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Category Archives: PgMP
What is a Critical Path?
Critical Path A critical path is the sequence of project activities, which add up to the longest overall duration. This determines the shortest time possible to complete the project. Any delay of an activity on the critical path directly impacts … Continue reading
What is Resource Histogram?
Resource Histogram Resource histogram is a bar chart showing the amount of time that a resource is scheduled to work over a series of time periods. It shows the resource requirements by time period. Resource histograms are handy tools for … Continue reading
What is EAC?
EAC An estimate at completion (EAC) is a forecast of the most likely total value based on project performance and risk quantification. EAC is the projected or anticipated total final value for a schedule activity, WBS component, or project when … Continue reading
What is Lessons Learned Documentation?
Lessons Learned Documentation Lessons learned documentation is prepared to contribute to the lessons learned knowledge database of the organization. It includes the causes of issues, the reasoning behind the corrective action chosen, and other types of lessons learned about stakeholder … Continue reading
What is a Contract?
Contract Contract is an agreement that mutually binds the seller (to provide the specified product or service or result) and the buyer (to pay for it). A contract is an exchange of promises between two or more parties to do … Continue reading
What is Six Sigma?
Six Sigma Six Sigma is a business management strategy, initially implemented by Motorola. As of 2009 it enjoys widespread application in many sectors of industry, although its application is not without controversy. Six Sigma seeks to improve the quality of … Continue reading
What is Program Resource Calendar?
Program Resource Calendar The program resource calendar defines when the program resources will be available for program work, what is the work that is assigned to team members to be completed, and other information about scheduling the resources. It helps … Continue reading
What is Program Work Breakdown Structure?
Program Work Breakdown Structure The program work breakdown structure is a visual decomposition of the program scope. It subdivides the program deliverables to work packages that are linked to the activities within the program. It defines a program and groups … Continue reading
What is Program Scope Statement?
Program Scope Statement The program scope statement defines all the work and only the required work for the program. It is an agreement among the program team, the program sponsor, and key stakeholders. It represents a common understanding of the … Continue reading
What are Communcation Channels?
Communcation Channels Communication channels are paths of communication with stakeholders in a project or program. The number of communication channels shows the complexity of a project’s communication and can be derived through the formula shown below: Total Number of Communication … Continue reading