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Project Management Articles
Page 32 of 43
What to Do When Your Project Is Bound to Fail?
Every project carries risk. These risks are unavoidable, and most project managers experience project failures at some point in their careers. But it’s important that you know these risks and failures can be avoided when you understand the pitfalls and take steps to mitigate them. If you have been experiencing these failures a lot lately, read this article till the end. We will walk you through the reasons why the project fails and what you can do to avoid these failures. Let’s get started. Why do Projects Fail? A project is considered a failure when you don’t get your ...
Read MoreWhat are the Benefits of Project Management?
Project management isn’t a new concept. Although we have seen a lot of new methodologies and changes in how projects are executed, the history of project management goes back to the time when the Giza pyramids were constructed. The construction team used project management techniques to build such a sturdy structure, which is now a part of the seven wonders of the world. The techniques have evolved. Thanks to the advancement in technology. But the results are as amazing as what the pyramids turned out to be. In this post, we are going to discuss some benefits of project management, ...
Read MoreTips to Stay on Top in Project Management Industry
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 MoreRoles and Responsibilities in PRINCE2®
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 MoreUnderstanding Strategic Project Management (SPM)
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 MoreProject Management Triangle – Definition, Basic Concepts, and Applications with Templates,
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 MoreProject Management Plans in Project Environment
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 MoreInfographics for Quality and Project Management Professionals
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 MoreTop Reasons Employers Want Project Management Certification
We have seen hundreds of job postings for project managers popping up every now and then in the last few years. The rapidly progressing technology requires people specializing in understanding its uses and implementing it correctly to complete all types and natures of projects successfully. There isn’t any special degree for aspiring project managers. Of course, you can find dozens of certification programs and become a certified project manager, but there’s no bachelor's or master's degree for people interested in pursuing their career in this industry. The demand for project managers is increasing exponentially. Despite the shortage of project ...
Read MoreTop Tips for Effective Project Management
A project manager often approaches the C-suite executives or those who have worked as project managers to get useful tips on handling projects efficiently. We understand the struggle. Managing a project, especially when you are overburdened with a bunch of tasks, is not a cakewalk. Your role isn’t confined to assigning tasks to each employee and leaving the entire project to them. You must prepare the project charter, get senior management’s approval, and start work on the project following the priority list. All these tasks can take a toll on your mental and physical health. While you might be ...
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