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Contributions by Rupen Sharma, PMP

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Protect Your Project Against Cost Overruns
What happens when one of the activities goes over budget? How do you mitigate the cost risk associated with critical activities? Reserve Analysis holds the key to these project budget related answers.

Published by Rupen Sharma, PMP (2,480 pts ) on Nov 19, 2009 to
Project Management Articles
The 30-Day Sprint
If you had to deliver functionality to the client every 30-days, would you and your team, walk or run towards the deadline? Thirty days isn’t much to deliver functionality, SCRUM suggests sprinting.

Published by Rupen Sharma, PMP (2,480 pts ) on Nov 18, 2009 to
Project Management Articles
Techniques for Determining a Project Cost Budget
To get funding for a project, there needs to be a budget. By using tried-and-tested techniques, you can create a robust budget to get funding, convince stakeholders, and understand the implications on the project schedule and resource allocation.

Published by Rupen Sharma, PMP (2,480 pts ) on Nov 12, 2009 to
Project Management Articles
Using the Cost of Quality (CoQ)
“In 2008, Apple recalled the first generation iPod in Japan. In 2009, Apple recalled the same line of iPods in Korea.” The Cost of Quality (CoQ) on the first generation iPod is rising steeply and steadily! What does this actually mean?

Published by Rupen Sharma, PMP (2,480 pts ) on Nov 11, 2009 to
Project Management Articles
Practical Cost Estimation in Project Management
"Our sales people gave an estimate for a project and we got the contract. Unfortunately, the estimates were unrealistic and now the project has gone over-budget. We closed on the estimates way to early!" When should we finalize estimates?

Published by Rupen Sharma, PMP (2,480 pts ) on Nov 6, 2009 to
Project Management Articles

Phases of Value Engineering in Project Management
We’ve all heard about Win-Win situations, but not always do they exist. By practicing Value Engineering (VE), Win-Win situations will never be a far cry.

Published by Rupen Sharma, PMP (2,480 pts ) on Nov 5, 2009 to
Project Management Articles
Use Project Cost Estimating Techniques in Projects
Projects need to be delivered on-time and on–budget. Accurate cost estimation is crucial for the latter. Otherwise, well let’s just say you won’t be heading projects for long!!!

Published by Rupen Sharma, PMP (2,480 pts ) on Nov 5, 2009 to
Project Management Articles
Tools Used to Estimate Costs in Project Management
In the Estimate Costs process of the Project Cost Management knowledge area, there are some tools and techniques recommended by the Project Management Institute (PMI). In this article, we’ll explore each one.

Published by Rupen Sharma, PMP (2,480 pts ) on Nov 4, 2009 to
Project Management Articles
What is Life-Cycle Costing?
It took us a year to develop and install on our own servers. Leadership applauded our efforts. Unfortunately, the cost of maintenance surpassed development costs in the first year!!! We should have employed Life-Cycle Costing and deployed the software on vendor servers instead.

Published by Rupen Sharma, PMP (2,480 pts ) on Nov 3, 2009 to
Project Management Articles
Example of Costs in Project Management
“So far , we’ve lost over a million dollars. No point in turning back now. Let's see if we can recover our sunk costs." But...can sunk costs be recovered? Read on and you'll find out as we take a look at some examples of costs encountered in project management.

Published by Rupen Sharma, PMP (2,480 pts ) on Nov 3, 2009 to
Project Management Articles

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