Project Management is the foundation of successful projects, and having a good understanding of basic project management principles can make all the difference in achieving your goals. From planning and scheduling to resource allocation, risk management and quality control – mastering these fundamental concepts will help you stay on track for success. An Overview of […]
Work Breakdown Structure
The Earned Value Management (EVM) Building Blocks
For many, Earned Value Management (EVM), at its heart, is a paradigm shift in the way we consider and focus on a few fundamental project parameters. It opens the door to a treasure trove of performance assessment and forecast insight for projects. A major duty of the project manager is to keep the project on […]
P6 Professional System Administration and Project Data User Privileges
Primavera P6 Professional system administration allows you to restrict user data privileges within the Enterprise Project Structure (EPS), which is P6’s file structure system, and the Work Breakdown Structure (WBS). Let’s take a further look. System Administrators in P6 Professional define Project Security privileges and assign them to differing levels of the Organizational Breakdown Structure […]
7 Benefits of Using a WBS
A Work Breakdown Structure (WBS) is one of the standard building blocks of project management. It’s mandated as part of EIA-748-B because a product-oriented WBS defines the work required to complete the program. It shows the hierarchy of program and project work and is commonly used in programs using waterfall or predictive project life cycles. […]
7 Artifacts Used in Project Scheduling
Artifacts Used in Project Scheduling The latest version of A Guide to the Project Management Body of Knowledge (PMBOK® Guide) includes a new section on artifacts used during managing projects. An artifact is something you would create or use during the project, generally with the aim of helping you achieve the specific goals of the […]
3 Limitations of Earned Value (EV) and How to Overcome Them
Earned Value Management (EVM) is a requirement for many government contracts, and specified by many clients looking to secure project teams to deliver their work. If you are taking your first steps into Earned Value (EV) to meet the demands of your clients, it’s worth understanding a little about the limitations of the system so […]
Earned Value Management Terminology Basics – Financial
There is a lot of confusion about some of the terminology surrounding the process of Earned Value Management (EVM). This can be particularly confusing for those who are new the discipline of Earned Value Management. There are various monetary terms that, while probably somewhat familiar to you, will not always make immediate sense when used […]
Video – Developing a WBS in Primavera P6
A WBS in Primavera P6 is the cornerstone in the planning of a multi-step project as it defines the project scope. It is a hierarchical tree structure that outlines the project and breaks it down into smaller, more manageable portions, visually detailing the deliverables within a project. A WBS (Work Breakdown Structure) is built by […]
Developing a Work Breakdown Structure in Primavera P6
Building a Work Breakdown Structure in Primavera P6 is a fairly simple process as long as you capture all the deliverables. In our example below, we have been given a contract to deliver a new search feature for a software tool. So how do we ensure we capture all the deliverables for this contract? We’ll […]
5 WBS Problems and How to Fix Them
Understanding the project scope is one of the key things that leads to success in the project later on. After all, if you don’t know what you are supposed to deliver, you can’t deliver it! The Work Breakdown Structure (WBS) is a tool that we teach on our project management training courses to help teams […]