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Cost Management

How to Do Your Cost Management Right in Project

Often, we see that project timing and project resourcing are managed in Microsoft Project, while project finances are kept in Microsoft Excel. Using the financial governance capabilities in Project is...

New Advances in Project Management Tools

Project Management Institute (PMI)® Professional Development Units (PDUs): This Webinar is eligible for 1 PMI® PDU in the Technical category of the Talent Triangle. Event Description: In this webinar,...

Resource Planning with Microsoft Project

  Watch Updating Projects Progress with Microsoft Project Project Management Institute (PMI)® Professional Development Units (PDUs): This short video is NOT eligible for PMI® PDU credit. Event De...

Project Opportunity Cost and Why You Need to Understand It

If you’re in the middle of preparing to take the Project Management Professional (PMP)® Exam you have undoubtedly read through A Guide to the Project Management Body of Knowledge (PMBOK® Guide),...

How to Estimate Your Project Effort

The practice of estimating in project management is one of the most challenging. Whether you’re trying to figure out project effort, duration or cost, given the inherent uncertainty of projects ...

PMP Prep: Understanding Internal Rate of Return

Internal Rate of Return (IRR) is a project selection technique that takes a comparative approach for selection. When you’re taking the PMI® PMP® exam, you should expect questions on IRR. In your...

Cost vs Schedule Risk Analysis for Proposals

  Project Risk Analysis There are two important outcomes for most projects beyond the obvious scope and quality objectives: Cost and Schedule. The cost outcome directly affects the value of perfo...

Calculating the Percent of Variance in Microsoft Project

  Have you ever wanted to know the impact of a given variance in your schedule percentage-wise? For example, let’s say you have a finish variance of five days in a task that was originally ...

Image of "forecasting stone"

PMP® Prep: Calculating EAC and ETC for Forecasting

In PMI®’s Project Management Professional (PMP)® exam, you’ll find a number of questions on earned value management (EVM). Along with EVM, the concept of “forecasting” is also ...