Many, if not most, project issues can be traced back to poor communication. Like an airplane with many parts, projects are an interconnected network of stakeholders attempting to accomplish a goal. If even the smallest part malfunctions during the flight, disaster can strike. Project communications management are the tasks that are performed to ensure that the … [Read more...]
Procurement can be one of the most challenging roads that the project manager must travel. The legal implications, documentation, and vendor and supplier management responsibilities can introduce speed bumps that can have a significant impact on project success. We know, because we've been there. In short, project procurement can make or break a project. In that … [Read more...]
In the bustling world of productivity, where deadlines often loom like ominous clouds, there exists a secret weapon, often underestimated but incredibly potent: Accountability. Imagine accountability as that friend who nudges you out of bed for a run or the one who keeps you from hitting the snooze button one too many times. Of course, you don't want to get out of bed … [Read more...]
Due to expertise or resource constraints, many projects require external resources to complete their work. These resources can come from either the project's parent organization or from external sources. But regardless of how they are obtained, project procurement is one of the most exciting areas of project management but also results in the biggest headeaches for the … [Read more...]
A Statement of Work (SOW) is a critical project management document that outlines the work required from external contractors, vendors, or suppliers. Whether embedded in a contract or issued as a standalone document, the Project Management Body of Knowledge (PMBOK) defines the SOW as the technical description of a project component’s work. It is generally interchangeable … [Read more...]
Top Down estimating is a project estimating technique whereby the overall project is estimated first, and individual tasks are apportioned from it. You start from the top of the pyramid and work downwards. This approach shines when budgets are fixed or scope must align with limited funding, a reality for most projects far from the lavish resources of King Tut’s … [Read more...]
Artificial Intelligence is the latest buzz word. In today’s rapidly evolving technological landscape, AI has the potential to revolutionize project management, offering project managers powerful tools to streamline processes, optimize costs, and ensure stakeholder satisfaction. AI's role extends from predictive analytics for better decision-making to automation in … [Read more...]
Stakeholders are the lifeblood of any project. From project inception through to completion, stakeholders contribute vital resources, insights, and support. Their engagement ensures that the project remains aligned with its goals and responsive to changes. Yet, stakeholders are as unique as the human race. Whether investors funding the project, community members … [Read more...]
All projects have stakeholders. Like any area of life, no projects exist inside of a bubble. Although some more than others, every project must have a project sponsor (as a minimum) who created the project and expects some sort of deliverable. But most projects have so diverse an array of stakeholders that they must maintain a list in order to manage their … [Read more...]
Effective project cost management is the cornerstone of successful project delivery, as mismanaging costs can swiftly derail even the most promising initiatives. Project costs encompass a complex interplay of resources, time, and effort, yet stakeholders often focus solely on the bottom line, forming quick judgments based on financial outcomes. To navigate this … [Read more...]
