Project Element Tasking: Bringing It All Together
Bringing together all the elements in a project often means delegating tasks to various teams or team members, reviewing the project’s status, …
Continue ReadingProject Cost Management Knowledge Area: What You Need to Know for Certification
In this article, we’ll explore what’s new in the Project Cost Management knowledge area as per the Project Management Body of Knowledge (PMBOK) …
Continue ReadingThe Many Hats of a Project Manager
As a project manager, you may have to take on more than just the lead role. In these days of downsizing, you must be prepared to take on the many hats …
Continue ReadingComparing Box Plots and Histograms – Which Is the Better Tool?
Many chart aids are used in Six Sigma analyses: Two rather common visual representations of sample data are histograms and box plots. Although …
Continue ReadingOverview of Regression Analysis – How is Regression Analysis Used in Six Sigma?
A common statistical method used in Six Sigma is regression analysis, which allows predictions to be made based on the presence of a linear …
Continue ReadingCost Benefit Analysis Example & Free Template Download
Writing a cost benefit analysis can be relatively easy, but ensuring it is accurate and thorough is much more difficult. This article identifies the …
Continue ReadingSteps Required to Perform a Chi-Square Test in Six Sigma Tools: A Downloadable Example
One of the most commonly used hypothesis testing tools is a Chi-Square test. This article explains how to perform a Chi-Square test and what role a …
Continue ReadingCost Variance and Schedule Variance Formula in Earned Value Management
Measuring against a baseline gives you a variance. In projects, the cost variance and schedule variance tell you whether your project is on-budget and …
Continue ReadingEarned Value Analysis for Project Performance in Project Cost Management
Every stakeholder is concerned about project costs. The ability to accurately forecast project performance in terms of costs and schedule is a …
Continue ReadingExample of a Project Scope
We’ll take a look at actual examples of project scope statements, then discuss them to determine what should be included in a scope statement …
Continue ReadingHow to Write a Project Proposal: What Components Should a Project Proposal Include?
This article features tips and tricks on writing project proposals. Find out what components project proposals contain, how to put together a good …
Continue ReadingLean Manufacturing and the 7S Methodology
7S is an expanded version of 5S, a methodology from Lean Manufacturing that aims to optimize the physical workspace. The focus is on maximizing the …
Continue Reading