Remove Budget Remove Performance Measurement Remove Project Life Cycle
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9 Types of Artifacts in Project Management

Rebel’s Guide to PM

We create baselines throughout the project. Here are some examples: Budget Milestone schedule Scope baseline Performance measurement baseline. Baselines will be created and updated as the project progresses and as major changes happen. They represent approved versions of whatever plan they relate to.

Logistics 511
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Project Artifacts and How to Use Them

Rebel’s Guide to PM

Baselines We create baselines throughout the project. Here are some examples: Budget baseline Milestone schedule Scope baseline Performance measurement baseline. Baselines will be created and updated as the project progresses and as major changes happen, so they need a time and date stamp.

Logistics 262
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Time is Money: The Importance of Earned Value Management

MPUG

Let’s define such using PMI as our guide: Earned value (EV) is the measure of work performed, expressed in terms of the budget authorized for that work. Planned Value (PV) is the authorized budget assigned to scheduled work, the total budgeted cost of the planned work. EVM in Microsoft Project.

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125 Project Management Buzzwords

The IIL Blog

hours, personnel needed, and/or tasks) to ensure that a project can be completed on time and within budget. Change Control A formal process of documenting, reviewing, approving, and managing a change to a project’s scope, schedule, budget, or quality parameters. of a project. effectively and efficiently.

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A Complete Guide to PMIS

ProjectManager.com

Budget: Associate cost with individual tasks for more accurate budget estimation and generation. Control and Performance: Analyze and control cost and performance, updating existing plans as actual against planned data changes, provide what-if scenarios for the project manager.

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Project Management Process & Phases

ProProfs Project Management

Project Management is the art of coordinating resources and directing working groups to execute components of work so that each group delivers components that can be tied together into a wholesome deliverable (contracted scope of work) within schedule and budget. — Project Management Institute. What is the project process?

Process 99
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The Complete Glossary of 614 Project Management Terms

Workamajig

Besides requirements, the brief usually also offers a background of the project, its sponsors, and its business case. Budget : The sum total of all the money allocated for a project. Budget at Completion (BAC): BAC is the sum total of all budgets established for the work to be performed.