Your Guide to Project Management Best Practices

Author: Daniel Linman

Risk Analysis Rornado Chart

PM Framework

CPM Project Risk Analysis by Simulation

Project risk analysis has always been as challenging and complicated as valuable and mission-critical. The information a team gathers while analyzing risks is valuable as long as it helps the team perceive true risk exposure and reduce the key drivers. The impact of uncertainties and risk events can jeopardize project schedule and push critical path completion dates out of alignment with project goals. A simulation-driven risk analysis in critical path management (CPM) gives the team a true sense of exposure. Risk models let ensure realistic CPM scheduling.

PM Tips & Ideas

Developing a More Realistic Project Schedule

Scheduling can make or break a project. While the success of a project management initiative depends greatly upon both adequate planning and efficient execution, realistic scheduling is sometimes underestimated. Some executives don’t consider the development of a realistic schedule as sound to success as it really is. Meanwhile, adding more accuracy and explicitness to the project schedule lets align the entire work with stakeholder expectations and accounts for true risk exposure.

PM Tips & Ideas

Avoid Inadequate Planning, the Primary Project Management Mistake

Inadequate planning is considered the number one mistake in project management. Many troubles can be prevented and tracked by effective and efficient planning. So this time I’m going to describe what primary mistake some executives make when trying to set up and handle their project initiatives.

The Role of Business Analysis in Project Management

Business & Finance

The Role of Business Analyst in Project Management

As a rule, the process of researching and analyzing the activities of a project for possible gaps in business requirements and inefficiencies in solution delivery is carried out by a professional (or an expert group) appointed to the role of business analyst. This professional contributes to solving the solution design and implementation issues in project management by providing expert advice, guidance and leadership to the project manager, team and other stakeholders. The business analyst takes ultimate responsibility for identify and solving problems affecting the business solution, and works closely with the project manager to analyze the existing business systems and make recommendations for improvement.

managing requirements in agile project

IT & Software

5 Best Practices for Managing Requirements in Agile Projects

Success of agile project management greatly depends on the approach to requirements specification which includes several best practices. The agile approach promotes a highly iterative, collaborative environment in which the team, project manager and senior stakeholders enjoy flexibility in addressing any inherent risks associated with managing requirements. An interesting feature of this approach is that a change to project requirements can be turned into a competitive advantage later on, as compared to the traditional approach which doesn’t ensure adaptability to the changing environment. In this article, I write about 5 best practices for managing requirements in agile projects.