The Earned Value Formulas
Earned Value is a method of calculating project status. It does this from two perspectives: Time (schedule) and Cost. After applying the earned value method the project manager will know whether the project is: behind or ahead of schedule. over or under budget. In this post we will outline each....
Planning the Project Schedule
The project deadlines are firm but the resources are occupied. The deadlines have been tightened but the quality must stay the same. The customer wants the highest quality product at the lowest cost. These are some of the many issues a project manager must deal with on a daily basis. ....
The PMBOK Knowledge Areas
In the Project Management Body of Knowledge (PMBOK) the process groups are the chronological phases that the project goes through, and the knowledge areas occur throughout any time during the process groups. The process groups are horizontal, and the knowledge areas are vertical. They are the core technical subject matter....
Do you Know Your Cost of Quality?
I listened to a presentation recently where the speaker suggested that the highest quality producer is usually the lowest cost one. Can that be true? And if so, how do you become part of that club? The Cost of Quality (COQ), sometimes called Cost of Poor Quality (COPQ) is a....
The Project Task List
If there is only one foundational part of project management, it would have to be breaking down the project into manageable parts. Those parts are called phases and tasks. Everything else is built upon that foundation, so it should not be taken lightly. Although it seems trivial, it is one....
Parts of a Schedule Management Plan
With little exception, missing deadlines reflects poorly on the project manager and sometimes has financial consequences too. Because projects are by definition temporary, someone has authorized the project and expects its deliverables in a timely fashion. To meet the deadlines, a schedule management plan is produced which is a subset....
Current Trends in Project Management
Project managers need to wear alot of hats these days. Leader, manager, facilitator, negotiator, and the list goes on. The project management profession is changing at a rapid pace. It's safe to say it's still in its infancy and is slowly finding a place in the corporate world. But here....
Demand for Project Managers is Growing
Given the value that project management gives to an organization, it's easy to understand why more and more companies are adopting it as a way to do business. Consequently, the demand for project managers is increasing, and will continue to do so in the foreseeable future. Almost anyone can benefit....
10 Parts of a Strategic Planning Template
A strategic plan documents the methods by which an organization achieves its corporate goals. We at ProjectEngineer have developed the best free strategic planning template on the internet, and we offer it to you here as a free download ([download id="2006"] | [download id="2009"]). A strategic plan contains the following....
8 Easy Strategic Planning Tools
Strategic planning involves the development of actions that support the achievement of a corporate goal. The corporate goals must be defined first, and the strategic plan becomes the "how to" manual to achieve the goals. Business schools make strategic planning more complicated than it is. If you understand these 8....
