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Tag Archives: cost

Do’s and Don’ts: Use a Simple Program Simulation for Initial Assessment

A “Master” project is great for modeling a program but takes time to create and refine. (If you do not know about this capability see my other article, “Do’s and Don’ts: Creating Subprojects”) If you are pressed for time and just want a high level initial assessment of resources, work and cost across all the projects, consider a…

Compatibility

Collin Quiring of PMP Specialists presented the topic of compatibility between the 2003, 2007, 2010 versions of Microsoft Project and Project Server. He really nailed down features of the 2010 versions that are not used if the file is opened in either 2007 or the 2003 version. Compatibility is a very important feature to consider,…

Membership Benefits and Pricing

    Newsletter Introductory Premium Membership Group Membership Price Free $14.99 / 1 Month $129 / yr. Up to 90% off Tip Articles, special offers, calendar of events, news Live Webinar Training Events with interactive Q&A. Attend any or all of these live, PMI® PDU eligible sessions – Multiple per month – Live Online Certificate Series Training Project…

Certification Insider: Microsoft Project Budgets and Costs

Budgets can make or break a project, and, as it turns out, could be the difference between pass or fail on the Project certification test. So it’s no surprise that controlling costs tests your prowess as a project manager and as a Microsoft Project maven. This column reviews several cost-related features in Project, because knowing…

How to Reduce Your Project Costs

You’ve diligently entered costs into your project plan and either looked at the resulting cost totals…or compared your planned costs against your budget… If your costs are coming out to $110,000 when your maximum is $95,000, you have to figure out how to trim $15,000 from your planned project costs or heads will roll —…

Ask the Expert: Separating Time Completed from Work Completed

Bob from Atlanta, GA asks: The primary tracking method we use is percent duration complete. I don’t want the hours that a resource works updated when I update the percent duration complete. Is this possible? Answer: Yes, you can turn off this feature if you would like. I feel it is appropriate in some cases…

Laying the Foundation for Leading a Project Management Office

When leading a project management office (PMO), one of the first tasks you should consider is establishing the foundation for your organization — a set of principles under which you will operate the PMO. Why A good set of well thought out principles for the organization will help tremendously to “define itself” to your internal…

Ask the Teacher: Earned Value Doesn’t Want to Calculate

Barbara from Denver, CO asks: I want to used earned value calculations to help manage my projects. However, when I look at the BCWS and BCWP fields, the data doesn’t seem to be calculated. What’s going on? Answer: Earned value can be a very helpful indicator of the health of your project. It’s the equalizer…

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