If you’re engaged in project management or your occupation is somehow related to it, you should have an eye for project management terms. On the other hand, it’s quite difficult to retain all the defi...

Aerospace project management tools fall into three camps. EVM and master scheduling systems answer whether a program is on its baseline. Portfolio capacity tools answer which program waits when the sa...

A nuclear portfolio can have enough engineers on the payroll and still miss a commissioning milestone, because the two people authorized for the work are booked on three projects in the same month. Nu...

Every week a project waits for the same specialist team has a price. Cost of delay is how you put a number on it. Short answer: Cost of delay (CoD) is the expected economic value lost by delivering an...

The project financial management process is the governed cycle in which the PMO and Finance plan, approve, record, reconcile, forecast and act on the financial position of projects. It connects delive...

Business value in project management is the expected contribution a project, or one phase of it, makes to the organization's financial, customer, operational, strategic, risk or compliance outcomes. T...

Project portfolio management metrics are the measures a PMO uses to check whether the portfolio is selecting valuable work, matching demand to the capacity it actually has, delivering predictably, con...

A project can sit comfortably under budget while its delivery forecast quietly erodes its commercial value. When a shared specialist becomes the queue every project waits on, completion dates slip. If...

Primavera P6 vs MS Project is often reduced to a question of project size. That misses the decisions that actually determine a good fit: who owns the schedule, how many people must work in it, what th...

Most portfolio dashboards answer only “what is happening,” cluttering screens with historical actuals and lagging KPIs. But static visibility alone does not show leaders where intervention can still c...

In multi-project environments that operate with a shared pool of scarce resources, projects can remain within their monetary budget and still damage portfolio performance. Monetary headroom does not s...

Project cost management (PCM) is the discipline of planning how costs are governed, estimating required resources and money, approving and time-phasing a budget, measuring actual cost and progress, fo...