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Management Articles
Page 51 of 52
How should Startups choose their Technology Stack?
Start-ups are promising, innovative and conducive to the ever expanding business environment. According to NASSCOM, India is gaining the third spot globally with the fastest growing base of start-ups. The growth rate has been almost 40% with more than 4000 being added every year since the beginnings in late 2014. Worldwide, US leads the way in the start-up ecosystem followed by Indonesia, UK, Germany, Brazil, Spain, Canada, and France.While all start-ups require financial support to flourish, they also need a technology stack to build their applications for the user/customer. The technology stack is simply the software tools/programming languages used for ...
Read MoreHelpful Insights to Control the Cost of Your Project
Managing a project is not everybody’s cup of tea. There are many aspects of the projects which we need to plan and manage perfectly to achieve the desired success, whether it is the scope, schedule, cost or quality. It is also seen that many times, the project runs into trouble only because the Project Manager fails to monitor and control the project cost.So it is important to manage the project cost throughout the project with proper planning and controlling the project budget. To manage the project cost effectively, there are certain activities which we need to perform initially.Planning the Cost: ...
Read MoreHow to Deal with Threats and Opportunities
Isn’t it difficult to tackle certain situations when one wrong step can change the entire consequences? Yes, some situations make us dumbfound, and paralyze our decision-making capabilities whether that has a positive or negative impact on our project’s life. So, don’t you think that it is better to have some tools and techniques to deal with such threats and opportunities?Irrespective of the project’s duration and intricacy, risks are always there and in the case of long-term complex projects, the level of risks increases manifolds. So, to minimize the negative impact on our projects, we should have a concrete plan with ...
Read MoreHow to Deal With Team Attrition
Last week, while discussing with my colleagues on various topics, the discussions took an unexpected turn and reached to one of the trending topic called ‘Employee Attrition’. Frankly saying it was not unexpected, actually for the last couple of months we have been seeing many ‘good-bye’ or ‘keep in touch’ kind of parting emails almost twice or thrice in a week. Everybody is discussing on it, whether it is during lunch time or coffee breaks, the gossip and rumors are in the air!These type of discussions are not only restricted to one company. Actually, you can see such trends in ...
Read MoreHow to be a Champion Scrum Master!
Do you like to be at the center stage when the management showers the praises and appreciates with thundering applause? Of course, those are the golden moments that everyone is dreaming about. But, is it easy to be a champion without adequate knowledge and skills? No, not at all. You should have all the required skills to excel.And when we talk about a role like Scrum Master, which is widely misunderstood and misinterpreted in many organizations, how come, a person effectively play the role and it’s responsibilities and becomes a champion scrum master, isn’t it challenging?Let’s discuss how you can ...
Read MoreDeveloping an Effective Test Strategy
A test strategy document is a test outline document that explains the testing approach of the software development cycle. It is created by the test managers to inform clients, project managers, testers, and developers about some key issues and decisions of the testing process. This includes the testing objective, methods of testing new functions, total time and resources required for the project, and the testing environment. It is a strategy plan for defining testing approach, what you want to accomplish and how you are going to achieve it.It helps in evading all unclear and uncertain requirements and creating a basic ...
Read MoreControlling the Schedule to Protect your Project from Deviation
Managing a project is not everybody’s cup of tea; it is certainly a tough row to hoe. Whether it is a large scale project or a medium scale project, there are many important facets of the project which require a constant monitoring to keep them on track. You cannot encapsulate your project for a safe run, changes are inevitable, and it is impossible to turn down the change requests. Thus, it is a bitter pill to swallow for the managers to control the project by simultaneously accepting the expected and unexpected changes.So, the project managers have to be alert enough ...
Read MoreCompress The Schedule to Hit The Target
A common nightmare for the project managers across the industries is to keep the schedule on track. But most often, for various reasons the schedule goes hay-way. It can be an unrealistic schedule planning which often happens in today’s competitive market, or due to any unforeseen incidents or in-case of any force majeure. For instance, if project schedules gets out of hand, the managers for the respective projects will have to run pillar to post to bring the project on track. But, that is not the same case always, it is also observed that sometimes due to the client or ...
Read MoreAvoid Scope Creep: Control Your Project Scope
Let us discuss our favorite and one of the champion Project Manager Mr. K, who is working in a renowned software product company. He is successfully managing a project for last seven months. All his stakeholders, including the client, are very pleased with the project progress so far. Also, the senior management of his company is impressed by the way he is managing the project and generating the revenue for last seven months. It’s a big client, already two more big projects of the same client have been delivered by his company a few months back.One day, he got an ...
Read MoreWBS – Simplify your Work to save Cost and Time
Let’s discuss a scenario, you bought a piece of land in the outskirts of the city. It is a calm and quite place, surroundings with green lush nature. A pleasant escape from the busy and noisy city life. You love to build a house there to stay forever.So, as planned, you have started to build your house, and hired the Laborer, Masons, Carpenters etc., and also purchased the raw materials. Fixed a specific time period to complete the work.Coming to the most important part is the budget. For that, you take expert opinions from your friends and neighbors, who had ...
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