Planning an event involves many moving parts, each generating costs that must be carefully tracked. Whether it’s venue rentals, equipment, catering or staffing, event planners need a structured approach to budgeting. Without a well-organized budget, costs can spiral out of…
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There are many projects, but not all are the right fit for an organization. Project appraisal is how one determines what is right for them. It’s like risk management or risk analysis to ensure that the approved project delivers benefits…
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Defining the project scope is a critical part of the project planning process. That’s because the project scope defines the boundaries of what will and won’t be part of the project work, which is essential when making the project budget…
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Project managers know the importance of project documentation. Project documents must be accurate and constantly updated to keep current with the project. Creating and managing project documentation throughout the project life cycle is critical for project success, but where to…
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There’s a change order process to manage when there are requests for something new or altered in a construction project. A variation order is also instrumental in managing change. This is especially important in construction, where the project often undergoes…
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The scope of a project is the sum of all the work that needs to be executed. A project scope statement helps project managers define the boundaries of what will and what won’t be done. But scope statements aren’t just…
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Academic researchers use a research plan for their thesis, dissertation or grant-funded studies. However, businesses and corporations also use a research plan for market research and product development. Even government agencies, policymakers and nonprofits use it. But what exactly is…
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No project is wholly successful or a failure. Some aspects go well while others don’t. To ensure that the next project has fewer faults and more benefits, there’s something in project management called lessons learned. Let’s first define what lessons…
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What Is a Business Case? A business case is a project management document that explains how the benefits of a project outweigh its costs and why it should be executed. Business cases are prepared during the project initiation phase and…
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Getting from one’s current state to the desired future requires understanding what needs to be done to get there. That is the basis of a problem statement, which is used in everything from project management to research projects. What is…
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Before you can manage a project, you need the right project tools to collect the necessary data to formulate a strategy—and project management Excel templates are a great place to begin. Employees and team members are often familiar with Microsoft…
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Projects are made up of tasks. Each of those tasks needs to be completed to meet certain quality standards. However, they also have to be done safely and, often, under specific conditions or regulatory requirements. A method statement is a…
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Just because a project is pitched doesn’t mean it’s the right project. Organizations have to explore the proposal and determine if it’s a good fit for them in terms of risk, reward, resources and so on. That’s why there’s a…
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