Project Controls vs Project Accounting - What's the Difference?
7 years 38 weeks agoIn my career, I've worked across multiple industries and companies and one thing that stands out is the confusion surrounding the function of Project Controls and what it is meant to achieve. There are Project Accountants, administrators or finance personnel who “do a bit of Project Controls” however, they are actually just producing monthly project financial reports, invoices and cash
Earned Value – A Simplistic Explanation
7 years 39 weeks agoOver the years I have seen many articles, discussions and questions about Earned Value Management (EVM). What is it, how valuable is it as a management tool, how do you use it? Often the explanation can be quite complex. As is usual for experienced project managers or project cost practitioners we often talk in technical terminology. Terms such as Cost Performance Index (CPI), Cost
Problems with scheduling practice
7 years 39 weeks agoThis post will briefly look at the three major problem areas affecting scheduling practice:
- The first is most organisations and managers simply choose to ignore the project schedule, in part because they have never worked with a good schedule produced and maintained by an effective scheduler (they don’t know what they are missing) and in part because of lax governance from the
How to Level Resources / Resource Leveling without changing Project Finish date in Primavera P6
7 years 39 weeks agoNormally when we Level Resources, Primavera will delay an activity so that Resource is not overloaded. It can make Project Finish date delay.
How can we make Project Finish date not delay? I’ll explain in this article.
We have a simple project with 2 activities assigned Resource A and 2 activities assigned Resource B.
How does “Top Down Estimation” in Primavera P6 work?
7 years 40 weeks agoIn Primavera we have a function called “Top Down Estimation” which help us to calculate an estimated figure for Labor and Non-labor unit based on “estimation weights”. It can apply to WBS and Activity.
I will show you how to do it.
We have a simple project and each activity is assigned the resource “Test”. By default each activity will have 40 units.
Agile Transformation—It’s About the People
7 years 41 weeks agoThe Agile Manifesto declared independence from constraining, process-centric software development methodologies. The Manifesto advocated for a product-focused, team-centric approach. As Agile has moved mainstream, it has spawned its own industry of methodologies and tools. Organizations embracing Agile must remember that people are the key to its success.
Project Selection
7 years 43 weeks agoDelivering the wrong project on time and on budget with 100% of its scope completed to the defined quality standards is a complete waste of money!
Before value can be created by the traditional project management processes defined in the PMBOK® Guide, the project manager has to be given the right project to manage. But selecting the best of
