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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. A performance measurement baseline provides a window into the project that allows project managers to see roadblocks and resolve them before the project hits a dead end. Learn more.

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What Is a Balanced Scorecard? (Example & Template Included)

ProjectManager.com

The balanced scorecard is also a means to measure and provide feedback to businesses and organizations. It’s a common management tool worldwide, used across industries, including government and nonprofit organizations. It’s also a fine communication tool to share the strategy of a business or organization with all its employees.

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Project Performance Reporting: Key Performance Reports

ProjectManager.com

The overall measurement of project performance metrics will look at the objectives and requirements of scope, cost and schedule or the project management triangle. This is done during the execution phase and the monitoring and controlling phase of the project, two project management phases that overlap.

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6 Tools and Techniques for Controlling Risks

Project Risk Coach

What tools and techniques can project managers use for controlling risks and getting the results they are looking for? Let’s look at six tools and techniques recommended in the Project Management Body of Knowledge (PMBOK) 5th Edition for controlling risks. Risk Control Tools and Techniques.

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Benefits Of The Strategy Canvas Tool For Strategic PM’s

The Strategic Project Manager

This post explains what the Strategy Canvas tool is, and how to create a basic Strategy Canvas. Finally, it details the use and benefits of the tool for practicing strategy and project management. What is the Strategy Canvas Tool? The Strategy Canvas tool is a management tool introduced by W.

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RAG Status in Project Management: Importance & Benefits

ProjectManager.com

The easy-to-read color graphs and charts automatically update in real time to provide a status report whenever a manager wants one, without the long and complicated setup required by lightweight alternative tools. This reporting tool helps project managers and keeps stakeholders informed on the progress of the project.

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Cost Performance Index (CPI) In Project Management

ProjectManager.com

Using the cost performance index helps to keep track of project costs and increases the probability of them being completed on budget. Project management software is another tool in the work of managing project costs. Why Is the Cost Performance Index Important? It measures how much the project is ahead, behind or on schedule.