In project management, the project team is the component of the project organizational chart that carries out the project's technical work. The project team reports to the project manager. For small projects, the project team and the project manager can be the same person. But this does not mean the distinctly separate roles are not present. The main project … [Read more...]
Us humans are predisposed to want free stuff. In the universe of project management, where budgets are tight and timelines are tighter, there exists an underutilized resource that can significantly boost productivity, morale, and project outcomes: humanity's undying love for free stuff. Yes, you heard that right. The same principle that makes us dive into the depths … [Read more...]
Every project starts with a burst of enthusiasm. Team members are energized, ideas are flowing, and everything seems possible. This initial phase, often referred to as the "honeymoon period," is characterized by high motivation and productivity. However, as time progresses, this initial zeal can wane, leading to a period where productivity might not meet … [Read more...]
Lean Project Management is the application of lean concepts to project management methodologies. Lean is a method used in the manufacturing industry which results in significant increases in product quality and production efficiency. Project management, on the other hand, seeks to produce one single product or service (or just a few) while satisfying stakeholders and … [Read more...]
The Project Management Body of Knowledge (PMBOK) divides projects into five phases. Although the term 'phase' implies that they are carried out in chronological order, in practice they can be performed out of order. For example, when project changes occur the project manager would proceed back to the planning phase. For this reason they used to be called process … [Read more...]
The art of making a decision is a daily occurrence for most people, both at home and at work. We've all experienced projects where the best path forward is unclear, or there is no option without a major negative side effect. What does the science say about decision making that could help us? Decision making is the process of choosing a course of action from among … [Read more...]
In the realm of project management, Artificial Intelligence (AI) is not just knocking on the door; it's already inside, reshaping the landscape with every passing day. As we look into the future, the integration of AI into project management promises a seismic shift in how projects are planned, executed, and ultimately, how project managers perform their roles. Here's a … [Read more...]
Every project has distinct roles that must be fulfilled in order to function properly and provide the products or services it was intended to provide. As a minimum, it needs a project manager and a project team who does the work, although those roles could be fulfilled by the same person. It also needs a connection to the larger corporate body who ensures funding is … [Read more...]
Carpenters have hammers, plumbers have wrenches, and programmers have computers. But does a project manager have any tools which help them perform their work better, quicker, or cheaper? Absolutely! In fact, if you don't use these tools you will be at a serious disadvantage to other project managers. And if you do, your career will see an order of magnitude return … [Read more...]
How do large corporations make the decision to proceed with a project? What data or metrics do they consider prior to investing billions into a new plant, a new high rise condo, or major I.T. project? Capital budgeting refers to the financial modelling that evaluates the feasibility and compares potential project investments. At the end of the day, organizations … [Read more...]
