Control Costs Process
What’s better than studying a topic only to realize you already know it! That’s exactly what you’ll feel like when we discuss the Control Costs process. But the caveat is, …
Control Costs Process Read MoreAuthor: Shoaib Qureshi
Earned Value Management (EVM) Technique Formulas and Explanations
Although we have already covered Earned Value Management formulas, in this article we are taking an overview of what each concept really means. Earned Value Management technique is a method …
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All PMP Cost Management Formulas (Earned Value Management – CPI, SPI, CV, SV, EAC, ETC, TCPI, VAC)
Schedule Performance Index SPI = EV/PVEV = Earned ValuePV = Planned Value < 1 behind schedule = 1 on schedule> 1 ahead of schedule Cost Performance Index CPI = EV/ACEV …
All PMP Cost Management Formulas (Earned Value Management – CPI, SPI, CV, SV, EAC, ETC, TCPI, VAC) Read More
I don’t do Cost Management on my Projects
What if you don’t do Cost Management on your projects at all? Sure Cost Management is a Knowledge Area you need to study for your PMP preparation but what’s the …
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Are Project Managers Born or Made?
The age old question – Are Manager Born or Made? Let’s explore it further in this vlog. Check out more gems in Lounging Around
Are Project Managers Born or Made? Read More
Determine Budget Process
Once we are done with Estimate Costs, the next process in the line is Determine Budget. You may ask, what is the difference between an Estimate and a Budget? Check …
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What is the difference between Cost Estimates and Budget?
Cost Estimates and Determine Budget are two different processes of the Cost Management knowledge area. A question that should come up here is the difference between Estimates and Budget. Aren’t …
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Activity Cost Estimates and Basis of Estimates
The outputs of the Estimate Costs Process are Activity Cost Estimates and Basis of Estimates. Ofcourse to reach to the outputs, you have to make use of the inputs and …
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PMP vs CSM | Which certification offers better salaries?
We all know how important a salary survey is. While we have covered PMI Salary Survey in the past, in this video we are comparing Project Management Professionals salary against …
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Lifecycle Costing and Depreciation
We have previously discussed several concepts related to Project Selection (listed here) and Lifecycle Costing and Depreciation are two more that you should know. These are fairly simple and, chances …
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