In order to understand cost control, you must first understand why it is used: monitoring expenses and identifying risks in order to increase profits. Not to be confused with cost management, cost control has its own set of objectives that…
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Projects don’t just happen. There’s a lot of work before they’re approved, and once they have been given the go-ahead, there’s even more planning and scheduling needed! How do you communicate that information with stakeholders and the team so they…
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A WBS dictionary is a complement to your WBS that conveys detailed info about each component. It’s one of the three pillars that support the project scope management in your project: the other two are a work breakdown structure (WBS)…
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A project list is the starting point for any project management process. They’re a great way to take what seems an insurmountable amount of disparate tasks and organize them. A project list can be as simple as a to-do list…
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A program is a collection of projects that relate to one another, and are therefore managed together in order to achieve maximum efficiencies. The advantages of managing these similar projects make them stand better together than by themselves. However, that…
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Before you start a project, you have to think about time. It’s the most important variable that can impact your plan. How can you get what you need to be done in the time you have to do it? To…
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In project management, a flow chart is a visual aid to understand the methodology you’re using to manage the project. The diagram shows the interdependent and parallel processes over the course of the project’s life cycle. Project managers use a…
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Meetings—there can be too many. Meetings are sometimes held to discuss when to meet: it can feel absurd. However, meetings are not some useless artifact from business past. They are an important means of communication. That’s why a planning meeting…
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Although the term “strategic initiative” might sound like inflated business jargon, it’s far from useless. A strategic initiative is a compass that guides businesses and targets future goals. It speaks to the PMI’s A Guide to the Project Management Body…
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Project management planning is made up of many parts. There’s the schedule, the stakeholder matrix, the managing of resources. Speaking of the latter, there’s the matter of how you’re going to procure resources that require vendors of goods and services….
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What Is a Gantt chart? A Gantt chart is a stacked bar chart that organizes the work activities of a project on a timeline that shows their duration, dependencies and allows project managers to assign them to their team members….
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It seems that people have been writing about planning for as long as people have been writing. No surprise there. No enterprise, whether it’s assembling the space shuttle or getting dinner on the table, is done well without a project…
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You’ve planned the project. You’ve assembled an able team. You’ve implemented. Now you can sit back and watch the process unfold. Planning is only the beginning. Things go wrong and things change. If you’re not able to respond quickly and…
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