Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue · Module 10 · Budgeting, Forecasting and Progress
Lab: run one full cycle and time it
Lesson 111 of 198 · 2 min
An hour, running one complete turn of the cycle on the Meridian test project. A budget created, approved and baselined. Actual costs recorded against it. Progress entered at task level, using at least TWO different physical percent complete methods, with a written justification per task type. A forecast generated from actuals plus remaining plan, adjusted and approved. Progress exception thresholds configured, with one project deliberately breaching. A written variance analysis explaining the largest variance — and whether the FORECAST or the BASELINE is wrong. That is the position the criterion asks for; describing the numbers scores nothing. A WRITTEN NOTE ESTIMATING HOW LONG THE MONTHLY CYCLE WOULD TAKE A PROJECT MANAGER WITH EIGHT PROJECTS. The criteria. Cost-based progress is not used — or its use is explicitly defended. Forecast generated, not retyped. The threshold breach is visible in the exception view. The variance analysis takes a position rather than describing…
The full lesson is part of the course
The video, the complete written lesson and the module quiz are included in Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue, with a certificate on completion and a fourteen-day refund window.
In this module: Module 10 · Budgeting, Forecasting and Progress
- 1The planning cycle
- 2Creating and baselining a budget
- 3Progress collection
- 4Physical percent complete methodsFree preview
- 5Generating a forecast
- 6Progress exception thresholds
- 7Variance analysis
- 8Earned value basics
- 9What breaks
- 10Lab: run one full cycle and time it