Top Risk Management Tools for Project Managers
Risk is a part of every project that an organization takes on. If companies do not take risks as a part of their Project Management strategy, they become more likely to miss their project...
What is Business Value: Definition, Components, and Strategies
The well-being and health of a business are the estimation that is the business value. It constitutes all the aspects of the business that directly affect the valuation. Moreover, it encompasses the necessary shortcomings...
Mastering Sequence Activities in Project Management
A project manager is liable for the complete development of the project. By incorporating planning and aligning the objectives of the project, the process functions smoothly. Consequently, the reason for a project failure is...
Understanding the Precedence Diagramming Method (PDM)
With many complex responsibilities involved in handling a project, Project Management as a task has become even more challenging. The tools to assist that help accomplish the project and execute the duties and supporting...
Who Are Project Stakeholders and Why They Matter
Stakeholders are critical to any project's ecosystem, influencing its direction and success. A project stakeholder refers to an individual, group, or organization that can impact or be impacted by a project's decisions, activities, or...
Understanding Project-Based Organizational Structure
According to PMBOK®, Project-based organizations (PBOs) refer to various organizational forms that create temporary systems for carrying out their work. Businesses that need and expect fast innovation are most likely to be suited to...
Understanding Essential Project Management Activities
Project Management dates back to the 19th century. Today every organization has realized the benefits of organizing the tasks in the project. Project managers have started identifying the need to communicate and coordinate work...
Understanding Project Management vs Operations Management
Table of Contents:
Introduction
What is Operations Management?
What is Project Management?
The Connection Between Operations Management and Project Management
Operations Management vs Project Management: Differences
Project Management vs Operations Management: Similarities
Conclusion
Introduction
With operational...
7 Project Management Phrases You Should Know for Success
Excellent communication is an integral part of project management. You have to be a good speaker if you want to be a good project manager. Not only that, as a project manager what you...
5 Proven Risk Mitigation Strategies in Project Management
There are new risks associated with each new project in an organization. Lack of a robust risk mitigation strategies make these risks present throughout the project lifecycle and can really slow down the entire...
