Project Selection Methods Top 5 Criteria

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

Earned Value Management Challenges

Earned value management system is a robust methodology to integrate schedule, scope, and cost baselines of a project. EVM is an analytical tool that also uses variances to track schedule and cost performance of a project. It further uses efficiency indicators to forecast project health. Though EVM analysis offers numerous benefits, implementing this technique offers some challenges. Read More

Wrong Cost Estimates Implications Solutions

During project execution most of us have dealt with the issue of wrong cost estimates. This issue becomes a serious concern especially when you are working on a fixed price contract, these contracts pose a great risk to project margin as the team must work with zero escalation of costs until the delivery of the project. Wrong cost estimates adversely affect project margin and surface only during later stages. Read More

PMP Certification Benefits

PMP is an abbreviation for Project Management Professional, it is a professional certification offered by a not-for-profit professional membership association for the project, program and portfolio profession called Project Management Institute (PMI) based at Pennsylvania, USA. According to the May 2017 edition of PMI Today, PMI has 286 chapters, is spread in 208 countries and has 484,524 members. Read More

PMP Certification Application Process

Project management professionals engaged in managing projects big or small, simple or complex have a desire to attain the PMP certification. PMI Today May 2017 edition puts the total active holders of PMP credential to 761,905. It not only showcases that the project manger has a deep insight of the subject matter but also helps in smooth delivery of the projects hence the pmpĀ certification provides numerous benefits. Read More

12 Essentials for a Project Manager

Project Manager often has to function without formal authority over the team. A project manager 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

Matrix Organization Structure Disadvantages

Matrix Organization Structure Theoretically, we have three main types of project organizations viz; functional, projectized, and matrix organization structure. The matrix organization structure has been further subdivided into weak and strong matrix. Irrespective of the nomenclature, the problems faced while working in matrix organization structure remains the same. Matrix Organization Structure Disadvantages The most serious… Read More