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Project Management Foundational Elements is your gateway to mastering the essentials every successful project manager needs. Discover how to set clear goals, manage risks, and lead teams with confidence. Ready to transform your projects? Explore the blog posts now and start building your project success today!
Project management process groups are logical grouping of various project management processes. This grouping of processes helps to achieve a specific project objective. In fact, these five project management process groups accommodate 49 different project management processes. This blog post briefly describes the five project management process groups. Read More
Project Phase and Project Management Process Groups are often misunderstood terms. Project phase is a collection of logically related project activities that culminates in the completion of one or more deliverables. However, Process Groups are logical grouping of project management processes. This blog post describes the differences between the two terms. Read More
Net Present Value is a financial analysis technique that evaluates project profitability. It is a useful project selection technique. NPV project selection criteria falls under the classification of benefit measurement method. Further, NPV analysis uses discounted cash flow method to assess project profitability. In fact, major advantage of NPV method is that it uses time value of money. Read More
Project selection methods have a vital role during project initiating phase. In fact during the project selection process a project manager rarely has any involvement. However, knowing the essentials of the project selection process adds value to the overall project execution. Moreover, those aspiring for the pmp certification examination need to know the basics of project selection criteria. Read More
Project Manager (PM) often has to function without formal authority over the team. A PM is expected to produce results by working outside the hierarchical structural of the organisation and without any kind of authority within their realm of operations. Mostly a project manager does not conduct performance appraisal, offer rewards and incentives to his… Read More
Not all goes well while managing a project. Blog post project management pitfalls describes 10 critical aspects if overlooked could cost dearly to any project. Project Management Pitfalls Here is a list of project management pitfalls that can be avoided while executing a project. #1 Scope Management All projects whether small or large should have… Read More
