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. The domains are Stakeholder, Project Work, Uncertainty, Team, Delivery, Planning, Development Approach & Life Cycle and Measurement In conclusion, successful project management involves many different domains. Stakeholder engagement is important for understanding everyone’s needs and working together. The […]
The Project Management Institute has articulated 12 Project Management principles in the PMBOK® Guide – Seventh Edition. These 12 Project Management Principles include stewardship, teamwork, stakeholder engagement, value creation, systems thinking, leadership, tailored approaches, quality focus, managing project complexity, risk management, building adaptability and resiliency, and change management. Stewardship refers to acting responsibly, with integrity, trustworthiness, and compliance. Teamwork […]
Before going into details of each let me start with “KPIs (Key Performance Indicators) and OKRs (Objectives and Key Results) are complementary and can be used together to provide a holistic perspective of the performance and progress of an organisation. While KPIs assist track success against individual objectives, OKRs provide the organization’s overarching direction and […]
In the InsideView Alignment Report 2020, more than 70% of revenue leaders rank data management as the highest priority. Although, many organizations have implemented a system for data collection and analysis, still, their biggest concern remains to maintain the integrity of their data. The term ‘data integrity’ is sometimes used as a process or a state of data. […]
In this article, we’ll be discussing some of the best project management apps that you can use as a small business owner or manager. Owning or managing a small business means that you can’t hire a big team or work with dedicated project managers. This means that you have to wear multiple hats and juggle […]
A good project manager must be a master of many skills, and the awareness and knowledge of cybercrime must be one of them. Our remote world and continued dependence on technology provide hackers with many new opportunities to breach corporate systems and steal private customer data. As a manager, allowing this to happen during your […]
7 Ways to Encourage Creativity And Productivity Within Remote Teams Working online has become a norm in the 21st century, especially now that COVID-19 made a huge impact on our daily lives and forced us to avoid offices and other crowded places. Doing your job remotely is not such a big deal anymore, but it […]