Companies initiate projects for several reasons. In a medium to large size organization, several departments might be working on different projects. The Project Management Office, also known as PMO, manages the initiation, execution, and successful project delivery in an organization. However, regardless of the influence of the PMO, project cost overruns are inevitable events that […]
Tag: Project Management
Project Management Tool List – PM Tools for 100% Success
If you are looking for a project management tool that will help you to perform various project management functions then you are reading the right post. Because in this post, we will provide information regarding various project management tools. Our aim is to offer valuable information on project management tools, however, we do not intend […]
7 Signs of Poor Project Management – Alarming Facts!
Projects are initiated for many different reasons. Creating a new product, legal requirements, customer requests, and technological advancements, just to name a few. No matter what the reason is, project management success is crucial for an organization to survive in the market. Applying best project management practices ensures completing projects on time and on budget. […]
2 Concepts Of Cost Management: Value Engineering & Life Cycle Costing
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 […]
Project Management Office – Structure, Roles, Functions, and More
There are several types of organizations and industries. However, they all have a common aspect: project delivery. Organizations initiate, execute, control, and complete projects to make a profit, sustain their business, and grow. There is a brain behind the project delivery mechanism of the organizations and that department is called a Project Management Office. The […]