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Earned value management is a project management technique for measuring project performance and progress in terms of deducing earned value of a project from planned value and the actual costs. Program Evaluation and Review Technique , commonly abbreviated PERT, is a statistical tool, used in project management to analyze and represent the tasks ...
PERT network chart for a seven-month project with five milestones (10 through 50) and six activities (A through F).. The program evaluation and review technique (PERT) is a statistical tool used in project management, which was designed to analyze and represent the tasks involved in completing a given project.
Earned value management is a project management technique for measuring project performance and progress. It has the ability to combine measurements of the project management triangle : scope , time, and costs.
Project management simulation for training is an interactive learning activity, frequently practiced as a group exercise. The purpose of the simulation is to impart to students the competencies (i.e. knowledge, skills, and attitudes) that will ultimately improve their performance. [ 1 ]
A performance indicator or key performance indicator (KPI) is a type of performance measurement. [1] KPIs evaluate the success of an organization or of a particular activity (such as projects, programs, products and other initiatives) in which it engages. [ 2 ]
DMAIC or define, measure, analyze, improve and control [1] (pronounced də-MAY-ick) refers to a data-driven improvement cycle used for optimizing and stabilizing business processes and designs. The DMAIC improvement cycle is the core tool used to drive Six Sigma projects.
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