Earned Value Analysis is a Cost Control Tool/Technique. For a project manager Earned Value gives an idea on what you have achieved for the amount of money you spent. The main calculations in EV techniques are
1. Cost Variance : Compares Cost with budget
Cost Variance = Earned Value - Actual Cost
CV = EV - AC
If your Earned Value = 1000 and your Actual Cost is 900, your Cost Variance is 100. In this case CV is a positive number and you are running with in the budget or spending less than what you have budgeted. Instead of 900, if your actual cost is 1100, your Cost Variance is -100. In this case you have to be careful and check your spending against plan.
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Monday, December 31, 2007
Risk Identification : Tools & Techniques - SWOT
Strength, Weakness, Opportunities and Threats (SWOT) analysis is a technique to systematically analyse the project,processes,resources, organization etc. Your focus will be on finding the S,W, O or T in each of these area. It is part of Tools & Technique section of Risk Identification
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http://www.ajithn.com/
Your companion in PMP preparation
Friday, December 28, 2007
How to pass PMP Examination
To pass PMP examination, you have to read the PMBOK thoroughly. But this will not ensure that you will pass the exam. You need to practice PMP questions.
One site which will be useful for PMP exam practice is
http://www.ajithn.com/
You can take unlimited number of trials. There are over 100 questions which check your understanding of PMBOK and there are many real life PMP questions
One site which will be useful for PMP exam practice is
http://www.ajithn.com/
You can take unlimited number of trials. There are over 100 questions which check your understanding of PMBOK and there are many real life PMP questions
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