As defined in PMI Certification training, Cost Management is all about defining the necessary budget for executing the project. Its objective is to monitor and control the project costs to match the approved budget. So that’s why life cycle costing and value engineering are two important concepts in cost management. Attend our 100% Online & Self-Paced […]
“If you are in the project delivery space, the project schedule delays are inevitable.” Do you agree with this statement? Many project managers think that completing projects on time appears only in books. Well, this is not true. With project management office practices, proper project management skills, proactive risk management, and effective planning, project schedule […]
In the third process of Time Management which is Sequence Activities process, the major output is the Network Diagram. During Sequence Activities process, the activities defined in define activities process are sequenced. Because some activities will depend on another. The Network diagram illustrates the project activities with boxes and displays the interrelationship of activities. Precedence […]
In one of the biggest project management knowledge areas or in other words, in the project integration management, there are six processes. The first one is “develop project charter process” and as the name suggests, it aims to produce the project charter. It includes high-level project information. Developing the project charter process is the first part of project integration […]
Lean project management is one of the best practices of project management as an application of lean manufacturing principles. Therefore the objective of lean project management is to produce higher-value while reducing any kind of waste. Lean manufacturing principles were developed for improving the production processes of Toyota in the 1950s. The Project Management Institute […]