Project Management Professional (PMP) certification is the largest and most well known project management designation with 650,000 people certified worldwide. Issued by the Project Management Institute (PMI) based in the United States, it gives you the initials "PMP" after your name. The PMI issues a PMP Handbook which lists all the details. The following … [Read more...]
Risk is inherent in all projects because projects, by definition, represent a one time improvement to an operational process. There is usually some sort of primary risk factor under which the project was defined, such as market risk for the development of a new product, or technical risk for an assembly line improvement project (will it speed up the line, etc?). After … [Read more...]
Could your projects use additional risk management? Experts agree that it is one of the most underutilized areas of project management. As project managers we like to think we know the primary risks to the project and know that we have them under control. But a small amount of risk management planning at the outset of every project will reap disproportionate dividends … [Read more...]
In its most basic form a project schedule is a list of tasks with assigned start and finish dates. It can also be a graphical bar chart produced with project management software or in a spreadsheet. In professional schedule development, a critical path analysis using a network diagram produces the critical path tasks and their floats. Since a graphical bar … [Read more...]
Project Management is a field that spans all other fields. Although it is true that the project management field contains its own body of knowledge (technical subject matter), you cannot simply pluck a project manager from, say, a construction site, and drop them into a biotechnology research project and expect to receive the same results. Thus, there is an important … [Read more...]
The way project managers define success is not always the same as the way the project sponsor does. In fact, it is a surprisingly common scenario that project managers think the project is going great because the variables they are concerned with are on track while being oblivious to an unhappy project sponsor that is focusing on other variables. For the project … [Read more...]
If you were the head of your state's department of transportation, how would you choose between the following expenditures? Repaving a road: A large, one time expenditure which eliminates smaller expenditures for a long time. Filling potholes: A small, one time expenditure which eliminates the need for re-paving today, but the big expenditure is still … [Read more...]
Studies show that over 85% of projects have a value below $100,000. These are projects where the bulk of the work happens within only a few weeks to a month. Because of their short duration, these types of projects have their own unique set of circumstances that warrant a slight adaptation of project management methodologies. Googling project management search terms … [Read more...]
Like termites that build their invisible kingdoms secretly and slowly, projects have a similar parasite that grows under the surface until it suddenly exposes itself with disastrous consequences. It's called scope creep, and it has eaten many projects alive. Scope creep is the unauthorized addition of tasks into a project. If the project manager is not on … [Read more...]
If your scope is pointed the wrong way, you're not going to hit the target! In fact, ineffective project control is one of the biggest sources of project distress. For this reason, one of the most important aspects of a project manager's job is controlling the boundaries of the project, that is, the tasks that are and aren't part of the project. If you want to have … [Read more...]
