What is PMBOK in Project Management? Project Management (“PM”) is not a new science. It has been around for thousands of years. The Egyptian pyramid builders must have had some form of PM, as did the Greeks and Romans. The medieval cathedral builders and the Victorian engineers must have used PM. The big difference today … Read more
The Triple Constraint in Project Management: Time, Scope & Cost In parallel with the acceptance of PMBOK and Prince as accepted standards in Project Management, (“PM”) a veritable industry has grown up around Project Management offering help and assistance with understanding the concepts behind the standards. One such concept is the Project Management Triangle, “PMT”. … Read more
Why Is Project Management Important? Have you ever managed a project? The chances are that you have but did not even know it. What is a Project? A project is a short-term endeavor with a specified duration which results in a unique product, service or outcome. By that definition, if you have ever planned an … Read more
Resource Leveling It is inevitable that at some point in a project, resources and tasks will become mismatched, creating conflicts. There will undoubtedly be conflicts at the start of the project, or after a change in scope or workplan. Sometimes it is a change in resources if, for example, a team member leaves or is … Read more
What is Stakeholder Management? A project does not exist in isolation. It will affect people, groups, and organizations, collectively known as stakeholders. Simply put, stakeholders can make or break a project, and their management is a key element of project management. A well-structured project has several key elements: A Project Charter, setting out the background … Read more
What is the Risk Assessment Matrix? Any business is likely to face risks. Because such risks arise from many different sources, it’s essential to understand the risk environment of your company. Having in-depth knowledge of the probability and magnitude of each risk will help you implement an effective management plan over the long-term. But how … Read more
Compliance Management Systems: Overview Compliance is essential for any business. It ensures that your company remains compliant with all established guidelines that are of concern to your specific industry. As compliance continues to become more complicated, businesses are taking advantage of automation to streamline their compliance-related tasks. One of the automation tools that is regularly … Read more
Enterprise Risk Management Strategy and Protecting Your Corporate Website Your corporate website is one of the most important aspects of your business when it comes to attracting new customers and maintaining relationships with existing ones. However, hackers and data thieves can exploit vulnerabilities in your site to expose your customers to malicious downloads and malware … Read more
What is Enterprise Risk Management and How is it Important? Enterprise Risk Management (ERM) is a framework that guarantees security for your organization. While its regular mentioning may make appear irrelevant, you need to realize that ERM is the surest way to minimize threats thus helping you achieve your objectives. To develop trust among your … Read more
What is Risk Management? Life is in no certain terms certain. Simply put it means, Life is Uncertain. This is primarily because of the fact that we cannot anticipate or predict the future. For all, I know I may come across a huge stash of gold while digging in the fields tomorrow. But what we … Read more
