Remove Estimate Remove Examples Remove Performance Measurement
article thumbnail

9 Types of Artifacts in Project Management

Rebel’s Guide to PM

For example: a project management artifact is the project closure document. For example, an estimate is the obvious output of the estimating process, so estimates aren’t mentioned again as a separate project artifact. Here are some examples: Budget Milestone schedule Scope baseline Performance measurement baseline.

Logistics 511
article thumbnail

What is the Management Reserve for Project Budgets?

Project Risk Coach

Let's explore management reserves for projects, who controls them, and how to estimate the reserves. We handle the known/unknown risks by creating a contingency reserve using estimating techniques such as the Expected Monetary Value (EMV) Method. How Do You Estimate the Management Reserve? Unforeseen risks knock at your door.

Budget 284
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Cost Performance Index (CPI) In Project Management

ProjectManager.com

We’ll discuss what the cost performance index does and how it does it below. We’ll share the formula for calculating the cost performance index in project management and even provide an example to better illustrate how it works. What Is the Cost Performance Index (CPI)? That gives us a cost performance index of one.

article thumbnail

Project Artifacts and How to Use Them

Rebel’s Guide to PM

For example: a project management artifact is the project closure document. For example, an estimate is the obvious output of the estimating process, so estimates aren’t mentioned again as a separate project artifact. The project deliverable is a new app. You can grab the set I use here.

Logistics 261
article thumbnail

Velocity. The Revolutionary Way to Measure in Scrum

Scrum.org

Examples of Use. Example 1 : Sprint Planning. As long as the sum of sizes for all item estimates is less than the Velocity, the Developers accept the work. Example 2 : Forecasting a Delivery Date. Taking a worked example: The size of the items in the Product Backlog sums up to 210 points. Avoid this at all costs.

SCRUM 214
article thumbnail

Performance Reporting for Projects: A Quick Guide

ProjectManager.com

For a successful project, you need an overall picture of your work performance information (WPI). Performance reporting provides that information by putting performance measurement, quality assurance and accountability data in context. There are different targets for performance reporting.

article thumbnail

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. PMIS Throughout the Project Life Cycle.