Writing a project report can seem like peering through the morning fog, into the unknown with no sense of direction. But there is a standard structure which, if followed, can pierce the veil and reveal the road to the destination. A project report has a 5 part structure: Executive Summary Introduction Main Body Statement of Problem Description of … [Read more...]
The PMBOK’s Monitor Stakeholder Engagement Process
Monitor Stakeholder Engagement is the 4th out of four processes within the Project Stakeholder Management knowledge area within the Project Management Body of Knowledge (PMBOK). It occurs within the Monitoring & Controlling process group. The inputs, tools & techniques, and outputs are as follows: Monitor Stakeholder Engagement is the process … [Read more...]
3 Types of Stakeholder Matrix
A stakeholder matrix is a project management tool used to analyze a project stakeholder to determine the actions which are necessary to align their goals with the project. There are several different types of stakeholder matrices: Power Interest matrix Stakeholder analysis matrix Stakeholder Engagement Assessment matrix Power-Interest Matrix In a … [Read more...]
How to Perform a Stakeholder Analysis
Stakeholders are to a project like players are to a team. Having the best players is one of the easiest ways to win the game, but strategy and tactics led by the coach (project manager) can go a long ways. Thus, successful projects know who their stakeholders are and what motivates them. That's where stakeholder analysis comes in. Stakeholder … [Read more...]
The Risk Management Approach in PRINCE2
Risk is defined as an uncertain event or condition that, if it occurs, has a positive or negative effect on a project's objectives. Simply put, it is the possibility of losing something of value. Projects have objectives, that is, a product or service that it needs to be produced, or a stakeholder it needs to satisfy. Risks events are those events that could … [Read more...]
Guide to Stakeholder Management
All projects have stakeholders. As a minimum, the project sponsor who initiated the project expects some type of deliverable. In addition, customers and end users are anxiously awaiting the completion of the product, and the project team is eager to use their skills to produce it. Hence, project success is largely defined by the stakeholders. The goal of … [Read more...]
12 Project Stakeholders (And What They Want)
All projects have stakeholders. As a minimum, the project sponsor who initiated the project is a stakeholder who expects a deliverable from the project. At first glance, the project's stakeholders might be obvious, for example a government approval, or an adjacent landowner that is affected by a construction project. But these main stakeholders are seldom the … [Read more...]
PMP vs PRINCE2 vs IPMA: The Three Main Certifications
Project management certification is a great way to make your career take off. Promotions, salary increases, and prestige are just some of the rewards waiting at the end of the journey, but not all certifications are equivalent. Hence, it's important to have a flight plan prior to spending many hours obtaining a certification you might regret. A pilot that's … [Read more...]
The 5 Main Roles of the Project Manager
Project managers have one of the most important jobs around. Projects usually make a one-time improvement to a business process, therefore the end products or services almost always represent an important focal point to the organization. In addition, projects are by definition unique and have little repetition to draw from, hence project managers have little choice but … [Read more...]
Is Room 873 of the Banff Springs Hotel Haunted?
I'm staying on the 8th floor of the Fairmont Banff Springs hotel. When I surfed the internet trying to learn about this gorgeous place, to my surprise I ended up finding gruesome ghost stories about Room 873 instead. It's just down the hall from us. In fact, we have to walk past it every time we want to get to the elevator. According to the internet legends, … [Read more...]