Three Must-Have Vantage Points For Program Visibility
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by Jeff Collins
The following blog is from our popular ebook, “10 Quick Tips for Better Project Performance through Risk and Schedule Management.” Program visibility is a key ingredient to successful project portfolio management. Program visibility refers to ensuring everyone involved is aware of objectives and strategy risks, and that everyone feels involved in the project management and…
Read moreThe Top 7 Project Management Phrases
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by Joe Somerville
New tools in project management can appear complex and unusable. However, project dashboard reporting stands out as one of the quickest, most effective ways of adding value to your project team and your organization. Check out some of the reasons why project dashboard reporting tools are becoming one of the most valuable assets of modern…
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The Top 10 Oil and Gas Industry Twitter Accounts to Follow
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by Jeff Collins
Twitter is becoming the go-to news source for just about every industry. So it should come as no surprise that oil and gas industry news leaders are taking advantage of the site to share the latest news, facts and updates. We browsed through pages of oil and gas industry Twitter accounts to compile this list…
Read moreThe Six Key Drivers Of Successful Project Management
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by Innovative Management Solutions
Today’s fiercely competitive business environments are ever changing. Couple this corporate atmosphere with the current economic roller coaster and organizations are faced with a myriad of challenges driven by regulatory revisions and logistical restructuring. Adapting to this environment and developing methods to face the opportunities and challenges it presents has become a vital necessity for…
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The Most Important Steps To Creating A Project Budget
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by Joe Somerville
As a project manager, one of your most important jobs is and will always be creating a project budget. Without a budget that is as accurate as possible at the outset of the process, you don’t just lack the necessary tools that you need to see a project through to completion – you essentially lack…
Read moreThe Most Important Steps for Estimating a Project
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by Joe Somerville
In project management, the most carefully laid plans can be disastrous without an accurate, initial estimate. However, estimate procedures vary heavily from project to project. Fortunately, you can minimize errors in project estimation by following these steps. 1. Determine the Needed Accuracy of the Estimate. Accuracy is highly subject to the type of project. Some…
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The Most Important Project Management Analytics You Should Constantly Track
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by Jeff Collins
Analytics have become a major part of modern project management. They are used in virtually every process, and your project management software should be capable of detailing information regarding the different types of analytics being used in your project. However, there can be many different types of analytics, and you need to know which are…
Read moreThe Most Common Project Risks in the Oil and Gas Industry
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by Jeff Collins
Risk management makes up a vital part of effective risk management. However, risk management programs may vary greatly from project to project. Unfortunately, some industries, such as the oil and gas industry, may be prone to the recurrence of specific risks prior to, throughout, and after a project. Furthermore, projects in the oil and gas…
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The Main Steps to Effectively Executing a Project
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by Joe Somerville
Successful execution of your project requires attention to detail, insight into possible changes in project scope, and management of tasks on a large and small scale. These three factors can be broken down into hundreds of individual steps. However, these steps to effective project execution can the categorized into five main steps. Main Step to…
Read moreThe Key Indicators Your Project Is Failing
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by Jeff Collins
Project managers want to see their project succeed and benefit society. However, some projects will fail, and project managers understand this paradox of failure versus success. Yet, identifying the indicators of potential failure can be the defining step between project success and failure. If you notice any of the following events, your project could be…
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The Importance of Construction Project Management
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by Jeff Collins
Project management isn’t a simple task – and it becomes even more complicated when there are dozens of firms involved in the construction process and two state governments. Those looking for an example of the costs of poor construction management need look no further than the newly constructed World Trade Center One in New York City; and…
Read moreThe Importance of Communicating Project Risk
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by Jeff Collins
Try as hard as you’d like, but project risk is something that you just aren’t going to be able to eliminate 100%. Projects are huge undertakings with a large number of moving parts – at any given moment, there are a huge number of things that can potentially go wrong. The key to successful project…
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