Understanding of Some Important Terminologies in Project Management

A project can be defined as a temporary endeavour undertaken to create a unique product or service***. This definition is given by Project Management Institute. Projects are different from other ongoing operations in an organization, because unlike operations, projects have a definite beginning and an end – they have a limited duration. Let’s look at some important part of definition. “Temporary Endeavour”, …

Communication in Project Management

Communication plays a critical role in project management. Project Manager spends 90% of his time on communication during project life cycle. There are various touch points of communication in projects. There are various stakeholder with whom communications is taking place on a project. Each Stakeholder’s needs of communication is different. Managing communication is nothing but …

Project Cost Management

Project Cost Management Cost management is the process of estimating, allocating, and controlling the costs in a project. It allows a business to predict coming expenses in order to reduce the chances of it going over budget. Projected costs are calculated during the planning phase of a project and must be approved before work begins.   This knowledge area provides. A frame …

Productivity Hacks

Don’t Try to Remember Everything It is difficult to keep everything in mind. It can be also source of confusion. It is important try to NOT remember everything as mind dispenses the least amount of energy in remembering tasks or even context. Always carry a note book and write it down. Put tasks in a …

Communication in Project Management

  Communication plays a critical role in project management. Project Manager spends 90% of his time on communication during project life cycle. There are various touch points of communication in projects. There are various stakeholder with whom communications is taking place on a project. Each Stakeholder’s needs of communication is different. Managing communication is nothing …

Scope Creep

Scope Creep   Changes are investable in project. Therefore some type of change control process is mandatory for every project.Control scope process ensures all recommended changes , corrective and preventives actions are processed through integrated change control process. Here, it is very important to know one term called “scope creep”.Uncontrolled expansion to project or product …

Mistakes and Reasons for Failures in Project Management

In many projects we encounter some Unfortunate Golden Rules. Some of them are listed below.   Unfortunate Golden Rules At the start of the project each one who is involved is very eager to join and work on the project. There is an emotional attachment and every one is very enthusiastic and aggressive. Every one …

Understanding of Some Important Terminologies in Project Management.

Understanding of Some Important Terminologies in Project Management. A project can be defined as a temporary endeavour undertaken to create a unique product or service***. This definition is given by Project Management Institute. Projects are different from other ongoing operations in an organization, because unlike operations, projects have a definite beginning and an end – …