Innovation means doing something that has never been done before. And that’s fraught with risk. In new product development, innovation may entail technical risk, market risk, risk relating to outside partners, or even political events far beyond your control. No new product development program can avoid risk. However, much more than business-as-usual can be done […]
“Project management., program management, portfolio management and operations managed as a group to achieve strategic objectives. ” PMBOK Project The project can be every size imaginable in virtually every industry, and project managers supervise them regardless of these specifics. A project may be managed in three separate scenarios: Project Manager He is responsible for meeting […]
Reasons to Adopt Agile Project Management Framework An Experience Worth It! I have started my journey of agile project management two years ago. Initially, I was hesitant whether I am going on the right track. As soon as I started working on it, I realized its diverse potential. Today, it has become a crucial part […]
The Benefits and Challenges of Remote Project Management In theory, virtual teams allow project managers to build ideal teams without many of the constraints they would otherwise face. For employees, they allow flexibility and freedom to achieve an optimal work-life balance. At the same time, remote project management comes with certain hurdles. While it lets […]
Not sure if any of us can provide a name of the project from our professional life which followed the plan 100%. Projects are highly unlikely to follow the plan. In order to be able to identify and measure the differences between the plan and the actual work performance, progress on the project is required […]
Data, Information, Knowledge and Wisdom Pyramid (DIKW Pyramid) So once we know about the Project Manager Competency Development (PMCD) Framework, it is time for us to start working on learning new skills. Learning, practising, mastering new skills not easy and requires commitment and patience. This is where the Data, Information, Knowledge and Wisdom Pyramid (DIKW […]
7 steps to On Time, On Budget, Goal-Based Project Delivery In today’s corporate world many entrepreneurs working in the financial field go through the phenomenon of whether to invest or fund into the critical project or to drop them until the company’s budget and the revenue gets better or get improved. However, for the approved […]
Project Manager’s Capability and Skills Development As it is said in the article(2) by Merla, E. (2011) ” As a project manager, your success is dependent on your mastery of many skills—both hard skills as well as soft skills”. In addition, to manage the Project systematically and complete them successfully, we also keep on learning […]
Digital Transformation and Project Management I am sure lately, you might be as surprised as me to see the role of digital transformation in project management. Nowadays, many companies adopt diverse digital transformation technologies in various situation. Let’s unfold the term and see its significance in project management. Though Carl Benz designed the very first […]
