Your Guide to Project Management Best Practices

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.

PM Tips & Ideas

Creating a Unique Project Management Culture in 5 Steps

The art of project management grants companies the flexibility in decision making and job organization. There are many different approaches and methodologies that help organize personnel and teams in projects, so today businesses can set up and change their project management culture much easier than earlier.

Risk Analysis Rornado Chart

PM Framework

CPM Project Risk Analysis by Simulation

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.

PM Tips & Ideas

Developing a More Realistic Project Schedule

Scheduling can make or break a project. While the success of a project management initiative depends greatly upon both adequate planning and efficient execution, realistic scheduling is sometimes underestimated. Some executives don’t consider the development of a realistic schedule as sound to success as it really is. Meanwhile, adding more accuracy and explicitness to the project schedule lets align the entire work with stakeholder expectations and accounts for true risk exposure.

PM Tips & Ideas

Avoid Inadequate Planning, the Primary Project Management Mistake

Inadequate planning is considered the number one mistake in project management. Many troubles can be prevented and tracked by effective and efficient planning. So this time I’m going to describe what primary mistake some executives make when trying to set up and handle their project initiatives.