Lesson 9: PM Skills: Measuring Effectiveness

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project management skills
Project Management Skills

Objective:

The objective of this lesson is to equip learners with the ability to quantitatively measure and analyze the effectiveness of their project management (PM) skills. By the end of this lesson, participants will be able to apply various techniques and tools to assess and enhance the impact of their PM competencies, ensuring the successful delivery of projects in a range of professional settings.

Comprehensive Content Overview:

Smart Life Skills

PM skills encompass a broad range of competencies that are essential for the successful planning, execution, monitoring, and closure of projects. Key PM skills include scope management, time management, cost management, quality management, communication, risk management, procurement, and stakeholder management. For each of these areas, there are quantitative measures that can be utilized to assess their effectiveness.

In-depth Explanations with Actionable Insights:

Scope Management: Effectiveness can be measured through scope creep, the number of changes, and their impact on project objectives. An actionable insight is to maintain a change log that quantitatively tracks the number, type, and impact of scope changes.

Time Management: Measure effectiveness using schedule variance (SV) and schedule performance index (SPI). For instance, SV = Earned Value (EV) – Planned Value (PV). If SV is negative, the project is behind schedule.

Cost Management: Utilize cost variance (CV) and cost performance index (CPI). For example, CV = EV ...

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