Significance of Time in Project Management
Time is indeed a continuum of successive events that take place in sequence, from the past through the present to the future. The length of events or the intervals between them may be measured,...
Tagged: Project Management
What is Performance Measurement Baseline or Planned Value?
Performance Measurement Baseline (PMB) refers to the integration of the physical work schedule and the approved budget to accomplish the scheduled work. Together they result in an important value i.e. Planned Value (PV), Hence....
Introduction to Earned Value Management
Earned Value Management is a comparison of the actual costs of work executed with the budget costs of work executed. For example, every company has some sort of tracking system to indicate how it...
What is Earned Value Management and Uses?
Have you ever asked yourself any of these questions? My actual costs are less than my budget. Is my project doing well or is it behind schedule? My project’s real expenses have now exceeded...
Introduction to Project and Project Management
Project A project is a temporary endeavour undertaken to create a unique product, service or result. In other words, Project is a job that has a definite beginning and end, a fixed budget and...
