Real World PM


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?     […]


Tom Peters on Project Management

Best-selling business author Tom Peters was recently the keynote speaker at PMI’s Leadership Institute Meeting (LIM).  Among the wisdom he shared with the audience: If you […]


Program Management vs. Project Management

What’s the difference between Project Management & Program Management? And is it suitable to apply to a position in Program Management area with project management […]


Official hierarchy for project managers?

Is there an official hierarchy of project managers in project management? Not really, although some organizations will have Project Manager 1, Project Manager 2, etc. […]