In the operating room, Doctors monitor the vital signs of their patients using a device called an electrocardiogram. This device is familiar to most people - It's the monitor that displays the electrical pulses of the heart. In project management, project health is measured by the Cost Performance Index, usually abbreviated as CPI. The Cost Performance Index is one of … [Read more...]
In project management, getting an early indication of problems is the silver bullet that allows the project manager to correct the problems before they start. Cost Variance, usually abbreviated as CV, is one of the fundamental outputs of Earned Value Management. It tells the project manager how far ahead or behind the project is at the point of analysis, usually right … [Read more...]
Project scheduling is to a project manager like landing an airplane is to a pilot. It is often the largest and most visible aspect of project management. In this article, I will develop a professional, resource levelled project schedule that provides tremendous confidence in the ability to meet the project deadline. First, let's deal with the theoretical foundation. … [Read more...]
A single poor quality deliverable can create a cycle of low performance, creating an environment where quality is not valued and people do not put in the extra effort to deliver high quality products. Likewise, controlling the quality of a project’s deliverables can be the silver bullet that makes everything else feel easy. Fortunately, the Project Management Body of … [Read more...]
Project quality assurance is one out of three parts of a larger project quality system that ensures the project deliverables meet the planned quality standards. The other two are the Plan Quality Management process and Quality Control. Notice that the goal is not to produce the highest quality deliverables, only that the deliverables meet the quality standards in the … [Read more...]
It's not hard to find projects which were delivered on time and budget with stakeholders satisfied in every other respect except for the quality of the project's deliverables. Usually, this factor alone causes projects to be considered a failure. Thus, strong project management demands a strong knowledge of project quality management. But how do you ensure that the … [Read more...]
Before a project even begins, a project charter is a document that incorporates the project and appoints the project manager. Many projects operate without a project charter, even multimillion dollar projects. But the formal authorization of the project by the performing organization can be important to ensure the lines of authority are clear and identify what the … [Read more...]
Just like a surgeon is always monitoring the vital signs of their patient, project managers need to monitor their projects to make sure they do not veer off the plan. If the data ever shows that the project is deviating from the plan, swift action is usually the best medicine. Luckily, project management fundamentals provide plenty of assistance to project managers to … [Read more...]
Although it is the phase of project management that is most often shortened (or skipped altogether) due to budget availability, project closure is also one of the most visible project phases to senior managers and executives. Virtually all projects need some sort of closure phase to finalize the project and prepare its data for future reference. Project Closure … [Read more...]
Assigning work is relatively easy, but how do you ensure that the deadlines will be met, the project will come in under budget, or that the quality level will be acceptable to the stakeholders? Fortunately, project management fundamentals contain techniques which are used to track and control the project. Earned Value Analysis Any discussion of project control … [Read more...]
