Definition Estimate Monitoring Performance Measurement 
ProjectManager.com
NOVEMBER 7, 2023
The cost performance shows if the project is effectively staying on budget or not. The project budget is only our best estimate of what it will cost. Therefore, tracking the project’s cost performance as expenses change over its life cycle is an essential part of project management. Below is a short definition of each.
Rebel’s Guide to PM
FEBRUARY 1, 2022
Robert Wysocki came up with my favourite definition of what project management is, that I use in most of my training courses. Chapter 5 covers the agile project management model and then the rest of the book covers the process and project lifecycle in detail, with chapters on governance, scaling and performance measurement.
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The IIL Blog
OCTOBER 17, 2023
Benchmarking Identifying a project performance indicator or practice, then assessing it against industry standards or best practices. Bottom-up Estimating A project estimation technique that leverages tactical-level team members/subject matter experts (SMEs) to break down tasks into smaller components to create a more accurate estimate.
ProProfs Project Management
JANUARY 21, 2020
This criterion is used as a basis for project monitoring and evaluating processes. 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. Functional Requirements.
Techno-PM
SEPTEMBER 2, 2021
Project Execution is a project management strategy that incorporates continuous processes and activities to monitor, control, and communicate progress on projects. Executing (monitoring actions through communication) 4. Download Project Management Templates ! The four steps in Project Execution are: 1.
Herding Cats
DECEMBER 4, 2017
Project Controls are Management Actions, either preplanned to achieve the desired result, or taken as a corrective measure prompted by the monitoring process. Project controls are concerned with the metrics of the project – quantities, time, cost, and other resources and their measurable beneficial outcomes for the project.
Project Pulse Journal
MARCH 7, 2024
Schedule Management: Involves the formulation, monitoring, and regulation of the project schedule to ensure timely execution of project activities, optimal resource management, and mitigation of schedule risks.
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