Your Guide to Project Management Best Practices

Category: PM Framework

PRINCE2 Training Courses – 5 Reasons to Study PRINCE2 Project Management Methodology

PM Framework

PRINCE2 Training Courses – 5 Reasons to Study PRINCE2 Project Management Methodology

For people looking for a project management methodology that could help successfully step through the project life cycle while focusing the project manager’s role on project delivery, PRINCE2 training courses are recommended by most PMPs (project management professionals) and also experts in the field of PM training. PRINCE2 project management methodology is one of the best ways to plan and manage any project regardless of project size or type.

PRINCE2 methodology: overview and qualification levels

PM Framework

Choosing between PRINCE2 Qualification Levels

PRINCE2 is a flexible traditional methodology of project management (PM) that can be applied to almost any projects regardless of their size and type. The methodology allows focusing on the several constraints (Cost, Time, Quality, etc.) to drive projects on schedule and succeed in benefits realization, while minimizing risks and ensuring acceptable quality. In this article, I talk about the PRINCE2 qualification levels and briefly describe each of the levels in order to help you choose between the levels. Hopefully my work will help you understand the methodology and the qualification levels.

prior to project initiation

PM Framework

Project Pre-Charter as a Sub-Phase of the Initiation Phase

The project initiation phase is the first phase within the project lifecycle to approve a project’s idea and make a foundation for planning the project. Usually this phase includes Project Pre-Charter which is a sub phase an organization goes through to decide whether to launch the project, what reasons for project initiation are and what form the project should take. The project pre-charter sub-phase is a step to be taken before the development of project charter. The project initiation phase consists of the pre-charter sub-phase and the charter phase. In this article, I will talk about the first sub-phase and my focus will be on the project pre-charter definition and tasks.

Cost Projection Statement and Analysis

PM Framework

Cost Projection Statement and Analysis

Stating cost projection is an activity carried out during the project initiation phase to identify costs for development, implementation and maintenance of the project. The analysis of costs is a tool of project cost planning and management to identify, estimate and describe total cost of project management initiative. Cost projection statement and analysis are required activities that allow making the project estimated and well-grounded in financial terms. Among other tools, cost projection estimates and spreadsheets are used to develop the project charter. They are developed with help of project costing software.

project risk analysis

PM Framework

Risk Analysis in Project Management

Perhaps, everything within a project involves a risk of some kind: changes in working environment, an increase of project costs, procurement issues, postponed delivery dates, etc. Risk analysis within the project initiation phase allows assessing all possible risks and making a decision on what actions can be taken to minimize disruptions to the statements of the initiation phase.Project risk analysis is the efficient way to ensure that strategies used to control project risks are cost-effective