Keeping your employees engaged and on task is, well, no easy task. They say one bad apple can spoil the whole bunch—and it’s true. A bad hire can cost your business valuable workplace productivity, not to mention nearly 20 percent…
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Effective process management is the backbone of successful project execution and operational efficiency. To streamline planning, execution and tracking, teams often rely on a suite of templates designed to simplify and standardize their workflows. Process management templates are ready-made tools…
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Before project management software, there were manual methods and traditional tools to plan, track and manage projects. This added time and effort, which exponentially grew with the size and complexity of the project. Paper-based planning, physical communication and manual resource…
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For any company to profit from a product, there must be a strategic plan in place to produce just enough to meet that need. Create too few products, and there’s a missed financial opportunity. Create too much, and money is…
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Projects are expensive. Project financing is how they acquire the funding to pay for the project. To understand this process, one must begin with the meaning of project financing and then work towards the various methods of getting it. We’ll…
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Whether it’s investors or customers, stakeholders are important to every project. But what is a stakeholder? There’s more than one answer to that question. Let’s take some time to define what a stakeholder is, examples of stakeholders and free stakeholder…
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Stakeholders are anyone who has a vested interest in the project. They can be internal, such as project managers, teams, owners or investors, or external, such as clients, customers or suppliers. There can be a lot of stakeholders in any…
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Project management has developed the means to increase the likelihood of successful completion. That starts by breaking a project down into project management phases. What are those project phases? We’ll define them in detail. This is a great opportunity for…
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The term stakeholder is familiar to those in project management. These are individuals, groups or organizations that have an interest in or are affected by the outcome of a project. However, not everyone understands that they can be broken down…
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Projects are delicate operations. There is so much that can impact them; a storm cutting off the supply chain, equipment failure or a labor dispute are merely three possible situations in a seemingly endless succession of risks. The risk response…
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Starting your projects in the right way makes it so much easier to manage your work and your team. While it’s tempting to dive straight in and get on with your tasks, it pays to take a bit of time…
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Goals are set easily enough, but reaching them takes work. Sometimes that work is falling short, and project teams need to figure out why and how to get back on pace to meet their goals. For that, they use something…
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There are many project risks that can affect your project and, as a project manager, you’re responsible for the risk analysis process. Risk analysis, or risk assessment, is essential because it allows project managers to classify project risks and determine…
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