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Project Management Value and Earned Value

On this page: Project Management and Earned Value Earned Value (EV) Concept Earned Value Terminology Calculating Earned Value Understanding Earned Value (EV) Earned Value Calculation Example Earned Value Graph Example Sample EV PMP® Certification Exam Questions Project Management and Earned Value No matter what type of work is in a project or in what industry …

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Schedule Performance Index (SPI) for PMP® Exam Prep

Time is money. For project managers, clients, leaders, business owners, stakeholders, and well, anyone in a professional role working collaboratively on a project, “will it be done on time?” is a question packed with meaning. Project managers use proven formulas to provide data-based predictions for schedule and cost, such as the Schedule Performance Index (SPI). …

Benefit-Cost Ratio PMP® Exam Guide

Resource limitations may require you to decide if a project is worth pursuing or which project to choose from multiple viable options. Using benefit-cost ratios can help ensure you are using your resources in the best way possible. Your team at Project Management Academy has put together this guide outlining everything you need to know …

Good Project Management is Good for Business

Business Success If Good Project Management and Project Management Is Business

When I initially shared with peers that I was joining Project Management Academy, the reactions were varied and surprising.   A friend who runs a software development team rolled his eyes and grunted, “We have a project management office and all they do is get in the way of our development.” Next up, a CEO of …

Executive Sponsorship in Project Management

The Executive Sponsor in the Project Economy

In the next five years, the world will see more projects than ever. The reconstruction of the economy after the devastating global pandemic crisis, will be unprecedented in human history. According to McKinsey , Governments announced $10 trillion in reconstruction funds just in the first two months of the crisis, which is three times more …

Cost Performance Index (CPI) for PMP® Exam Prep

Anyone in a project management role knows the top questions asked by the customer (or boss) will be: “when will it be done?” and “how much will it cost?” Although project managers do not have a crystal ball to see into the future, there are proven formulas to provide data-based predictions for schedule and cost. …

Quality Audit vs Inspection

Quality Audit vs. Inspection PMP

Quality audits and inspections are often used similarly in everyday conversations. However, these terms are not interchangeable when it comes to project management. You must understand the difference between a quality audit vs. inspection for the PMP exam. Read through the following guide to quality audits and inspections and see if you can answer the …

Update to the PMBOK Guide

A Guide to the Project Management Body of Knowledge (PMBOK® Guide) 7th Edition and the PMP® Certification

The Project Management Institute (PMI)® plans a new edition of the A Guide to the Project Management Body of Knowledge (PMBOK® Guide) for release on August 1, 2021. The changes for the PMBOK® Guide are reflective of changes in the profession since the 2017 PMBOK® Guide – Sixth Edition with shifts to valuing delivery over …

PMP CSM Q&A

Q&A with Randy Smith, PMP®, CSM

It’s often helpful to hear about peers’ career trajectories and progression when thinking about where to take your career next. Randy Smith, PMP®, CSM is a PMA Student since 2016 and PMAccelerateTM Member with 30 years of Project Management experience. He is currently a Project Management Supervisor, Pacific Gas & Electric (PG&E). Q: How did …

Root Cause Analysis for the PMP Exam

Root Cause Analysis Steps PMP Exam Guide

No matter how well-planned, a project can always run into some problems. After a problem occurs, it is crucial for you to understand what happened, why, and how to fix it and prevent it from happening again. To do this, you need root cause analysis.