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How to Create a Performance Measurement Baseline for Your Projects

ProjectManager.com

Ideally, project managers know better than to execute their project plans without a performance measurement baseline. A performance measurement baseline provides a window into the project that allows project managers to see roadblocks and resolve them before the project hits a dead end. Learn more.

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What is the Management Reserve for Project Budgets?

Project Risk Coach

You look at your budget, but you don't have the funds to respond to these risks. Let's explore management reserves for projects, who controls them, and how to estimate the reserves. The project manager adds the contingency reserve to the project budget, resulting in the cost baseline. Unforeseen risks knock at your door.

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How to Create a Strategy Map for Your Organization

ProjectManager.com

ProjectManager is award-winning project and portfolio management software that helps you create timelines and budgets for your organization’s projects and processes. By linking objectives to performance measures, your strategy map helps you have specific, measurable and actionable objectives.

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Project Performance Reporting: Key Performance Reports

ProjectManager.com

Tracking project performance gives project managers the data they need to keep the actual effort of the project aligned with the planned effort and deliver the project on time and within its budget. But what exactly is project performance? ProjectManager’s real-time dashboards track project performance.

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9 Types of Artifacts in Project Management

Rebel’s Guide to PM

They are developed to help you work out how to run the project and can either be all in one document or separate documents. Here are some examples: Budget Milestone schedule Scope baseline Performance measurement baseline. The third category of project artifact relates to the different types of plans produced.

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Cost Performance Index (CPI) In Project Management

ProjectManager.com

It can also help to make your budgeted resources more cost-effective. The cost performance shows if the project is effectively staying on budget or not. The project budget is only our best estimate of what it will cost. But that budget, once approved, rules your project’s costs. Project costs can vary.

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RAG Status in Project Management: Importance & Benefits

ProjectManager.com

Finally, we’ll show what each of the RAG statuses means and how to respond to them to better understand a project. When using RAG status, it’s first important to know how to define each color so you can use it to track your projects. The section on the project health goes over budget, schedule, quality and scope.