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A common debate in project management circles is between the two styles of creating and executing a project plan: top-down and bottom-up. Top-down strategy involves the management of a project, i.e. the project manager having complete control over the delegation of tasks and the setting of the project schedule and deadlines. On the other hand,...
Trying to find a simple, clear and accurate critical path definition in project management can be difficult — but not impossible, because that’s exactly what this article provides! Keep reading to discover key concepts, best practices and warnings that every project manager should know about a critical path definition in project management. Early-career project managers...
There are many ethical lines that can be crossed in project management. The bigger the project, the more opportunities arise for people or companies to compromise their ethics in an effort to bring the project in on time and on budget. However, when project managers and other stakeholders turn a blind eye to questionable activities,...
Leadership determines productivity and morale. The wrong style can set a company into a tailspin of dissent that could have serious consequences for your staff retention rate. If your leadership style doesn’t match the company culture or situation, chances are you won’t be successful at managing your people. The majority of management styles in modern...
When it comes to the execution phase of your project there are several ways of succeeding in terms of developing and completing deliverables. The third phase of the project life cycle is one of the most crucial of the project phases, since it’s the phase where you will construct your deliverables and present them to...
With the growing use of technology in all facets of modern life, it’s no surprise that a huge range of project management tools have been developed which assist PMs in just about every aspect of their day-to-day work. The importance of project management tools is apparent for any project manager seeking to ensure project success....
Effective project budget tracking is essential to ensure that project costs do not spiral out of control — and potentially threaten project success. This informative and easy-to-read article explores the basics of project budget tracking, including best practices and a 7-phase methodology. One of the most difficult tasks in project management is cost tracking and...
Have you ever heard a project manager refer to “formal” project management and wondered what exactly makes it formal? While different organizations might have their own definition of the term, formal project management is the area of interest to professional project managers, and is the preferred style of management for most enterprise projects. Here’s a...
Of all the things a project manager needs to manage—timelines, budgets, change orders and so on—the most important of all may be stakeholders’ expectations. After all, completion of any project depends on stakeholders doing what they’re expected to do, and the final determination of whether a project is a success or failure is made by...
Of all the documents that get created, reviewed and shared over the life of a project—project plans, timelines, budgets, status reports and issue logs, just to name a few—the project scope statement may be the one that has the greatest influence over the project as a whole. The scope statement describes the goals, deadlines and...
