An earlier posting described the concept of Earned Value—the idea that accomplished work has value, even if the work is incomplete. There are a number of formulas and acronyms to know when applying Earned Value Management (EVM). A couple more will be introduced here. Actual Cost (AC) and Budget at Completion (BAC) are two basic… [Read more…]
February 26, 2009 by tapuniversity
There is much to understand and a number of formulas to know in order to apply Earned Value Management (EVM). It’s often the most difficult concept for project managers to learn when they are studying for their PMP exam if they have not applied it in their work. The very first step is gaining a… [Read more…]
February 6, 2009 by tapuniversity
The Program Evaluation and Review Technique (PERT) formula 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 just on the formula.… [Read more…]
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March 2, 2009 by tapuniversity
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