No project is immune to factors that may result in cost overrun – from a mistake made by a team member that will extend a project’s timeline to force-majeure events like pandemic or war. However, mos...
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In times of economic crisis, enterprises try to find ways to reduce their expenses and improve profitability to survive during tough times. However, some of the cost-saving measures they take can appe...
Estimation of project costs is one of the core practices of the project initiation stage, which becomes the basis for the approved project budget. However, the main challenge of this process is that i...
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 ...
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 ...
Modern project-based companies often face numerous challenges in coordinating multiple concurrent initiatives and resources involved in them. Moreover, the business environment quickly changes under c...
Today, you can hear about renewable energy from every corner of the Internet, and it’s no wonder why. Society grows, people become more conscious about environmental problems, as well as their impact ...
Project portfolio management (PPM) has developed significantly over the past few years and is expected to evolve even faster in the years ahead. What can portfolio managers expect in the near future? ...
Resources are everything that a company needs to complete a task or project and achieve its goals. It can be anything from people to funds, and when you have to deal with shared resources across multi...
Delivering projects for the sake of projects is no longer enough for business organizations these days. Every project executed should deliver value to the end customer and the organization. Value eng...
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 ...