Your path to business agility
In project management, risks and how to manage them are constant topics of discussion, both in practical terms of how they can affect a project and on a more theoretical level about how best to identify project risks accurately. With this in mind, knowing how to identify project risks and what defines their level of...
Creating an effective work breakdown structure (WBS) is built upon the idea that the building blocks, i.e. the work packages that are used to create the WBS, have been measured and formulated to the same standards and methodology. The importance of work packages in project management, therefore, often leads to people searching for a good...
As we focus on the current state of project management and look into the future, here are seven project management trends that have already impacted, and will continue to drive and define, the way we work inside and outside of projects across the enterprise. Expanded Use of Digital Tools The digital tools used by project...
While there are several important metric and key performance indicators (KPI) in the project management world, few are as important to the success of projects and the health of portfolios as resource utilization. What is Resource Utilization? Resource utilization in project management focuses on how much time team members spend on various tasks. While there...
At its very core, project management entails setting up goals and then making sure they are met. There are a lot of ways to ensure that you deliver what you promise, but one of the most important is managing expectations. First things first, you’ll want to understand the expectation management definition. Simply put, expectation management...
As experienced project managers know and new project managers learn – sometimes rather painfully – developing the most comprehensive plans and robust schedules is obviously crucial, but it is certainly not the full story. Once a project is underway, it is vital to continuously assess project performance and health. That is where software for project...
Using Data Analytics to Improve Project Outcomes: Tips & Advice The use of analytics in business has blossomed with the growth of the internet and digital technologies. Now there is software designed to track everything, from sales and customer engagement, to the pathways that lead consumers to businesses, to how the public reacts to different...
Every project involves risk. Even the smallest projects require investments of time and money, and when projects fail, these investments are lost. At the enterprise level, when project time is measured in thousands of hours and financial investments are often in the millions, the risks are tremendous. Understanding the future events that could put a...
The project scope statement is one of the most basic cornerstones upon which every project is built. Basically, the statement lays out what needs to get done, under what conditions and how completion will be measured. Though that might all seem perfectly logical, unfortunately, project scope management also seems to be one of the most...
The holiday season is most people’s favorite time of the year, despite the much worse weather. This is because finally, after probably months on end of hard work, they get to take a proper break, with at least four (and hopefully many more) consecutive days to just kick back and relax, whether with family and...
