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Archive | May, 2017

Parametric Estimating

Parametric estimating is one of the most accurate techniques for determining a project’s costs and duration. Luckily, parametric estimating is relatively easy to implement. You define the specifications of each deliverable and then research published information about how many hours of work are required for each unit of the deliverable as well as the cost. The units could be linear […]

Project Status Reports

The biggest problem in Project Status Reports is getting good team status reports. It sounds easier than it is in practice. Project team members and vendors often report inaccurate data due to undo often about their ability to resolve problems like technical issues or lack of stakeholder cooperation. Another obstacle to getting good data comes […]

How To Do Analogous Estimating – Video

Analogous estimating will improve the time and cost estimates for your project. First, let’s talk about why estimates are often inaccurate and useless to the project’s decision-makers. That’s because project managers frequently estimate cost and duration by “plucking numbers out of the sky.” Or they provide estimates that have no basis in reality but are what the project sponsor wants to […]

Project Management Methodology Development

How to Develop Project Methodology – What Steps Should I Follow?  As Project Management Professionals, we sometime find ourselves in an environment that has no established project management methodology. Instead, what we is inconsistent, and wasteful approaches to managing projects. Some project managers bury small projects in stacks of unnecessary paperwork.  Others manage large projects […]

Lessons Learned: Questions to Ask

What do organizations that have consistently high levels of project success have in common? They conduct lessons learned discussions and create project archives during the project close-out phase. The lessons learned documentation includes what went right, what went wrong and what the project manager and team could have done better. The archives also include plans from previous projects and […]

Project Management Success

Project Management Success is not easy. There are several project manager skill sets or techniques that make a project manager successful. Successful project managers have both “hard” and “soft” skills in their project tool belt. They are able to select the appropriate tools and techniques to use on every project they manage. The ability to select the right […]

Scope Creep

First we’ll talk about what Scope Creep is and then we’ll talk about how to avoid it. Scope creep is the addition of new features and functions after the original project plan has been approved.  These additions to the project scope are approved without any compensating adjustment to the project budget or schedule. It is the number one cause […]

Small Projects Are An Art Form

Small Projects Projects Don’t Need a Plan… We Can Wing it Managing small projects with consistent success is an art form.  Everyone from sponsor to PM to Team gets sloppy because they think “small projects are easy.  They are not. Scope creep is a disease that everyone ignores so are variances on a small project, […]

Project Variances Solve Just the Important Problems

Project variance is what gives executives nightmares about project failure. They are the calculated difference between the approved project plan’s costs and duration and the actual project results. We can have project variance vs.  schedule where we identified that a task should have been finished by July 1 and it was actually finished by July […]

Communication Techniques – Video

One of the most challenging parts of project management is choosing the communication techniques to use with all the different people who are involved with your project. Each of the team members, stakeholders and executives has a different personality and a different communication preference. You need to be able to “type” each of those personalities […]

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