Managing resources effectively is one of the most critical yet challenging aspects of project management. Resources include people, equipment, materials, budgets, and time. Without proper resource management, projects can go over budget, fall behind schedule, or deliver poor quality results. In this post, we’ll explore some of the common resource management challenges project managers face …
A well-crafted project plan is the foundation of any successful project. It outlines all the key information needed to execute the project efficiently and meet objectives on time and on budget. Here are 10 best practices for developing an effective project plan: Define the Scope Thoroughly The first step is to clearly define the scope …
Short answer is NO!! Project management is a complex responsibility that requires a diverse set of skills including planning, communication, leadership, and problem-solving. With recent advances in artificial intelligence (AI), some speculate that AI may one day take over project management responsibilities. However, while AI can provide useful assistance in terms of tools used by …
Will project management be replaced by Artificial Intelligence (AI)? Read More »
In an era marked by rapid technological advancements and evolving citizen expectations, the public and government sectors are increasingly turning to agile project management methodologies to enhance service delivery and responsiveness. While these sectors are known for their stringent documentation requirements, the adaptability and flexibility of agile practices can indeed be harnessed to drive successful …
With COVID-19 pandemic rapidly spreading throughout the globe and almost bringing everyone’s life to a standstill with businesses closing-down and employees forced to stay-at-home because of local or federal guidelines, it is imperative to assess the impact of these unprecedented conditions on the on-going, projects, programs, and portfolios. According to the World Health Organization (WHO), …
To understand the fundamental difference between Project, Program and Portfolio Management, lets dive into what the words ‘Project’, ‘Program’ and ‘Portfolio’ actually stands for. These are very similar sounding functions but very different in nature. ‘Projects’ according to the Project Management Institute (PMI) are the temporary endeavors undertaken to create a unique product, service or …
Key differences between Project, Program and Portfolio Management Read More »