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With over 750,000 professionals with Project Management Professional (PMP) certification across the world, the popularity of the diploma is clear, but what exactly is a PMP certification? The short answer is that it is a professional certification offered by the Project Management Institute (PMI). According to research from PMI, the project management industry only stands to...
Today’s IT teams face more challenges than ever when it comes to producing quality deliverables quickly. As rapid changes in technology make mid-project changes more and more common, IT teams are turning to Agile methods to help them keep up. One popular choice is Kanban. This visual workflow management system actually stems from lean methods...
How often does one project determine the success or failure of an entire company? For small companies, fairly often. For large companies, almost never. Yet, no project is an island in any large enterprise. How it gets completed, how resources are utilized, how effectively teams collaborate during a project—all these things are indicators of the...
Planning, executing and closing a project requires a variety of skills, but it also necessitates a standard model of practice. Project management methodologies run the gamut but one of the most successful models is known as waterfall project management. In terms of broader project management methodologies, the waterfall method stands out as it is characteristically...
History is full of stories of how little things, if left untended, can eventually bring really big things down in a heap of dust. Like empires. Like civilizations. And yes, like projects, too. And while we’ll leave a discussion of empires and civilizations for another day, we can certainly spend a few minutes here looking...
With the variety of different methodologies in project management and with new ones being created all the time, it can be difficult to keep track of what exactly they all are and how they are implemented. Here we’re going to look at one of the most popular Agile methodologies and answer that burning question: Just...
Task management is basically identifying and monitoring the progress of the various tasks that make up a specific task strand, work package or overall project. The tasks can therefore run from half a dozen to potentially thousands. One thing that stays constant in task management theory however is the focus on clear information and how...
How the macroeconomics of a cargo ship should have you rethinking your software flow A short while ago, I wrote a blog entitled Innovation Is Compounding Interest: How Legacy Companies Can Compete and Deliver Innovation Like the Cloud-Native Giants. I made the case that cost of production inefficiencies are not isolated to the cost of...
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...
