Configuration Management Vs Change Management
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Configuration Management Vs Change Management

ByFahad Usmani, PMP

Project environments are dynamic and changes are constant in areas like process, planning, or scope. You can group these changes into two categories: Change Management and Configuration Management.

“Change Management” is the first category. Here you manage changes related to project management plans, processes, and baselines.

In the second category, you manage changes related to product scope, which is known as configuration management.

Change requests are required when baselines are established and you have to make changes to them. If the baselines are not set, no formal change request is required. Change requests and configuration requests are part of the integration management system.

Quality Control vs Verify Scope
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Quality Control vs Verify Scope

ByFahad Usmani, PMP

In the PMBOK Guide, fifth edition, the validate scope process has replaced the verify scope process; therefore, this post is obsolete. Please refer to my new blog post on quality control and validate scope.

The quality control and verify scope processes are important for a project as they ensure that the deliverable is defect free and meets the user’s requirements.

Since both processes involve inspection and testing many professionals get confused and think that they are the same. They have different objectives and are carried out with a different goal in mind.

Variance at Completion (VAC): Definition, Example & Calculation

Variance at Completion (VAC): Definition, Example & Calculation

ByFahad Usmani, PMP

Definition: Variance at Completion (VAC) is the expected cost underrun or overrun at the project’s end. It is the difference between the old and new budget, i.e., Budget at Completion (BAC) and Estimate at Completion (EAC). A negative VAC shows the project has an expected overrun, and a positive VAC shows the project is expected…

Cost Performance Index (CPI): Definition, CPI Formula, Examples & Calculations

Cost Performance Index (CPI): Definition, CPI Formula, Examples & Calculations

ByFahad Usmani, PMP

Definition: Cost Performance Index (CPI) is the ratio of Earned Value and Actual Cost and provides cost efficiency of the project. This term is popularized by the PMI, and as per the PMBOK Guide, “The Cost Performance Index (CPI) is a measure of the cost efficiency of budgeted resources, expressed as a ratio of earned…

Schedule Performance Index (SPI): Definition, SPI Formula, Examples & Calculations

Schedule Performance Index (SPI): Definition, SPI Formula, Examples & Calculations

ByFahad Usmani, PMP

Definition: Schedule Performance Index (SPI) is the ratio of Earned Value and Planned Value and provides cost efficiency of the project. The term “Schedule Performance Index” is popularized by the PMI. As per the PMBOK Guide, “The Schedule Performance Index (SPI) is a measure of schedule efficiency, expressed as the ratio of earned value to…

Cost Variance (CV): Definition, Formula, Example & Calculation

Cost Variance (CV): Definition, Formula, Example & Calculation

ByFahad Usmani, PMP

Definition: Cost Variance (CV) is the difference between Earned Value and Actual Cost, and it shows how much the project is ahead or behind schedule in terms of dollars. The term “Cost Variance” is popularized by the PMI, and as per the PMBOK Guide, “Cost variance (CV) is the amount of budget deficit or surplus…

Schedule Variance (SV): Definition, Formula, Example & Calculation

Schedule Variance (SV): Definition, Formula, Example & Calculation

ByFahad Usmani, PMP

Definition: Schedule Variance (SV) is the difference between Earned Value and Planned Value, and it shows how much the project is ahead or behind schedule in terms of dollars. The term “Schedule Variance” is popularized by the PMI. Per the PMBOK Guide, “Schedule variance (SV) is a measure of schedule performance expressed as the difference…

What is a Banana Curve in Project Management?

What is a Banana Curve in Project Management?

ByFahad Usmani, PMP

A banana curve is a form of an s-curve and used in project management. These days all project management software or project scheduling software has facilities to provide the banana curve with a few clicks. While developing the project network diagram, you identify each activity’s early start, early finish, late start, and late finish. These…

Earned Value Management (EVM) in Project Management

Earned Value Management (EVM) in Project Management

ByFahad Usmani, PMP

Earned Value Management (EVM) is a key concept in project management. Cost overrun and schedule delays are common among projects, and these deviations affect the project objectives. If you are managing projects, you must be aware of how the situation can be stressful. If these deviations are not controlled, the project could be terminated. You…