Project Management Archives - Page 14 of 20

Updated on: 10th Oct 2020

Role of Earned Value Technique in Project Management

What is Earned Value Management and Why is it Important? A clear overview of one of today’s most effective management approaches : EVM is a management approach which upon incorporating any type of program – provides all levels of management with early visibility into cost and time related problems. EVM helps provide the basis to […]

Updated on: 10th Oct 2020

What is Project Quality Management?

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Project quality management is the process through which quality is managed and maintained throughout a project. While the context may imply that “quality” means “perfection,” in this case, is usually more about ensuring quality consistency throughout a project. However, what is exactly meant by “quality” is beholden to what the customer or stakeholder needs from […]

Updated on: 10th Oct 2020

Tools and Techniques to Estimate Project Cost

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Top 10 Tools and Techniques to Estimate Project Cost Estimating the project cost can be a scaring exercise for many managers. It is often seen that many project managers across the industries burn the midnight oil to prepare a perfect estimation. Despite all the efforts, when the project cost exceeds the estimated budget, they face […]

Updated on: 10th Oct 2020

What is a Project Charter And Project Scope in Project Management?

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Project Management – Project Charter and Project Scope Good project management means documenting what you will do as well as what has been done. Both the project charter and project scope are created early in the initiation phase of a project, and they each help steer the project in the right direction. While both of […]

Updated on: 10th Oct 2020

Why Should You Conduct Project Status Meetings with Your Team?

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The aims and times of the meetings on the progress of the project : The frequency of these meetings obviously varies depending on: the complexity of the project; the number of project team members; the level of information required by the project owner, by customers, stakeholders, etc. from the level of involvement of the project […]

Updated on: 10th Oct 2020

The 7 R’s of Change Management

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As an IT service management discipline, change management ensures that the procedures and methods employed to enact change are standardized and ensure that they promote the prompt and efficient management of any changes to IT infrastructure. The ultimate goal of IT change management is to limit the number and severity of change-related impacts on service. […]

Updated on: 10th Oct 2020

What Are The Categories and sources of risk in your project?

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All projects have risks. If a potential risk of the project is not identified early, then the project will be at a high risk to complete as per schedule, within budget and to meet the expected quality. One of the current difficulties faced by a new Project Manager today is not having a sample or […]

Updated on: 10th Oct 2020

What Is a Network Diagram in Project Management?

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What are Network Diagrams? Network Diagrams in project management are a visual representation of a project’s schedule. Well known complements to network diagrams include the PERT and Gantt charts. A network diagram in project management is useful for planning and tracking the project from beginning to finish. It represents a project’s critical path as well […]

Updated on: 10th Oct 2020

What are The Types of Contracts In PMP?

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As a Project manager, you should be aware of the different types of contracts and the legal aspects of projects. Imagine having to outsource a process or product to third-party subcontractors or vendors in the middle of your project. What type of contract would you use for the third-party service provider? Situations like this are […]

Updated on: 10th Oct 2020

Residual Risk Vs Secondary Risk

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Residual Risks You have identified a risk and developed a response plan to manage this risk. However, this response plan does not completely remove the risk. The residue remains, which is called residual risk. According to the PMBOK Guide 6th edition, “residual risks are those risks that are expected to remain after the planned responses […]

Updated on: 10th Oct 2020

Impact of the stakeholders on the projects

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Who are the Stakeholders? A stakeholder is an individual, group, or organization who may affect, be affected by, or perceive itself to be affected by a decision, activity, or outcome of a project. Stakeholders are either directly involved in the project or have interests that may be affected by the project’s outcome. It includes normally […]

Updated on: 10th Oct 2020

Effort Vs Duration Vs Elapsed Time

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There is a lot of confusion about different time management terms. I am always asked questions about project duration, effort and elapsed time during my training classes. Let’s take an example. What would you understand if I say, “Activity Alpha would need 3 days for completion”. This statement can be confusing without the proper context. […]

Updated on: 10th Oct 2020

Agile vs Scrum

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Agile & Scrum are two terms that have become very popular in recent years and with good reason. Together, they make project management and development more streamlined, faster, and more cost-effective. But what’s the difference between agile and scrum? What is Agile? Agile methodology is a practice that helps continuous iteration of development and testing […]

Updated on: 09th Oct 2020

What Is Six Sigma Quality Assurance?

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The six sigma concept came about to revolutionize the concept of providing the optimal level of quality throughout the process. Ever so often, quality would be restricted to a specific department, and quality testing and quality assurance would be one of the final take-ups on the finished product. But as technology and customer-centric requirements had […]

Updated on: 06th Oct 2020

How to Close a Project?

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When it comes to project management, closing out a project isn’t just a matter of executing deliverables. Though the process may seem tedious or overly administrative, a formal closure phase ensures all loose ends are tied up, documentation is signed and approved, contractors are paid, and everyone is on the same page. The closing phase […]

Role of Earned Value Technique in Project Management

What is Project Quality Management?

Tools and Techniques to Estimate Project Cost

What is a Project Charter And Project Scope in Project Management?

Why Should You Conduct Project Status Meetings with Your Team?

The 7 R’s of Change Management

What Are The Categories and sources of risk in your project?

What Is a Network Diagram in Project Management?

What are The Types of Contracts In PMP?

Residual Risk Vs Secondary Risk

Impact of the stakeholders on the projects

Effort Vs Duration Vs Elapsed Time

Agile vs Scrum

What Is Six Sigma Quality Assurance?

How to Close a Project?

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