Project management is a pragmatic process which involves efficient decision making. This means any right decision on whether to make a change to an existing business environment is made considering...
Category: PM Framework
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.
The philosophy of Lean project management teaches us to operate more efficiently by eliminating any defects and waste in products, services, inventory, processing, transportation etc. This philosophy becomes central for Agile software development and Six Sigma process improvement. The principles of Lean thinking and Kaizen management are indispensable for successful Six Sigma implementation. When combined with the DMAIC cycle, Lean-Kaizen contributes to easier identification and quicker resolution of project quality issues. In order to succeed at the largest scale, software development teams combine Agile incremental delivery with Lean-thinking project management.
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.
Right project scheduling makes it possible to determine when a planned activity is best to start and finish in terms of the resources and objectives this activity relates to. An accurate and complete schedule template captures durations, dependencies (predecessor tasks and their relationships), resource availability, and target completion date of the project, so it becomes easier for the team and other stakeholders to get a clear idea of what work items are to be done, in what sequence and when. The benefits of good scheduling can be also derived by the project manager who is enabled to review work progress, comply the activities with business policies, and reach efficiency in program management. Meanwhile, there are several common mistakes in scheduling that often cause project failure. Let’s find out more about the key benefits and mistakes.