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
The project deadlines are firm but the resources are occupied. The deadlines have been tightened but the quality must stay the same. The customer wants the highest quality product at the lowest cost. These are some of the many issues a project manager must deal with on a daily basis. On a foundational level, the... [Read More]| ProjectEngineer
Every great project starts with a vision, but without a solid plan to back it up, even the best ideas can spiral into chaos. That’s where project schedule planning comes in. It's a roadmap that turns ambition into action, keeping teams aligned, deadlines on track, and stress at bay. Whether you’re launching a product, building... [Read More]| ProjectEngineer
Imagine the following scenarios: A phone call or meeting with the client smooths over late delivery of a report. A subcontractor completes his task late and offers a financial discount that improves the project's economics. These are not uncommon scenarios, and they appear to render the current schedule meaningless. Does this mean it was a... [Read More]| ProjectEngineer
Missing deadlines reflects poorly on a project manager. With few exceptions, deadlines are a major component of project success. Because projects are by definition temporary, someone has authorized the project and expects its deliverables in a timely fashion. A schedule management plan is a subset of the project management plan whose purpose is to put... [Read More]| ProjectEngineer
Want to unlock the secret to delivering projects on time and within budget? Earned Value Management (EVM) might just be your key. This powerful project control technique gives project managers a clear, data-driven snapshot of where a project stands—tracking both budget and schedule performance in real time. But more than that, it forecasts how those... [Read More]| ProjectEngineer
Welcome to the Project Scheduling Tutorial. In this tutorial we will give you a comprehensive introduction to one of project management's most foundational concepts. Project managers spend most of their time on creating schedules and budgets, or changing them. Good project managers look at the schedule every day, and obsess about staying on time and... [Read More]| ProjectEngineer
After project planning is complete, and a strong project plan is in place that manages the stakeholders' expectations, the project work must begin. The resources are acquired, the people are trained and the project moves into the execution phase. At this point all of the project plans are put into motion, and any changes must... [Read More]| ProjectEngineer
Although it isn't in the dictionary, the project management industry uses the term deliverables almost daily. I must say, I am tired of MS Word underlining it as a spelling mistake. Deliverables are the products, services, and results that a project produces. Thus, they are the cornerstone to project success. Every project has to produce something.... [Read More]| ProjectEngineer
When a ship is out on the open sea, the driver, called a Helmsman, is responsible for turning the wheel which in turn moves a rudder back and forth to change directions. When the wind or sea conditions are rough, experienced helmsman use their keen sense of how the ship will react to keep it... [Read More]| ProjectEngineer
