Project Management Professional (PMP) is indeed a title that every project manager wishes to attain during his/her career. Owning the PMP Certification entitles candidates to…
Every project has a fixed budget allocated for resources. Project Managers determine the project’s budget by estimating the costs of individual project tasks required to…
Estimating the project costs has a massive impact on the project’s success. Organizations that estimate their project’s budget effectively deliver multiple projects consistently each year.…
The lack of uniformity between the planned costs and the expenses incurred during a project’s course is indicative of risks. Here, lies the need for…
According to the Project Management Institute (PMI), effective communication is the key to successful project delivery. PMI’s PMBOK (Project Management Book of Knowledge) Guide, Sixth…
An asset is a valuable entity or property possessed by a person that helps them pay debts and commitments. Similarly, organizations have assets that help…
A worry-free project manager is one who has a risk management process ready at hand. Stakeholders feel more confident about projects that are accompanied by…
A project management plan is futile if it isn’t backed by a well-etched risk management plan. It serves as the actual guide for project execution…
Even if an organization completes projects on schedule and under budget, but the product/service quality is poor, then the project is regarded as a failure.…
Project Charter is the documented version of how a project is going to go about including its end goals. It is an indispensable component of…