during the initiation phase, a project manager will use a PMIS to help with coming up with a preliminary budget, including cost estimates and resources. Especially when closing out a project, PMIS is a great help.

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).

article thumbnail

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

also known as a Gantt chart, is a graphical instrument depicting the data related to a project. . is initial data for your project performance measurement necessary for the start. It usually consists of the three following components: schedule, cost, and scope. Control Costs . Cost Management .