Your Guide to Project Management Best Practices

Author: Mary Levinson

Business Strategy by Predictive and Adaptive Project Management

Business & Finance

Business Strategy by Predictive and Adaptive Project Management

Organizations develop their business strategies along with their project management. Some companies accelerate strategic development by employing the predictive project management approach, trying to overlook and deliver the desired result. Other organizations prefer keeping their strategies adaptive to changes by using incremental project delivery. Each business should decide for itself which approach to employ. In this article I talk about how the types of business strategy are developed by predictive and adaptive project management.

Project KPI Hierarchy

PM Tips & Ideas

Use Project KPI Library to Improve Performance Analysis

As the discipline of project management intensively develops and today serves the key to business success, more and more organizations realize that extended knowledge of this discipline impacts their bottom line and exposes improvement areas in cost accounting and performance analysis. Companies use project performance analysis to discover and fix financial problems early, accurately account for business costs, and explore better ways to improve staff productivity. Project KPIs and metrics are used as the basis for effective business decision making. In order to succeed, each manager needs to use a project KPI library that makes performance analysis easier.

Project staffing plan

PM Framework

Defining Roles, Responsibilities and Skills in Project Staffing Plan

The purpose of a project staffing plan is to make certain that the project is provided with sufficient human resources that possess the talents, knowledge and experience required for successful work completion. Roles, responsibilities and skills are the key elements that compose the plan and thereby should be considered with great care. The following article provides common definitions of project role, responsibility and skill and briefly describes how to plan project staffing needs by considering these definitions.

PM Tips & Ideas

What is Procurement & How to Plan Project Purchases?

Traditionally, the objective of a well-planned procurement process in business is to acquire goods and services in response to internal needs. By accomplishing this objective companies streamline business activities, reduce cost of raw material, and practice better supply management. In terms of project management, the procuring activity involves exploring the most cost-effective way of providing project teams with needed products and services, within available funds and time frames. To recognize how this process can be planned out, first we must understand what procurement is about and what basic steps are involved in defining purchasing requirements for projects and identify potential sellers.

Project Time Tracking Tips

PM Tips & Ideas

Five Common Tips on Tracking Time in Projects

Time tracking is one of the biggest parts of a project manager’s job. Because time is critical to success, it needs to be tracked against the schedule throughout the entire project lifecycle until all scheduled activities are accomplished, the customer accepts the product, and all documentation is closed and archived. The project manager takes primary responsibility for monitoring schedule performance, making necessary adjustments, and taking corrective action. In this article I want to highlight 5 common tips on how to make time tracking in projects more effective.