Before going forward with the clarification of the definitions mentioned above, we need to understand the WBS, and work breakdown. “A hierarchical decomposition of the total scope of work to be carried out by the project team to accomplish the project objectives and create the required deliverables. Each descending level of the WBS represents an […]
Project Cost Management No Initiative will be approved and no project will get into execution until the Project Manager or Project Management team provides the project schedule and the project budget. These are baselined during the Planning process Group so that can be used for measuring the progress of the project against a Project Management […]
How to fail Eloquently Change is inevitable. The same can be said for failure, which is part and parcel of professional life. Failure is tough to handle and tougher to talk about, but an unfortunate reality. “Learn from your failure!” is what we usually hear, but it’s easier said than done. But take my word for […]
Project Manager and Business Analyst??? An argument that I have with myself daily on the job is whether I am a project manager or a business analyst. Should I advise on the solution, or should I stay in the PM lane and let the solution architect and the business side deal with it? Many of […]
The Problems With Monetary Motivators Many business owners think that getting peak performance from employees is simple—just tie cash rewards to goals. This technique is a mistake. One size doesn’t fit all, as every human being is at a different stage of their life and will be motivated by different rewards and recognition. The biggest […]
Estimation Techniques and how to better estimates keeping in view the cone of uncertainty Project estimation, development, and monitoring go hand in hand. Effective project management requires consistent and repeated estimation methodologies to manage the limitations of scope, time, finance, and quality to ensure project success. This video from Project Management Series presented by Mudassir […]
Sampling or Statistical Sampling Statistical Sampling is the process of making statistical inferences about the selected population. This emerging incredibly powerful business tool helps in better understanding about the business practices, the customer behaviour, and monitoring quality and amenability This video from Project Management Series presented by Mudassir Iqbal explains the techniques of sampling for […]
This video from the Project Management Series explains how a project management work performance report contains various data on the multiple projects being managed. This is particularly helpful as most project managers work on several projects at a time. For that reason, a project management report provides a quick snap of each project’s progress. The […]
Today we talked about the tools & techniques of PMBOK 6, a guide designed to help PMP Aspirants to pass PMP Certification and also to facilitate their professional careers. This is an overview and introduction video and details are part of the course Click Here
