Reduction of project costs and at least avoiding significant cost overruns is one of the high-priority tasks for a project manager, as it helps to avoid unnecessary expenses and significantly impacts ...
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What projects should you accept and which ones can you decline? Many companies take every project that comes their way, and that might be a good solution in some situations. But at some point, you’ll ...
Managing projects without the reliable performance data is like acting blindfold – you can’t be sure that the project remains on the right track. This is especially critical for complex multi-project ...
As business and project management become more and more complex, the requirements for PMOs also evolve. They should demonstrate their value to an organization. But how can you measure this value and e...
When managing a project, it’s vitally important to regularly monitor its state: whether or not it has deviated from the approved schedule and budget; how much work has been completed and how much is ...
Every project management activity doesn’t exist in isolation – they are all related to and dependent on each other, may have competing requirements and/or shared resources. And if there are multiple p...
When managing a project, it’s hardly possible to stick to the original plan without making any changes to it throughout the entire project lifecycle. In most cases, changes are inevitable and even nec...
If you’re engaged in project management or your occupation is somehow related to it, you should have an eye for project management terms. On the other hand, it’s quite difficult to retain all the defi...
Shipbuilding projects are extremely complex. But managing a portfolio of initiatives in this sector introduces a new level of difficulty – all of these complex projects share limited resources, infra...
Successful project completion is the main goal of project management efforts, but what does project success really mean? Delivering a project on time and within budget, you may think. Yes, but that’s ...
In a great number of modern companies, especially large enterprises, running multiple projects simultaneously is an ordinary practice and a part of their business strategy. However, managing such a bi...
Nowadays, running multiple projects simultaneously is an extremely challenging task. Successful management requires more than just coordination of projects, but also understanding the value that proje...