Tag: Cost

Free Total Project Status Report Template

Free Total Project Status Report Template

As I study the collection and reporting of metrics and project statuses, I find many reports just do not deliver what they should. I believe there should be a stand-alone deliverable that a project manager is able to provide to a stakeholder at any time, illustrating the total project status.  I created a report and…

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Applicable quote to Earned Value Management

Applicable quote to Earned Value Management

While I was doing some research for my book, I came across an excellent quote by Bill Hewlett.  Do you think your boss understands this quote? “You cannot manage what you cannot measure…and what gets measured gets done.” — Bill Hewlett, Hewlett Packard

Cost Variance and Project Management Terms

Cost Variance and Project Management Terms

If you’re looking to take the PMP exam, there are several definitions you need to know.  You MUST know and understand the definitions listed in the table below. The exam won’t come right out and ask you “What does Actual Cost mean?”  The questions are more like:  “What kind of Variance do you have on a deliverable…

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