Your Guide to Project Management Best Practices

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project risk analysis

PM Framework

Risk Analysis in Project Management

Perhaps, everything within a project involves a risk of some kind: changes in working environment, an increase of project costs, procurement issues, postponed delivery dates, etc. Risk analysis within the project initiation phase allows assessing all possible risks and making a decision on what actions can be taken to minimize disruptions to the statements of the initiation phase.Project risk analysis is the efficient way to ensure that strategies used to control project risks are cost-effective

The Concept of Feasibility Study in Project Planning

PM Framework

The Concept of Feasibility Study in Project Planning

Feasibility study is one of the basic concepts of successful project planning. It is used to determine whether a given project is appropriate for further development and delivery. In other words, project feasibility studies enable you to assess whether or not the ideas and findings behind your product or service can be shaped to be relevant, cost-effective and sustainable.

Business Case in Project Management: A Complete Guide

PM Framework

Business Case in Project Management: A Complete Guide

Business Case is one of the primary documents that allow summarizing the need for launching a project and analysing possible alternatives. Throughout the lifecycle of the project this document is used to show the project justification and reasonability. In the Initiation Phase, Business Case is used as a way for making decisions on initiating the project, setting primary goals and defining the cost-benefit ratio.

Project Plan Development – Three Easy Steps

PM Tips & Ideas

Project Plan Development – Three Easy Steps

Project plan development is one of the most critical activities within the project management lifecycle. It is the main part of the Planning Stage. The project manager takes the ultimate responsibility for creating a plan, which is a formal document showing the basis upon which to assess performance of the project and measure its results. Let’s review the major steps to develop a project plan in detail.

Team Conflict in Project Management: Definition, Classification, Resolution Process

Teamwork & Leadership

Team Conflict in Project Management: Definition, Classification, Resolution Process

Having the right understanding the defintion of team conflict and being able to classify all conflicts between employees into types will allow team leaders and managers to look into the actual reasons of group conflicts and find solutions that help resolve interpersonal problems. Although conflicts are inevitable, decision makers should strive to reduce the likelihood of conflict occurrence. They must mitigate the negative impact of group conflicts and try to increase the positive impact of those conflicts. This article describes the definition of team conflict and also lists types of team conflict.