Poor schedule management is one of the leading causes of project failure; It often strains client relationships and derails outcomes, making it one of the most challenging aspects of project management. Every project, by definition, is a temporary endeavor with a clear endpoint (PMBOK 7th Edition, 1.1), making effective schedule management a cornerstone of project... [Read More]| ProjectEngineer
In earned value analysis, the Estimate at Completion (EAC) is your forecast of the final project price tag, built on how the project has performed so far. More than just a number, it gives project managers a critical glimpse into what the total cost will likely be when the dust settles. The Bigger Picture The... [Read More]| ProjectEngineer
In project management, gut feelings and guesswork can only get you so far—eventually, you need cold, hard numbers to tell you if you’re winning or sinking. Earned Value is a method of calculating project status. It does this from two perspectives: Time (schedule) and Cost. After applying the earned value method the project manager will... [Read More]| ProjectEngineer
In the intricate symphony of project management, crafting a project schedule is the conductor’s baton—the single most critical tool for bringing harmony to chaos. For a project manager, it’s not just a task; it’s the cornerstone of their role, dictating how resources, timelines, and teams align to deliver success. A well-crafted schedule transforms abstract goals... [Read More]| ProjectEngineer
Project procurement management is a critical yet dynamic aspect of delivering successful projects. Whether due to limited expertise, resource constraints, or strategic decisions, most projects rely on external resources—sourced internally from the parent organization or externally through vendors. While procuring these resources can be an exciting opportunity to enhance project outcomes, it often poses significant... [Read More]| ProjectEngineer
Effective communication is the lifeblood of any successful project. Much like an airplane relying on the seamless interaction of countless components, a project depends on a network of stakeholders working toward a shared goal. When communication falters, even minor missteps can lead to major setbacks. Project communications management ensures that the information needs of the... [Read More]| ProjectEngineer
Project success is often distilled into simple metrics like meeting budget or schedule, a single pass/fail criteria measured at a single point in time. But these outcomes are rarely fixed targets. In fact, they are often in fail territory for long periods of time prior to entering pass territory for the critical moment. Indeed, there... [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
Earned Value is a method used by project managers to calculate the current project status and predict future project performance. In this post we will outline each earned value formula. Planned Value (PV) Earned Value (EV) Actual Cost (AC) Schedule Variance (SV) Schedule Performance Index (SPI) Cost Variance (CV) Cost Performance Index (CPI) Budget at... [Read More]| ProjectEngineer
The true power of the earned value method lies in its ability to sound the alarm before a project veers off track. In my days at a large engineering firm, I watched countless project managers stumble into a rude awakening at the end of the monthly billing cycle, only then realizing their project was lagging. ... [Read More]| ProjectEngineer
In today’s fast-paced and complex business environment, effective project management is more critical than ever. Whether you’re overseeing a small team or managing a large-scale initiative, understanding the core functions of a Project Management Information System (PMIS) can transform the way you plan, execute, and deliver results. In this post, we’ll explore eight essential functions... [Read More]| ProjectEngineer
In this day and age, project success is no longer a matter of luck. So long as the project schedule and budget are realistic and achievable, project management fundamentals provide more than enough tools for the project manager to implement project controls that provide sufficient early warning of variances that require action. Projects, by their... [Read More]| ProjectEngineer
Project status reports are essential tools for keeping teams, stakeholders, and leaders aligned on progress, challenges, and next steps. A well-crafted report provides clarity, builds trust, and ensures everyone understands where things stand. Projects are by definition temporary, that is, they have a defined beginning and end. For this reason, the project schedule is almost... [Read More]| ProjectEngineer
It's amazing how many projects do not know their true status until near the end, when there is little that can be done to ensure they finish on time or budget. The proper time to rigorously track project status is at the beginning, not at the end. This is when project risk can be managed... [Read More]| ProjectEngineer
Carpenters have hammers, plumbers have wrenches, and programmers have computers. But does a project manager have any tools which help them perform their work better, quicker, or cheaper? Absolutely! In fact, if you don't use these tools you will be at a serious disadvantage to other project managers. And if you do, your career will... [Read More]| ProjectEngineer
