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The Importance of Change Management business project integration management scope management Apr 24, 2022

To start this week's topic, let's look at a definition of change management. According to the PMBOK Guide - 7th Edition, "Change management, or enablement, is a comprehensive, cyclic, and structured approach for transitioning individuals, groups, and organizations from a current state to a future...

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Your Project Management Career is a Journey business people project integration management technical Mar 27, 2022

Your project management career is a journey, not a destination. If you treat it as such, you are more likely to succeed. So rather than rush to get a certification, take the time to learn and absorb the knowledge. Here are some reasons why you should look at it this way.

Project Management Takes...

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5 Project Management Trends in 2022 business project integration management Mar 06, 2022

The pandemic is winding down, and war in Eastern Europe is ramping up, creating a lot of uncertainty for 2022. But some project management trends are now coming into focus and will continue throughout the year. Here are five trends to watch for as the year continues to unfold.

The future is...

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Planning Project Budget Reserves business cost management risk management technical Feb 27, 2022

To start reserve planning requires a completed risk analysis  (for details on how to complete a risk analysis, see our publication, Risk Assessment Framework: Successfully Navigating Uncertainty) . First, estimate the financial impact for each risk, then compute the estimated monetary...

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5 Tried-and-True Strategies for Entrepreneurial Success business resource management Sep 12, 2021

You’ve gotten your business off the ground - but now, you want to take your company to the next level by running a tighter ship. You might be wondering which projects and process improvements you should prioritize first. From working with PPC Group to establish efficient project management...

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Why is Project Management Important? business project integration management Jul 11, 2021

Why is project management important?  It is important because businesses run on projects.  Projects are needed to execute strategy.  Some organizations may not refer to them as projects, but whatever they are called, they usually meet the definition of projects.

Project management...

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Entrepreneurship Tips for Project Managers and Small Business Owners business project integration management Jun 27, 2021

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...

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5 Essential Communications Practices for Project Managers business communications management people technical Jun 13, 2021

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...
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4 Ways to Get Your Business Out of Debt business cost management May 23, 2021

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...

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How are Projects Funded? business cost management May 16, 2021

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,...

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An Introduction to Project Cash Flow business cost management Apr 25, 2021

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...

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An Introduction to Project Payments business cost management Apr 18, 2021

[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...

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