-
Archives
-
Meta
Tag Archives: CAPM
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 PMO?
PMO The Project Management Office (PMO) in a business or professional enterprise is the department or group that defines and maintains the standards of process, generally related to project management, within the organization. The PMO strives to standardize and introduce … 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
What are Communication Skills?
Communication Skills Communications skills are part of general management skills and are used to exchange information. Communication has many dimensions: Written and oral, listening, and speaking Internal (within the project) and external (customer, the media, the public) Formal (reports, briefings) … Continue reading
What is PMIS?
PMIS The Project Management Information System (PMIS) is an information system consisting of the tools and techniques used to gather, integrate, and disseminate the outputs of project management processes. It is used to support all aspects of the project from … Continue reading
What is Configuration Management System?
Configuration Management System Configuration Management System is a subsystem of the overall project management system. It is a collection of formal documented procedures used to identify and document the functional and physical characteristics of a product, result, service, or component … Continue reading