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

Project Performance Reporting: Key Performance Reports

ProjectManager.com

Get your free Risk Management Plan Template Use this free Risk Management Plan Template for Word to manage your projects better. Download Word File Resource Resources are another performance measurement. It shows where the project is compared to various performance measurement baselines.

article thumbnail

What is the Management Reserve for Project Budgets?

Project Risk Coach

Consequently, the project manager cannot access or adjust the management reserve without approval from the sponsor. An amount of the project budget or project schedule held outside of the performance measurement baseline for management control purposes, that is reserved for unforeseen work that is within scope of the project.

Budget 284
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. Once the project has been executed, the PMIS is collecting, organizing and storing data as it comes in from the project team, which can then be compared to the baseline projections.

article thumbnail

Closing A Project with MS Project

MPUG

For cost performance, you can use: Cost Overruns report, which shows Task Cost Variance and Resource Cost Variance with cost overrun and/or underrun graphically Earned Value related cost performance measures such as Cost Variance (CV) and Cost Performance Index (CPI), among others.

Closing 109
article thumbnail

Different Project Management Terms Beginners Should Know

ProProfs Project Management

The shortest time estimated to complete a specific project task or activity is known as optimistic duration. Performance Measurement Baseline. This creates a point of comparison of all the other baselines to evaluate project performance. Cost Estimation. QCD stands for Quality, Cost, Delivery.