Your Guide to Project Management Best Practices

PRINCE2 activities

PM Framework

PRINCE2 Activities: Five Models of Managing Targeted Activities

The PRINCE2 methodology generates a range of activities to manage project constraints such as issues, risks, quality, business requirements, and so on. In order to plan and deliver a PRINCE2-driven project, the project manager needs to understand what activities to run and how they supposed to be managed. In this article we present five models of PRINCE2 activities. The models describe Business Case, Quality, Risks, Issues, and Work Done. The information in this article will help you better understand PRINCE2 activities.

buying a business franchise

Business & Finance

Buying a Franchise Business – The Pros and Cons

deliberate decision on buying a franchise business should be made considering all the pros and cons of the deal. The greatest advantage of franchising for the owner is the ability to bring independent retailers together through using one and the same brand name, model, and business concept. Buying a franchise business means participating in distributing products or services through retailing channels owned by independent operators. Franchising makes it possible for the franchisor to growth the business while minimizing investment activities.

PRINCE2 Project Management Methodology Overview

PM Framework

PRINCE2 Methodology Overview

The PRINCE2 methodology regards project management as a series of logical processes and procedures to create a well-controlled project environment. It provides a process-based approach that is applicable to all types of projects. Being originally developed in the United Kingdom as a standard of IT project management, today the method is widely used in many countries over the world because it provides the standardized suite of processes and procedures for safe, controlled and efficient planning and implementation of projects. Let’s learn more about the PRINCE2 methodology.

strategic business planning

Business & Finance

Strategic Business Planning and an Audit Checklist

The audit of the business management environment starts with investigating the foundation of any organization – strategic planning. Business strategic planning identifies what goals the organization is supposed to achieve and determines how it should act to reach the destination. Auditing strategic planning allows the auditor to get insight into the company’s top-level goals and expectations and then compare the current status of the goals with the plans. Below we present the definition and key elements of the strategic planning process and outline a list of questions for auditing the process.

idea protection checklist

Templates

A Checklist for Business Idea Protection

Having a truly original for your business is not enough for successful start of your company because there is a strong need to protect it. Business idea protection is a strategically important activity of efficient small business management that requires you to know how to protect a business idea and secure your intellectual property. If you don’t protect your idea, other people are likely to steal it from you and then your business won’t be unique and even not effective. Just imagine: you have invented a method for recycling and established a recycling company that today takes care of removing and recycling all the garbage from the streets of your city. But somehow your competitors have stolen your recycling technology and started using it. Now you are not so competitive as you were and you lose your money.