Managing the quality of a project goes beyond just measuring how high-quality the end product is; in actuality, project quality also encompasses the quality of the leadership and project management that are part of the process. The driving factor that influences the quality of a project Read more…
Overview While projects can be a big and exciting journey, there are always going to be problems and risks involved. However, it is up to the company to be aware of these and figure out how to deal with them, Read more…
Risk Management is a process of identifying, assessing, controlling and prioritizing threats. Every business and organization faces the risk of unexpected, harmful events that can cost the company money or cause it to permanently close. Various sources for risk: Financial Read more…
A project’s metrics serve an extremely important purpose; they allow the project manager and more importantly, the stakeholders to view the overall status of the project. This makes it extremely important for the proper metrics to be selected, so as Read more…
A metric is essentially something that can be measured. Time and cost are the two most common metrics that come to mind when thinking about project management. However, these two metrics alone are not enough to measure project performance. It’s Read more…
What is cost control? It is a constant process of measuring the variances in cost from what was initially planned and making appropriate changes to the scope or budget of certain aspects of the project. This process is done throughout Read more…
An effective cost control system should have: Planning of the work needed to complete a project Estimation of time, labor, and costs Clear communication of the scope Disciplined budget Timely accounting of progress and expenditures Reestimation of time and cost Read more…
After putting the project plan into place its time to schedule and get ready to execute. Scheduling might seem as an easy task to perform but it has the possibility to determine the overall success of the project. A team Read more…
Risk is inherent in all endeavors of project management. Determining the degree to which risk is present, and the extent to which it can be minimized, is the cornerstone of Risk Management. This post will cover some of the factors Read more…
Project managers are always grappling with the demands involved in project planning, and the many moving parts that encompass it. The crux of managing projects involves keeping the project’s resources, tasks, and timeline defined in clear sight so that project Read more…