What is Procurement, Purchasing, Types of Contract and the Risk Factors Involved Questions like what is the difference between Procurement or Purchasing, Agreement or Contract, how to select the Procurement Contract who carries the risk in which kind of Contract and many more are answered in this article. An article is a good place for […]
Compliance with existing laws, rules, policies, standards, and recommendations constitutes project compliance. It guarantees that the project is executed in accordance with the organisation’s policies and processes, as well as any applicable laws and regulations. Compliance is a Non-negotiable aspect of the project and must be prioritizes as mandtory Project compliance can involve various aspects; […]
Negotiation is a process of communication between two or more parties with the aim of reaching a mutually beneficial agreement. it involves the exchange of ideas, perspectives, and offers, with the goal of reaching a satisfactory outcome for all parties involved. Regardless of which project management methodology you use, It is a critical skill for […]
Storyboarding is a visual planning technique used in various industries such as film, animation, advertising, and video game development. It involves creating a sequence of illustrations or images that represent the key moments or events of a story or concept. Storyboarding allows creators to visualize their ideas and convey them to others in a clear […]
Business Value is creating and delivering benefits that exceed the costs involved. Definitions Through the effective use of portfolio, program, and project management, organizations will possess the ability to employ reliable, established processes to meet strategic objectives and obtain greater business value from their project investments: Project Management Body of Knowledge (PMBOK® Guide) – Fifth Edition (PMI, […]
The high-level business document referred to in this statement is commonly known as a “strategic plan.” It’s a formal document that outlines an organization’s long-term goals, objectives, and overall approach for achieving success. The art of formulating business strategies, implementing them, and evaluating their impact based on organizational objectives A strategic plan consists of At […]
The Project Performance Domains are a group of related activities that are critical for the effective delivery of project outcomes. Project performance domains are interactive, interrelated, and interdependent areas of focus that work in unison to achieve desired project outcomes. Project Performance domains are In conclusion, successful project management involves many different domains. Stakeholder engagement is important for […]
Information radiators are visual displays of information that are designed to provide quick and easy access to key data and metrics. They are typically displayed in a prominent location, such as a central area in an office or a factory floor, where they can be easily seen by team members and other stakeholders “Information radiator” […]
Two popular Agile methodologies for software development are the Timeboxed Adaptive Development (TAD) approach and the Continuous Flow approach. The Timeboxed Adaptive Development (TAD) an approach is a time-based approach that divides the development process into fixed-time periods called sprints or iterations. Each sprint is usually two to four weeks long and involves a set […]
