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Business Articles
Page 39 of 69
Project Quality Management: Cost of Quality
Project managers must give great attention to quality control processes, and for this reason, it's crucial to understand the cost of quality. The cost of quality can vary based on an organization's ability to seek out and stop poor quality from reaching a customer. Project managers need to be able to understand the full scope, which includes delaying delivery in exchange for regulatory directions or repairing something that can't be easily discarded. Failure to invest in quality has a high price and can affect the project's stakeholders, its team members, and the end-users. As a PMP proficiency holder, you will ...
Read MoreProject Management Terms and Concepts
Project management is a tough, challenging job. It's no surprise that there would be jargon, terminology, and knowledge that needs to be learned. That's just what happened over the years and is still happening today. The following is a list of project management concepts and terms that will benefit you even if you're a seasoned veteran. If you need an introduction to project management, maybe these short definitions will help. General Terms and Concepts Let us look into a few common terms and concepts. Project Plan A project plan is a document that lays out the details of a ...
Read MoreProject Life Cycle Vs. Product Life Cycle
Marketing can impact how your product is marketed, but there's still a huge difference between marketing and promotion. However, understanding the project life cycle and product life cycle and having some strategies for their use will help you integrate both into your business plans with maximum effectiveness. Product Life Cycle A product's life cycle might be represented by five stages: Development, Introduction, Growth, Maturity, and Decline. In the beginning, there were no sales yet. After people try the product and are receptive to it, there will begin to be some sales during the growth phase. Eventually, as sales decline, the ...
Read MorePMP Exam Preparation-Prerequisites and Syllabus
You earn the title of "Project Management Professional" (PMP) by successfully passing the PMP certification exam. Once you are a PMP, you can help your company get new projects in order, manage deadlines, coordinate team efforts, and complete projects on time. As the most recognized and valued individual certification in project management, the PMP designation opens doors to a world of opportunities. In many cases, it's a mandatory qualification for a project management role. With our help and guidance, you, too, can become a respected and certified project manager who can work anywhere in the world. As the most recognized ...
Read MoreImportance of Good Communications and Story Telling
Just in case you have forgotten, you hear stories all day long. That might be on the radio or a clip of a television commercial before a video. You will always remember at least one story because they've impacted your life. Stories have been linked to human communication behavior for centuries. Stories can be used to tell many different things and illustrate the power that stories have in persuading, informing, influencing, and motivating action. Nowadays, the emergence of storytelling in various fields has gained recognition by practitioners like public relations, marketing communications, and more. An influential paper from 1992 highlights ...
Read MoreEvolution of Project Management Certifications
Project management developed during the 1950s as a separate discipline because of changes in the social and economic structures. Project management is now available as a career option, with certification becoming increasingly important over the years. Project Management Certification, PMP, is a globally recognized certification granted by Project Management Institute, which was founded in 1967. With this certification, you're sure that your company is in good hands. What do you Understand by Project Management? While projects can last for only a limited time, they have an intended goal and expected result. Depending on the resources available and the time ...
Read MoreDifference Between Project Management and General Operations Management
This guide will cover both project management and general operations management so that you have all of the information necessary to make an educated decision when it's time to decide on becoming a project manager or general operations manager. General Operations Management Project managers typically handle specific jobs and tasks, while operations managers take care of entire teams and larger projects. The project manager role is more temporary in nature, while the general operations manager position is more permanent in scope. Operations management involves planning and executing activities and functions that produce products or services. There are three main ...
Read MoreCommon Mistakes Beginner Quality Managers Make
Quality managers are essential for any company. They help ensure operations run smoothly, and that all products and services are consistent. Although it's only natural to make mistakes at the start, new recruits should try their best to prevent them, even if it's just a learning process. Making mistakes is part of the job when it comes to managing quality. Although nobody ever plans to make them, you'll want to be prepared and know what to look for if you become a beginner or are working with someone who is new to the field. A Few Avoidable Mistakes by Quality ...
Read MoreUnderstanding Statistical Process Control (SPC)
Statistical process control (SPC) is a technique used to monitor processes to ensure they are under control. SPC can be used for many different types of industries, including manufacturing and food production. In this article, we'll cover statistical process control, how it works, and why it's so important. We'll also discuss some examples of applications where SPC has been put into practice so you can see how effective this method is at improving operations overall! What is statistical process control (SPC)? Statistical process control (SPC) is a technique used to monitor processes and manage their quality on an ongoing basis. ...
Read MoreThe Concept of Zero Defects in Quality Management
Quality is the cornerstone of any successful business. No business, no matter how small, wants to deal with an unsatisfied customer. It's not just frustrating; it can cost companies money in lost sales and damaged reputation. And that's where quality management comes in − achieving and maintaining high standards is a priority for many. Zero Defects (ZD) is a quality assurance concept developed by Philip Crosby. The concept's core was that individual workers should be empowered to reject products and processes that do not meet standards. It imposes personal accountability on individuals to ensure that the items they produce are ...
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