Project Performance Reporting: Schedule Performance Index (SPI) and Cost Performance Index (CPI)

project performance reporting

The Cost and Schedule Performance Indexes (CPI and SPI) are powerful metrics a project manager can use to monitor cost and schedule performance. CPI is calculated by dividing Earned Value by Actual Cost. CPI is an indicator of how efficiently project resources are performing relative to the project budget. SPI is calculated by dividing Earned … Read more

Project Risk Management Software

Project risk management software dashboard

Risk Management is difficult – not a natural act for humans to perform! A recent Harvard Business School study cites that people overestimate their ability to influence events that, in fact, are heavily determined by chance. We tend to be overconfident about the accuracy of our forecasts and risk assessments and far too narrow in … Read more

Best Practice considerations for implementing Project Portfolio Management

Project Portfolio Management

The practical implementation of Project Portfolio Management Software will for many organisations present a variety of challenges and issues. Many companies have become unravelled with the complexity of the tools available or in the lack of executive sponsorship. We have compiled a list of several best practice recommendations that we think a business should be … Read more

Importance of Collaboration in Project Management

Collaboration tools in project management software

Not long ago I found a recent study published by PMI, a project management learning company. The point of the study was to find out if organizations are successful in facilitating team collaboration. The findings suggest that although the majority of organizations value a highly collaborative work environment, less than one out of three organizations … Read more

How Workflow Management in PM Software amplify your team’s productivity?

Workflow management dashboard in project management

Workflow Management in PM Software Workflow Management is a critical part of any successful business because it encompasses many of the key aspects of business success. Here, we will talk about the different ways that project management software can help you with workflow management. No matter what types of projects your team is working on, … Read more

Project Management Myths and its Clarification

Illustration of common project management myths

Following my last blog, I would now focus on typical project management myths. Hope that the following list of project myths will help you battle the skeptics of project management: 1. There’s no necessity to prepare Project Documentation or Project Documentation can be completed in the future Sadly, we saw this myth not only comes … Read more

A date with the project management software of the yester years

project management

Hello All, A few days back I was just having casual discussions with a family friend of ours. The topics of discussion were ranging from our kids, their studies, their involvement in extra-curricular activities and then gradually drifted to our work places, our present assignments and projects and deliveries in the office and how they … Read more

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