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 […]
Project Management Blog
Sample PMP Question: June 2015 4 comments
What is Cost Variance? A) the difference between the amount budgeted and the amount actually spent for the work performed B) the varying cost of […]
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 […]
Sample PMP Question: May 2015
You are responsible for a construction project currently under execution. You’re closely evaluating the work by constantly measuring the project performance, and recommending changes, repairs, […]
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. […]
Program Management Improvement and Accountability Act Supported by PMI
New legislation was recently introduced in the U.S. House of Representatives that will make significant improvements to program and project management policy in the U.S. […]
Sample PMP Question: April 2015 2 comments
The product deliverable from your project is completed and the customer is ready to accept the product. As project manager, what should be your next […]
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 […]
Sample PMP Question: January 2015 2 comments
While selecting projects, the sponsor directs you as the project manager to pick the BEST project your company can pursue. Considering the following options, which […]
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 […]