Real World PM


Progressive Elaboration 1 comment






In the project management world, the term “progressive elaboration” involves continuously adding to, improving and detailing a plan as more specific information and more accurate […]


The Importance of Project Sponsorship






In late 2014 PMI surveyed almost 1000 project management professionals and over 200 project sponsors as part of their Pulse of the Profession® research.  Not surprisingly, […]


Cost Variance






What is Cost Variance (CV)? Cost Variance is the difference between the amount budgeted and the amount actually spent for the work performed on a […]


Schedule Performance Index






What is the Schedule Performance Index (SPI)? The Schedule Performance index (or SPI) is the ratio of the budget for the work performed to the […]


Estimating Activity Durations






What is an estimate of activity duration? An activity duration estimate is an evaluation of how long will be needed to actually perform an activity. […]


Products in Projects 1 comment






What is a “product” in a project? Basic rule of thumb: a product is something tangible (hold, touch & feel). Software and electronic documents are […]


Project Exclusions – What are they?






  What would be an example of project exclusions in a project initiation document in project management? Couldn’t it be just about anything?     […]