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Instantly usable and helpful information for project management, agile/SCRUM, business analysis, IT strategy and compliance and lean – six sigma.
Browsing All posts tagged under »5th Edition PMBOK«
Earned Value Management – CPI and SPI
Cost Performance Index (CPI) and Schedule Performance Index (SPI) are indicators of how closely accomplished work is on budget and on schedule. CPI shows how many dollars (or other type of currency) worth of work is being accomplished for every dollar spent. SPI shows how the work is progressing compared to the original schedule. The […]
Project Exclusions, Assumptions, and Constraints 5th Edition PMBOK
October 23, 2013 by Dave Kohrell
Project exclusions, assumptions, and constraints (among other information) are included in a Project Scope Statement. They’re also explicitly referenced in the Develop Project Charter, Plan Project Plan and Plan Procurement Management processes. Each of the 47 processes has an implicit reference to exclusions, assumptions and constraints. Here’s a simple example to help you lock in […]
PERT Formula – 5th Edition PMBOK
October 19, 2013 by Dave Kohrell
The Program Evaluation and Review Technique (PERT) formula or 3 point estimating is a simple and useful tool for project managers, and those who are planning to take their PMP Exam should have it memorized. There is much more to PERT as a project scheduling and planning technique than this formula, but here we’ll focus […]
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November 9, 2013 by Dave Kohrell
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