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. The Cost Performance Index, usually abbreviated as CPI, is one of the fundamental outputs of the Earned Value Management System. It tells the project manager how far ahead or behind the project is at … [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 the Earned Value Management System. It tells the project manager how far ahead or behind the projects is at the point of … [Read more...]
Since many people become project managers via promotion from a technical role, "flying by the seat of your pants" is often the norm. You might know the progress and delivery date of various tasks, the deadline date for the overall project, and you might be on top of the overall project progress. But today I will show you the right way to monitor project progress to … [Read more...]
If I asked you how far behind your project was, could you tell me in quantitative terms? Most people know the basic status of various tasks: "Well, that report was a week behind and Johnny should've finished his analysis by yesterday." But that's not good enough. Project management standards dictate that the project manager knows how far behind (or ahead) the … [Read more...]
I've been asked by people who see the project management practices we employ, like project management plans (i.e. risk matrices, scheduling, and so forth), and ask: What is the value of all this? It's a good question. Some of our competitors appear to complete projects flawlessly, with some technical experts in charge and a "go and do the work" mentality. Actually … [Read more...]
I'll admit that project management can seem like paperwork at times, particularly the schedule part. Creating, managing, and controlling the schedule can seem like a whole bunch of needless number crunching when the project success seems to depend on strange, hard to control metrics such as unexpected delays, or relationships with multiple client stakeholders. If you … [Read more...]
How do you define the success of a project? Let's say you're the project manager for a new building which was constructed in record time and the owner is happy to be moving in quicker than expected. However there was a spill during construction and the environmental cleanup will be a long term liability for your client. You developed a software product and were over … [Read more...]
At the engineering firm I founded, we've recently seen an increase in RFP's (Requests For Proposal) that include project management as a consultant selection criteria, in one form or another. Not just as a "nice to have" criteria, but as one of the scores that factor in the selection of the consultant. Now, more than ever, engineering consultants need to include … [Read more...]
The thing that amazes me about project management in the engineering business is how little it gets used. We engineers are in control of the largest projects in the world, but most engineers have little more than a passing knowledge of project management processes. In this article, I will talk about the following items as they relate to engineering project … [Read more...]
Since I've become the manager of an engineering company, I've learned many things, but I will divide them into the following three categories. Business Management Client Management Project Management Business Management As a manager, you're responsible for making the business grow (or not grow!). This means you need to track work progress and make sure time is … [Read more...]
