Project Management Blog - Page 21 of 36 - Resources for Project Management

Quality – Business Leaders and Project Managers Should Work Together to Increase the Quality of Their Products

Quality for Business Leaders and Project Managers Every business leader wants a quality product yet defining “quality” can be overlooked or deemed something so obvious it is not worth the time to explain. Leaders need to pay attention to quality, and those driving the quality processes need to communicate in a way that resonates with […]

PMP Formulas

Budget at Completion (BAC)

Erin Aldridge, PMP, PMI-ACP, & CSPO

Budget at Completion formula PMP® Exam Topic One of the critical concepts within the Earned Value area of formal project management is Budget at Completion (BAC). The Project Management Institute (PMI)’s Project Management Professional (PMP)® certification exam may include questions about, or driven by, the earned value (EV) performance calculations, including BAC. The great news

PMP Formulas

Three-Point Estimating PMP® Exam Resource

Erin Aldridge, PMP, PMI-ACP, & CSPO

Producing a project estimate for the potential time, effort, and cost required is essential in project planning. One estimating technique suggested by the Project Management Institute in the A Guide to the Project Management Body of Knowledge (PMBOK® Guide) is three-point estimating. This Project Management Academy resource will help you understand three-point estimating and relevant

PMP Formulas

The EAC Formula: PMP Questions & Insights into Project Budgets

Erin Aldridge, PMP, PMI-ACP, & CSPO

The Project Management Institute (PMI)’s Project Management Professional (PMP)® certification exam may include questions about, or be driven by, the Estimate at Completion (EAC) formula. Often referred to informally as “EAC Formula PMP,” in fact the tool is more than just a reference point for PMP® exam questions. It is a calculation that incorporates actual

PMP Formulas

Earned Value for the PMP® Exam

Erin Aldridge, PMP, PMI-ACP, & CSPO

Project Management Value and Earned Value No matter what type of work is in a project or in what industry project work is performed, the question that always matters is: “is it on track?” To answer that question, Project Managers use Earned Value (EV) and Earned Value Management (EVM) tools to tell the story of

PMP Formulas

Schedule Performance Index (SPI) for PMP® Exam Prep

Megan Bell

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).

PMP Formulas

Benefit-Cost Ratio PMP® Exam Guide

Erin Aldridge, PMP, PMI-ACP, & CSPO

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

Project Management

Groundwork for a Successful Business: Project Management

Jason Cassidy

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

Project Management

The Executive Sponsor in the Project Economy

Antonio Nieto-Rodriguez

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

PMP Formulas

Cost Performance Index (CPI) for PMP® Exam Prep

Megan Bell

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.