Studies show that over 85% of projects have a value below $100,000. These are projects where the bulk of the work happens within only a few weeks to a month. Because of their short duration, these types of projects have their own unique set of circumstances that warrant a slight adaptation of project management methodologies. Googling project management … [Read more...]
A project manager that fails to allocate project resources is like a carpenter without a hammer. That's why estimating task resources is an integral step in project planning. It also happens to be one of the most fundamental aspects of project management, one of the steps that the project manager utilizes on a day to day basis. Types of Resources Each task on … [Read more...]
If you were the head of your state's department of transportation, how would you choose between the following expenditures? Repaving a road: A large, one time expenditure which eliminates smaller expenditures for a long time. Filling potholes: A small, one time expenditure which eliminates the need for re-paving today, but the big expenditure is still … [Read more...]
Like many things in life, project management is an art form as well as a science. But fortunately also like most things in life, a strong knowledge of the science helps you practice the art form with considerably more skill. Some people are naturally good at the art side of things, and if that's you then excellent. But even it's not I believe that most people can become … [Read more...]
According to the Project Management Body of Knowledge (PMBOK), projects are divided into five phases. These phases are: Initiating. The project is authorized, funded and defined. This phase occurs on the organizational level (i.e. above the project). The organization defines a business need the project is meant to satisfy. Planning. The project manager develops … [Read more...]
Project Management is a unique field in that people generally don't choose it as an initial career path. They enter via the back door through a technical field, or they want to learn project management theory with the goal of advancing into the role. For this reason, many people who practice project management are not well equipped with project management … [Read more...]
Project planning is immensely underrated. Everyone has a story of how they could have planned better to avoid a disaster, even if they didn’t look back and realise it. 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 … [Read more...]
According to the Project Management Body of Knowledge, the foundation of project management rests upon the five phases that every project goes through: Initiating. The tasks required to authorize, fund and define the project, generally on the organizational level (above the project). The organization defines a business need and commissions the project to meet … [Read more...]
When I was a junior engineer I was part of a project where the project manager's communication skills were so bad, people were afraid to talk to him. If at all possible, you tried to deal with issues yourself, because if the corner office had to manage something the client wasn't likely to be pleased with the outcome. Do you know someone like that? Now, nobody can … [Read more...]
