Remove Estimate Remove Performance Measurement Remove Planning
article thumbnail

How to Create a Performance Measurement Baseline for Your Projects

ProjectManager.com

Projects are planned and then life happens. Ideally, project managers know better than to execute their project plans without a performance measurement baseline. What Is a Performance Measurement Baseline? This is one tool project managers use to see where they are versus where they planned to be.

article thumbnail

9 Types of Artifacts in Project Management

Rebel’s Guide to PM

The 9 types of artifacts are: Strategy Logs and registers Plans Hierarchy charts Baselines Visual data and information Reports Agreements and contracts Other – a bucket category for anything else. For example, an estimate is the obvious output of the estimating process, so estimates aren’t mentioned again as a separate project artifact.

Logistics 511
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

Women in Project Management: Rachel Mata

Rebel’s Guide to PM

All my previous job experiences had been surrounded by planning, coordinating logistics, and, more than that, getting things done. For 6 months, I planned and coordinated the induction, training, and performance measurement of all my team and new hires. Rachel Mata. Project Management, in my opinion, should be reinvented.

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
article thumbnail

Why project work doesn’t get completed early…

Kiron Bondale

I usually advise my students to encourage their team members to not provide padded work estimates, but rather to make schedule contingencies visible and tie these contingencies to milestones rather than to individual activities. If they are measured based on the accuracy of their predictions (I.e.

article thumbnail

Cost Performance Index (CPI) In Project Management

ProjectManager.com

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. Therefore, tracking the project’s cost performance as expenses change over its life cycle is an essential part of project management. Project costs can vary.

article thumbnail

Project Artifacts and How to Use Them

Rebel’s Guide to PM

Here’s the list: Strategy Logs and registers Plans Hierarchy charts Baselines Visual data and information Reports Agreements and contracts Other – a bucket category for anything else. For example, an estimate is the obvious output of the estimating process, so estimates aren’t mentioned again as a separate project artifact.

Logistics 261