In today’s fast-paced business world, making a compelling argument for your ideas can mean the difference between stagnation and success. Whether you’re pitching a new project, seeking investment, or driving organizational change, a well-crafted business case is your blueprint for winning support. But what makes a business case truly effective? It’s not just about … [Read more...]
Imagine this: your biggest project just imploded, your team’s scrambling, and your boss is screaming about a $50,000 mistake—all because you patched a leak only to discover a gaping hole. Sound familiar? Most people treat problems like whack-a-mole, smashing symptoms while the real disaster festers below. Sometimes there are several major, competing underlying … [Read more...]
A project feasibility study is a report that investigates the viability of a project. It seeks to provide its stakeholders with an analysis that results in a go/no-go decision. Feasibility studies are performed in a variety of industries. They are prominent in the oil & gas, mining, or renewable energy industries, or in the manufacturing industry for new plant … [Read more...]
A cost benefit analysis is a project selection method in which a common metric is used to compare a project's costs and the benefits it provides. It is used in public projects (like road building) or projects where the end product is not purely monetary. The cost benefit analysis is performed by computing the net present value of the project with the net present value … [Read more...]
Many projects have a long list of requirements, from product features to design standards to quality metrics. Each of these requirements originated from a stakeholder, manager, or company policy. To make matters difficult, the stakeholder often can't even articulate their requirements or how they would like it implemented into a solution, or company policies … [Read more...]
In the engineering business, project quality is important. I've seen many projects that did everything right, but derailed based on one single issue the project team overlooked. Don't let that happen to you. The Project Management Institute (PMI) identifies project quality planning as the first of three steps to effective project quality management. In this post, I … [Read more...]
