In the Project Management Institute’s latest version of the Project Management Body of Knowledge (PMBoK7,) the section on tailoring recognizes that project management isn’t one size or style fits all. Tailoring means that you tweak your project management approach, governance, and processes to your organization’s environment and work at hand. In this edition of Project […]
In this edition of Project Pointers, we’ll look at stakeholder attitudes, one of the new approaches to analyzing stakeholders in the Project Management Institute’s latest version of the Project Management Body of Knowledge (PMBoK7.) In PMBOK7, Knowledge Areas are replaced with Performance Domains, which recommend additional activities in several areas, including stakeholder analysis. Let’s look […]
Integration management ensures project planning elements are connected properly, regardless of the methodologies being deployed. Here are some other benefits of integration management you might not have thought about: Ensures accurate status reporting. A well-integrated project plan ensures that status changes are properly reflected throughout the project, no matter where those changes originate. For example, […]
Scope management is all about ensuring your project produces what is required — and only what is required — to satisfy project objectives. It also delivers additional benefits you don’t often hear about: Helps manage risk. Talk to an experienced project manager and you’ll likely hear a hard-earned lesson: the bigger your project, the riskier […]
In addition to producing products without errors or functional issues, quality management delivers some additional benefits. Here are a few rarely discussed benefits of quality management: Defines a fundamental requirement. The information needed to complete a quality plan ensures that you understand a fundamental requirement’s grade. Grade, which represents the degree of optional features available […]
Communication management is all about making sure project stakeholders understand the purpose, status, and value the project brings to the business. And it also delivers additional benefits that you don’t often hear about: Greater understanding of stakeholders. Sound communication strategies go both ways and provide excellent opportunities for the project team to understand stakeholder needs […]
Skill shortages have made resource management a significant challenge throughout the business world. That means, you need to ensure that your resources deliver the right output when it’s needed. Here are some tips to manage your skilled resources and make that happen. Define workload priority with management. It’s rare to have a team member fully […]
Procurement management is all about bringing control to acquisition of parts and skills required for projects. But it also delivers additional benefits that you don’t often hear about: Find long-term partners. Organizations often require parts or skill-based services on an ongoing basis. Well-crafted Requests for Quotation (RFQ) or Requests for Proposal (RFP) enable vendors to […]
Project management disciplines such as risk management bring control to a project. In addition to the well-known benefits of these disciplines, they provide other benefits that aren’t often discussed or recognized. Here are a few additional benefits that risk management provides: Encourages optimism. Thinking about what could go wrong increases optimism? It seems counter-intuitive, and […]
Besides controlling the spending for a project, cost management delivers some additional benefits. Here are a few rarely discussed benefits of cost management: Filters out wannabe stakeholders. Project managers should embrace the phrase “you gotta pay to play!” In other words, if stakeholders want their requirements considered for the project, they need to provide funding […]
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