Hopefully your projects never have this type of variance! A variance is defined as a schedule, technical, or cost deviation from the project plan. Variances should be tracked and reported, as well as mitigated through corrective actions. There are two types of variance which normally receive most of the attention: Cost Variance Schedule Variance Calculating... [Read More]| ProjectEngineer
Knowledge Areas Project Scope Management Plan Scope Management Collect Requirements Define Scope Create WBS Validate Scope Control Scope Validating the scope refers to formalizing the acceptance of project deliverables. It refers to the acceptance of the deliverables once they are delivered, not the common misconception of acceptance of what the deliverables will be (which falls... [Read More]| ProjectEngineer
Knowledge Areas Project Scope Management Plan Scope Management Collect Requirements Define Scope Create WBS Validate Scope Control Scope According to the Project Management Body of Knowledge, Project Scope Management is the knowledge area concerned with managing how the scope will be defined, verified, and controlled. Scope is the summation of work required to produce the... [Read More]| ProjectEngineer
Knowledge Areas Project Scope Management Plan Scope Management Collect Requirements Define Scope Create WBS Validate Scope Control Scope Scope is one of the major components of project management planning. The project scope defines the boundaries of the project, that is, what is included and what is not. Scope is also one of the primary areas... [Read More]| ProjectEngineer
Knowledge Areas Project Scope Management Plan Scope Management Collect Requirements Define Scope Create WBS Validate Scope Control Scope In order to determine the full scope of the project, the Project Management Body of Knowledge advocates for the intermediate step of collecting requirements. The Collect Requirements process involves assembling all of the project's various requirements from... [Read More]| ProjectEngineer
Project scope management is the second knowledge area in the Project Management Institute’s (PMI) Project Management Body of Knowledge (PMBOK). It includes the processes that ensure all of the required work (and only the required work!) is included in the project. In the PMBOK, scope management has six processes: Plan Scope Management Planning the process,... [Read More]| ProjectEngineer
Knowledge Areas Project Scope Management Plan Scope Management Collect Requirements Define Scope Create WBS Validate Scope Control Scope A project is made more manageable by breaking it down into components. In that spirit, the PMBOK requires the decomposition of the project into phases and tasks (also called activities). This task listing is called a Work... [Read More]| ProjectEngineer
The Project Management Body of Knowledge (PMBOK), produced by the Project Management Institute, is the gold standard for the project management profession. It divides project management into the following ten Knowledge Areas: Project Integration Management The stuff that doesn’t fit in any other category, like developing the project management plan itself, making changes to the... [Read More]| ProjectEngineer