Performance Reports are used to communicate the project status to stakeholders. The distribution of Performance Reports is done as per the Communications Management Plan.
Work Performance Measurements are output of Monitoring and Controlling processes, and include planned versus actual performance indicators with respect to scope, schedule and cost. Work Performance Measurements are documented and communicated to the stakeholders.
Work Performance Information is an input to most Monitoring and Controlling processes and is used to generate Work Performance Measurements, which in turn help to generate forecasts.
PMP Formulas based sample questions on Point of Total Assumption (PTA) calculation in Fixed Priced Incentive Fee (FPIF) Contracts for Project Procurement Management.
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).
What is To Complete Performance Index (TCPI) in Project Cost Management? In this post, we'll learn the definition of TCPI, TCPI Formula and calculations using simple examples.
Understand the difference between Total Float and Free Float in Critical Path Method according to PMBOK Guide with the help of a Network Diagram example. Learn about formulas to calculate Total Float and Free Float. Also learn how Float is a project resource.
Process Groups are "logical" grouping of Project Management processes whereas Knowledge Areas are grouping by "areas of specialization" as defined in the PMBOK
Tips and tricks to understand and master PMBOK Guide, 6th Edition project management process ITTOs for PMP without memorization.
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.
