The first step in a good risk management plan is the identification of risks. The other phases of project risk management are built on this foundation. It involves developing a list of the potential risks to a project, which is called a Risk Register. A good risk register might have the following six columns: Name/Description of risk … [Read more...]
Planning is the single most important thing a project manager can do to ensure a successful project that meets its goals. The Project Management Institute suggests that planning should ideally consist of about 20 – 30% of the time required to perform the project work. This is substantially more than most project managers actually spend on project planning. … [Read more...]
The foundation for project management theory is called process groups. Although relegated to one of many project 'models' in the PMBOK version 7, it is a well established sequence of events which guides the project life cycle as a whole, as well as each iteration within the project. They are not project phases, although phases often result in the full cycle of … [Read more...]
Managing projects is like steering a ship. When the wind or sea conditions are rough, experienced helmsman use their keen sense of how the ship will react to keep it moving in the right direction. Because the ship doesn't react right away, the helmsman must anticipate the delay between turning the ship's wheel and the reaction of the ship. The destination is … [Read more...]
Controlling the quality of a project’s deliverables can be the silver bullet that makes everything else feel easy. Unfortunately, it’s often easier said than done but there are tried and true techniques that help you get there. On the flip side, a single poor quality deliverable can create a cycle of low performance, whereby an environment is created where quality … [Read more...]
The American Society for Quality (ASQ) suggests that the Cost of Quality is usually around 15 - 20% of sales, often as high as 40% in some organizations. Clearly, you need to know what that means and how to prevent errors and omissions from hurting your business. Cost of Quality (COQ) is a measure of the cost an organization faces due to the production of substandard … [Read more...]
Everybody has stories of quality problems and the anxiety they cause. The assembly line is down, or a customer complained about the product, or the report missed an important element, in that moment the only thing that matters is that someone didn't achieve the quality expectations. Believe it or not, the presence of defective products is not always a bad … [Read more...]
A Project Deliverable is a product or service that a project produces for its customer, client, or project sponsor. It is the product or service that the project "delivers" to its stakeholders. It can be tangible or intangible, for example, a contractor who is hired to provide a training course provides the course itself back to their client as the project's … [Read more...]
Breaking a project into manageable parts is one of the most foundational parts of project management. Megaprojects like highrise buildings and airports get managed in phases and tasks, so the same level of expertise would probably add value to most small projects. Virtually every other aspect of project management is built upon this foundation, so it should not be … [Read more...]
With little exception, missing deadlines reflects poorly on the project manager and sometimes has financial consequences too. Because projects are by definition temporary, someone has authorized the project and expects its deliverables in a timely fashion. To meet the deadlines, a schedule management plan is produced which is a subset of the project management … [Read more...]
