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 […]
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. Each domain covers specific activities that project managers should perform. For example, under the stakeholder management domain, activities […]
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” […]
Organization Project Management (OPM) Organizational Project Management (OPM) is the framework used to align projects, programs, and portfolio-managing procedures within the organizational context. OPM helps organizations through alignment with organization strategy, incorporating with corporate policy, delivering value and consistent development. Project Management and Organization Project Management Pillars of the OPM OPM “A strategy execution framework […]
Coaching, Mentoring, and Training are interrelated methods of professional development designed to assist individuals in achieving their personal and professional objectives. Coaching focuses on performance improvement, mentoring on career development, and training on imparting specific skills and information. All three approaches include offering structured and supportive direction and assistance to individuals. Coaching: Guiding individuals to […]
