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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Projects need a variety of resources to be executed and delivered successfully. In most cases, these resources come from a sponsoring organization or project sponsor. What Is a Project Sponsor? A Definition A project sponsor is an individual who offers…
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Time is a constraint that applies to any project, particularly to dynamic, agile projects. While some industries are more time-sensitive than others, all industries have projects that incur many changes along the way. A burndown chart helps agile project management…
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Most organizations use project names as they’re a quick way to remember projects and programs. Some project managers think those names should describe a project’s purpose or its main goals, while others simply choose cool or catchy project names to…
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The day to get organized is now, not later. Without having some organization for your project, you run the risk of sending an extensive and time-consuming project spiraling into abject failure. A well-organized project ensures that everyone knows what’s expected…
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Scope can make or break a project. If you’re not keeping a finger on the scope of the project, it can quickly go off-track, messing up your schedule and depleting the budget. That is how many projects fail. Yes, scope…
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Projects are made up of a large number of tasks, and keeping track of those tasks is a primary role of a project manager. Sometimes, the tasks in a project all run smoothly and independently of each other, and there…
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There’s never enough time when managing a project. That’s why we make schedules—to try and control time, just enough to get your deliverable by the deadline. Sometimes, however, things go awry. Changes in a project are common of course, but…
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When you start the planning process for a project, one of the first things you need to think about is: what can go wrong? It sounds negative, but pragmatic project managers know this type of thinking is preventative. Issues will…
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What Are Deliverables In Project Management? Projects produce deliverables, which are simply the results of project activities. Project deliverables can be big or small, and their number varies depending on the project. They’re agreed upon by the project management team…
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PRINCE2 (Projects IN Controlled Environments) is a widely used project management methodology mostly found in Europe and especially the United Kingdom. This structured approach to managing projects includes something called the project board. What is a project board in PRINCE2?…
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Projects are made up of many moving parts. One of the ways that you can determine if the project is behind or ahead of schedule is called schedule control. Project planning, scheduling and control all go together when managing a…
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Activity-based costing (ABC) is a method used to allocate overhead and indirect costs based on the activities that drive those costs. In project management, ABC allows for a more accurate understanding of project expenses by identifying and assigning costs to…
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