Project Hero Blog - Weekly Best Practices and Tips

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...

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...

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...

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...

[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...

Management skills are usually grouped into several categories, including interpersonal, technical, and conceptual. But time management skills go beyond attributes that simply make you an effective leader. Knowing how to manage your minutes is crucial to the success of your business and your personal life. Here are a few examples of skills to refine that will have a positive impact on your time...