Eric Morkovich | Your Guide to Project Management Best Practices - Part 16

Your Guide to Project Management Best Practices

Author: Eric Morkovich

Project Charter As Agreement Between Project Stakeholders

PM Tips & Ideas

Project Charter As Agreement Between Project Stakeholders

Project Charter is a primary document that states contains initial requirements for a project to meet the expectations of stakeholders. Formally, Project Charter is an agreement between an organization which is committed to producing a product/service and a customer which requests and receives the product/service. Practically, Project Charter is a planning tool that helps set obligations, rights and privileges for all groups and individual involved within a project.

how to achieve project goals

How-to Guides

How to Set and Achieve Goals of a Project

Many people involved in managing projects and setting project goals face one and the same difficulty that refers to proper goal setting and achieving. The difficulty is that people cannot realize what things within the project are really important; they may also have weak motivation goals; they do not plan for future activities and cannot forecast; they do not understand the importance of setting measurable goals of project; etc. The list of reasons for improper project goals setting can be supplemented with other reasons. If you want to learn how to set project goals properly in accordance with your expectations and how to achieve project management goals within expected deadlines, then read this interesting article.

the duties of a risk management team

PM Tips & Ideas

Top 5 Responsibilities of a Risk Management Team (Part I)

A risk management team (workgroup) is a separate and often independent unit within the project management team headed by the risk manager or the chief risk officer. It helps place a value on the project’s activities (such as procuring, communicating, controlling quality, staffing etc.), works out strategies to mitigate identified risks, applies risk management methodologies and risk analysis tools, and integrates insurance policies of treating prioritized threats with the project management team. The primary responsibility of the workgroup is to ensure that the project is provided with a complete risk management information system that ultimately determines how to control and oversee the project’s effectiveness and fulfillment. The team also approves risk management policies and defines their framework.