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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Projects might have a roadmap, but when executed, they rarely go as planned. Internal and external factors can impact the project’s scope, budget, schedule and more. To address these issues before they even occur falls under project contingency. Let’s start…
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A project list is the starting point for any project management process. They’re a great way to take what seems an insurmountable amount of disparate tasks and organize them. A project list can be as simple as a to-do list…
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Keeping your employees engaged and on task is, well, no easy task. They say one bad apple can spoil the whole bunch—and it’s true. A bad hire can cost your business valuable workplace productivity, not to mention nearly 20 percent…
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Effective process management is the backbone of successful project execution and operational efficiency. To streamline planning, execution and tracking, teams often rely on a suite of templates designed to simplify and standardize their workflows. Process management templates are ready-made tools…
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Before project management software, there were manual methods and traditional tools to plan, track and manage projects. This added time and effort, which exponentially grew with the size and complexity of the project. Paper-based planning, physical communication and manual resource…
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For any company to profit from a product, there must be a strategic plan in place to produce just enough to meet that need. Create too few products, and there’s a missed financial opportunity. Create too much, and money is…
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Projects are expensive. Project financing is how they acquire the funding to pay for the project. To understand this process, one must begin with the meaning of project financing and then work towards the various methods of getting it. We’ll…
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Whether it’s investors or customers, stakeholders are important to every project. But what is a stakeholder? There’s more than one answer to that question. Let’s take some time to define what a stakeholder is, examples of stakeholders and free stakeholder…
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Project management has developed the means to increase the likelihood of successful completion. That starts by breaking a project down into project management phases. What are those project phases? We’ll define them in detail. This is a great opportunity for…
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The term stakeholder is familiar to those in project management. These are individuals, groups or organizations that have an interest in or are affected by the outcome of a project. However, not everyone understands that they can be broken down…
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Projects are delicate operations. There is so much that can impact them; a storm cutting off the supply chain, equipment failure or a labor dispute are merely three possible situations in a seemingly endless succession of risks. The risk response…
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Starting your projects in the right way makes it so much easier to manage your work and your team. While it’s tempting to dive straight in and get on with your tasks, it pays to take a bit of time…
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