MilestoneTask
Delivering Project Management Excellence
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 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
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 pmp certification provides numerous benefits. 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
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
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
Fundamentals of project planning and scheduling is a post highlighting the basic points that needs to be considered while developing a project schedule. Background One of my smooth progressing engineering project was suddenly jolted by numerous emails and phone calls from the project sponsor asking the management to expedite activities at site. The project was… Read More
