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 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.
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.
In this guide, we will look at the essentials of project management time estimation. First, we will define project duration and how to estimate it. Then, we will take a look at the importance of project time estimation. We will also delve deeper into techniques used to measure and estimate project duration.
In the broadest sense, value management defines a process of delivering some benefit to a client. When we talk about project implementation, delivery of expected results, and organization of activities, value management concerns the benefits the customer derives from successfully implementing a given project.
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