A common problem we used to have on many of our projects was with a certain regulatory body. They were very slow, and you never knew how long the project would be delayed before they even began their review. The frustrating thing wasn't even so much when they came back with required changes or additional information, but when they didn't! I mean, you'd wait an … [Read more...]
So you want to be certified as a project manager? Certification has many benefits, such as: Promotion Higher pay Recognition Whatever your reasons for pursuing certification, there are several different types of certification you could choose to achieve your goals. These fall into the following two basic categories: Project Manager. For the "full" … [Read more...]
In August 1805, Emperor Napoleon fought what was arguably the most important battle of his military career. In a brilliant display of strategy, he devised a system of matching his strongest soldiers with the enemy's weakest, in a move that students in military colleges still study today as the Ulm Manoeuvre. What business lessons can you learn from one of the … [Read more...]
There are three project management organizations who define the profession of project management: Project Management Institute (PMI) International Project Management Association (IPMA) Axelos Project Management Institute Based in the United States, the Project Management Institute is seen by some as the main official source for project management standards, … [Read more...]
The Program Evaluation and Review Technique (PERT) is an important step in project scheduling. PERT charts are a central part of any project management course. They are quick to draw and intuitive to use. How to Draw a PERT Chart There are two rules: Tasks (activities) are represented as arrows Milestone dates are nodes PERT charts are also called … [Read more...]
Project quality is a unique aspect of project management. The stakeholders are disappointed if the project does not meet the minimum quality standards, but achieving more than the standard is a waste of project resources and money. On top of that, the minimum quality standards are often difficult to define and subject to stakeholder whims, such as the tolerance levels … [Read more...]
Poor project cost management is one of the easiest ways to make a project go awry. Hence, good project management requires a firm grasp on the concepts and techniques in project budgeting and cost control. Thankfully, the Project Management Body of Knowledge (PMBOK) gives us a strong foundation in this area. Project Cost Management is the fourth of 10 project … [Read more...]
The real benefit of the earned value method is in the early warning signal it provides. In my previous life at a large engineering company, I saw many project managers get to a monthly billing cycle before they realized the project was behind, and even then they would rationalize it by deciding their project team was going to be more efficient in the next cycle. … [Read more...]
Getting an early indicator of deviations from the project plan can be a game changer for project managers. This is precisely the main benefit of the earned value method, and its diligent application can do wonders for a project manager's career. Planned Value, usually abbreviated as PV, is one of the fundamental inputs of the Earned Value Management System. … [Read more...]
The project manager is the ultimate responsible authority for the successful completion of the project. They establish the critical success factors and take responsibility for achieving them. Usually the project manager inherits criteria that the project must work with, such as budget, stakeholder concerns, and so forth. These are codified within the project charter … [Read more...]
