PMO Archives - Page 4 of 8 - Project Management Bootcamp

Cost Performance Index (CPI)

Want to measure your project’s cost efficiency? Let’s dive into Cost Performance Index (CPI)! Cost Performance Index (CPI) measures the cost efficiency of budgeted resources. It’s the ratio of earned value to actual cost. CPI helps you understand how well you’re using your budget. It identifies cost efficiency and potential […]

Cost Variance

Worried about project budget overruns? Let’s explore Cost Variance! Cost Variance (CV) is the budget deficit or surplus at a given time. It’s the difference between earned value and actual cost. CV helps you identify financial issues early. It shows if you’re overspending or underspending, enabling timely corrections. Formula: CV […]

Planned value

Wondering how to measure your project’s progress? Let’s explore Planned Value! Planned Value (PV) is the authorized budget assigned to scheduled work. PV helps you plan and track project progress. It shows how much work should be completed at any point. Calculate PV by determining the budget for scheduled tasks. […]

Earned Value

Curious about how to measure project progress accurately? Let’s talk about Earned Value! Earned Value (EV) is the measure of work performed. It’s expressed in terms of the budget authorized for that work. EV helps you understand if your project is on track. It links performance with the budget, providing […]

Actual Cost

Want to know if your project spending is on track? Let’s dive into Actual Cost! Actual Cost (AC) is the realized cost incurred for the work performed on an activity during a specific time period. AC shows how much you’ve really spent. It helps you compare budgeted costs with actual […]

Activity List

Struggling to keep your team aligned? Let’s talk about the Activity List—your project’s ultimate roadmap! An Activity List is a detailed record of all tasks in your project. It includes descriptions, IDs, and work scope. This list ensures everyone knows what needs to be done. It keeps your team focused […]

Activity Duration Estimates

Want to predict project timelines with confidence? Let’s dive into Activity Duration Estimates and how they can help you! Activity Duration Estimates are the predicted time periods needed to complete a task in your project. Accurate estimates help you set realistic deadlines, manage expectations, and keep your project on track. […]

Activity Duration

Want to keep your project on schedule? Let’s talk about Activity Duration and why it matters! Activity Duration is the time from the start to the finish of a task, measured in calendar units. Knowing the duration helps you set realistic deadlines, manage resources, and avoid delays in your project. […]

Activity Attributes

Want to supercharge your project planning? Let’s talk about Activity Attributes and why they’re a game-changer! Activity Attributes are details tied to each task in your schedule. They include codes, relationships, resources, and more. These attributes provide clarity, help track dependencies, and ensure your project runs smoothly without surprises. Document […]

Activity

Want to break down your project into manageable pieces? Let’s dive into what an “Activity” really means! An activity is a distinct, scheduled portion of work in your project. It’s where the magic happens. Defining activities helps you organize tasks, set clear timelines, and keep everything on track. List all […]