Schedule Performance Index (SPI) and Cost Performance Index (CPI) are Earned Value Management (EVM) measures for project schedule and cost efficiency in project management, and used to assess the magnitude of variation from the established schedule and cost baselines.
Learn the difference between Discrete Effort, Apportioned Effort and Level of Effort (LOE) in project duration estimation for PMP certification.
Difference between Planned Value, Earned Value, and Actual Cost in Earned Value Management under Project Cost Management.
Understand the difference between Work Performance Data, Work Performance Information, Work Performance Reports in PMBOK 5th Edition.
Understand the difference between confusing project management terms from the PMBOK Guide for PMP Certification exam. This post is also useful for CAPM Certification.
Difference between Project Schedule and Schedule Baseline in Project Schedule Management based on PMBOK Guide.
Project Risk Management Terms explained in a simplified manner for PMP certification. Terms explained include Contingency Plan, Residual Risks, Threshold, Reserves, Triggers, Tolerance, Fallback Plan, Watchlists, Secondary Risks, Workaround.
Four formulas to calculate EAC per PMBOK Guide for project management and the difference between Estimate At Completion (EAC) and Estimate To Complete (ETC) in Earned Value Management (EVM).
This article explains the difference between Product Scope, Project Scope, and Project Requirements with the help of PMBOK Guide definitions, simplified explanation, and real world examples.
