6 analysis criteria to avoid decision errors in project management and contract management

Consider the ways project management complement contract management with the following tables of criteria that relate their characteristics in multidimensional modeling of risk management: y-axis- benefit Intangible Spectacle Tangible How result and outcomes used along low to high (bottom to top) continuum Project Event Contract x-axis- internal to external Investment category How investments will be […]

Successful Project Initiation

Assumption log- Used to record assumptions throughout the project life cycle Business Case – Justification for undertaking the project (Sample Available for download) Stakeholder register- Identifies individuals who could affect the achievement of the project objectives (Sample Available for download) Project charter- Formally authorizes the project and resources to be used Benefits Management plan- Discusses how […]

Project Management: The Application of Tools and Skills to Appropriate Settings

Project management is the application of common sense practices to businesses in a wide variety of industries. Project managers certified through the Project Management Institute heed the warning: “Do not let common practice replace common sense.” This statement is catchy, but it is also very applicable to project management tools and business organizational processes. I […]