The internal rate of return (IRR) of a project is the expected growth rate of a project investment. It can be compared to the rate of return obtained by investing the money in the stock market or in other projects. Organizations typically calculate IRR to make decisions between several investment alternatives. It is the discount that results in a net present … [Read more...]
Many projects require a presentation, whether at the beginning, end, or somewhere in the middle. Sometimes it is given to the managers or executives, sometimes to the project team, and sometimes to stakeholders who have a specific interest in the project. Project presentations can be very nerve racking and difficult for many people, but that doesn't mean they have … [Read more...]
The International Project Management Association (IPMA) provides an excellent standard for measuring project success. It's called the Project Excellence Model (PEM), and it establishes an analytical system of points for various categories. It is used in the selection of the IPMA Project Excellence Awards every year. It is documented within the Project … [Read more...]
Project management certification is one of the best ways to get ahead in your career. Certification gets you started on ladder to success, and the next rungs are promotions and salary increases. Although the first step is the most important, wise builders must make sure the ladder is positioned in the right place so that the destination is the right … [Read more...]
Project management certification can boost your job prospects, increase your salary, and get you a promotion. But it is important to choose the right certification, or you could end up spending alot of time and money only to be disappointed with the result. The International Project Management Association (IPMA) and PRINCE2 are two of the prominent certifications … [Read more...]
So you want to get certified as a project manager. The International Project Management Association (IPMA) maintains one of the three main project management certification schemes in the world. If IPMA is the route you wish to pursue, you must choose between four levels in the IPMA scheme: Level A (IPMA-A): Program manager, or a manager of multiple … [Read more...]
PRINCE2 and PMP (Project Management Professional) are the two main certifications for project managers in the world today. Although the certification bodies, Axelos and the Project Management Institute (PMI), tend to play friendly with each other, they are competitors. In most areas of the world, project management certification is a choice between these … [Read more...]
PRINCE2 is one of the world's most used project management methodologies, driving projects from infrastructure to I.T. Like the engine inside a car, it is the invisible, behind the component that ensures the project gets where it needs to go. But to get you to your destination it needs to be maintained and serviced, and project managers must maintain the method or … [Read more...]
PRINCE2 is one of the world's main project management methodologies. In PRINCE2, projects are divided into management stages. These stages represent distinct components which are managed individually. But what exactly is a management stage, and how does it work? A Stage is a Phase Projects must be broken down into phases to be manageable. PRINCE2 … [Read more...]
PRINCE2 is one of the main project management methodologies in use in the world today. PRINCE2 is built on the foundation of project roles. There are 9 roles outlined in the method, which all must be filled even if the same person fills multiple roles. These roles are: Executive Project Board Senior User Senior Supplier Project … [Read more...]
