It's not hard to find projects which were delivered on time and budget with stakeholders satisfied in every other respect except for the quality of the project's deliverables. Usually, this factor alone causes projects to be considered a failure. Thus, strong project management demands a strong knowledge of project quality management. But how do you ensure that the … [Read more...]
The Elements of a Project Charter
Before a project even begins, a project charter is a document that incorporates the project and appoints the project manager. Many projects operate without a project charter, even multimillion dollar projects. But the formal authorization of the project by the performing organization can be important to ensure the lines of authority are clear and identify what the … [Read more...]
Project Monitoring and Control
Just like a surgeon is always monitoring the vital signs of their patient, project managers need to monitor their projects to make sure they do not veer off the plan. If the data ever shows that the project is deviating from the plan, swift action is usually the best medicine. Luckily, project management fundamentals provide plenty of assistance to project managers to … [Read more...]
How to Close a Project
Although it is the phase of project management that is most often shortened (or skipped altogether) due to budget availability, project closure is also one of the most visible project phases to senior managers and executives. Virtually all projects need some sort of closure phase to finalize the project and prepare its data for future reference. Project Closure … [Read more...]
The Elements of Project Control
Assigning work is relatively easy, but how do you ensure that the deadlines will be met, the project will come in under budget, or that the quality level will be acceptable to the stakeholders? Fortunately, project management fundamentals contain techniques which are used to track and control the project. Earned Value Analysis Any discussion of project control … [Read more...]
5 Steps to Develop a Bulletproof Project Schedule
Project scheduling is the key to ensuring the original project plan and final project outcome are at least close enough to call the project a success. It's the map that guides the ship. Good project managers look at the schedule constantly, sometimes on a daily basis, and take the actions necessary to stay on track. Because the definition of a project requires it to … [Read more...]
25 Example Project Deliverables
Although it isn't in the dictionary, the project management industry uses the term deliverables almost daily. I, for one am tired of MS Word underlining it as a spelling mistake. Deliverables are the products, services, and results that a project produces. Thus, they are the cornerstone to project success. Every project has to produce something. If you don't have any … [Read more...]
The Critical Chain Method Explained
The Critical Chain Method is a relatively new concept in project management. It was developed and popularized by Dr. Elihayu M. Goldratt in his book Critical Chain (1997), which is written as a novel but outlines the methods used to ensure that projects complete on time. Critical Chain vs. Critical Path The Critical Chain method is similar to the Critical Path Method … [Read more...]
A Critical Path Method Example
When you, the project manager, need to make sure a project finishes on time, there is a science as well as an art form involved. But the science tends to enhance the art, in other words, if you know the science you will be that much better at practicing the art form. In yesterday's post we outlined the critical path method which is the professional project manager's … [Read more...]
How to Calculate Critical Path
Every profession has a unique way of thinking, a perspective that must be adopted to practice it well, and project management is no different. In this day of agile project management, critical paths are as important as ever. Yes, it's a hard number, that is, a calculation that results in a completion date for a set of tasks. But more than that it's also a mindset. … [Read more...]