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Work Breakdown Structure (WBS): Top-down or Bottom-up?
Categories: Project Management ArticlesLearn more: Work Breakdown Structure (WBS): Top-down or Bottom-up?A work breakdown structure (WBS)is the key element to defining the project strategy. It is the foundational element of planning upon which everything else will be built, alongside the RACI, timeline, and project team. Let’s consider it the framework of the project. Getting the framework right is the first step in assuring you have the…
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How to Develop a Successful Project Team
Categories: Project Management ArticlesLearn more: How to Develop a Successful Project TeamBuilding your best team takes time and consideration. Every project is unique and requires expertise in many areas to pull it all together into a successful end goal and product that will make your company and any client proud. Make sure every seat at the project table is occupied with the best possible choice for…
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A Guide to Escalation in Project Management
Categories: Project Management ArticlesLearn more: A Guide to Escalation in Project ManagementWhile most project management plans have an escalation mechanism defined, very few project managers make use of the process. Many use avoidance tactics for fear of conflict. Others overreact to every problem that arises. Both of these approaches have negative effects on project success. Escalating an issue at the right time to the right person…
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Six Sigma vs. Total Quality Management: What are the differences?
Categories: Project Management ArticlesLearn more: Six Sigma vs. Total Quality Management: What are the differences?Six Sigma and total quality management (TQM) are both methods of process improvement, with enough similarity between the two that deciding which to use may be difficult. They are both highly effective systems for eliminating waste and preventing errors, but there are key differences to keep in mind. What Is Six Sigma? First introduced by…
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How to Delegate for Project Management
Categories: Project Management TrainingLearn more: How to Delegate for Project ManagementDelegation in project management is one of the most powerful ways to free up your time and energy to focus on what matters most. You’ll have more time for planning while providing growth opportunities for your team members. When you have good manager delegation skills, it can be an excellent way for your team to…
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What Is Stakeholder Analysis?
Categories: Project Management ArticlesLearn more: What Is Stakeholder Analysis?Recent research by KPMG International states that 55% of CEOs understand that their long-term success depends on more than financial growth. As a result, many of today’s business leaders look to their key stakeholders to identify their individual needs, gauge project performance, and fill-in the gaps as needed. But, how do you begin the process…
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What are the Components of Risk?
Categories: Project Management ArticlesLearn more: What are the Components of Risk?Every enterprise has to deal with some amount of risk. According to a recent study by PwC, 40% of executives cite cyber risks as their topmost concerns for today, but there are others, too. Talent retention, skyrocketing production costs, supply chain disruptions, and the current rate of inflation all present serious business risks. From a…
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The Project Baseline – A Project Management Definition
Categories: Project Management ArticlesLearn more: The Project Baseline – A Project Management DefinitionTo track a project’s progress and performance, it’s essential to have accurate benchmarks to measure against. That’s what project baselines are for. Here, we’ll cover what a project baseline is, its role in effective project management and change management, and the types of project baselines. What Is a Project Baseline? A project baseline is a…
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Project Office vs PMO: Definition & Purpose
Categories: Project Management ArticlesLearn more: Project Office vs PMO: Definition & PurposeProfessionals in the construction industry are familiar with the term project office. But it gets confusing when business media frequently mentions the term project management office (PMO). So what is a project office and how is it different from a PMO? This article explains what each is and explores the similarities and differences. Table of…
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IPECC Model in the PMBOK
Categories: Project Management ArticlesLearn more: IPECC Model in the PMBOKIPECC, in the PMBOK, stands for the collection of the five process groups: Initiating, Planning, Executing, Controlling, Closing. Initiating A project is found feasible, a project manager is selected, and the project charter is created. Planning Well, gee, I wonder what folks do in this process group? Yeah, they plan how the project should go.…
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