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 ...

Managing a large portfolio of projects without the right structures and methodologies in your arsenal can be a big challenge. It’s not uncommon to see company resources overloaded, lead times increasi...

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...

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 ...

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 ...

Managing multiple projects and programs simultaneously becomes more and more challenging for modern companies. Especially for large enterprises running hundreds of projects, it is extremely hard to co...

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...

When an organization doesn’t have a clear way to prioritize projects in a large portfolio, either prioritization happens arbitrarily or every project seems equally important. This often leads to a cha...

Project portfolio management isn’t just focused on the day-to-day management of resources and project due dates. It also includes multiple analytical and prioritization aspects. Project portfolio opti...

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...

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 ...