Monitoring the likelihood of a project’s success as it evolves is crucial to being able to develop contingency plans and adapt to unforeseen circumstances. Such contingency plans often mean the difference between a project’s success or failure. There are two primary ways of accessing this risk of a project failing–quantitative and qualitative project risk management. Quantitative vs….
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After you identify project risks you need to analyze them to see which ones are important enough to manage. The most common form of analysis is called qualitative risk analysis. The risk level is referred to as “qualitative” since it is a quick approximation and does not reflect the rigor of a detailed, numerical analysis. The overall risk…
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Project management podcasts make excellent tools for improving your knowledge of project management, and listening to project management podcast can actually count towards professional development units. Obviously, the choices for podcasts are practically unlimited, but some of the best podcasts come from these five stations. Top 5 Project Management Podcasts 1. The Project Management Podcast The Project…
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Take a moment to think about all that goes into a project. There is a set scope, budget, schedule and timeline. More companies and project management professionals are continuously looking to cut costs and improve visibility. Risks may evolve into threats. Opportunities can evolve into big savings and better visibility. Or, they can result in…
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As a project manager, your responsibilities revolve around the creation and maintenance of your project schedule. Failure to maintain an accurate schedule can and often does lead to project failure. However, knowing the most common mistakes in Primavera P6 will help increase your productivity and decrease the incidence of problems. 1. Activity Dates Are Calculated…
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Strong project leaders can safeguard the success of various projects. Their skills and qualities outshine challenges in project management, and they understand how to convert leadership to action. Strong project leadership qualities define strong project leaders. Communication must be at the heart of all actions. And, project leaders must understand conflicts, confusion and dissatisfaction contribute…
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Those who have worked on major projects will understand the importance of staff augmentation services in getting the job done successfully. Implementing workplace change is always a challenge, often demanding some short- or mid-term help. Among the popular projects that benefit from additional trained staff are installing new IT or procedural systems, merger with and/or…
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Project Delays are an inherent part of any project. Project delays occur as a result of poor planning, inadequate communication, diminishing resources, and changes within the scope of project. Furthermore, project delays result in poor employee morale and reduce the vitality of your project management team. Fortunately, you can reduce the negative effects of project…
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Dealing with limited resources, particularly finite numbers of skilled workers, remains one of the key problems businesses face during expansion. In order to excel at project management, businesses need to take advantage of available staff augmentation services. Staff augmentation services refers to a temporary expansion of staff without the traditional standard of hiring for a…
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Project management offices (PMOs) of all sizes recognize the importance of visibility and adherence to project or portfolio deadlines and budget. Yet, today’s projects have increased in scope, duration and constraint. Meanwhile, the demand on PMOs to reduce costs continues, and project managers are often in the crossfire between stakeholders and team members. This is where Oracle…
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In the world of project management, success is not solely dependent on prior experience. Merit-based selection can also result in effective project managers who can excel in their roles. To become a highly effective project manager, it is crucial to develop a set of successful habits. In this blog post, we will explore five key…
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One of the most important characteristics that you can have as a project manager is a deep understanding of the fact that you can always be doing more. You can always adjust your leadership techniques to make communication easier, for example, or to help things go along faster or more efficiently in the future than it…
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