Risk management has been taking a backseat to project management. Finding an effective way to manage both processes harmoniously side by side has been a problem…until now.
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The schedule needs to stay up to date if the project is going to proceed on time and be successful. Keep these tips in mind when developing a strategy for capturing schedule updates to ensure the success of the project.
Need help with project recovery? A whole new skill set and strategy is needed to recover an IT project from free fall. Here we provide practical recovery pointers on four project areas for failing IT projects, with a focus on software development for business applications.
Juggling changing priorities across many workstreams is a real problem for many teams. Using a specialized meeting agenda and planning technique will help bring order to the chaos.
Effectively communicating schedule information in a VUCA environment can be very challenging, especially when powerful stakeholders create psychological schedule baselines based on preliminary estimates. There are commonalities between the challenges of forecasting project schedules and forecasting weather.
In a custom equipment manufacturing environment where unforeseen work causes projects to slip on schedule, prioritization is key. "Code red" meetings can help.
Efficient management of employee resources puts projects on the road to success. On the same token, failing to manage resources properly can lead to project blunders, overtime, budget overflow and other damaging results.
One measure of project success hinges on the ability of the estimator to predict the right schedule and budget, since projects that go over budget or fall behind are deemed failures. This article looks at the factors behind the difficulty of getting good estimates and suggests a combination of psychology (soft skills) and science (robust estimation software) to increase project success rates.
Even if you have the estimating gift, there are still lurking issues that can render it highly inaccurate. Some you have control over, but for many you don't. Here are some common estimating issues that can often negatively impact your project:
Using a component-based work breakdown structure (WBS) can enhance your organization’s planning efficiency. Components can be put into a “catalog of components” to be used as “building blocks” to quickly construct a baseline project management plan. Components are a simple solution to give you a starting point and transfer useful knowledge from project to project.