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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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Project Performance Reporting: Key Performance Reports

ProjectManager.com

Tracking project performance gives project managers the data they need to keep the actual effort of the project aligned with the planned effort and deliver the project on time and within its budget. But what exactly is project performance? There are six basic constraints to consider.

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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. Consequently, the project manager cannot access or adjust the management reserve without approval from the sponsor. How Do You Estimate the Management Reserve? Unforeseen risks knock at your door. Management Reserve.

Budget 284
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Different Project Management Terms Beginners Should Know

ProProfs Project Management

Doing so, you get most issues resolved and meet your project deliverables – but, when it came to reporting, you were clueless as to how to go about it. You winged the entire project execution process, and now the theory of it all is taking a toll on you. . Performance Measurement Baseline. Cost Estimation.

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Introduction to Earned Value Formulas

MPUG

Formula: EV = BAC x % complete You might be working out EV per phase, work package, or for the project overall, so use the correct percent complete figure that matches what you want to review. What it tells you: How much money has been spent to get to where you are today on the project.

Budget 40
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Most Important Project Management Kpis You Should Be Tracking

ProProfs Project Management

Let’s bring the spotlight on the most important KPIs for project management , and explain what they are & why they matter. What Is Project KPI? How to Measure Project Management KPIs. 8 Project KPIs Businesses Must Keep a Tab on. Cost Performance Index (CPI). Cost Performance Index (CPI).