You’ve likely heard that nearly half of all new businesses fail. According to the Small Business Association (SBA), 50 percent of businesses fail during the first five years. Over a 10-year span, the percentage increases to 66. But what can…
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Projects are designed to deliver a product or a service within a specific timeframe and budget, a process that the project manager oversees. If that person is a product manager, he or she may apply a product breakdown structure (PBS)….
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It’s a given that there will be changes to the project plan during the project execution phase. It’s impossible to factor in everything—from weather to supply chains to change requests—something is going to conspire against your schedule and budget. This…
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Imagine that you’re taking the lead on a new IT project that involves building a call center from the network to the servers. The call center itself will house hundreds of jobs and will bridge the gap between customer and…
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Projects don’t just complete themselves. They need plans to direct them toward success. A strong project plan allows you to organize tasks and assign resources to execute them, all within a set budget and on a deadline. It’s unrealistic to…
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You know how it goes—you’re a few months out from a deadline, and your team isn’t anywhere close to finishing the project. You’re quickly running out of budget and time, and you’re starting to stress. Should you tell the stakeholders,…
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It’s not easy for construction companies to make accurate budget forecasts. There are many variables to consider, from market to labor costs and always fluctuating prices. However, creating a detailed budget is key to successful construction project management. One way…
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No matter what kind of project you want to tackle, you must have a plan first. Planning is the cornerstone of project management, but if you’re a Mac user, then you’re going to find that a lot of the big…
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Sometimes the whole picture isn’t clear when you’re planning a project. But with a traditional project management methodology, such as waterfall, you set everything up first and then you’re stuck with it. But the waterfall methodology is only one way…
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Marketing planning doesn’t get the respect that it’s due. No matter how great the product or service, it will wither on the vine and die if no one knows about it. That’s where marketing comes in. But marketing doesn’t just…
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Projects are successful when they end on time and within budget. But if you don’t meet the quality expectations of your stakeholders, it doesn’t matter how fast you delivered—you failed. To avoid this, focus on quality planning. Create a quality…
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If you’re looking to start or grow a business (or just keep a business profitable), you need a business plan. But not all plans are the same. If you need to define your business and its objectives, you need to…
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While agile is relatively new, it has made a big splash in the work of project management. It started in software development, but has since been adopted by other industries that have seen the benefit of agile’s iterative approach. Those…
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