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Time is Money: The Importance of Earned Value Management

MPUG

In my previous article , I discussed the importance of a baseline, and how, without one, a PM doesn’t have a yardstick, per se, to measure with. Project Management presents many tools and techniques for the management of a successful project. At any point in time PV defines the work that should have been accomplished.

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Cost Performance Index (CPI) In Project Management

ProjectManager.com

Projects cost money. We’ll share the formula for calculating the cost performance index in project management and even provide an example to better illustrate how it works. We’ll share the formula for calculating the cost performance index in project management and even provide an example to better illustrate how it works.

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Top Project Metrics You Need to Track

ProjectManager.com

Project metrics are essential to delivering a project on time and within its budget. Why are they so important to a project? Then we’ll explain what a project metrics dashboard is and why it’s one of the essential project management software features. It’s ready with real-time data for more insightful decisions whenever you are.

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How to Manage Project Cash Flow

ProjectManager.com

Projects cost money. Those funds have a life cycle of their own and project managers must understand how those costs come in and out of the project and organization. We’ll look at project cash flow, what it is and how to calculate and manage it. Cash flow is the movement of money in or out of a project.

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Capital Budgeting: Definitions, Steps & Techniques

ProjectManager.com

Capital is money. In finance, capital is money that a company has, such as earnings or credit, which it can spend or invest on assets. First, we need to define capital budgeting, what a capital budget is and why it’s important. Finally, we’ll illustrate capital budgeting with some examples. What Is Capital Budgeting?

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Project Financial Management: Managing Project Financials

ProjectManager.com

Whether you call it project financial management or project accounting, managing a project’s finances is essential to delivering a successful project. There’s a lot of planning, managing and tracking involved. But what exactly is financial project management? What Is Project Financial Management?

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How to Measure Project Profitability

ProjectManager.com

As projects are all about the bottom line, you can imagine the importance of project profitability in project management. Project profitability measures how much money a project will make for the organization that initiates it, tracking the financial gain or loss of a project. What Is Project Profitability?