Cost Management Archives

Short answer – No! But don’t forget to watch the video and understand the different terms. One more tip – Project Budget and Cost Baseline should not be used interchangeably …

Cost Management

Value Analysis – Bringing the Cost down without reducing the Project Scope

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Value Analysis is a term that is often used in Value Engineering. Value Engineering is defined as, The modification of designs and systems according to value analysis The next question …

Cost Management

How to remember EVM formulas – SV, SPI, CV, SPI

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Are you feeling overwhelmed with all the EVM formulas? Let’s discuss in this video how to remember four important ones. RELATED LINKS COST MANAGEMENT: FAQshttps://goo.gl/YdX2LQ EARNED VALUE MANAGEMENT (EVM)https://goo.gl/MFcQcd COST …

Cost Management

Sample PMP Questions of Earned Value Management with Answers

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Before proceeding, hopefully you already know the formulas for Earned Value Management technique, if not, check out this two videos, Earned Value Management Technique Formulas Earned Value Management Technique Formulas …

Cost Management

Control Costs Process

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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, …

Cost Management

Earned Value Management (EVM) Technique Formulas and Explanations

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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 …

Cost Management

All PMP Cost Management Formulas (Earned Value Management – CPI, SPI, CV, SV, EAC, ETC, TCPI, VAC)

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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 …

Cost Management

I don’t do Cost Management on my Projects

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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 …

Cost Management

Determine Budget Process

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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 …

Cost Management

What is the difference between Cost Estimates and Budget?

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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 …

Nelson Calderon, PMP

Hello dear sir,

I am writing from the other side of the world (Bogota, Colombia), and wanted to tell you that yesterday I succeed on the PMP exam, with or process groups above target (except closing). It was an online exam (we are still on quarantine).

Your videos where a material very important for this achievement, I saw almost half or your YouTube videos, this helped me clarify many doubts an improve my project management vocabulary in English (my mother language is Spanish).

So thanks a lot for all your efforts putting online this wonderful resources. May you and all your loved ones be happy, healthy and successful.

Nelson Calderon

PMC Lounge

2020-05-17T21:11:39+05:30

Nelson Calderon

Hello dear sir, I am writing from the other side of the world (Bogota, Colombia), and wanted to tell you that yesterday I succeed on the PMP exam, with or process groups above target (except closing). It was an online exam (we are still on quarantine). Your videos where a material very important for this achievement, I saw almost half or your YouTube videos, this helped me clarify many doubts an improve my project management vocabulary in English (my mother language is Spanish). So thanks a lot for all your efforts putting online this wonderful resources. May you and all your loved ones be happy, healthy and successful.

https://www.pmclounge.com/testimonials/nelson-calderon-pmp/

Imran Khan, PMP

I have recently achieved my PMP certificate and during the preparation I found youtube videos of channel PMC Lounge extremely helpful. Shoaib is doing a really fantastic job by explaining the complex project management terms with ease.

I would like to recommend PMP aspirants to watch the PMC Lounge videos and gain required knowledge in a most easy way.

Imran Khan

PMC Lounge

2020-08-11T15:03:26+05:30

Imran Khan

I have recently achieved my PMP certificate and during the preparation I found youtube videos of channel PMC Lounge extremely helpful. Shoaib is doing a really fantastic job by explaining the complex project management terms with ease. I would like to recommend PMP aspirants to watch the PMC Lounge videos and gain required knowledge in a most easy way.

https://www.pmclounge.com/testimonials/imran-khan-pmp/

Arif Shah Syed, PMP

Passed my PMP exam with 'Above Target' in 4 domains & 'Target' in 1.

PMC Lounge videos was one of my preparation materials. Unlike other available videos, PMC Lounge's are really interesting, to the point & very easy to understand.

I would highly recommend PMP aspirants to benefit from PMC Lounge.

Thanks to PMC Lounge & Shoaib for your efforts in compiling & publishing such a great material online for 'FREE'. I would say you guys are really contributing to the PM community

Keep up the great work & thanks again.

Syed Arif Shah

PMC Lounge

2020-09-13T20:47:03+05:30

Syed Arif Shah

Passed my PMP exam with 'Above Target' in 4 domains & 'Target' in 1. PMC Lounge videos was one of my preparation materials. Unlike other available videos, PMC Lounge's are really interesting, to the point & very easy to understand. I would highly recommend PMP aspirants to benefit from PMC Lounge. Thanks to PMC Lounge & Shoaib for your efforts in compiling & publishing such a great material online for 'FREE'. I would say you guys are really contributing to the PM community Keep up the great work & thanks again.

https://www.pmclounge.com/testimonials/arif-shah-syed-pmp/

Judy Thang

Just wanted to let you know that your youtube video is awesome. Your emphasis on words and the way you speak makes it interesting and easy to understand. Thank you!

Judy Thang

PMC Lounge

2020-10-07T15:31:23+05:30

Judy Thang

Just wanted to let you know that your youtube video is awesome. Your emphasis on words and the way you speak makes it interesting and easy to understand. Thank you!

https://www.pmclounge.com/testimonials/judy-thang/

Ayush Mishra, PMP

I have recently passed my PMP exam. I want to thank you for your efforts making free youtube videos for us! I followed your channel based upon my colleague's suggestion and the best part I liked about PMC Lounge is that it's cool & has a well-curated content, unlike other long boring videos. Videos really helped me clear my concepts and were interesting to watch as well. In fact, a day before my exam, I did nothing but went through all your videos again.

Thank you, Shoaib! 🙂

Ayush Mishra

PMC Lounge

2020-10-13T13:32:57+05:30

Ayush Mishra

https://www.pmclounge.com/testimonials/ayush-mishra-pmp/

Ankit Mishra, PMP

I just gave my PMP exam and saw congratulations message at the end.

Thanks for creating PMC Lounge and I must say a huge credit goes to you for simplifying understanding in such a way that I found nowhere.

Thanks a lot Shoaib!

Ankit Mishra

PMC Lounge

2020-05-19T18:14:03+05:30

Ankit Mishra

I just gave my PMP exam and saw congratulations message at the end. Thanks for creating PMC Lounge and I must say a huge credit goes to you for simplifying understanding in such a way that I found nowhere. Thanks a lot Shoaib!

https://www.pmclounge.com/testimonials/ankit-mishra-pmp/

Nazwa Salim

Thank you! you were very clear in your instruction delivery.

Nazwa Salim

PMC Lounge

2020-07-02T15:47:26+05:30

Nazwa Salim

Thank you! you were very clear in your instruction delivery.

https://www.pmclounge.com/testimonials/nazwa-salim/

Prakash Sapkota, PMP

Thank you PMC Lounge and Shoaib for all the wonderful materials and tips. With the help of your incredible contents, i passed my PMP exam in first attempt. Thank you again and best wishes

Prakash Sapkota

PMC Lounge

2020-07-06T01:22:24+05:30

Prakash Sapkota

Thank you PMC Lounge and Shoaib for all the wonderful materials and tips. With the help of your incredible contents, i passed my PMP exam in first attempt. Thank you again and best wishes

https://www.pmclounge.com/testimonials/prakash-sapkota-pm/

Dan Sandifer, CAPM

Thank you. I had taken the "official" CAPM course from PMI but was struggling with the material. I watched your video on the formulas and then wound up going through multiple videos and found them clear, concise, and perfect. I passed the CAPM exam last Friday achieving above target on twelve of the thirteen topics (the last achieving target) and I attribute it to your videos. I have been in working in IT for many years and unfortunately, have been on furlough since March. As soon as I start working again, I am going to make a donation or two. Thank you for these videos and for making them free. I have given a thumbs up to many of them and will recommend them to everyone. May life bring you peace.

Dan Sandifer

PMC Lounge

2020-07-19T17:43:31+05:30

Dan Sandifer

https://www.pmclounge.com/testimonials/dan-sandifer-capm/

A. M. Al-Amin, PMP

I am really happy that I could get in touch with PMC Lounge's regular videos that clarified my concepts and ideas. It also helped me to have better knowledge on strategy to clear PMP at a one go. I like the style Mr. Shoaib delivers the lectures. I wish PMC Lounge continues this journey.

A. M. Al-Amin

PMC Lounge

2020-10-12T01:26:18+05:30

A. M. Al-Amin

https://www.pmclounge.com/testimonials/a-m-al-amin-pmp/

PMC Lounge