In order to meet the completion dates on your projects, it is wise to develop a project schedule. Whether you're managing the construction of the new Oakland Bay bridge or building a new shed in your back yard, adequate planning can ensure any project is completed on time, on budget, and meets all of its... [Read More]| ProjectEngineer
Some projects are like boats without a paddle, drifting aimlessly at sea with little knowledge of what their final destination will be. Most of these projects do not end up at the destination that was planned. Project scheduling is the key to ensuring the original project plan and final project outcome are at least close... [Read More]| ProjectEngineer
Projects are like a ship cutting through stormy seas. Without a good map and a sharp captain’s eye, you’re bound to drift off course, plunder your resources, and sink under the weight of missed deadlines. A weak schedule is like a tattered sail, flapping in the wind of chaos. Without a steady hand and a... [Read More]| ProjectEngineer
Projects don't manage themselves. Professional project management requires the development of a plan that outlines how it will be managed. According to the Project Management Body of Knowledge (section 4.2), the project management plan fulfills this purpose. Although it includes any and all items that define the management of the project, there are certain standard items.... [Read More]| ProjectEngineer
Project planning is immensely underrated. Everyone has a story of how they could have planned better to avoid a disaster, even if they didn't look back and realise it. The Project Management Institute suggests that planning should ideally consist of about 20 - 30% of the time required to perform the project work. This is... [Read More]| ProjectEngineer
If there is only one foundational part of project management, it would have to be breaking down the project into manageable parts. Those parts are called phases and tasks. Everything else is built upon that foundation, so it should not be taken lightly. Although it seems trivial, it is one of the most important parts... [Read More]| ProjectEngineer
If there's one part of project management that's bigger than all the rest, it's project scheduling. Since a project is a temporary endeavor with a defined beginning and end, defining when that end takes place and making sure it finishes on time are extremely important to any project, large or small. Professional project managers look... [Read More]| ProjectEngineer
Once the project has been divided into tasks and resources assigned to those tasks, the next step is to determine the task durations. This may seem trivial, but its importance cannot be understated because these durations will be used to construct the project schedule. Just like the tiny O-rings that brought down the space shuttle... [Read More]| ProjectEngineer
Three point estimating is a technique which utilizes an optimistic and pessimistic estimate to determine the ideal estimate value for a project task. It is a shoe-in for PMP exam questions, which is not likely to change anytime soon. It allows known risks to be quantified and built in to the project budget. Formula There... [Read More]| ProjectEngineer
Parametric estimating is a guaranteed inclusion on the PMP Exam. This article is assured to give you at least one point (but more likely four or five). Parametric estimating is a project estimation technique whereby a unit rate is used and multiplied by the number of units. For example: A house building project is estimated... [Read More]| ProjectEngineer
Analogous estimating uses the actual data from a previous project as the basis for estimating the current project. For example, the previous fence cost $75/foot therefore this one should cost about $100/foot. Many different variables can be compared, such as: scope cost budget duration Measures of scale: Size, weight, length, etc. Work units: Number of piles driven,... [Read More]| ProjectEngineer