Tagged: benefits

managing project resources

Project Resource Management Software – The Meaning and Benefits

Managing project resources is one of the critical management activities aimed at finding the balanced allocation and levelling of available project resources and optimizing resource utilization and consumption. The project resource management process focuses on planning, scheduling and allocating resources required for initiating and executing a project and its phases. Usually this process is successfully implemented with help of project resource management software which allows using spreadsheets, estimates, templates, to-do lists and reports to plan and utilize project resources.
What is Project Resource Management Software?

It is a computer program to simplify planning and using of resources by providing tools for achieving the balance between project resource requirements, schedules, availability, and optimization opportunities. Project resource management tools allow managing what, where and when a resource should be available and utilized to achieve the optimum project outcome.

pm mentoring

PM Mentoring – The Importance of Project Staff Training

Perhaps you can hardly find organizations that do not try to follow the practice of successful project management mentoring and project staff training, because the modern competitive environment dictates to business organizations to have educated and skilled employees who can do daily tasks and perform projects with less time and money consumed. Through practising project management mentoring and training, any organization can direct and coordinate its human and material resources throughout the project life-cycle to accomplish established goals within the scope, expected quality, time and budget, while meeting expectations of the stakeholders. Excellence in planning and implementing projects will be achieved if the organization owns training personnel that has earned online project management certifications and accomplished project management certificate programs. In this article I would like to describe a definition of project management mentoring and list its benefits so that you would see the importance of project staff mentoring.

Scrum PM method

Scrum – Defining the Agile Methodology and Its Benefits

In simple terms, Scrum is an Agile methodology to project management. In the literature on Agile project management and development, Scrum methodology is often called “Scrum approach” or “Scrum method“. Personally I prefer using the term “Scrum methodology” – meanwhile any of the terms is correct and can be equally used to describe Scrum requirements and the basic concept.

If being more precise, Scrum methodology for project management refers to a team-based collaborative approach to iterative and incremental development of projects (often IT projects) to create a product during small cycles called iterations and to increase functionality of the product during each iteration by adding new properties. The method lets build a project team that includes such roles as Product Owner, Scrum Master and Scrum Team. Each of the roles has different Scrum tasks and operations to perform.

Value Management in Projects

Value Management in Projects – Definition and Goals

In the broadest sense, value is some benefit delivered to a client. When we talk about project implementation, delivery of project results and organization of value management activities, value concerns the benefits that are derived by the customer from the successful implementation of a given project. When the project brings some value, it is worth implementing and can be qualified in business terms. The customer gets the benefit and the performing organization (which implements the project) receives some business profit.

Let’s see an example. Activities for creating a better working environment and improving skills and competencies of customer support staff can be organized into a single project that should deliver 1) some value to the customer and 2) some business profit to the organization. The value is that customers receive better support service (the benefit) because the number of requests satisfied is increased. The business profit is that the organization gets more loyal customers and earns better reputation because the customers are satisfied and ready to purchase more products or order new services.

That is all briefly about value and project management. Now let’s review value management definition and see the goals of the value management concept.