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Day 15 Key Learning Point from Ibrahim Oladipupo:

"Planned Value shows you how much value you expected to earn within a given time, while Earned Value shows how much value you have actually earned."

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Day 15 Key Learning Point from Olaide Oladmeji:

"Earned Value Management (EVM) is a very useful tool for project cost and schedule control and can be very useful in project forecasting."

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Day 15 Key Learning Point from Olatunde Onakoya:

"Earned Value Management (EVM) helps project managers to measure project performance. It gives early warning signals if there will be a performance issue and enables quantitative project progress reporting."

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Day 15 Key Learning Point from Kolapo Raheem:

"In EVM, PV (Planned Value) is the value of work to be done a given time, as planned and forcast during planning."

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Day 15 Key Learning Point from Aisha Omotara:

"In Earned Value Management, AC (Actual Cost) represents the total cost spent so far during the process of carry out work on the project up till that point in time."

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All about Earned Value


https://www.youtube.com/watch?v=dDZWdp6ptOA

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What "Cost Variance" is about


https://www.youtube.com/watch?v=BSgRU1xmHVE


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What is Planned Value (PV) of a Project


https://www.youtube.com/watch?v=f3_RwbPyWcA

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Just for laughs..


https://www.youtube.com/watch?v=JyI6O96yu2s


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What is Earned Value Analysis (EVA)


https://www.youtube.com/watch?v=rjWdWv6HtOE


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Highlights of Day 14 in the Monthly "Explain-PM-to-Grandma" Online Mega-Class (November Edition)

Definition of AC (Actual Cost)


https://www.youtube.com/watch?v=WXolkB9bUmQ

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Day 14 Key Learning Point from Olatunde Onakoya:

"Contingency reserve is used to manage identified risks [known unknowns], while the management reserve is used for unidentified risks [unknown unknowns]"

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Day 14 Key Learning Point from Aisha Omotara;

"Proper cost estimation is key to managing projects. There are different types of estimating methods: Analogous Estimating, Parametric Estimating, Bottom-Up Estimating etc"

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ugreat:
Keep me posted

Lets talk https:///2349099576339

ugreat:
Hello,
I need a Project Management(PMP) training institute in Lagos mainland, preferably around Surulere, Isolo, Festac axis.

Thanks in anticipation

There is one coming up in Surulere in few weeks time

kart042000:
Hi, I have come to seek advice and assistance from those who have done the project management exam. I am planning to register and I have several operational experience, but I really don't know how to put together the various experience to meet the required standard required by PMI to approve my case without an iota of doubt.

I have been studying, and I have attended the 35 hr class session. What is left is just to register. I wont mind if there are tips and tricks to the exam that can be shared as well. No information is too small.

I am in the IT sector, I have done several projects but more in execution phase. I ran a business in printing which I did for more than 4years, but it is not my core field and I don't have reference for both IT and printing that can stand as reference should they want to verify.

I have read online how even secretary applied for the exam by using all the management, planning, budgeting, scheduling experience to prepare meetings. Procure items for the organization which is used for meetings etc.
I await your comments and ways to go about it. Thanks

How far? Have you overcome this challenge?

Salore:
u are the best bro. very informative. pls sir I would love to know when the exams is coming up and the application fee. would love to partake in the exam. thanks

Exam can be scheduled at any convenient time, as a chosen center around you.
Exam fee is $555 if you are not a PMI member

If you have more questions, lets chat on Whatsapp https:///2349099576339

Day 11 Key Learning Point from Adesina Kareem:

"When managing a project, it is important to decompose into activities and then define the logical relationship between them. The relationships between activities are either of four types: Finish-to-start (FS), Finish-to-finish (FF), Start-to-start (SS), Start-to-finish (SF)."

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Day 12 Key Learning Point from Ibrahim Oladipupo:

"As part of Project schedule management, WBS work packages is broken down into actionable activities that can be estimated, scheduled, assigned, and tracked to completion."

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Day 12 Key Learning Point from Kolapo Raheem:

The Define activities" refer to the process of decomposing work packages into activities, documenting actions that need to be performed in order to produce the deliverables generally meet the objectives of the project.

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Distinctive difference between "Project Schedule" and "Schedule Baseline"


https://www.youtube.com/watch?v=_FxP42EdgGw

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Highlights of Day 12 in the Monthly "Explain-PM-to-Grandma" Online Mega-Class (November Edition)


What is "Critical Path" on a Project


https://www.youtube.com/watch?v=GUJTX3NTGmo

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Project Management Team should collaborate and share knowledge.


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What 'Define Activities' is about?


https://www.youtube.com/watch?v=867SOvDTFto

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Do you know Project Management Schedule??


https://www.youtube.com/watch?v=B-u4xjsCbz0

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What is 'Lead and Lag' in a Project


https://www.youtube.com/watch?v=BgP6IkaPJXQ

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Highlights of Day 11 in the Monthly "Explain-PM-to-Grandma" Online Mega-Class (November Edition)

An interactive session on define activities of a Project


https://www.youtube.com/watch?v=927mW1wCwJg

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Day 11 Key Learning Point from Olatunde Onakoya:

"Project Schedule Management is about creating project schedule and controlling it.
It has 6 processes:Plan Schedule Management, Define Activities, Sequence Activities, Estimate Activity Durations, Develop Schedule and Control Schedule."

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Day11 Key Learning Point from Raheem Kolapo:

"Plan Schedule Management is the process of establishing the policies, procedures, and documentation for planning, developing, managing, executing and controlling the project schedule. In other words, plan schedule management process aims to ensure the timely completion of a project."

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As a Project Manager, do you know this??

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Day 10 Key Learning Point from Kolapo Raheem:

Work Breakdown Structure (WBS) is a deliverable-oriented breakdown of a project into smaller components.It is an important input to lots of other processes. If poorly done, all other dependent processes automatically inherit the errors.

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Day 10 Key Learning Point from Olaide Oladimeji:

"WBS dictionary is a document that provides detailed information about each element in the WBS, including work packages and control accounts."

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