Project Hero Blog - Weekly Best Practices and Tips

For the last two weeks, we looked at two different ways to evaluate project selections to determine which to work on. This type of activity is often carried out by senior management and not the project manager. The project manager is usually involved once the project charter has been developed. A special form of project charter is the Statement of Work or SOW. Its often associated with a contract ...

Last week we looked at the BCR -- Benefit-Cost Ratio as a way of evaluating a project. This week I'd like to look at a related technique -- Total Cost of Ownership (TCO). The purpose of many projects is to introduce a new product or service. Often this new product or service has a later ongoing operation. For example, if you have installed Oracle Financials, there is a need to develop the customiz...

For the next few weeks, I'd like to take a closer look at initiating projects, with special attention to costs. This is an area of weakness for many who jump in to do work before looking at the consequences or rewards. Rather than use a microscope, you need a telescope to see to the far and of the project. We'll focus on costs, but once again, there are many other factors that must be analyzed.

T...

Projects that are off track may require corrective action or re-planning. Before deciding what to do, make sure the team is aware of the problem. Make them knowledgeable about the issue and empower them to be responsible and a part of the solution. This will:

• improve buy-in,
• grow team capabilities, and
• lead to a better solution than one arrived at unilaterally.
  
  
  

Want to learn more about ho...

When selecting any resource of any type for a project, always keep in mind the automatic selection of the "cheapest" won't always be the least expensive option. This is why we have competitive bidding for major contracts -- we get a peek at the other dimensions. Does the resource meet our needs? Will our requirements be met? Will quality meet our standards?

Let's suppose we can choose between 3 "...

Good project managers, especially those working in an Agile environment that can be very internally focused on the client-team collaboration, need to continuously scan the environment for external changes that might impact their projects. Make this a part of your periodic risk assessment. These can include legal, compliance, regulatory, financial, economic, and cultural changes.

Examples:

• Eve
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Getting the right requirements are important for project success. Whether you are in a dual role or collaborating with a business analyst, project managers should make sure all their projects include, at a minimum, these three basic types of requirements:

1. Business requirements usually represent the rationale - high-level goals and objectives - for undertaking a project. These should include the
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Happy Passover and Happy Easter to family, friends, and colleagues around the world who are celebrating. Easter, in addition to being a religious holiday, is also a marker of the start of Spring (celebrated on the first Sunday after the first full moon after the first day of Spring). Here are 5 tips for project managers in the Spring:

1. Review your annual personal and project goals (hopefully set
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Risk management is not a one-time event. During the course of a project, good project managers continue to help the team focus on monitoring risks and repeating the processes of identification and analysis as the project changes. Here are five tips for helping team members maintain their focus:

1. Encourage open and transparent communication about risk.
2. Remind the stakeholders that risks aren't j
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As a project leader, it's critically important to be earnest - have an intense conviction and confidence in the plan. Staying calm and confident is reassuring to the team, sponsor,  and stakeholders alike.  The team will take their cues from you, follow your lead, and rise to meet any challenges or setbacks positively.  Whether you are looking at the Inc. list, the Forbes list, or anyone's list of...