In Resource window -> Details tab, there is an selection box called “Currency”.What does it do? I’ll explain it in this article.By selecting the currency in that box, it determines in which Currency the Resource will be paid with. The setting locks t...
Did you know that the Defense Contract Management Agency (DCMA) is well on its way to implementing new methods for verifying the health of the projects and programs it monitors? This means major changes to current project management and reporting pro...
One of the good things about being a consultant is being able to find (or build!) more opportunities across a wide range of projects and clients and one of the good things about being part of a leading consultancy firm like Aquenta -http://www.aquent...
After downloading the installation file from Oracle, unzip it.Click on SetupSelect “Typical” and click OK Click InstallAfter installation complete, click OK.In Driver type drop-down list, select “P6 Pro Stand-alone (SQLite)”, then click NextSelect “A...
Broadly speaking there are three different types of projects and each have different characteristics, advantages and disadvantages. These need to be understood by project leaders so they can identify appropriate resources and tools to manage the proj...
Working out the probable completion date for a project and understanding the risks associated with achieving a target date have always been difficult. This article will take a quick look at the evolution of the techniques through to the current stat...
In a project plan beside the Start and Finish date of activity, we also need to know When we need resource, and How many resource we need.I will show you how to do it.We have a simple project with 3 activities and is assigned resource as follow:Activ...
There is a debate in the Agile community regarding the role of the project manager and the scrum master. These discussions remind me of a song from the musical, Oklahoma. Rather than drawing on the commonalities and shared mission of the roles, the...
Why do so many governing bodies allow their organisations to embark on high risk projects without insisting on a robust, independent assurance function?There is nothing wrong with embarking on a high-risk, high-reward project that has the potential t...
It is inspirational to hear words that rhyme where a line and a stanza impart a meaning using the song-like attributes of the articulated statements. The command of a poem makes one remember. It helped some University students recall difficult formul...
One benchmarking article mentioned an IPA study presented in the March 2010 annual meeting of the Industry Benchmarking Consortium (IPA, 2010) on how frequently small, site-based projects fail to meet objectives. A study divided the projects into two...
CPM Resource & Cost Loading Requires Inside KnowledgeLike construction project management, CPM Resource & Cost Loading is a science in which the best practitioners have administrative, as well as practical and theoretical skills specific to the indus...
As we discussed last time, the resource-loaded schedule represents a project manager’s most valuable tool for understanding and controlling the time and money requirements on any given project. With a continued focus on schedule importance, this arti...
Risk communication is required and crucial to keeping Stakeholders in the loop regarding project health and progress. It is arduous to please higher management and other Key Stakeholders by communicating nebulous (vague) project Risk status.Lack of c...
Why is it that many organisations look to solve problems by finding a new program/tool without looking at the fundamentals of the problems they are trying to solve? I’ve been at the forefront of many Project Delivery and Project Controls program imp...
Black swan events are so fascinating that they are a common source of discussion in many risk management forums. The variety of perspectives coming from all directions never ceases to amaze. Understanding black swans can help planning and professiona...
Project control provides the systematic pathway for monitoring, analyzing forecasting and controlling the projects. Project control is a proactive approach rather reactive. Similar to other project management components, Project control plan ought to...
One – Point estimation reflects one value per activity. It is based on expert judgment, experience, expert opinion or historical information. Fear of padding is always a major concern with one-point estimation. Also, it does not reflect risk or uncer...
The Impacted As-Planned method measures the impact of the delays on the as-planned schedule. The delays are formulated as activities and added to the as-planned schedule showing the effect of each delay and demonstrating how the project is being dela...
Previously, we have discussed how schedule pressure and various schedule compression techniques may manifest themselves unpredictably and with adverse effect on the project. When pondering this correlation it might be comforting to recall the age old...