IT Procurement: Process, Strategy & Best Practices
IT procurement is how a company buys hardware, software, SaaS, cloud, and IT services. This guide covers the 7-step process, contract terms to negotiate, metrics, and a free checklist.
Tagged: process
Agile Modeling for Software Development Process
Agile modeling (AM) is one of the agile project management methodologies based on principles of model-driven development. Using agile modeling techniques and tools allows software developers to consider complex problems...
Boundaries, Deliverables and Requirements as Key Components of Project Scope
Development of project scope involves identification of the three key components, including deliverables, boundaries and requirements.
How to Estimate Project Costs and Prevent Overspending
What is project cost management? It is a suit of activities for estimating, allocating, and controlling costs within the project. Project cost management allows determining and approving budget for the project and controlling spending. For example, in construction project cost management it is vital to estimate cost of building materials, equipment, salary of workers. In IT project cost management it is critical to estimate cost of software development, salary of IT staff and developers. Effective project cost management allows each project to be specific and unique because that project entails costs and requires specific funding. However, no matter whether you lead a software development project (IT project cost management) or construction project (construction project cost management), you should consider project cost management as a process that consists of the three key steps.
Defining Risk Management Plan and Process Lifecycle
The gurus of project management point out that a sound risk management plan can decrease the rate of project failure by as much as 60-70 percent. Such a plan in combination with a well-defined risk management process will help the project manager and senior stakeholders to identify and solve most potential problems and also anticipate and respond to changes occurring throughout the project lifecycle. Planning for risk management appears to be critical to project success, allowing the team to prevent loss and avoid jerk reactions.
