Found 822 Articles for Business

Sometimes, we implement the best project management strategies to accomplish a project but end up failing. When a project is finished as planned, without exceeding the budget or crossing the deadline, the credit goes to the entire team that worked on it. But, when it fails, the blame is on the project manager. But what exactly causes project failure? Well, there are many reasons. It can be poor quality work, lack of resources, or lack of communication at different stages of project management. So, what exactly should you do when a project doesn’t meet the quality standards or takes ... Read More

A construction project can be extremely overwhelming, especially a large project that may take several months to complete. Whether you are building an apartment or a theater, a construction project requires effective management and a dedicated team of employees who can accurately execute the supervisor’s instructions. Like any other project, construction management comes with a range of phases. For example, designing, planning, and scheduling are a few stages of construction. Keep reading to learn about the different construction management stages and what the job entails. What is Construction Project Management? As the name suggests, construction project management is a series ... Read More

Project management is more like a straightforward approach. After a project is assigned, we list the requirements, set a deadline, and start working on it. Nobody plans the project, especially smaller tasks that can be finished within a week or a month. That’s how our ancestors accomplished projects and got good results. That’s not how it works in reality, though. It’s important that you follow a standard or a proven procedure for completing projects — whether they are small or complex. What are Project Management Rules? Project management consists of several steps, and each must be completed before moving on ... Read More

Having a project manager who oversees all aspects of project management is essential for all types and sizes of organizations. A project manager is a versatile job position for companies that require an individual with a combination of soft and hard skills. They are supposed to complete projects of all complexity levels — be it extending the product line to expanding business on a global level. However, handling these responsibilities isn’t as easy as it seems. Even an experienced project manager struggles to keep up with the deadlines and ensure each task is accomplished as required. If you are a ... Read More

Agile management and agile leaderships are two terms used interchangeably. An agile manager is different from a leader. Management is focused on teamwork, achieving organizational goals, and devising the right strategies to accomplish tasks within the deadline. Leadership, on the other hand, is more about ensuring that agile principles are implemented across various levels of management, and each employee follows this approach. PMI-ACP is a popular agile certification for aspiring project managers who want a high-paying job in their desired industry. Before we get to that, let’s understand agile leadership and management. What is Agile Leadership? A successful leader ... Read More

If you have been pursuing a career in project management, you may have heard of the terms “kanban, waterfall, agile, scrumban, scrum, and six sigma.” Most companies implement these few popular project management methodologies to streamline their projects. Agile, for example, has become the manager’s favorite framework for projects of all difficulty levels. It offers you flexibility and an easy way to complete tasks by the deadline, within your company’s budget, and maintaining the best quality standards. The agile framework is about collaborating with teams, setting practical and achievable goals, breaking them down into smaller tasks, and communicating the ideas ... Read More

Acceptance Test Driven Development (ATDD) is an extended version of Test Driver Development (TDD), which promotes the collaboration of different users to verify the functionality of a system. It’s a project management system inspired by agile methodology. It fosters a connection between developers, testers, stakeholders, and clients to understand the system’s function and requirements from the user’s perspective. In this post, we will learn more about ATDD, where the methodology is implemented, its uses, and more. Keep reading. What is Agile Acceptance Test-Driven Development? Contrary to what you might assume from the name, ATDD isn’t precisely a testing procedure. ... Read More

As a business grows, choices including stock ordering, transport, storage, and sales become more crucial. So, larger industrial storage facilities are in high demand since they facilitate the distribution of goods across a wider geographic area and thus increase the product variety available for purchase. A crucial choice in this age of fast development is whether to ship from a single hub or from a network of smaller warehouses spread across the country. There are advantages and disadvantages to both centralized and decentralized inventory systems; which one is best for a given company will depend on its structure, goals, and ... Read More

Every business transaction has its own unique selling environment. Therefore, consumer markets and business markets are different in important ways that are often overlooked. Businesses that cater to consumers sell their products directly to consumers, whereas businesses that cater to other businesses acquire raw materials and intermediate products to employ in the production of their own goods and services. This essay will break down the several key differences between retail and wholesale markets. What are Business Markets? Business markets consist of companies and other organizations that buy raw materials and intermediates for use in production. Products and services that are ... Read More

The world we now inhabit is not perfect. The news is constantly filled with stories of natural disasters like hurricanes, tornadoes, and tsunamis that wipe away entire towns and put a halt to human economic activity when they pass through our globe. Natural disasters have a devastating impact on business operations across the world, in addition to disrupting the lives of ordinary people. The need for organizations and service providers to prepare for the likelihood of disruptions to their operations and the services offered by technology has consequently increased dramatically. Having a number of different contingency plans available might ... Read More