The estimated duration of a project affects the time it takes to plan and deliver. Poor estimation can result in longer turnaround times and drawn-out delays, which can negatively affect a company's bottom line. It can also raise doubts about a project manager's competence. The deadline also affects the pricing of a contract, which can impact its profitability. These three factors are used to prioritize scheduled activities during the estimated activity duration - effort, duration, and elapsed time. What is Effort? The amount of time it would take to complete a task is referred to as the effort in ... Read More

Digital transformation is the process of leveraging digital technology to significantly alter how an organization functions and provides value to its clients. Project management is used in this process since it calls for a lot of planning, coordinating, and carrying out. Project management is crucial to the success of digital transformation as it makes sure that everything goes according to plan and that the business can get the results it wants. What is Project Management in Digital Transformation? Project management in digital transformation entails the method of planning, executing, and monitoring digital transformation initiatives using project management tools and ... Read More

In project management, recent years have seen a rise in the popularity of agile approaches because of adaptability, visibility, and capacity to increase client happiness. Particularly in comparison to traditional project management techniques, the adoption of Agile methodology can assist project teams in a variety of ways. For project managers aiming to produce high-quality outcomes on schedule and within budget, the agile methodology may be a priceless resource. What is Agile Methodology in Project Management? Agile methodologies in project management relate to a collection of strategies and tactics that place a focus on adaptability, teamwork, and ongoing project management ... Read More

The Project Management Office (PMO), a division or group inside a non-governmental organization (NGO), maybe in charge of overseeing and coordinating all of the projects and activities that the NGO manages. The PMO may be responsible for a variety of duties according to the demands of the NGO, but some common ones are as follows − Creating Project Plans and Schedules − The PMO is in charge of drafting thorough project plans that describe the scope, objectives, budget, and resources required for each project. They also set deadlines for every project and keep track of development to guarantee ... Read More

It's possible that new approaches, technology, and trends that have recently evolved will be incorporated into the definition of project management in 2023. Listed below are a few scenarios in which the definition of project management might alter in 2023 Increased emphasis on digitalization − As technology develops, project management will probably become more digital. This may involve using automation, AI, and big data analytics to boost productivity and decision-making. An increased focus on remote work − As more businesses adopt rules for remote work, project management will need to change to successfully manage remote teams. This can involve ... Read More

Many years ago, paper documentation and checklists were transported from station to station on the shop floor in carts and folders. However, with the advent of electronic storage, this is no longer necessary. The paperless office is on its way out thanks to enterprise content management, collaboration tools, document management, and other digital services. However, that doesn't mean we're more efficient or organized. The amount of documents we receive every day makes it even more likely for something important to get lost, mishandled, or misformatted. When it comes to quality management, disorganization can result in adverse events, financial losses, and ... Read More

Good organization is key to training and development success, especially when everyone has a lot on their plate. We've compiled a list of our favorite eLearning project management software to help you sort through all the options. Have a look and select the one that's right for you. E-Learning Project Management Software: Why You Should Use Them? While eLearning project management tools are used for a variety of reasons, here are some benefits to consider − Manage your business's learning journey easily - The most widely recognized benefit of an eLearning project management tool is that it allows ... Read More

Our calendars help us keep track of important dates, such as birthdays and meetings. No matter what type of planner you prefer, having visual reminders of upcoming events will help keep you on track. A project timeline establishes an organized project flow from start to finish, based on these calendar principles. It may feel overwhelming to start researching timeline options once you start implementing one. We'll simplify the process and break down the steps to make a simple project timeline. Project Timelines: What Are They? Timelines help teams visualize the steps necessary to complete a project in a timely ... Read More

A project is temporary. It has to have a beginning and an ending. The duration of the project depends on many factors. The project has to answer the objectives, the finances involved, the availability of the resources, the quality of the product, and several similar external and internal factors affected. When the project ends, whether successful or not, it has to come across a crucial stage called project closure. First, a project is initiated where the foundation is laid to carry out the project. Then a plan is drawn to determine how the project is to be commenced. Then comes ... Read More

Every single project involves some checks to determine whether the project is executed in a predefined manner or not. Also, the single details of the process linked with the project are monitored and controlled. All the indicators and practices used to analyze and keep a close watch on any of the benefits mentioned together. The details of the entire project have to be approved for the entirety of its life cycle assignment. Moreover, the project activities which involve the aspects like statistics and policies are designed to directly evaluate every single piece of data and information regarding the project. ... Read More