Businesses go through a lot. Managers must always be aware of the internal and external factors that can impact their business growth such as economic fluctuations, new competitors, new market trends and more. One of the most common threats to…Read More
A project has a beginning and an end, but without an objective, it’s a rudderless ship. In order to steer your project successfully and land in a safe harbor, you’re going to have to define your project objectives. What Are…Watch
Avoiding cost overrun is key to closing a successful project. The quality of deliverables and a timely execution can go out the window if the project is delivered over budget. Of course, it’s easy to say you’re going to keep…Read More
Software development estimation is an essential part of many projects. Even before the planning stage, it’s critical to create an accurate forecast of the project’s duration, costs and more. Despite its importance, software development estimation is often overlooked. Maybe that’s…Read More
Well-run organizations don’t fly by the seat of their pants; they’re constantly working on business forecasting and business planning. Every decision and every process is based on data obtained from business forecasting, business intelligence tools, market research and scenario planning….Read More
You’ve likely heard that nearly half of all new businesses fail. According to the Small Business Association (SBA), 50 percent of businesses fail during the first five years. Over a 10-year span, the percentage increases to 66. But what can…Read More
Projects are designed to deliver a product or a service within a specific timeframe and budget, a process that the project manager oversees. If that person is a product manager, he or she may apply a product breakdown structure (PBS)….Read More
It’s a given that there will be changes to the project plan during the project execution phase. It’s impossible to factor in everything—from weather to supply chains to change requests—something is going to conspire against your schedule and budget. This…Read More
Projects are all about delivering a product or service. Whether you’re working in project management, manufacturing, supply chains or inventory management, you need to deliver something valuable to your customers. This is why lead time is so important. There are…Read More
Is your organization failing to close the gaps between strategy and project execution? This isn’t an easy task. Fortunately, there are strategies (and tools!) you can use to overcome those gaps, and you’re not alone in this challenge. Let’s learn…Read More
Imagine that you’re taking the lead on a new IT project that involves building a call center from the network to the servers. The call center itself will house hundreds of jobs and will bridge the gap between customer and…Read More
Projects don’t just complete themselves. They need plans to direct them toward success. A strong project plan allows you to organize tasks and assign resources to execute them, all within a set budget and on a deadline. It’s unrealistic to…Read More
A project management plan is critical for the success of any project. Similarly, an implementation plan, also called a strategic plan or strategic implementation plan, outlines requisite steps for the execution of a strategy, tactic or change within an organization,…Read More
Plan all you want. But once that project or business plan is being executed, you’ll need a gap analysis to assess whether you’re meeting the requirements or you could be in trouble. As its name suggests, the gap analysis is a…Read More
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