In my previous two blog posts, I have discussed the Earned Value Management (EVM) and its three basic elements; i.e. Planned Value (PV), Earned Value (EV), and Actual Cost (AC). In this blog post, we will move a little further from the previous articles. Please make sure that you understand the [...]
Planned Value (PV), Earned Value (EV) & Actual Cost (AC) in Project Cost Management
The Earn Value Management (EVM) has three basic elements: Planned Value (PV) Earned Value (EV) & Actual Cost (AC) In this blog post I’m going to discuss these three basic elements of Earn Value Management (EVM). It is very important for you to understand these three EVM elements. Read this blog [...]
Earned Value Management (EVM) Analysis in Project Cost Management
The Earned Value Management (EVM) analysis is a technique in Project Cost Management that determines the current status, tracks the progress, and helps in forecasting the likely future performance of the project. It helps the project managers to measure the project’s performance. Earned Value Management (EVM) technique is one the [...]
Work Performance Information (WPI) vs Work Performance Measurements (WPM)
The Difference among the Work Performance Information (WPI), Work Performance Measurements (WPM) and the Performance Reports is a common cause of confusion among many PMP aspirants and professionals. Therefore, I’m writing a series of two blog posts in which you will find detailed description for each of them. In the first [...]
Enterprise Environmental Factors & Organizational Process Assets
What are Enterprise Environmental Factors (EEF), Organisational Process Assets (OPA), and what is the difference between them? Enterprise Environmental Factors and Organisational Process Assets are very frequently mentioned in the PMBOK Guide, and these are input into almost all processes in it; therefore, it is very necessary for every PMP [...]