Project Hero Blog - Weekly Best Practices and Tips

The path to entrepreneurship can be tough. According to Failory, nine out of ten startups fail. If you're thinking of starting a company focused on project management or other business fields, those stats can be pretty scary. Don't stress. With careful planning and strategizing, project managers and small business owners can build thriving companies.

Read on for top entrepreneurship tips for smal...

A natural outcome of project management is increased team creativity and innovation. But some projects will need more than others.  For example, if you are a creative marketing team or have complex problems to solve as part of the project. 

Want your project teams to be more creative and innovative? You can take the next step by GRADually changing your organization's culture to enable and support...

Studies have shown that roughly 56% of projects failing projects have poor communications as a factor. Whether you are presenting or just having a meeting, having strong communication skills is critical for project managers. Here are 5 essential practices to work on:

1. Develop and rehearse an elevator pitch. Be able to provide a quick 30-second message about the primary goals and benefits of your
...

"How can I become a project manager in 2021?" is a question I frequently hear.  Being a project manager is still (and will always be) a rewarding career opportunity, even in post-pandemic life.  And while the events of the last two years may have shifted some of the demand, project managers and project management skills are still in high demand. 

The Project Management Institute estimates that em...

If you have started a business recently, operated one for some time, or run into some unexpected issues, you may be in debt. This is a somewhat normal part of having a business — there are good times, but you also have a fair share of difficulties. However, if your debt is starting to get out of control or it impacts your mental health and your business, this is where you need to make some changes...

How are projects paid for? Generally by financing the project.  The funds that pay for the project may come from operations (for example, from revenues) or from capital expenditure.  Capital expenditures are typically made from the company treasury or reserves.  As a third method, the organization wanting to perform a project can borrow, and then repay, money.  There are  a variety of ways to do t...

Risk management is the art and science we use to assess and respond to the risks which exist throughout the life of our projects.  In fact, risk exists in virtually any initiative - programs, portfolios, business, operations, manufacturing, and more.  We perform risk management so our initiatives are successfully managed within the triple constraints of cost, quality, and time, plus any other cons...

Good leadership does not come from a single skill, but rather a collection of skills such as team building, influence, patience,  empathy, and creativity. This article examines 5 leadership skills essential for risk and crisis management. 

Risk management and crisis management are closely related.  Good risk management may reduce or minimize crises, but it is inevitable that at some point in your...

Many introductory courses that include information about budgeting for project managers discuss the idea that a project budget may have to be time based.  That is, the expenditures are divided over weeks, months, or quarters to show how spending will occur over the course of the project.  But the project budgets in an organization only tell a part of the story.  Budgets are about when we will be m...

[Note: Beginning with last week's article and continuing forward, in addition to tagging articles with knowledge areas, we will be adding new tags for business, people, and technical (including process). We will update past articles over time. This will align content with the new PMP®​​ exam content areas, which in turn, align with the PMI talent triangle areas - Leadership, Technical Project Mana...