How to Close a Project Properly

Properly closing a given project is very similar to many of the other processes which are commonly associated with project management. The reason I say this is because there are both outputs and inputs which are connected to the closing of the project, along with the tools and methods which are used to make sure it is done smoothly. Ending a Project Properly There are a number of inputs which are used in the closing of a project, and most of these inputs are utilized for the purpose of validating… Read More

Using the Gantt Chart for Project Management

What is the Gantt Chart? The Gantt Chart is basically a bar chart which is used in the field of project management for showcasing the project management schedule. A Gantt chart will generally showcase both the starting date for a project, as well as the end date, and it will also feature various elements which are connected to the project. Terminal elements typically featured on the Gantt chart, and summary elements may be added as well. These two elements are responsible for comprising the work breakdown structure for the project.… Read More

Software for Project Management

There are a variety of different software programs that are used in the field of project management, and they often fall under different categories. For example, some of the software which project managers and their teams may use include budget management software, scheduling software, and resource allocation software. These are just a few of the different software types which are used, and they are most often useful when it comes to handling large projects which are very complex. While project management software packages carry out a variety of different tasks,… Read More

Work Breakdown Structure (WBS)

No matter how well the PM plans out their project, in most situations, things will not go exactly as planned. The entire project team must take the time to develop the plan, and this task should not simply be left up to the project manager. What this ensures is that the experience of the entire team should always be considered, and each person must be committed and feel as though they have an ownership in the project. Having said that, one thing that good project teams should always consider developing… Read More

Risk Control Within Project Management

Studies have shown that when project managers take the time to incorporate risk management into their projects, the projects tend to become much more successful. As the name suggests, risk management involves the control of the various risk factors which are related to a project. It requires you to not only monitor the project, but take the time to review potential risks, as well as making crucial decisions which involve dealing with potential dangers to the project. The combination of risk management in conjunction with project management is quite new,… Read More

Projects Risk Analysis

Almost all businesses today involves certain degree of risk. Some of the risks that business owners face on a day-to-day basis includes changing trends, customer habits, or the appearance of fresh competitors. Evaluate the Risks for Your Project There are a number of things which could occur that are simply outside your control, things which could cause major delays when it comes to the completion of your project. Despite this, developing a risk evaluation and management system can allow you to fight against the unexpected. The reason for this is… Read More

Project Risk Management Process

Whenever an organization embarks on a project, there will be a variety of different threats that this project will face. Some of these will come in the form of circumstances which are unforseen, and they could cause the cost of time of the project to explode. While project managers and risk owners can take the time to address and alleviate as many potential risks as possible, the reality is that it is impossible to consider every possible scenario that could occur. While risk management is typically seen as a solution… Read More

Project Management Change Control

Change Control Overview In the world of project management, change control is best described as the process which is responsible for the management of change. The standard method which is used for managing the change within a typical PM project is called the Change Control form. When this form is used, it will basically be utilized for the purpose of comprising the scope of the change, as well as the impact which is made to the project. Once it has been approved, it will be placed within the project master… Read More

Project Plan Structuring Process

It is very important for the project manager to take the time to plan the project, and this includes the initiation as well as the specification phases. It will also be necessary for project managers to work with the stakeholders, not only for the initiation phases for the project, but also for the planning and specifications as well. It will first be necessary to offer a name for the project, a name that will act as a clear overview of it as well as its scope. It may also be… Read More

Project Management Structure and Variables

The Project Management Triangle The most basic structure for project management is called the PM triangle. As with any project that requires a group of humans to reach towards a goal, a project must be completed successfully under specific circumstances. While there are many circumstances or constraints that a project may face, three of the best known as cost, scope, and time. It is these three factors that form the structure of the PM triangle. When the constraints are refined to a much higher degree, performance can also be thought… Read More

Project Management Approach

A project is best described as an endeavor which is finite, one which is carried out so that either a product or service can be created. The reason why a project is described as being finite is because it differs from a process or permanent system, in which the goal is to repeatedly create a product for extended periods of time. The management for both is quite different. What is Project Management? Project management is the field that involves the planning and handling of resources that allows a team to… Read More

Creating Project Cost Estimates

For most projects, the highest costs will be connected to the team members. When you consider this, the wisest manner in which cost estimates should be made will be through the creation of a project schedule (via a program such as Microsoft Project), which has resource management functions that give you the ability to measure the different types and amounts of labor. When cost estimates are made for projects, they are usually accomplished through the sum of estimates for the separate elements which make up the project. The pieces could… Read More

Comparison Between SDLC Models

The SDLC, better known as the Software Development Life Cycle, is a term which is used to describe the development of software. In many cases, when companies and firms work with or develop new hardware, they will make the decision to outsource the work, and this will play an important role in the implementation of the software. The SDLC Models There are a number of different SDLC models available, and they are designed by experts who specialize in software development. Fresh SDLC models are being introduced all the time, and… Read More

Project Control Systems

To develop a deeper understanding of project management, it is first important to become familiar with project control systems. Project control could be thought of as an element within a project which is responsible for making sure it is on track, as well as on time and within the defined budget. Project control should start early on within the project, and it should only end once the project has gone through the implementation review. The Five Project Management Elements Traditionally, there are five methods which are associated with project management,… Read More

Project Manager

Who is the Project Manager? The Project Manager, also referred to as a PM for short, is an individual who works in the field of project management. Project Managers are often the heads of company or organizational projects, and they are responsible for the execution, planning, and the closing of a given project, especially those projects which are connected to computer networking, architecture, or the development of software. While these are the fields in which project managers are typically employed in, it is by no means an exhaustive list. Most… Read More