It’s not enough just to identify risks that could harm your project. Once you find a risk, you must analyze it and decide how you will respond. For example, if your data center is in the Midwest, it is a legitimate possibility that a tornado could sweep through the area Read more…
According to the Oxford Dictionary, risk management is defined as “The forecasting and evaluation of financial risks together with the identification of procedures to avoid or minimize their impact”. In other words, it is the practice of identifying potential risks in advance, analyzing them and taking precautionary steps to reduce Read more…
As students of project management, we tend to focus on the end goal(s): Run a project efficiently, ensure each team is accomplishing their tasks on time and in scope, maintain within scope/budget/timeline, and the list goes on. However, how are these actually quantified? How do we know if we are Read more…
Project Metrics How do we measure the success of a project? We use project metrics. Project metrics are a critical part of any project. Metrics give us a glance at the important data of the project. Project metrics have to be relevant to the project or else there is no Read more…
Metric is simply the system of measurement. When managing a project certain metrics are used specifically to meet the goals. Project metrics can be used to keep proper track of project status and better reporting. This makes easy to identify the areas where project requires more attention. Chapter 15 touches Read more…
Metrics are used to determine the success of a project and provide aid to project managers so that they can understand the overall project productivity, the project status and assess the quality of work. Some useful metrics for a project may be the productivity, cost, and the scope of work. Read more…
I wanted to focus and talk about a specific scenario that played out in my last company. Let me set the stage- I worked for a wire and cable manufacturing company that has been around for about 60 years. I was hired as an Application/Systems Analyst which meant that they Read more…
At the end of the day, any business needs to make money to survive. Increasing the customer base and revenue is one obvious strategy to meet this goal. Sales teams will then be instructed to sell the product heavily and the project queue can quickly become full. While an effective Read more…
When talking about projects that had a disastrous scope creep, the Denver International Airport reigns as one of the most notorious projects. While being a beautiful, large airport, a lot of drama happened behind the scenes during construction. I know for myself, I absolutely hate checking bags at the airport. Read more…
Considering that video games are extremely complicated business ventures, complete with countless human and non-human expenses and considerations, creating an effective budget and schedule for a game project is daunting. And since I’m working on a large game project of my own, plus planning one for this class, I figured Read more…