Posts Tagged ‘Project Management Techniques’

How are we doing? Quick earned value ratios to check your project’s health

Sunday, January 31st, 2010

Project Managers use the Earned Value Management technique to zero in on their project’s health.   It’s a tool that helps the project manager to objectively answer, how are we doing?   The technique can provide an  early barometer of impending trouble.   In the heat of project execution, how many times have you asked yourself, is my project on track?  Are we where we should be?  If we keep moving at this rate, is it likely that we will we finish on time on budget?  

You can use the Schedule Peformance Index (SPI) and the Cost Performance Index (CPI) ratios to determine your project’s performance relative to the planned schedule and budget.  They can be powerful indicators to keep you and your project stakeholders informed.  NASA provides a wealth of detail about earned value management at  evm.nasa.gov/tutoriala.html.  You can also visit the The Project Management Institute’s College of Performance Management to learn more.

-Project Walker

Welcome to the Project Central blog

Sunday, January 17th, 2010

Welcome to TheProjectCentral.com Blog where you’ll find Agile and Traditional project management related topics and links.  I’m S. Umrani, a certified PMP and CSM more than 17 years of Information Technology project management experience.   I’ve spearheaded large and small IT and business process initiatives at fortune 100 investment banking, brokerage and computer hardware and services companies.   I’ve managed teams and have provided IT training on a variety of topics.  My background is concentrated in financial services, but good project management practices can be applied to any industry.  My screen name is ProjectWalker.  You can email me at projectwalker@theprojectcentral.com.   Check back weekly.  I’ll post tips, training and best practice information that I’m thinking about or that I have come across.  If I find something interesting before the week is up, I’ll post it right away. Upcoming topic…

Communications Management – Controlling Your Project’s Message

- S Umrani – PMP, CSM