Real World PM


What is 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 […]