Cost performance index formula

Cost performance index formula

Cost Performance Index Formula: Here’s the right CPI formula What is the cost performance index formula used for? Cost performance index (CPI) is one of the most important earned value management metrics, being a crucial input to many earned value calculations and integral to one of the two core earned value pillars: cost. Project success…

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TCPI formula

TCPI formula – To complete performance index

TCPI Formula: To Complete Performance Index What is the ‘to complete performance index’ or TCPI? TCPI or the to complete performance index is one of the more recent additions to the project management and earned value management arsenal. While new and sometimes confusing to project managers new and old, the concept of TCPI is well…

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Estimate at completion formula

Budget at completion formula

Estimate at completion formula What do we use the estimate at completion formula for? Projects can be very complicated, with hundreds or thousands of moving pieces and interacting forces and parties. Not only this, but many of these forces are acting outside of a company or organisation’s control. Companies in project-based industries like construction, oil…

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Waste tracking

Waste tracking: How to track project waste accurately and efficiently What kind of waste are you producing and managing? Waste is a byproduct of almost every process on Earth, and managing all of that waste in an efficient and effective manner can be difficult – even for the most complex and sophisticated systems and organisms.…

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Delivery docket

Delivery docket

Delivery docket: What to know and how to manage these dockets This article is your complete guide to delivery dockets including (1) what they are (2) why they matter and (3) how to manage them effectively in every way. The article also provides some free resources for you to improve your dockets. Delivery docket definition…

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Safe work method statement

Safety – Safe work method statement

Safe Work Method Statement: Everything you need to know about SWMS JUMP TO SECTION SWMS definition The purpose of a safe work method statement When is a safe work method statement required? Elements of a safe work method statement How to improve your safe work method statement procedure The limitations of SWMS Safe work method…

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Construction site risks

Construction site risks

Construction site risks About construction site risks Construction sites are some of the most dangerous workplaces on the plant, with thousands of injuries and too many fatalities taking place every year. Construction sites are inherently dangerous places; hundreds of moving pieces, large machinery and equipment, power tools, open trenches and many many more hazards are…

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Example of a safe work method statement

Example safe work method statement

Example Safe Work Method Statement (SWMS) – Use or copy these examples In this article, you’ll see a number of Safe Work Method Statement examples (SWMS) which you can use as you see fit to create, manage and stay SWMS compliant moving forward. Is there one true example of a safe work method statement? When…

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Risk response plan

Commercial – Risk response plan

Risk response plan: What to know about risk planning + an example What is a risk response plan? Broadly speaking, risk response planning is the systematic process of developing options and determining actions to risks. A risk response plan is a specific plan which is created and maintained in order to respond one of a…

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Interesting safety topics

Safety – Interesting safety topics

Interesting safety topics Is it important to cover ‘interesting’ safety topics? The purpose of discussing safety, conducting toolbox talks and doing formal safety training is to keep people safe – not to entertain them or keep things interesting. But, when the goal of something is to change or improve human behaviour, it’s important to make…

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