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.…
RetiredPM
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…
Yes, there really is a management style called Management by Wandering Around (MBWA). MBWA is characterized by managers spending much of their time in face-to-face…
Stakeholder engagement strategies depend on the level of interest and influence of the individual stakeholders. High Influence/High Interest Key players. Enlist support and help with…
Responding to an RFP or RFQ can be expensive and time consuming. The financial rewards can far exceed the cost of preparing the bid response…