Category: Cost Management
Getting and Estimating Resource Requirements – People (#8 in the Hut A Quick Guide to Project Management) By Manjeet Singh Now that you have a better overview of the activities and schedule of your...
Strategic Planning and Construction Project Programming (#2 in the Hut Project Management for Construction) By Chris Hendrickson The programming of capital projects is shaped by the strategic plan of an organization, which is influenced...
An Alternative to EVM: The Zone Method By Michael D. Taylor The Zone Method1 was developed as an alternative to the Earned Value Management (EVM) when projects cannot support the administrative load of EVM....
Rise of the Project Workforce, Chapter 12: Travel and Entertainment and Expense Management (#12 in the series Rise of the Project Workforce) By Rudolf Melik Travel and entertainment (T&E) is the second largest cost...
Point Estimates and Project Management By Rich Maltzman, PMP Sometimes Project Managers just don’t get the point. And in this case, that’s a good thing. Mind you, I’m not referring to “getting the point”...
Introduction to Earned Value Management – EVM Statistics (#7 in the series Introduction to Earned Value Management) By Global Knowledge There are four sets of data generated by EVM projects. BAC (budget at completion):...
Marketing Your PMO – Metrics (continued) (#3 in the series Marketing Your PMO) By Derry Simmel, PMP, MBA, FLMI Cost The BIG one! This metric is probably something you are already tracking. I’m sure...
Earned Value Management (EVM) By Mohamed Elashri The earned value Management involves developing these key values for each schedule activity, work package, or control account: Planned value (PV). PV is the budgeted cost for...
Costing and Budgeting – Introduction (#33 in the Hut A Project Management Primer) By Nick Jenkins If scheduling is an art then costing could be considered a black art. Some projects are relatively straightforward...
Less Obvious ROI By Thomas Cutting When I was working with a system support group we had to scramble each month to determine the Return on Investment (ROI) for the system enhancements. Changes ranged...