Found 699 Articles for Companies/Organisations

Businesses face challenges and threats throughout their lifecycle. At every stage of a business cycle, there is some or other sort of risk involved. While all the risks cannot be accurately predicted, it is better to keep them in mind while devising operational, financial, and management strategies. Potential risks must be studied before venturing out into a new task or challenge. And suitable preventative measures must be followed in order to rule out the possibility of businesses failing due to unaccounted risks. In this article, we will see what risk mitigation is, its types, various strategies, and the tools involved. ... Read More

Quality is an important element of a project. Although cost and schedule are crucial parameters during the project, quality is the final thing that matters. Every project and organization has its own quality requirements. It is important for the project management principles to ensure that all the processes lead to the quality requirement of the client. What Is Quality Management? Quality Management is the systematic way of monitoring and delivering a project with the expected quality requirements. It sets standards, responsibilities, procedures, and techniques that must be applied in a project in order to achieve the required quality. PRINCE2 ... Read More

PRINCE2 stands for Projects In Controlled Environments. It is a process-based project management methodology. It offers a well-defined and researched framework along with training and certifications. Being widely used across various countries, PRINCE2 has a broader scope. Hence is applicable for managing projects in various industries. In this article, let us look at the structure of the PRINCE2 project management methodology. What Is PRINCE2® Structure? Every project management methodology has a defined and standardized structure. The principles and aspects are clear and concise and form the base of the entire framework. The basic structure of PRINCE2 is in such ... Read More

PRINCE2 (Projects in Controlled Environments) is a popular project management system that provides a foundation for managing projects efficiently. It focuses on the significance of effective leadership, transparent communication, and methodical, well-organized resource management. Large and complicated tasks are especially well suited for PRINCE2, as it enables flexible modification of project plans and objectives to change circumstances. Because of its emphasis on documentation and evaluation, projects are more likely to be finished on schedule, under budget, and with the desired level of quality. Overall, applying PRINCE2 in project management can result in increased accountability, efficiency, and effectiveness, increasing the likelihood ... Read More

PRINCE2 (Projects in Controlled Environments) is a widely-recognized and respected project management method that provides a framework for effectively managing projects. Along with the method itself, PRINCE2 also offers practitioner certification to individuals who have demonstrated their knowledge and understanding of the method. The scope of PRINCE2 certification includes both the principles and themes of the method, as well as the processes involved in applying it to real-world projects. This certification is recognized internationally and can be valuable for professionals looking to advance their careers in project management. PRINCE2 certification is available at two levels: Foundation and Practitioner. The Foundation ... Read More

The techniques and approaches used to organize, schedule, and manage resources and processes in order to successfully finish a project are known as project management approaches. These strategies are crucial because they give projects a structure, guarantee that all required tasks are carried out, reduce risks, and increase efficiency. Depending on the scale, complexity, and organizational culture of the project, different approaches may be more or less appropriate. The success of a project can depend on selecting the best project management strategy because it lays the groundwork for efficient planning, communication, and control. What Is PMP®? The Project Management ... Read More

Resource management is a crucial process in the project management process. Inadequate measures to define or execute relevant resource management strategies might end up detrimental to the organization. Let us look at the Resource Management Maturity Model (RMMM) by the PMP®. What Is Resource Management Maturity Model (RMMM)? The RMMM helps establish a logical progression of the resource management process through five maturity levels in a project. Each maturity level is addressed along seven dimensions. Such a model helps in ensuring that the project resources and capacity are organized at the right level depending on the business. Currently, the RMMM ... Read More

The success of an organization depends highly on its human resources. It is without question the most skillful task and that is why organizations spend a good amount of money on training, monitoring, and evaluating employees. In spite of a human resource department in place, it is the task of a project manager to ensure that the employees are working as per the project requirements. A project manager must be capable of managing a team of highly diverse individuals. Managing a team is nothing but managing individuals. And managing individuals is a task of its own. In this article, we ... Read More

The success of a project manager lies in the success of the projects. And successful projects are not built using lavish budgets and excess resources. It is made with the help of effective project management strategies implemented by a team of professionals with years of practice and experience. So, what makes a successful and popular project manager? What are the attributes that define an effective project manager? Most importantly, if you are someone who is starting a career in the field of project management, what are the key factors to quickly grab the opportunity and prove your worth? We have ... Read More

The recent pandemic has led to a shift from conventional to hybrid workspaces. A lot of companies have started promoting remote working as it is seen to improve productivity and help achieve work-life balance. But a major challenge is in managing the workforce in remote working conditions. Major Challenges Associated with Remote Working Teams Based on feedback and observations, the following major challenges have been identified. Team management strategies and tools must aim at overcoming these challenges effectively. Communication − One of the major challenges with remote working teams is ensuring proper communication across the various levels of ... Read More