Category: Cost Management
Earned Value Management Versus Traditional Management By Atul Gaur Earned Value Management (EVM): is a technique used to track the progress and status of a project and to forecast its future performance. EVM systematically...
The Financial Soup in Project Management: DCF, EVA, IRR, and NPV By John C. Goodpasture Is your project being held hostage to the financial alphabet of the CFO’s office? Is there anything you can...
How Accurate Is Your Actual vs. Planned Time and Costs? By Peter Collins With cost and efficiency dominating the corporate agenda in today’s constrained operating environment, the ability to compare and contrast planned versus...
Simple Guide to Quickly Sizing/Costing a Project Up Front By Neil Killick Identify high level requirements (epics and stories) and size them XS, S, M, L or XL (T-shirt sizes) so that each story...
Estimating the Unknown: Dates or Budgets – Part 1 By Johanna Rothman Almost every manager I know wants to know when a project will be done. Some managers decree when a project will be...
Project Schedule and Cost Estimating – Part 1 By Martin Webster There can’t be a crisis next week. My schedule is full. – Henry Kissinger Project schedule and cost estimating are very important activities....
Avoiding Potholes on the Road to Earned Value Management By Kiron D. Bondale You will be hard pressed to find a person that has taken some project management training who has not drunk the...
Project Estimation: Two Conflicting Trends By Jed Simms In a number of organizations I have noticed two conflicting trends: Organizations want business cases produced earlier (to prevent wastage of funds) Organizations want increased estimation...
Net Present Value of the Project By Shyamala Sankaranrayanan One method of deciding or not a firm should accept an investment project is to determine the net present value of the project. The net...
Project Management Foundations – Creating a Meaningful Project Budget By Steve Hart As a person who had both project and cost center budgeting responsibilities for many years, I must admit this was an effort...