http://www.brighthub.com/search/searchresults.aspx?u=5649&o=DateDescending&a=275Posts by Rupen Sharma, PMPen-UShttp://www.brighthub.com/office/project-management/articles/56539.aspxThu, 19 Nov 2009 07:53:11 GMTb133e95a-c263-4882-8f2a-b24547eff78e:56539Xintel2001What 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. Introduction Reserve Analysis is one of the techniques used to determine a project budget. During Reserve Analysis, a project is analyzed fro...http://www.brighthub.com/office/project-management/articles/37999.aspxSun, 07 Jun 2009 12:55:23 GMTb133e95a-c263-4882-8f2a-b24547eff78e:37999Xintel2001If 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. Introduction Let’s look at how Sprints relate to Releases and what is involved in a Sprint. In this article, we will dive deeper into: Releas...http://www.brighthub.com/office/project-management/articles/55666.aspxThu, 12 Nov 2009 11:41:29 GMTb133e95a-c263-4882-8f2a-b24547eff78e:55666Xintel2001To 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. Introduction A robust project budget enables you to make key decisions regarding the constraints with w...http://www.brighthub.com/office/project-management/articles/55527.aspxWed, 11 Nov 2009 10:26:08 GMTb133e95a-c263-4882-8f2a-b24547eff78e:55527Xintel2001“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? Introduction Whenever products are recalled or there are lawsuits based on product cla...http://www.brighthub.com/office/project-management/articles/55096.aspxFri, 06 Nov 2009 05:18:18 GMTb133e95a-c263-4882-8f2a-b24547eff78e:55096Xintel2001"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? Introduction The Estimate Cost process kicks in after you have completed the following: Define ...http://www.brighthub.com/office/project-management/articles/55092.aspxFri, 06 Nov 2009 04:41:01 GMTb133e95a-c263-4882-8f2a-b24547eff78e:55092Xintel2001We’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. Introduction VE is a systematic method for analyzing a design, product, process, project, or construction to improve performance and quality, while reducing the associated costs. Ess...http://www.brighthub.com/office/project-management/articles/55091.aspxFri, 06 Nov 2009 04:37:51 GMTb133e95a-c263-4882-8f2a-b24547eff78e:55091Xintel2001Projects 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!!! Introduction In the Tools Used to Estimate Costs in Project Management article, you learned about each cost estimation techniques recommended ...http://www.brighthub.com/office/project-management/articles/54986.aspxWed, 04 Nov 2009 22:42:20 GMTb133e95a-c263-4882-8f2a-b24547eff78e:54986Xintel2001In 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. Introduction Accurate cost estimates help you complete a project on-budget. Before you can perform cost estimation, you need to...http://www.brighthub.com/office/project-management/articles/54911.aspxWed, 04 Nov 2009 02:45:53 GMTb133e95a-c263-4882-8f2a-b24547eff78e:54911Xintel2001It 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. Introduction When on a trek, it is important to look where ...http://www.brighthub.com/office/project-management/articles/54894.aspxTue, 03 Nov 2009 21:11:37 GMTb133e95a-c263-4882-8f2a-b24547eff78e:54894Xintel2001“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. Introduction All projects incur costs. Project costing is a ...