Issue management can be defined as the process of recognizing and resolving various issues arising within a project. The life cycle of a project is never absolutely smooth. There are bound to be questions and unexpected problems that come up every now and then. However, if a good issue management process is in place, then it becomes easier to deal with any problem before it escalates further. Some of the common problems faced in ...
A post evaluation report typically documents the failures and successes of a project providing a detailed record of the estimated and actual schedule and budget. The post evaluation report may also collect other important metrics besides offering recommendations and remedial actions for other similar projects. What is a post evaluation report? A good post evaluation report is generally based on three important and distinctive measures. These are: Project completion in the estimated time Project completion ...
An organization uses multiple resources for executing projects. These typically include people, equipment, information, materials, time, and money. Most organizations have a limited amount of resources, hence, resource allocation planning is necessary for the effective management and utilization of these scarce resources. Project resource management involves procuring and deploying internal as well as external resources which are needed for delivering a project, portfolio or program. It focuses on priority usage of resources, monitoring resource utilization ...
Selecting the right key performance indicators (KPIs) for a project is critical as you will need these KPIs to accurately gauge the project's success and performance over time. There is no universal remedy for choosing the correct KPIs, but there quite a few things that you will always need to consider. KPIs are essential to see if your project is meeting the set goals. Relate them directly to your business objectives What is the goal ...
The success of an organization depends upon the quality of project it is able to undertake and deliver successfully on schedule. Sometimes even with the best of efforts and intentions projects get delayed or do not work the way client wants them to resulting in disrepute to organization and team members. So what is the difference between success and failure and what measures should an organization take to complete every project successfully? Both professionally managed ...
From the title of the article, you might be wondering ‘What lessons could children possibly offer project managers?’ Actually, children's behavior can teach project managers quite a few things. These lessons can help the manager do his/her job more efficiently. Have you ever noticed the way children behave and interact with others on a day-to-day basis? Next time, whenever you get an opportunity to make an observation, pay close attention and you might end up ...
This might be the oddest topic you’ve ever come across, right? What can project managers and children really have in common? Well, at first glance, there’s obviously nothing in common. However, a deeper look can actually teach you a few lessons. In fact, if you observe how parents deal with children, you can actually come across some golden strategies that can also be applied in the area of project management. Here are a few ideas ...
Project culture and project governance need to go hand in hand for any project to be successful. Often, project managers and departmental heads are solely focused on the end result, and do not realize when the project culture falls through. Statistics report that nearly 50 percent of corporate projects fail globally. It does not come as a surprise that most of these companies have the tools, processes and resources to accomplish a project, yet the ...
Failure in project management is often due to weakness in business process implementation and decision making, as opposed to the efforts and executions themselves. Six Sigma is an effective business management principle that can help enhance process outputs by correcting flaws that hamper progress. Let's take a look at how the five important steps in Six Sigma can be implemented in project management. The five six sigma principles that we are looking at today are ...
Let’s cut to the chase straight up, and take a look at what tricks a project manager can pick up from a watchmaker to make sure that their project runs like clockwork. Design Traditionally, watchmakers built watches from scratch apart from assisting with repairs. However, they deal with repairs for the most part today, unless they are making watches for niche consumers. Even so, watchmakers are aware of all the design aspects that go into ...
A net promoter score is usually used by businesses to estimate customer loyalty. What many businesses do not know is that it can also be used to evaluate employee loyalty. Let us take a look at how promoters score can be used in the context of determining a project manager's engagement and loyalty toward the company, and how it impacts the customer net promoter score. What is a net promoter score in project management? A ...
Project managers and sponsors work hand in hand on projects. Project managers do not get to choose the sponsor that they want to work with. Typically, a sponsor is already in place, before a project is assigned to a manager. If your sponsor does not understand the roles that he/she need to fulfill, then you should be be bringing up the same with them, else you may be held responsible in case the project falls ...
From advocating a project to minimizing risks, a project sponsor is as important as a project manager in spearheading a project in the right direction. Given the limited time-frames and resources at hand, and quality constraints a project sponsor can make sure that the deadlines and expectations are met. They can make all the difference between a success and a failure. Let's take a look at how you can go from just another project sponsor ...
Efficiency is no more something that a company or organization strives towards. It is now accepted as a part of how a business process is created to run. Achieving better and higher levels of efficiency is what every business is now looking at. Every process, including production and manufacturing will have a certain level of inherent redundancy. While not readily apparent, they will always be in the system. Identifying these spillovers and redundancies is what ...
When you pitch an orchestra against a project for comparison, it's as if you are looking at the two ends of the spectrum - one involves creative expression and the other corporate humdrum. Even so, there are quite a few similarities between what it takes to leading the two. Let's take a look at what lessons a project sponsor can pick up from an orchestra conductor. Leadership A conductor is solely responsible for the interpretation ...