Real World PM


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. […]