Few things are as risky as construction projects. There is heavy equipment, crews working in precarious situations and complicated logistics, safety hazards and risk factors to manage. How do you meet your deadline while managing all that risk? The answer…
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To understand cost control, you must first understand why it is used: monitoring expenses and identifying risks to increase profits. Not to be confused with cost management, cost control has its own set of objectives that can save businesses money….
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Avoiding cost overrun is key to closing a successful project. The quality of deliverables and a timely execution can go out the window if the project is delivered over budget. Of course, it’s easy to say you’re going to keep…
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Risk is inherent in project management and so is the need to create a risk management plan to control it. That methodology is called risk management, which is as important as planning to make sure a project comes in on…
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All projects have risks, but not all risks are the same. Many potential risks can affect a project plan and you need to have a risk management process in place to manage them. This risk management process consists of risk…
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You identify them, record them, monitor them and plan for them: risks are an inherent part of every project. Some project risks are bound to become problem areas—like executing a project over the holidays and having to plan the project…
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Issues happen. And if you want your project to be a success, you need to have a plan in place to respond quickly and effectively to any issues that arise. These steps are part of a best practice issue management…
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Every project has its issues. Issues are problems that arise during the execution of the project. Plan as thoroughly as you like, you’re still going to face problems, even if you use project planning software. Problems during a project are…
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It’s a cliche to say nothing is constant but change, but cliches grow from truths. Project managers understand this and work hard to create change management plans that ensure their projects run smoothly. Project management software helps, too, but if…
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One thing is certain: change will happen in your organization or project. To best plan and respond to change, first, a clear definition of change management must be understood. What Is Change Management? Change management refers to the actions, tools…
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It’s not uncommon for organizations to have more plans than they have funds. That creates a dilemma: how to spend their budget. A capital improvement plan can guide an organization when it’s trying to figure out which large projects or…
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Key performance indicators (KPIs) provide projects with a lot of data. But to know whether those KPIs are on target requires more than just a gut feeling. You need a way to quickly and expertly evaluate whether project goals are…
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When you make something, you better ensure there’s nothing faulty about the product. If a customer buys your product and it doesn’t work, at best, you’ll lose a customer and at worst, you’ll be served with a lawsuit. Simply put,…
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