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Please find below a transcription of the audio portion of Fletcher Hearn’s session, Project PerformanceMeasurement – Part 1: Overview Of Project PerformanceMeasurements, being provided by MPUG for the convenience of our members. Kyle: Hello, and welcome to part one of MPUGs Project PerformanceMeasurement course.
PMIS is made to support all aspects of project management and the information they monitor or collect. That’s a lot of information to keep track of, and when managing a project, it is crucial to be able to immediately pluck that information required at that moment out from all that data.
Project CommunicationsManagement is the process of planning, collecting, storing, and updating project information. This article is part of a PMP Study Guide that summarizes the CommunicationsManagement Knowledge Area. The CommunicationsManagement knowledge area that a project manager spends the most time on.
Earned Value Management (EVM): EVM is a project performancemeasurement technique that integrates cost, schedule, and scope data to assess project performance and forecast future performance. It helps project managers track project progress, identify variances, and make data-driven decisions.
It includes monitoring the progress of projects in the portfolio, ensuring they deliver the expected benefits, and making necessary adjustments to the portfolio based on performance and strategic changes. PerformanceMeasurement Implementing and maintaining performancemeasures and metrics is essential for assessing success.
The execution phase in a project plan has two main parts: control and communications. Management involves making sure that all tasks are executed on time, while touches include any updates or changes made to the project plan during execution. What happens during the execution phase?
Some organizations perform project management benchmarking by focusing on the project management domain areas of scope management, time management, cost management, procurement management, human resource management, quality management, stakeholder management, risk management, communicationsmanagement, and integration management.
Organizational Governance Systems serve as champions of accountability, holding the project manager, project owner, and teams responsible for their actions and decisions. They provide the framework that upholds accountability to ensure project outcomes within organizational objectives and stakeholder expectations.
is initial data for your project performancemeasurement necessary for the start. Cost Performance Index/Indicator (CPI) . is EVM (earned value measurement) metric used to calculate the cost efficiency for the work completed. Cost PerformanceMeasurements . Earned Value Management . Bar Chart .
is initial data for your project performancemeasurement necessary for the start. Cost Performance Index/Indicator (CPI) . is EVM (earned value measurement) metric used to calculate the cost efficiency for the work completed. Cost PerformanceMeasurements . Earned Value Management . Bar Chart .
Resource Management: Involves the acquisition, development, and management of human, material, and financial resources requisite for project execution, thereby optimizing resource utilization and buttressing project objectives.
Communication Plan: A document outlining the communication strategy for the project, including all stakeholders and their relationship to the project. The communication plan formally lists what is to be communicated, to whom, through which mediums, and at what intervals.
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