Delays!

Hi everyone,

Sorry for the delay in my posts, things have been hectic around here lately ~!

Will resume posting next week.

Enjoy the days!

Earned Value Worksheet

Hi everyone,

I've put together a neat little tool for learning the principles and formulas of EVT. Email me for your free copy of the worksheet and I'll be happy to send it to you. (cannot attach files to blogger)

The worksheet itself is quite simple, it allows you to plug in your BAC (Budget At Completion) your AC (Actual Cost) your planned percentage complete and your actual percentage complete, then generates the EVT figures for you.

The neat feature however is that I've assigned a color coordinated cell formatting to the CPI and SPI values. (that can be fully manipulated) as seen in the photo.

I've also included the standar EV formulas in the third tab of the document as well.

Please email me at reubenbutterfield@gmail.com for your copy and don't hesitate to provide feedback for how I might make this tool more useful or functional for study purposes and/or performance monitoring and control.

Sunny Sunday in beautiful Victoria BC!

Technorati Claim Post

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Just a quick post to ensure visibility on Technorati.

This blog is intended to provide pmp exam tips to aspiring pmp candidates. The pmp credential is a certification that is recognized internationally for a level of excellence in project management using the pmi methodology.

Project, Portfolio, Program, Process, Operation.. what's the difference? We're all managers!

According to the PMBOK, a project is a "temporary endeavor undertaken to create a unique product, service, or result." (you may want to remember this line!)

Let's look at some characteristics of projects:

-temporary

-unique

-a clear beginning

-a clear end

-long and involved

-short and simple

-can create a product, capacity to perform a service or other deliverable

Next comes portfolios, which, according to the PMI, are a "collection of projects or programs and other work that are grouped together to facilitate effective management of that work to meet strategis business objectives" The projects and programs contained in the portfolio can be -but do not have to be- directly related or dependent on oneanother.

Then we have programs, which the PMBOK describes as "a group of related projects managed in a coordinated way to obtain benefits and control not availabale from managing them individually". Furthermore, when you have a program, it always means you have more than one project, however you can have a project without it part of program.

As for operations, sometimes referred to as process, these are the functions that are performed to promote the ongoing activities of the organization, providing the same product or repetitive service. Several administrative functions and production line functions fall under the label operations.

~~Short and simple today to get the blog moving, so join me again very soon for more PMP review in preparation to sit for the PMP exam!

Feedback on the technical set up of this blog and feed!

Hi there, well now that it looks like a couple of people have joined up, *thank you* I'd like to ask for a little feedback on how the site, and particularly the feed are coming through to everyone.

Please let me know if anything is less than optimal, as I'm a newbie to the web publishing world.

Thanks in advance for any feedback provided.

More to come soon!

Overview of Processes by Knowledge Area

Project Integration Management	Develop project charter (initiating) Develop project management plan (planning) Direct and manage project execution (executing) Monitor and control project work (monitor and control) Perform integrated change control (monitor and control) Close project or phase (closing)
Project Scope Management	Collect requirements (planning) Define scope (planning) Create WBS (planning) Verify scope (monitor and control) Control scope (monitor and control)
Project Time Management	Define activities (planning) Sequence activities (planning) Estimate activity resources (planning) Estimate activity durations (planning) Develop schedule (planning) Control schedule (monitor and control)
Project Cost Management	Estimate costs (planning) Determine budget (planning) Control costs (monitor and control)
Project Quality Management	Plan quality (planning) Perform quality assurance (executing) Perform quality control (monitor and control)
Project Human Resource Management	Develop human resource plan (planning) Acquire project team (executing) Develop project team (executing) Manage project team (executing)
Project Communications Management	Identify Stakeholders (initiating) Plan communications (planning) Distribute information (executing) Manage stakeholder expectations (executing) Report performance (monitor and control)
Project Risk Management	Plan risk management (planning) Identify risks (planning) Perform qualitative risk analysis (planning) Perform quantitative risk analysis (planning) Plan risk responses (planning) Monitor and control risks (monitor and control)
Project Procurement Management	Plan procurements (planning) Conduct procurements (executing) Administer procurements (monitor and control) Close procurements (closing)