Found 528 Articles for Management

Managing the Opportunity Costs - PMP Certification

Radhika Dadhich
Updated on 14-Dec-2022 15:58:35
A career in project management is pretty rewarding. You can get a job in just about any industry and a really good paycheck. To be a project manager, you must pass a few exams and achieve certifications to prove your skills in this field. PMP, or Project Management Professional, is one such certification that helps you learn the ins and outs of project management, what it’s about, and how to advance a career in this industry. One of the many topics covered in the exam is opportunity cost. Let’s see what opportunity cost is and how it’s related to PMP ... Read More

Insights on Change Control Management

Radhika Dadhich
Updated on 14-Dec-2022 17:29:14
Each organization has to embrace change to grow, irrespective of its size and nature. These changes can be the requested ones or the unplanned and unexpected changes, like changes in customer trends. Whatever the change is, the manager has to work with the team and the supervisors to address and analyze them before implementing them in the organization. The team carefully evaluates the effects of the change on the company, its long−term objectives, employees, and other resources. Based on this, the change is either accepted or rejected. In this post, we will discuss all that you need to know about ... Read More

How to Manage Your Time During the PMP® Exam?

Radhika Dadhich
Updated on 14-Dec-2022 17:26:50
The PMP® exam is for aspiring project managers. You need to read the PMBOK guide to prepare yourself for this test and become a qualified project manager. The exam doesn’t only test your knowledge, but it is used to evaluate your time management skills. You get a set of questions and a fixed deadline by which you must answer each question and submit your paper to the supervisors. That’s why it’s advisable that you take practice tests of the PMP exam before appearing for the main test, as this will give you a better understanding of how much time you ... Read More

How to Make Project Team Members Perform Well?

Radhika Dadhich
Updated on 14-Dec-2022 15:52:38
Project teams have become the most crucial element of any project. It involves a group of people coming together to understand the requirements of stakeholders and find an effective solution that helps achieve operational efficiency and ensure the fastest delivery of the project. A project team consists of people who are dedicated to helping their managers achieve organizational goals. Each member puts in their effort and skills in order to make their project successful. In this post, we are going to walk you through the details of project teams, what tasks they perform, and what you can do to make ... Read More

Design Thinking for Effective Project Management

Radhika Dadhich
Updated on 14-Dec-2022 15:50:15
Someone who has managed projects knows what it takes to achieve the final objectives, keep everything on track, and manage deadlines. That’s where a project manager steps in. They are responsible for all aspects of project management while handling time and budget constraints. An experienced project manager knows how to plan and execute deliveries to accomplish the project as desired and meet the stakeholders’ goals. They deploy several components to make the management part easier. One of these tools is design thinking. With the help of design thinking, it gets easier for project managers to lead their teams in the ... Read More

Construction Project Management

Radhika Dadhich
Updated on 14-Dec-2022 15:47:02
A construction project can be extremely overwhelming, especially a large project that may take several months to complete. Whether you are building an apartment or a theater, a construction project requires effective management and a dedicated team of employees who can accurately execute the supervisor’s instructions. Like any other project, construction management comes with a range of phases. For example, designing, planning, and scheduling are a few stages of construction. Keep reading to learn about the different construction management stages and what the job entails. What is Construction Project Management? As the name suggests, construction project management is a series ... Read More

Agile Certification Training: Agile Project Management Framework

Radhika Dadhich
Updated on 14-Dec-2022 15:42:24
If you have been pursuing a career in project management, you may have heard of the terms “kanban, waterfall, agile, scrumban, scrum, and six sigma.” Most companies implement these few popular project management methodologies to streamline their projects. Agile, for example, has become the manager’s favorite framework for projects of all difficulty levels. It offers you flexibility and an easy way to complete tasks by the deadline, within your company’s budget, and maintaining the best quality standards. The agile framework is about collaborating with teams, setting practical and achievable goals, breaking them down into smaller tasks, and communicating the ideas ... Read More

What is Minitab - Introduction, Benefits, Features

Mrudula DD
Updated on 13-Dec-2022 14:38:20
For most people, the first tool or software they learn and use for the purpose of data analysis is Microsoft Excel. Microsoft Excel is a part of the wider umbrella of professional software released by Microsoft under the Office brand. While Microsoft Excel’s first release was in 1987, Minitab’s first release came 15 years prior in 1972. However, despite having the first-mover advantage, Minitab did not become a user favorite as Microsoft Excel did. Most part of Microsoft Excel’s outstanding success can be attributed to the fact that most computers run on Microsoft Windows. However, Minitab too has some ... Read More

Understanding TAKT Time and Cycle Time vs. Lead Time

Mrudula DD
Updated on 13-Dec-2022 14:36:25
According to the majority of manufacturing organizations, collecting data is one of the fundamental concepts of running a successful, productive operation. A company's ability to function and develop within a certain sector, as well as the difference between succeeding in the market and going out of business, can be strongly impacted by its capacity to collect and manage production data. Cycle Time, TAKT Time, and Lead Time are three of the most often monitored parameters across most discrete manufacturing plants, despite the fact that there are innumerable measurements and KPIs to monitor. In this article, you will learn how ... Read More

The Role of Six Sigma in Manufacturing

Mrudula DD
Updated on 13-Dec-2022 14:34:34
In today's digital era, one of the most popular process-optimization approaches is Six Sigma. With the key objective of reducing operational waste and redundancies and thus abolishing defects, errors, and waste, it establishes a set of standards for enterprises to adhere to. The fundamentals of Six Sigma were initially created as a type of quality control, mainly for major manufacturing businesses, with the goal of enhancing performance in the industrial sector. The primary goal of this quality control system was to improve production processes while reducing the number of errors discovered in them. Eventually, the Six Sigma approach was applied ... Read More