Project Appraisal: Definition, Process, Steps, Tools
project appraisal management serves as the major process of analyzing and approving the project. In this article, I am going to write about the project appraisal process and its key steps.
Author: Eric Morkovich
Project Records Management in Three Essential Steps
Managing records on a project is an essential activity that makes it possible to handle and use project documentation in the way that ensure smooth capturing of documents and papers by seniors, team members, and other stakeholders. Being a part of overall project document management, records management allows a project manager to direct and control document flows throughout the project lifecycle while ensuring that every single document or record serves the operational needs and helps teams capture and retrieve necessary information. It creates a framework for running project activities and procedures and paves the way for analysis, lessons learned, historical reviews, etc.
The Project Sponsor Role – Selection and Appointment
The project sponsor role is defined as the range of duties and responsibilities allocated to an individual or a group within the performing organization to provide necessary financial resources and ensure that the project is successful at the business or organizational level. It is the role of the project manager’s boss.
In this context, because the project sponsor role bring a significant value to project success, it is vital to understand selection and allocation of the role. The sponsor is an individual or a group who acts at the senior management level to be as an advocate for the project and ensure that the project delivers the desired business outcomes, under the allocated resources. The sponsor provides internal political support and ensures right prioritization of available funds and resources.
Project Sponsorship: Definition, Relationships, Pitfalls
I’ve decided to write an overview of project sponsorship to help you and other managers to explore the definition and role of the project sponsor and identity the key duties and responsibilities. This article is first and describes the definition, relationships and pitfalls of project sponsoring. I plan to write a series of articles about project sponsorship. Please keep track of the website updates to read all the articles about this topic.
Business Decision Making Checklist
Business decision making is a strategically important process that requires business planners to consider a number of factors influencing the final decision. A convenient tool for making efficient judgements and considering available solutions is the business decision making checklist. In this article we will describe the key steps for making better business decisions. It will be helpful for business owners, analysts, managers and planners who need to take action and develop effective solutions.
