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Tag: Project Management

Project Value in Program and Portfolio Management

Project Value in Program and Portfolio Management

Jan 19, 2017 | |

Can you find project value through the program and portfolio management? The answer is yes. It is possible to garner project value from two key management approaches, provided you know how to dig your way through it.     But first, you need to understand each aspect of these approaches and how it affects project value.   Project Portfolio Management: It can contain both projects and programs. Project Portfolio management can analyze potential return in a project and they provide forecasted analysis for organizations that are looking for an investment project opportunity. Besides boosting project value, it also helps...

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The Importance of Setting SMART Project Objectives

The Importance of Setting SMART Project Objectives

Jan 17, 2017 | |

Project management exists for numerous reasons: to organize, coordinate with project teams, create products or services through projects, and implement various activities. Despite its multiple functions and distinct complexities, they share a common quality which is creating an idea in the guise of a project. The project management’s existence is also accompanied by the following purposes; it’s meant to control and monitor risks, establish communication with team members and project outline, and implement tasks and processes. For a project to reach its full completion and success, it needs to undergo these elements. And then there’s the matter of project objectives....

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Project Failure : How to Learn From ?

Project Failure : How to Learn From ?

Jan 16, 2017 | |

When you failed a project, it seems like it’s the end of the world. You berate yourself for letting such things happen and you wrack your brains for reasons why a project resulted in failure. Turns out, it’s not the end of the world and project failures are one of the most common reasons we learn from our mistakes.   When you experienced something terrible, usually it’s hard to forget it. This means it’s also not easy to simply forget the lessons that you learned from it. Even if you fail twice or more than that, for the record,...

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The 10 Important Laws Of a Good Project Management

The 10 Important Laws Of a Good Project Management

Jan 14, 2017 | |

So you are now part of the project management team. In fact, you are the project leader, a project manager, who’s responsibilities managing your own team, spearheading a project, and managing available resources. But here comes the hard part: how to make your project successful?     Organizations make it a point to embed mission statements as well as principles or practices that they want their employees to embrace. Such existing factors help different divisions in the organization to remain relevant and to be able to achieve success by sticking to their tried and tested principles.   But what do...

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How To Achieve Project Success With These Seven Steps ?

How To Achieve Project Success With These Seven Steps ?

Jan 12, 2017 | |

Projects are not easy to incorporate and maintain because anyone working in the project management field can tell every project is bound to fail and there will be an excessive use of budget and resources. Regardless of the size and complexity of the project, this is mostly the case.   With that being said, the overall management is usually not guided properly and this results to project not being finished within schedule. The following reasons are very common: the client made an unexpected change, the time was not managed properly or the risks were not addressed properly.   Despite...

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How to Use Project Portfolio Dashboard And Avoid Common Mistakes?

How to Use Project Portfolio Dashboard And Avoid Common Mistakes?

Jan 11, 2017 | , |

Project portfolio dashboard is an effective tool used to track metrics and progress within the spectrum of an organization’s portfolio. It also gives perspective on the status of the projects as well as funds and milestones. Project portfolio dashboards help understand how tasks mirror with the organization’s objectives. They serve as storytellers for both the process and progress of portfolios and projects. However, some don’t use project portfolio dashboards properly, so they end up being ineffective. There is clearly no sense to pursue something you don’t have full knowledge of, let alone what are the exact details you are...

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