In the previous two articles of this series, we looked at Work Performance Information and Work Performance Measurements. In this article, we'll review Performance Reports.
In Part 1 of this series, we reviewed the concept of Work Performance Information. In this article, we'll review Work Performance Measurements.
Work Performance Measurements (WPMs)
Many PMP aspirants who read the PMBOK Guide get confused between Work Performance Information and Performance Reports. The terms sound and smell very similar and used together as inputs to many Project Management processes.
This article is the first in a series of four that explain the difference between Work Performance Information and Performance Reports. In the first three articles, we'll review Work Performance Information, Work Performance Measurements and Performance Reports. In the last article, we'll tie all three concepts together and review how they fit in the context of PMBOK Guide and Project Management. So, let's get started.
Work Performance Information (WPI)
The Enhanced Critical Infocomm Technology Resource Programme (Enhanced CITREP) is a training incentive programme to equip Singapore infocomm professionals with critical and emerging skills, thus enabling them to enhance their employability and to improve their organisation’s competitive advantage.
I just posted answers to 5 more FAQs on the PMP Certification exam.
- How far back can I go for the Project Management experience on my PMP application?
- Can the PMP Exam be taken in a language other than English?
- How far in advance do I have apply for the PMP exam?
- What do I need to bring to the test center for taking the PMP Exam?
- What (stationery) does the test center provide for the PMP Exam?
PMP Certification FAQs
100+ FAQs about PMP Certification
What is Estimate at Completion (EAC)?
EAC is a "forecast" of the project cost, as the project progresses. Before the start of the project, EAC is the same as Budget At Complete (BAC). However, as the project progresses, EAC may differ from BAC depending upon the project performance.
Case study: You are a project manager on a really large construction project. Your project requirement is to build a shopping mall on a square piece of land. However, due to economic crisis, the project is scaled down and reduced to building just the boundary walls!! The height of the wall needs to be a staggering 2m. As per the original estimate, it will take 1 week to build one side of the boundary and cost $1000 per side. So, your original budget (BAC) is $4000 and you have 4 weeks to complete the project. Without further ado, let's get on with laying the bricks.