Archive | December, 2016

Project Duration

Managing project duration to make sure the sponsor and stakeholders are happy is the number one challenge for most project managers. Many executives think the most important metrics are the project duration and the finish date. Sometimes they are the only measures the sponsor and stakeholders ask about. Project Duration: Why Do Stakeholders Manage Only Dates? In […]

Lessons Learned Project Management

Lessons Learned Project Management is a process that is often bypassed. That’s because project managers and team members are sick of talking about the project they have worked on for months. Skipping the lessons learned process says to your team, “This project is too small to do any of that fancy lessons learned stuff. Let’s save […]

Cost-Benefit Analysis in Project Initiation

Cost-benefit analysis is a simple technique for comparing the business value a project will produce with the cost of producing it. Project managers use cost-benefit analysis in the project initiation phase to show the value of doing a project. During project initiation, the sponsor and project manager must justify the project to get the organization’s approval to spend the […]

Statement of Work – SOW

In many organizations, 60% to 70% of the projects finish late, over budget and/or fail to deliver much value. Not using a Statement of Work – SOW during the project initiation is a major cause of project failure.  Project Phases Main Page The project sponsor or customer issues the Statement of Work. It is their first […]

Improve Team Performance – Video

The need to Improve Team Performance is always a challenge for project managers. This  often includes dealing with an individual team member’s poor performance. Sometimes bringing about performance improvement is straightforward. First, the project manager identifies the behavior that is causing the performance problem. Next, the project manager communicates what he/she thinks is causing the problem. Then they suggest a […]

3-Point Estimating

Estimating is tricky for project managers because the customer wants the project to be done quickly and cheaply. You want your team to be committed to the numbers because they are realistic and fair. On top of that, everyone is concerned with the risk that exists on any project. So the best estimating technique should […]

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