Implementing business process management (BPM) for your project or organization is associated with increased return on investment and maximizing the utilization of all resources. But, understanding the differences between types of ROI for your project can help you maximize your investments. This includes learning how to recognize the difference in benefit types. ROI types may…
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The field of project management is constantly changing. Today’s project managers must deal with increasingly complex systems, the nuances of managing remote projects and maintaining a strong level of communication with more stakeholders than ever. Rather than relying on age-old practices of team meetings and simplistic reports, a project management dashboard can help a project manager…
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Managing the training of your staff is not a simple task. Some project teams may consist of dozens of individual members, and these team members may be assigned to remote locations around the globe. However, providing project management training to your team is critical to ensuring a successful project outcome, and you need to know…
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The use of dashboarding is expanding, and more businesses are turning to dashboards to improve efficiency, reduce errors, and ensure the appropriate use of resources. Unfortunately, this has led to the creation of hundreds, if not thousands, of dashboards, and for those in project management, choosing the correct dashboard is crucial to success. Before selecting…
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If you’ve ever had to spearhead a project of considerable magnitude or complexity without the proper training, you understand the value of project management skills. Experienced managers realize the benefits of project management training. Most fervently push for budgeting to supply initial courses as well as continuous refresher courses. As explained below, adequate project management…
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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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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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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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