If you want to learn the key concepts of process improvement, you are in the right place. Ensuring high quality and improving customer satisfaction is often difficult for the companies. Therefore companies and organizations are looking for the ways of … Read more
Organizations are formed in different structures such as projectized organizational structure, matrix organizational structure, functional organizational structure , composite organization, etc. In our previous articles, we have discussed different types of organizations. Unlike other types of organizations, in Projectized Organizational … Read more
If you are preparing for the PMP Certification exam, most probably you asked the following questions yourself – What are the similarities and differences between control and run charts? and Why are they so important for process control? Basically, Control … Read more
In this tutorial, we will discuss the three metrics (Planned Value, Actual Cost and EV) of Earned Value Analysis in detail and analyze an illustrated example for better understanding. Basically, Earned Value Management (EVM) is a project management technique for … Read more
What is the importance of Decision Tree Analysis in project management? Today, we are going to discuss the significance of decision tree analysis in statistics and project management by using example problems and solutions to illustrate its benefits. An effective … Read more
In our daily lives, we often make assumptions to support our decisions. However, constraints are obstacles on our path that block our plans and progress. If you are preparing for the PMP Certification exam, you have likely thought about project … Read more
Project managers often use graphical representation tools to understand their projects’ performance. CPM, Gantt, and PERT Charts are used to demonstrate workflow and sequence of activities. Although both scheduling tools serve the same purpose, they are different from each other. … Read more
Stakeholder identification is the first step in project management, coming before Stakeholder analysis. Typically, key stakeholders can be defined as the individuals, groups, and/or organizations who can affect or be affected by a project. They can be categorized as primary, … Read more
A week ago, we received an inquiry from a reader regarding resources for Earned Value Management Example and solution. Earned Value Analysis (EVA) is a robust technique for understanding and managing project performance efficiently. Organizations across all the industries use … Read more
Construction projects involve numerous resources, including laborers, subcontractors, equipment, and materials. Lack of coordination and communication between the project team and stakeholders can lead to disputes both before and during the execution of the project. Inadequate construction claims management, along … Read more
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