What is project success? Specifically, how do you define project success? This is a straightforward question, as most project managers will tell us that triple constraints, namely time, cost, and …
Cost Management
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Feature ArticleGeneral Articles Related to Managing ProjectsRequirements GatheringRisk Management
Managing uncertainty vs. the cost of change?
In my lectures, when it comes to the topic of managing risks, I start with a figure just to illustrate the importance of managing risks. This figure shows that the …
Cost ManagementProject ManagementProject Management Life CycleProject ScopeQuality ManagementSchedule Management
Triple constraint: Balancing time, cost, and project quality
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? …
Cost ManagementFeature ArticleGeneral Articles Related to Managing ProjectsProject ManagementStrategic Planning
Can you create a reliable cost estimate without knowing the full scope of the project?
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 …
Cost ManagementFeature ArticleGeneral Articles Related to Managing ProjectsProject Management
How applying the 70×10 rule to project management can help you deal with triple constraint
“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 …
Cost ManagementFeature ArticleProject ManagementProject Scope
Find the purpose of your project with three simple questions
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 …
Cost ManagementFeature ArticleGeneral Articles Related to Managing ProjectsProject ManagementRisk Management
How to get a better sense of project risks by going beyond the Expected Monetary Value (EMV) formula
Want to learn about EVM in project management and the Expected Monetary Value (EMV) formula? If you have taken a risk management class or worked on a risk register, you …
Feature ArticleGeneral Articles Related to Managing ProjectsLeadership & StrategyProject ManagementProject Management Life CycleProject Oversight and Governance
What is Project Management?
What is project management? Project management is an essential endeavor that can help companies of all sizes and industries transform their businesses and effectively execute business strategies. Here are some …
Cost ManagementFeature ArticleGeneral Articles Related to Managing ProjectsProject ManagementQuality ManagementResource ManagementStrategic Planning
Tips for creating a detailed quality management plan
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 …
Cost ManagementDeliverablesFeature ArticleRisk Management
Buffer vs Padding: Which Term Should You Use?
Are you curious about the difference between buffer and padding in project management? Coming from a risk management background, I have always been offended and felt a little chill go …
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