ProjectManager.com

NOVEMBER 18, 2024

In this blog, we’ll explore the most important project management key performance indicators, commonly referred to as project management KPIs or simply project KPIs and the benefits of using them during the project life cycle.

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Project Risk Coach

MARCH 28, 2023

It involves identifying potential risks that could impact the success of a project and developing strategies to manage those risks. By identifying and addressing potential threats and opportunities early on in the project life cycle, project managers can reduce the negative impacts and increase the positive impacts on project outcomes.

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ProjectManager.com

JANUARY 27, 2023

Let’s learn what is project risk, some common examples and how can you manage it. What Is Project Risk? A risk is an uncertain event or condition that can have affect the outcome of a project. The term “project risk” refers to the sum of all individual project risks that might affect a project.

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Rebel’s Guide to PM

MARCH 18, 2021

In project management, artifacts relate to documents: the project documentation you produce that defines and supports the work you are doing. As you’re probably realizing by now, as the docs are created and updated throughout the life cycle, the idea of project management artifacts by phase isn’t really very accurate.

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ProjectManager.com

SEPTEMBER 9, 2021

Resource constraints are roadblocks that can derail your project and prevent successful delivery. Constraints impact every aspect of the project life cycle. In fact, the most common constraints in project management are referred to as the triple constraint ; time, cost and scope.

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ProjectManager.com

JULY 5, 2022

Think of the business case as a document that is created during the project initiation phase but will be used as a reference throughout the project life cycle. For a more impactful project schedule, use a tool to make a Gantt chart , and print it out. Project Governance. Communication Plan.

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ProjectManager.com

SEPTEMBER 6, 2023

Developing a mobile application Creating a new software Adding new features, patch fixes and new version releases to an existing software Changing the UX of a software The Project Management Life Cycle As noted above, software project management differs from other types of project management in its deliverables.

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Rebel’s Guide to PM

MAY 3, 2022

How did this project come about? What are the project objectives? Reference the business case and any prior documentation. It’s always easier to reference other documents than try to reproduce them in here. Ideally you should list everything that is in the project scope in as much detail as you can.

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Project Risk Coach

AUGUST 30, 2021

Choose the right project life cycle When there is great uncertainty, project managers can improve their chance for success by taking an agile lifecycle rather than waterfall. Tom, an IT project manager, decided to have his project team create a billing system iteratively.

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ProjectManager.com

NOVEMBER 30, 2022

The creative brief is used to plan the project, define its objectives and keep everyone involved clear on what the project is about. It’s created at the beginning of the project but referred to throughout the project life cycle as a roadmap to keep everyone working together.

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Rebel’s Guide to PM

JULY 20, 2023

In project management, artifacts relate to documents, templates, outputs or a specific deliverable. Mostly, the term refers to the project documentation you produce that defines and supports the work you are doing. You create them when they are needed and refer to and update them as necessary. What is an artifact?

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ProjectManager.com

AUGUST 22, 2024

Having an owner makes sure that the action is managed and will not fall through the cracks of a busy project. During project meetings, refer to this list and check off those actions that have been completed to make sure there’s been follow-through. Issues Issues come up in a project, and each one needs to be identified here.

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ProjectManager.com

FEBRUARY 1, 2023

The project description can also go into planning, including the activities that the team will execute, the timeline and even the location of the project. The benefits of the project are also outlined in the project description. The project proposal will sometimes refer to the project description as an executive summary.

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ProjectManager.com

JULY 12, 2018

A project charter contains the preliminary roles and responsibilities of the project, including the goals and objectives, and the appointing of a project manager. It is used as a reference document as the project moves forward.

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ProjectManager.com

FEBRUARY 2, 2023

One thing is certain: change is going to happen in your organization or project. The term change management refers to the actions, tools and models implemented to manage different types of change either at the project or organizational level. What Is Change Management? This free template is ideal to get you started.

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ProjectManager.com

DECEMBER 9, 2019

But it’s important that you also have to understand what is meant by the word analyze in reference to project risk management. Though this process starts at the beginning of the project, it’s an iterative process and continues throughout the project life cycle. What Is Risk Management? Thanks for watching!

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MPUG

DECEMBER 5, 2022

An organization’s project governance framework provides project managers and teams with structure, knowledge base, support, and tools to for managing their projects. Project governance is an oversight and controlling function. A general approach and methodology for defining project life cycle and phases.

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ProjectManager.com

FEBRUARY 27, 2024

We have space for project managers to explain the need for the project, what’s in and out of scope, its business objectives, deliverables and cost estimates, as well as much more. A RACI matrix , often referred to as a diagram or chart, is a tool that makes sure that all project stakeholders are on the same page and working together.

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ProjectManager.com

JANUARY 27, 2022

Hard costs are costs that are directly related to your construction project. Some refer to these as brick-and-mortar costs, because these costs include the structure, construction site and landscape. To create a realistic budget, you need to know the difference between these two costs. What are Hard Costs In Construction?

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Resource Guru

MARCH 7, 2023

If your project isn’t built on a solid foundation at the initial phase of a project it’s far more likely to run into much larger problems further down the line. Let’s take a closer look at the initiation phase of a project life cycle, so that you can make sure your project can stand the test of time (and wind, should that be a factor).

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Rebel’s Guide to PM

MARCH 14, 2021

What’s a typical Rough Order of Magnitude for project estimating? Orders of magnitude’ has a specific meaning in scientific notation and mathematics, but in project management it typically refers to broad brush categorization for sizes. The rough cost estimate is not designed to last for the whole project life cycle.

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Rebel’s Guide to PM

JULY 24, 2023

What’s a typical Rough Order of Magnitude for project estimating? Orders of magnitude’ has a specific meaning in scientific notation and mathematics, but in project management, it typically refers to broad-brush categorization for sizes. A ROM is often considered the broadest, least accurate way of representing the budget.

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ProjectManager.com

DECEMBER 24, 2018

What is a feasibility study and why is it so important for a project? Jennifer Bridges, PMP, explains what project managers need to know about feasibility studies in this short tutorial video. Here’s a screenshot of the whiteboard for your reference! And, will the project get you the ROI you expect?

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ProjectManager.com

APRIL 13, 2022

Another way to refer to this is as the annualized effective compounded return rate or discount rate that leaves the net present value of all your cash flows from an investment at zero. This method helps determine which project will offer your organization the greatest profitability. This method is used when evaluating two projects.

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Alan Parker Blog

MAY 16, 2024

The Project Life Cycle The project life cycle describes the phases of a project from initiation to closure. These phases are: Initiation : Defining the project at a broad level and establishing its feasibility. This is perhaps the most critical aspect of project management to me.

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ProjectManager.com

AUGUST 20, 2018

Jennifer Bridges, PMP, shows you practical steps you can take to innovate by using co-creation and project management techniques. Here’s a screenshot of the whiteboard for your reference. In Review – Project Management Best Practices for Innovation and Co-Creation. Jennifer opened with some definitions.

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ProjectManager.com

NOVEMBER 22, 2021

The PMBOK provides definitions and guidelines for project planning, scheduling, executing and controlling. For example, the project management process groups describe the project life cycle while the 10 project management knowledge areas explain how to manage a project. Try ProjectManager for free!

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Resource Guru

JANUARY 17, 2023

Project scope is the project manager’s best friend. It’s what we lean on throughout the project life cycle. It keeps us on the straight and narrow all the way to project success. We might think that “oh, I don’t need a project scope, I’ve done thousands of projects like this!”.

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MPUG

NOVEMBER 25, 2019

Next, let’s see how these documents created for benefits realization interact with each other before and during a project life cycle. As per the PMBOK guide, a project can have four generic stages in its life cycle. Finally, the project is closed in the “completing the project” stage.

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ProjectManager.com

DECEMBER 19, 2019

Create a Schedule: Make a timeline for the project by estimating how long it will take to get each task completed. Communication Plan: Have milestones for check-ins and status updates, as well as determining how stakeholders will stay aware of the progress over the project life cycle.

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iZenBridge

MAY 24, 2019

First of all we shall look at what is a Predictive Life Cycle according to the PMBOK® Guide Sixth Edition : “ Predictive Life Cycle: A form of project life cycle in which the project scope, time, and cost are determined in the early phases of the life cycle.”.

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Wrike

NOVEMBER 7, 2019

The Project Management Book of Knowledge (PMBOK) defines the project life cycle as “the series of phases that a project passes through from its initiation to its closure.”. The standard project life cycle diagram is made up of five phases: Initiation. Timeline for project completion.

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ProjectManager.com

NOVEMBER 13, 2019

You’ll have to release resources, archive documents and don’t forget to acknowledge the project success with a party or some type of celebration. Steps to Closing a Project. Once documents are signed off on, then process them and pay off all invoices and close out any project-related contracts. That’s important, too.

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ProProfs Project Management

MAY 6, 2020

Project time management refers to skills, tools, and techniques, which businesses use to manage time while working on project activities. Time’ and ‘Deliverables’ are the two major factors that you need to take care of during the project life cycle. Define project activities.

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The IIL Blog

SEPTEMBER 17, 2018

Learn more in “ A Comprehensive Project Management Guide for Everything RACI ”. Resource and project managers need to be master negotiators as they navigate between multiple project management teams who (of course) each consider their project to be the highest priority. References: Kerzner, H.

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ProjectManager.com

OCTOBER 29, 2019

The statement of work is a cornerstone for project managers. It is a document that is constantly being referred to for help in making decisions in the project to keep within the defined scope. The project management plan is fundamental to creating the project scope plan. Related: Free Statement of Work Template.

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Epicflow Blog

MARCH 22, 2024

Effective Communication This involves communication between team members, project teams, and stakeholders. Reference Class Forecasting (RCF) is used to improve the accuracy of project cost, duration, or other estimations by comparing them to similar completed projects. References Mario Vanhoucke (2023).

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