How to Make a Good Application Testing Plan for Your Project?

Application testing is a set of activities that every software developer undertakes through the use of scripts for finding errors and loopholes in the software. It is a detailed account outlining the test strategy, objectives, schedule, resources, estimation, and deliverables required for developing applications. An application testing plan is a blueprint of controlled and monitored activities conducted during software testing that helps in determining the effort required to establish the quality of applications.  Making an [...]

Kemira visualises project and resource planning using the Thinking Portfolio project portfolio

With the establishing of the new project template, Kemira’s IT and Operational Excellence Department made the joint decision that it was time to commission a tool to manage the project portfolio that would replace the Excel files and separate resource management application previously used.

How to Create a Realistic Project Schedule

Did you know that approximately 78 percent projects run behind schedule, deliver reduced functionality and surpass the budget which was agreed upon in the beginning? The reason behind this could be that the schedule for the project was created much earlier and did not have a lot of inputs. Hence it lacked direction. There is often some confusion between project management plan and project schedule. Here is some clarity: the project schedule is a part [...]

The 6 Secrets of Good Project Resource Management

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 [...]

How to Create a Realistic Project Schedule

Did you know that approximately 78 percent projects run behind schedule, deliver reduced functionality and surpass the budget which was agreed upon in the beginning? The reason behind this could be that the schedule for the project was created much earlier and did not have a lot of inputs. Hence it lacked direction. There is often some confusion between project management plan and project schedule. Here is some clarity: the project schedule is a part [...]

Weak Signals Before a Project Fails

Every project has an equal chance of failure or success. Which way it goes depends on a variety of factors and aspects. Employees, processes and leadership can all have a very big influence on how a project shapes up. When a project succeeds, it is important to evaluate why it worked, so you can replicate the success for later projects. In the same way, it is important to evaluate failed projects to understand what went [...]

Five Things Related to a Successful Project

Today, we'll be taking a look at traits and elements of successful projects. This should help project managers see if their projects are on the right track. Project team: Having the right resources working on a project will push the chances of it being successful and meeting the desired results. This is where it is crucial that the project manger chooses the right people for the team whether they are subject-matter experts, contract employees, or [...]

Project Management Office Work Rotation

Project management deals with a wide range of activities. When looked at closely, these activities can be set down as: planning, organizing, directing, staffing, controlling, monitoring, innovating, and budgeting. When we talk about work rotation in project management, it comes under the activity of staffing; which refers to selecting the right people for the job. When a company signs an engagement and works on the project details, it might require the expertise of multiple employees [...]

Top 6 Ideas for LEAN Project Management Model

Projects can turn into disasters even in the best of organizations. This can happen due to a wide variety of reasons that range from incomplete documentation to variation in the processes being carried out. Whatever the causes maybe, the end result is always the same; Employees get stressed and organizations lose a ton of money. Strangely enough, most projects do not begin this way, but changes tend to occur over a period of time. The [...]

The Hidden Value of Project Management Office

The efficiency of project portfolio management increases manifold when there is a dedicated project management office to oversee it. Most businesses know that for a fact. What many do not know are the hidden benefits of having a PMO in the organization. Here are 5 things that a dedicated project management office can offer to a business. PMO does more than management If you think that the project management office's role is all about policing [...]

What can Board of Directors benefit from Project Management Office (PMO)?

Project Management office is the workhorse that many IT firms are focusing on to cut costs, boost IT efficiency and ensure that projects are delivered on time and within a set budget. PMO trend has instilled a sense of discipline in the workings of the IT department. PMO provides the necessary structure to standardize project management policies and aid IT project management by determining work plans for processes that are repeated. Project expense has become [...]

How to Succeed in Internal Cross-Functional Development Projects

If your business is expanding, you may have to work on cross functioning development projects more often. In simple terms, a cross functional group can be defined as a team of professionals with different fields of expertise working together for a single goal. A cross functional group of professionals can include people from different departments including marketing, sales, finance, operations, human resources, or IT and can range from all employee levels within the organization. In [...]

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The Absolute Basics of Service Portfolio Management

A company’s service portfolio can be defined as a group of services that are listed in terms of their value for business. This portfolio can include everything from in-house services to outsourced ones. Service portfolio management is the process of managing and improving the business through careful assessment of quality requirements, associated costs as well as their changing financial value. The main goal of service portfolio management is to maximize the realization of value to [...]

Making Decisions Based on a Good Business Case

Any business must make a decision which will ultimately produce some kind of product that can be either goods or services. An important decision can affect the company, the products and its employees. Plant: The decision to invest in new factories, or in upgrading the present ones Products: The decision to start new lines People: The decision to invest in the form of development and training Most decisions are dependent upon its predictability. A distinction [...]

Optimizing the Use of Key Resources in a Project Portfolio

A project portfolio management system can help you prepare and achieve your objectives and increase chances of financial profits. With the right management system in place, you can remove a lot of the guesswork and ensure that your executives and management make the right decisions, whether planned or during an emergency. The idea of a project portfolio management is fairly new and there are several businesses who consider it to be confusing or complex. To [...]