Team Acquisition – Hiring Right People for Projects
To run a winning sales campaign, grow market share, or do whatever else business project, many companies need to involve right people in their projects. Team acquisition is the logical...
Author: Daniel Linman
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.
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.
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 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.
