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Why Differentiate Between Project Goals and Objectives?

Are project goals and project objectives both the same thing? Yes? Then, why so? If not, then again, why do you think these two terms are different? Taking a broader outlook, most people tend to use the words ‘project goals’ and ‘project objectives’ interchangeably. But, there is a world of difference between the two. Let’s...

How to Set Your Project Goals?

Setting accurate and realistic project management goals is essential to ensure a hassle-free execution. Why? Let’s take the example of New Coke that was introduced in 1985 to get a clearer picture: So, in 1985, Coca-Cola introduced “New Coke”. They did their research and changed the drink formula to make it taste better, or so...

What Is Cost Management in 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,...

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’...

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. ...

What are Project Constraints and How to Manage Them

Working on a project is enough of a stress on its own – a whole bunch of tasks and ideas flying all over the place. Things can get especially tiresome and stressful in projects involving larger groups of people. However, things get really complicated with numerous common project constraints that you can stumble upon along...

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...

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!...

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...

15 Best Project Management Best Practices for Managers in 2024

With technologies and engineering methodologies changing radically, project management has become more complex. As a project manager, you can easily understand the complexity and importance of the whole process. As per the reports, 41% of the projects executed in 2017 were highly complex projects. Complex or simple, projects play an important role in marching towards...

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