Found 325 Articles for Project Management

Tips to Stay on Top in Project Management Industry

Radhika Dadhich
Updated on 18-Jan-2023 18:10:33
Project management is a complex industry. A manager struggles to complete projects of different complexity levels without overspending. The biggest challenge that every manager experiences at some point in their careers is ensuring that the project is on track and they will be able to finish it by the deadline and within the budget. Resource allocation is another major difficulty. You may have accomplished several projects in the past, but that’s not what makes you a great project manager. If you want to stay on top in the project management industry, you need to understand the nitty-gritty of different projects ... Read More

Roles and Responsibilities in PRINCE2®

Radhika Dadhich
Updated on 18-Jan-2023 18:08:53
PRINCE2® is a globally-recognized project management methodology that suggests that each project is managed well when the manager clearly defines each individual's roles and responsibilities. The methodology categorizes the seven crucial roles into minor and major. Each individual is responsible for executing their duties effectively and such that the team achieves its pre-determined target without exceeding the budget and the timeline. PRINCE2® certification has also been gaining immense popularity among aspiring project managers. Keep reading this post to learn more about PRINCE2® certification, the seven principles, and this project management methodology. PRINCE2® Overview PRojects IN Controlled Environments is a ... Read More

Understanding Strategic Project Management (SPM)

Radhika Dadhich
Updated on 18-Jan-2023 18:06:09
The losses incurred from project failure in the past are huge. You might have heard of the financial disaster Coca-Cola experienced when it launched New Coke back in 1985. They planned to launch a new coke, which failed miserably. The product didn’t receive the attention the company had planned, resulting in a loss of $4 million in development and $30 million in inventory that remained unsold. Coca-Cola isn’t the first and only brand to experience a catastrophe like that. Nearly all major brands and small companies experience some kind of loss or failure when executing a project. When you plan ... Read More

Project Management Triangle – Definition, Basic Concepts, and Applications with Templates,

Radhika Dadhich
Updated on 18-Jan-2023 18:03:28
Project management is a complex field. A manager has to oversee everything — from employees working on a project to the limited resources to the possibility of risks that might crop up at any time. To ensure the project is delivered as required, project managers follow several approaches. One popular concept that has recently gained immense popularity is the project management triangle. As the name suggests, it covers the three core concepts—time, cost, and scope. Keep reading to get a closer look at the project management triangle, its uses, and how it can help managers deliver projects successfully. What ... Read More

Project Management Plans in Project Environment

Radhika Dadhich
Updated on 18-Jan-2023 18:01:09
A project management plan is a detailed list of the deliverables, factors affecting the quality of the project, timelines, budget, etc. It’s a comprehensive document that aims to finish the entire project-from the start to the end effortlessly. It lists all variables that will be used for project execution throughout the lifecycle of the project to ensure excellent delivery. A project plan in project management is as important as getting the buy-in from supervisors and stakeholders. Just like executing a project is impossible without onboarding your team or involving them in the mission and vision, a project is useless without ... Read More

Project and Program Risk Management

Radhika Dadhich
Updated on 18-Jan-2023 17:52:42
For a project-oriented organization, the success of a project is key to the company’s success. Completing the project with minimal resources, a skilled workforce, and the allotted budget are a few things that help a company achieve its organizational goals. And while schedule, cost, deadlines, resources, and budget are all crucial for success, the biggest and more important factor that can be the difference between the success and failure of a project is risk. Every project, irrespective of its size and nature, carries some form of risk. It might vary depending on the type of project you are working ... Read More

Infographics for Quality and Project Management Professionals

Radhika Dadhich
Updated on 18-Jan-2023 17:51:11
Infographics or Information Graphics refer to the visual representation of complex data to ensure that people using it understand easily. Infographics are designed manually, and they contain all the essential information about the subject, except they are not all-text like a blog. Experts say that the human mind tends to capture visual images faster. The visual representation of any kind of information tends to last. The two main components of an infographic are the design element and concise language. Both make it easier for us to understand the main concept of the infographic and what the user is trying to ... Read More

History and Evolution of the PMP® Certification

Radhika Dadhich
Updated on 18-Jan-2023 17:45:11
PMP, or Project Management Professional, is a certification for aspiring project managers looking to advance their careers in this industry. Although the certification isn’t mandatory, it enhances your resume and showcases your management skills and expertise in this field. PMP certification secures your career, especially if you are a beginner with zero experience in managing projects, human resources, or other aspects of the business. For the past 36 years, PMP certification has been used as a tool to gauge the manager’s expertise and ability to handle complex tasks. The exam pattern kept changing every now and then, but we witnessed ... Read More

Gantt Chart and its Usage for Project Management

Radhika Dadhich
Updated on 18-Jan-2023 17:43:27
Managing a project is not a piece of cake. Most managers are required to juggle multiple tasks, people, and tools to finish the task at hand as effectively as possible. Completing these projects on short deadlines without compromising the quality is something that requires a dedicated team and planning. You can’t complete a project, no matter how small, without creating an outline of the tasks to be finished and their duration. That’s where Gantt Chart comes into play. In this post, we will discuss Gantt charts, their use in project management, and how crucial they are for successful project management. ... Read More

Earning High PMP PDUs for Your PMP Certification

Radhika Dadhich
Updated on 18-Jan-2023 17:41:53
Passing the PMP test is just the first step in building your career in project management. If you have been working as a project manager for some time now, you must know that maintaining the project management credentials requires you to earn PDUs. Professional Development Units are essential to retaining our PMP certificate and status. You get three years to achieve the required PDUs and keep your status. These PDUs are recorded in Continuing Certification Requirements systems and are evaluated at the end of three years by supervisors who decide whether or not you qualify to keep your PMP credentials. ... Read More