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Articles by Anurag Gummadi
Page 23 of 24
Seven Processes of PRINCE2®
The process of managing the life cycle of a project is crucial, and a formal process can help you maintain efficiency even in times when disaster strikes. PRINCE2, an approach created in 1989 by the UK Government, can help you manage project lifecycles with greater accuracy and efficiency. Your business is unique, bringing challenges and opportunities. PRINCE2 helps you keep these things in your control, even when dealing with the unknown. It helps you buckle down on projects from start to finish so that the only unknown variables are what you imagine ahead of time. PRINCE2 Methodology PRINCE2 is considered ...
Read MoreRole of Earned Value Technique in Project Management
Earned Value Analysis is a way of quantifying project performance against the plan. It's a way to measure deviations from the baseline costs and schedule. Results from an Earned Value analysis indicate whether the project is on track. What Do You Understand by Earned Value Analysis? Earned Value Analysis (EVA) is a method of measuring the amount of work done on a project. It allows you to measure progress and forecast the project’s total cost and completion date based on trend analysis or application of the project’s “burn rate.” Earned value is defined as the “budgeted cost of work performed” ...
Read MoreRisk Management Cycle: Process and Framework
Let's look at how risk management actually works along with understanding properly what it is. We'll also explore how to identify, assess and respond to project risks. What is Risk Management? The Risk Management Process is a process for understanding what risks and opportunities your project or organization faces and how best to address them. Steps to Minimize Risk Identifying risk Assessing risks Treating risks Monitoring and reporting risks Identifying Risks Ensuring that a project’s objectives are met is the ultimate goal. To do this, it is important to identify all of the events that can affect ...
Read MoreDifference between PERT and CPM
Project management is a structural way of scheduling, executing, and controlling the various phases of a project with the end goal being to complete the project on time. Two project management techniques that every manager should know about are PERT and CPM. These techniques help provide an overview of the project's progress and all the tasks involved in completing it. What do you understand by PERT? PERT is a technique used to plan and track projects, manage risks, and allocate resources. PERT helps identify the minimum time needed to complete a project, as well as manage any potential delays that ...
Read MoreWhat Kind of Job and Salary Can I Expect with the PMP® Certification?
The PMP (Project Management Professional) is an internationally accredited professional certification widely accepted in the project management industry. Those who pass the exam can reportedly earn a salary of up to $400, 000 per year. Let us dig deep into what kind of job and salary one can expect with the PMP certification. What is the PMP® Certification? The PMP® certification is a globally recognized standard for project management. The PMP certification is offered by Project Management Institute (PMI). To be eligible for the PMP®, you must first pass an exam. Once you have passed the exam, you will be ...
Read MoreThe Best Management Practice Portfolio
It is important to know how your company will perform in the future and to ensure you are doing everything possible to make that happen. This article discusses how the best management practices can help build a successful company. What is a management practice portfolio? A management practice portfolio is a collection of evidence that supports the effectiveness of a particular management practice. The purpose of a management practice portfolio is to help managers justify their use of specific management practices and to provide information that can be used to improve the effectiveness of those practices. A good management practice ...
Read MoreProject Schedule Management – Tips and Techniques
Regardless of project size, project managers need to be able to juggle the different expectations of their stakeholders and still pull off the project successfully. A schedule is one of the most important things a PM needs for their projects, as it defines what's happening, what tasks need to happen, where, and when. What is Project Schedule Management? Project schedule management (PSM) is a process that helps managers plan, control, and manage the project timeline. It helps to ensure that projects are completed on time, within budget, and to the required quality level. There are several key steps in PSM ...
Read MoreCarving Your Path to Project Management Office
Project managers are in charge of the projects and make important decisions about how andwhen to work. However, project management is a broad field with endless routes. There are many different types of project management, such as Six Sigma or lean project management.With so many paths, knowing which path is best for you can take time and effort. What is a Project Management Office? A Project Management Office (PMO) is a specialized business unit within an organization that is responsible for the effective and efficient management of projects. A PMO should delineate its authority, processes, resources, and goals. How to ...
Read MoreSocial Learning Theory with Examples
Humans have always been social animals; they have depended on others to know how to behave and have always learned from one another. All this has never been more true than in the current era, where information is accessible through social media channels.What is Social Learning Theory? Social learning theory emphasizes the importance of observing and modeling the behavior of others. It has roots in psychology and sociology and has been used to explain various human behavior, including aggression, altruism, and moral development. The basic premise of social learning theory is that people learn by observing the behavior of ...
Read MoreGuide to Integrate Asana into Jira
Asana and Jira are the market's most popular project management tools. They’re both very powerful, but they can be tricky to integrate. That’s why we created this guide− to help you integrate Asana with Jira. This guide will walk you through integrating Asana with Jira, including setting up tasks, creating issues, and managing calendars. We’ll also cover advanced features, like linking Asana tasks to Jira resources and attachments. So whether you’re a beginner or an experienced project manager, this guide is for you. Let us help you integrate Asana with Jira! What is Asana? Asana is a popular Omnipresent task ...
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