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Key Elements & Components Of Project Management

“Give me six hours to chop down a tree, and I will spend the first four sharpening the axe.” – Abraham Lincoln. Considering that your project is to ‘chop down a tree,’ this is how your ideal approach should be for Elements of Project Management. It emphasizes how the planning phase of ‘sharpening the axe’...
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What is Work Breakdown Structure (WBS) in Project Management? Type & Guidelines

WBS (work breakdown structure) is a method to make complex projects more manageable. It means breaking down a project into tasks and subtasks so that there is no room for confusion in the future. This is usually practiced by project managers to simplify the process of execution of tasks during the scope of the project. ...
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50+ Project Management Quotes to Learn From

Motivation knows no bounds. When we talk about project management, there are so many times and situations where teams, managers, or even stakeholders look for motivation on how to go about handling tough situations. Some look for strategies and tips, but sometimes reading a quote from a learned individual gives you all the clarity you...
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What Is Lean Project Management? It’s Origin, Principles & Benefits

In many ways, project management is a recent craft; but one that has learned a lot from the world of old manufacturing processes. And project managers are constantly finding ways to implement the knowledge and experiences of 20th-century manufacturing to contemporary project management. With that in mind – lean project methodology is a great example!...
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12 Critical Project Management Principles Every Business Owner Should Follow

Project management is a complicated yet crucial business practice. Getting projects isn’t a big deal, as managing and completing them on time is the factor that decides your credibility in the business. Imagine a scenario where you have multiple projects in hand, but you are struggling to complete them on time and in the promised...
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A Guide to Waterfall Project Management Methodology

There are many approaches to project management, especially in software development. Among these, waterfall project management is one of the more interesting ones, seeing as it stems from the old days of the construction and manufacturing industries; it was not specifically designed with software development in mind. So, what is the waterfall methodology? Essentially, we’re...
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What Are Project Management Charts: 15 Most Used Charts to Plan & Monitor Projects

Projects are getting increasingly complicated every day, and this is not a generic statement.  24% of cost overruns in IT projects eventually lead to project failures because of unclear objectives and unrealistic schedules.  – Excerpts from a survey by McKinsey & Company Sadly, a lot of project managers who are new in the field are...
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What is Project Management Software and Why Do You Need One

Managing a project isn’t easy.  With the help of Project Management Software, there are so many challenges that project managers and team members face on a daily basis ranging from defining clear project goals and objectives to generating detailed reports every month to check team performance. Further, you could be facing other challenges such as...
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100+ Project Management Statistics & Facts (Updated 2025)

Project management is an essential part of every organization. Whether you are overseeing a team or leading major projects and their execution process, it is essential to keep everything in line to ensure project success. In the long run, it is the project management techniques adopted by managers that either make or break the organization. ...
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