Have 2 experts make independent estimates (or one expert estimate it twice). Sadly, this seems to be the estimating technique on many projects. Fortunately, we…
RetiredPM
Archiving project files and data is an important closing activity. The specific information that is archived for a project will vary between projects and organizations.…
Every project manager should be concerned with two questions during the Execution and Control phase of their project: The project manager works with the project…
In my experience, project success starts at the very beginning. Pay attention to the fundamentals of project management and make sure you start with a…
Parametric Estimating is an estimating technique that uses a statistical relationship between data and other variables to calculate the estimate. It is simply a mathematical…
The accuracy of an estimate can be improved by considering uncertainty and risk. PERT uses 3 estimates to define a range for an activity’s cost.…
Analogous estimating is a project management technique that uses information from similar projects to estimate the cost, duration, and resources required for a new project.…
Here are the characteristics of a successful projects: Here are some characteristics of troubled projects:
Here are a few thoughts on project management ethics and professional responsibility. PMI PMP professionals pledge and abide by the following Typical Ethics Statements Typical…
Yes, there is a difference between business risk and project risk, and as the project manager, you should care about the differences. Business Risk Business…