Cost Management

Triple constraint is a term often heard in project management. This is related to time cost quality. But how does it translate into achieved or missed project and organizational objectives?…

Planning and managing a project involves many elements that cannot be all included in one article. However, they can be grouped into three major categories: Product, People, and Process. Product:…

Progressive elaboration is a key concept in the discipline of project management. Projects are always evolving and often require a detailed project manager to revisit baselines and modify them with…

“It’s not the amount that counts, it’s the plan that counts” – Jim Rohn. Recently, an email caught my eye from one of my many subscriptions. The title read something…

What is the purpose of your project or project justification? Are you able to build a strong business case for your next project? Life is difficult. People make it more…

As a tool to allow people to prepare for the resolution of unexpected issues and conflicts that may arise between parties, a contract penalty clause is widely used as a…

If you have taken a risk management class or worked on a risk register, you would have covered the Expected Monetary Value (EMV) formula when trying to associate a cost…

Project management is an essential endeavor that can help companies of all sizes around the globe, in all industries, transform their businesses and effectively execute business strategy. Here are some…

In this PMWorld 360 video, Alison Mills-Long discusses how to create a detailed quality management plan, and what should be included in the plan. She provides details on each component…

Curious about the difference between buffer vs padding in project mangement? Coming from a risk management background, I have always been offended and felt that little chill go down my…