Your path to business agility
Managing a project involves a wide variety of tangible and intangible components. Few, however, are as important as project objectives. What is a project objective? Project objectives in project management are the specific, tangible outcomes that will be produced and delivered by the project. They identify and describe the concrete actions or deliverables that will...
In simple words, a cost management plan is the outline of the project’s estimation, allocation and control of costs for the required resources to complete all project activities. The project’s cost plan configuration is one of the most essential parts of a project’s planning phase, and effectively serves as a safety net that guarantees that...
At the heart of all work — regardless of whether the goal is to build a robot, construct a building, launch a marketing campaign, or anything else — are tasks, tasks, and yet more tasks. When tasks are organized and executed correctly, they support optimized workflows, engaged workers, and successful outcomes. On the other end...
It is widely understood — in fact, by now it is axiomatic — that collaboration (and web collaboration software) is important for organizational success. However, what can get overlooked is just how massive an impact collaboration has on performance. One study found that organizations that practice effective collaboration are five times more productive than their...
At Planview AdaptiveWork, we’ve always known that the world’s most successful organizations also have the most engaged workforce. Companies that set the bar, bring new ideas, take risks and enjoy rapid growth. They all have one thing in common: people are fully engaged. But a recent Gallup study tells us that only 13% of today’s...
Before looking at product portfolio management software and highlighting some key best practices, it is helpful to take a step back and look at the concept of product portfolio management, highlight some examples, and look at the differences between project management, program management, and portfolio management. What is Product Portfolio Management? Product portfolio management is...
How vital is a comprehensive, flexible and functional time management planner? Consider this: for project managers, the most precious resource they have is typically not budget – it is time. And unfortunately for many of them, time is not on their side. For example, Harvard Business Review analyzed nearly 1,500 IT projects, and found that...
Project resource management refers to a set of integrated processes that enable project managers (possibly in conjunction with the PMO and other decision-makers) to determine, obtain, allocate, develop, and monitor the resources that are required to successfully complete a project. According to the Project Management Institute’s Project Management Body of Knowledge (Sixth edition), there are...
New product development (NPD) is not just important for organizational success – it is essential for long-term organizational survival. Some of the key factors that drive NPD include: Changing consumer tastes and behaviors Increased competition Technological advancements New opportunities for growth and development Diversifying risk Exploiting excess capacity In addition, NDP can help organizations foster...
The pace of change is rapidly accelerating and impacting every aspect of work. Enterprises are facing unprecedented pressure to rapidly pivot and meet ever changing customer demands – because if they fail to consistently enable customer success, then sooner or later a competitor will. As a result, enterprises need to re-imagine and re-invent work management...
