Browsing Archives of Author »Dave Kohrell«

2013 in review

January 1, 2014

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The WordPress.com stats helper monkeys prepared a 2013 annual report for this blog. Here’s an excerpt: The Louvre Museum has 8.5 million visitors per year. This blog was viewed about 100,000 times in 2013. If it were an exhibit at the Louvre Museum, it would take about 4 days for that many people to see […]

Estimate at Completion – Using CPI and SPI Method 5th Edition PMBOK

November 26, 2013

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The Budget at Completion (BAC) is how much the project is supposed to cost when finished. However, during the project it may become clear that the project will not end up costing what it is supposed to cost. The Estimate at Completion (EAC) replaces the BAC for the amount that the project is now believed […]

Earned Value Management – CPI and SPI

November 9, 2013

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Cost Performance Index (CPI) and Schedule Performance Index (SPI) are indicators of how closely accomplished work is on budget and on schedule. CPI shows how many dollars (or other type of currency) worth of work is being accomplished for every dollar spent. SPI shows how the work is progressing compared to the original schedule. The […]

Project Exclusions, Assumptions, and Constraints 5th Edition PMBOK

October 23, 2013

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Project exclusions, assumptions, and constraints (among other information) are included in a Project Scope Statement.  They’re also explicitly referenced in the Develop Project Charter, Plan Project Plan and Plan Procurement Management processes.  Each of the 47 processes has an implicit reference to exclusions, assumptions and constraints. Here’s a simple example to help you lock in […]

PERT Formula – 5th Edition PMBOK

October 19, 2013

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The Program Evaluation and Review Technique (PERT) formula or 3 point estimating is a simple and useful tool for project managers, and those who are planning to take their PMP Exam should have it memorized. There is much more to PERT as a project scheduling and planning technique than this formula, but here we’ll focus […]

PMBOK 5th Edition

February 28, 2013

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Yes, it’s coming this year. 2013. Really soon! But don’t worry we have your back at TAPUniversity. Our blog minions, elves and other noble folk are updating over 300 PMBOK rocking entries for the hefty new PMBOK. Yours truly, David, has seen this rodeo before. Why I remember the very first PMBOK – pdf and […]

Program Management gets real in the Market to Market 2012

October 19, 2012

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Program management involves orchestrating several inter-related projects.  Often times a program grows out of a large project. While reflecting upon a wonderful weekend of running with close friends and over 3,000 other friends, covering a distance of 78 miles in teams of six to eight, it dawned on me – that event was a perfect, […]

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