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Agile Project Management: What is it and Why is it so Important?

Online PM Courses

It’s 7 years since the PMI introduced Agile into the 6th Edition of its Project Management Body of Knowledge. In the world of PRINCE2, we have PRINCE2 Agile. But there are still a lot of project professionals who are uncertain about ‘What is Agile Project Management? So what would you do?

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How to Create a Project Initiation Document (Template Included)

ProjectManager.com

What Is a Project Initiation Document (PID)? A project initiation document (PID) is used to define the project thoroughly. It’s similar to a project charter but more in-depth. It’s used primarily in PRINCE2 methodology, which is an acronym that stands for PRojects IN Controlled Environments.

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Project Cost Management – The Essential Things to Know and Do

Online PM Courses

Project Cost Management often puts people off. But there’s little your project sponsor, your client, or their Finance Director care about more than your budget and how closely you can stick to it. Project cost over-runs are common. The governance considerations for project cost management.

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The Best 53 Project Management Blogs You Should Be Reading

Paymo App

This is paired with other topics like project management, human resources, and time tracking to show teams and individuals how they can make the most of their work. Understanding Project Costs in a Simple Way. How To Estimate Projects: The Complete Guide To Project Budget & Cost Estimation.

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How to recruit an outstanding project manager (Part I)

Susanne Madsen

​ If you liked this post, you may also like: Project Leadership - 20 essential tips ​ Why do projects continue to fail - and what can we do about it? ​ If you liked this post, you may also like: Project Leadership - 20 essential tips ​ Why do projects continue to fail - and what can we do about it?

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The Complete Glossary of 614 Project Management Terms

Workamajig

Actual dates are different from planned or estimated dates. Actual Effort: The actual effort spent to complete the activity, as opposed to the planned or estimated effort. Actual Expenditure: The actual expenditure spent to complete the activity, as opposed to the planned or estimated expenditure.

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Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

What happens if you shift focus from "accurate estimation" to "reliably shipping by a date"? . If your project has no uncertainty, there is no need to estimate. Turns out in the real world there is no such project. All estimates have precision and accuracy. Accuracy - how close is the estimate to the actual value?

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