Erin Aldrige

Yami Barrera

PMP, PMI-RMP

CFOs Use Project Management Formulas to Achieve Success in their Business

As we explore the inextricable link between business success and project management, I ask you: For each of the following formulas, can you tell if they are used by the Chief Financial Officer (CFO) or the Project Manager (PM)? To determine the discounted value of future cash flows resulting from an investment project: PV = …

Jason Cassidy

The Difference Between Parametric vs Analogous Estimating PMP

Estimating is a key skillset for any project manager in any industry. There are multiple estimating tools project managers can combine to better refine the final estimated value for resources, effort, budget, timelines, and even risks. No project plan can happen without estimating. The analogous estimating (or “top-down estimating”), parametric estimating, and three-point estimating tools …

Megan Bell

Megan Bell

PMP Exam Prep: To Complete Performance Index (TCPI)

The Project Management Institute (PMI)’s Project Management Professional (PMP)® exam may include questions around the definition, purpose, and calculation of project management formulas used to assess cost and schedule. Among those project management tools is the To Complete Performance Index (TCPI), informally known as the “TCPI PMP.” Whether preparing to take the PMP® exam or …

Megan Bell

PMP® Schedule Variance (SV): How to Calculate and Analyze SV

One of a project manager’s many critical roles is to keep projects on track. It can be easy for projects to deviate from the agreed-upon schedule. While this may happen for reasons out of anyone’s control, schedule variances are often unnecessary or preventable. Ultimately, all schedule variances can impact the project’s budget, as well as …

Erin Aldrige

Megan Bell

Man drawing channels of communication

Communication Channels PMP®: Managing Project Communications

According to the Project Management Institute’s PMBOK® Guide, about 90% of a project manager’s time is spent communicating. Effective communication is critical to a project’s success since better communication leads to more efficient project management. For a PMP®, effective communication channels are absolute necessity. One hurdle to good communication is communication complexity. PMP® exam candidates …

Erin Aldrige

Erin Aldrige