Projects are often considered completed and closed when established deliverables are achieved. However, the benefits of project are typically realized over time. That’s why realization of project benefits often gets...
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.
Writing a statement of work (SOW) is an arduous task, and many projects were failed because of too vague, broad or generic SOW. The failure to properly develop and execute a statement of work is also the reason why project parties end up in a dispute. Let’s try to understand what SOW means and how to develop it properly.
In Part I, three basic responsibilities of the risk management team have been listed and described. In Part II, the rest two responsibilities will be outlined.
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.
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