Project Hero Blog - Weekly Best Practices and Tips

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...

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...

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...

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...

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,...

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...

[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...

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...