Project Management

How often do your projects end up exceeding their budget? Do you feel that planning cost management in project management is a futile exercise as no project ever sticks to its projected costs? Well, if your answer is a yes, we’re not surprised, considering 24% of project professionals believe that unrealistic budgets hamper projects. However,...

“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’...

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. ...

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...

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!...

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...