When you’re making a product, how do you ensure that all the desired capabilities are included in the final deliverable? That’s why a project requirements document (PRD) is so important. It communicates this information to everyone on the product team….
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Projects, whether they’re large or small, are journeys. Project managers are responsible for making sure those journeys go according to plan and to do so, they need to break down projects into phases so they’re easier to manage. A milestone…
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There’s a lot riding on what project your organization moves forward with, especially if you’re managing a program or portfolio. The investment of money, time and effort can be huge, not to mention determining where to allocate your resources. The…
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What are you going to put on your product roadmap? It’s not an easy question. Which product gets the green light? What features need priority? The RICE framework provides a scoring model for product managers when prioritizing roadmaps. RICE is…
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It’s easy to get lost in the weeds when you’re managing a project. There are day-to-day operations that the project manager obsesses over, but they also need to see the big picture. That’s why a business requirements document is so…
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As projects are all about the bottom line, you can imagine the importance of project profitability in project management. Being able to determine beforehand whether a project will turn a profit is how organizations can decide which projects to initiate…
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Requirements are the tasks that must be done in order to deliver a final project. That includes the features, functions and so forth. Tracing those features can ensure that none slip through the cracks, a process that’s best completed by…
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The better team members know their roles and responsibilities, the better a project will run. The last thing you want on a project is confusion, so communicating role distinctions early on in the project is crucial. A RACI chart allows…
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Every project, regardless of the industry, uses a methodology to estimate time and cost to better plan projects. In the life sciences, engineering and construction industries, the method often used is called parametric estimating. When dealing with a project that…
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Projects are planned and then life happens. Ideally, project managers know better than to execute their project plans without a performance measurement baseline. They need to know immediately if their team is on track or falling behind. Without that knowledge,…
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Products have a lifespan just like everything else. After they’re born, they develop, mature and eventually die. That journey is called product lifecycle management. Like any aspect of creating a product, it involves many processes. Product lifecycle management is the…
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In the world of planning, there’s no shortage of software offerings that allow you to plan and execute your project. Microsoft Planner in particular, which is included in the Microsoft 365 platform, is a major player in the project planning…
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Resource management tools are an essential part of any project management software. Every project has materials, tools, equipment, people or resources to manage. No matter how good your project plan is, if you can’t manage your resources, your project will…
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