Project Management

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...

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,...

Expect the best, plan for the worst, and prepare to be surprised. These words, written by American writer and consultant Denis E. Waitley, pretty much sum up the essence of smart project management. To ensure professional, well-thought project management, it’s essential to take care of its key aspects.  While the elements of a project plan...

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. ...

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...

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...

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...

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...