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 […]
Tag: Project Management
Project Schedule Delays – Causes, How to Prevent and Mitigate
“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 […]
Integrated Change Control: Key To A Successful Change Management
Perform Integrated Change Control is an important process of project integration management. In a project, there will always be change requests. These changes will be evaluated by the change control board. Afterward, if the change requests are approved, they will be implemented. The changes in a project are accepted, rejected, or handled in Perform Integrated […]
Good vs Bad Project Managers – Side-by-Side Comparison
Project Managers are the project delivery team leads in many organizations. If the organization is medium to large in size, project managers belong to a Project Management Office typically. There are good vs bad project managers. The role of a Project Management Officer or PMO manager must be facilitating good project management and ensuring good […]
Project Life Cycle of the New Project Management World
A project life cycle is the aggregation of multiple phases from the start (Initiation) to the completion (Closure). A common project life cycle consists of a start then moves to organizing and preparing. Next, is ‘doing the work’ and finally closing the project. In this article, we are going to cover what is Project Life […]