8 ways to meet budget in Fixed Price Projects
I write 2 blogs. One is the current blog on project management while the other is blog on completely unrelated subject – Cricket: http://fifth-umpire.blogspot.com/ Why am I mentioning my Cricket blog...
View ArticleScientific Estimation
This is a follow-up post of my previous post 8 ways to meet budget in Fixed Price Projects. We can successfully execute and deliver the project within specified time and budget by estimating the size...
View Article7 reasons to create WBS
WBS is an acronym for “Work Breakdown Structure”. Simply said it is the work required to break PM down. It is true that PMs are usually overburdened with project work they are on the verge of breaking...
View Article3-Point Estimate is Different From PERT…
Estimation is one of the most basic concepts of Project Management. In fact poor and improper estimation is one of the main causes of challenged projects. There are many ways to Estimate. Some of these...
View ArticleWhat Is The Use Of Standard Deviation In PERT Estimation?
What is the chance of getting a ‘Heads’ in a toss of a coin? You would say that’s easy. There is a 50% chance of getting a Heads. Or you would say Probability of getting ‘Heads’ is 50% or 1/2. What is...
View ArticleThe Ultimate Guide To Use PERT, CPM & Standard Deviation Together
I have described Program Evaluation & Review Technique (PERT), Critical Path Method (CPM) and Standard Deviation in complete detail this post. I have talked about how they are related to each other...
View ArticleDid You Know That A project Is Scheduled To FAIL?
A project is scheduled to FAIL from start. This is a very strong statement albeit true. I have noticed this phenomenon many times during my experience. Let me explain. Project Managers rarely...
View ArticleHow To Use Analogous & Parametric Estimating Techniques?
Project estimation is the most fundamental aspect of Project Management (PM). Analogous and parametric estimating techniques are most commonly used methods. You will find definitions, detailed...
View ArticleThree Point Estimate Formulas
Quick Reference on Three Point Estimate I have written a series of articles on Three Point Estimate and related concepts. Before reading this, you should look at my first article of the series. I have...
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