Tag Archives: PMP

PMP – Contract Types

Procurement Management Process helps us to identify suitable suppliers/contractor for product delivery or provide proper services or equipment lease. A project manager must have good understanding on procurement concepts, no matter whether he is a buyer or seller. Contract type … Continue reading

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PM – Forward and Backward Pass

While doing critical path calculation two Project Management terms (PM) will always come in picture. These are Forward Pass and Backward Pass. These terms are to figure out start and finishing time of an activity and its effect on critical … Continue reading

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Point of total assumption (PTA)

In a fixed price incentive free (FPIF) contract, the point where buyer stops bearing cost is the Point of total assumption (PTA). In other word, it is the point, up to where buyer bears the cost, however any cost above … Continue reading

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Work Break down Structure (WBS) using MS project and chart pro

Work Break down Structure (WBS) is a deliverable orientated sub task/activity/goal of a project that is defined in a hierarchical way. Typically the WBS consist the organized task list, estimated time and the resources assigned/required for each tasks. It is … Continue reading

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Calculating Earned Value in Microsoft Project

In this example I tried to show how to calculate earned value using MS-Project. Expecting the reader has sufficient knowledge on Earned Value Analysis and familiar with Microsoft project 2003. Let’s take the example that I used in my other … Continue reading

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Earned Value Analysis…..

If you are managing project or studying project management books you must have heard the magic word of “Earned Value Analysis.” What exactly is it? According to PMBOK earned value analysis is “an objective method to measure project performance in … Continue reading

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