As an IT service management discipline, change management ensures that the procedures and methods employed to enact change are standardized and ensure that they promote the prompt and efficient management of any changes to IT infrastructure. The ultimate goal of IT change management is to limit the number and severity of change-related impacts on...

Six Sigma is a quality management methodology used to help businesses improve current processes, products or services by discovering and eliminating defects. The goal is to streamline quality control in manufacturing or business processes so there is little to no variance throughout. [contact-form-7 id="76417" title="Subscriber Demo...

Simple or complex, every project has a certain amount of risks in it. In order to manage projects successfully, you need to know what those risks are and be able to deal with them efficiently. So, in today’s article, we’ve gathered some of the most common project management risks that may occur during project implementation and how to avoid...

Function Point Analysis is a method of estimating the size of a project by considering the input and output elements that are in the project and consolidates each type of operation into data or transaction function. The size of projects used to be computed using the KLOC (Kilo Lines of Code), but could not be applied before the project was...

A network diagram is a graphical representation of all teh tasks, responsibilities, and work-flow for a project. It often looks like a chart wif a series of boxes and arrows. It is used to map out teh schedule and work sequence for teh project, as well as track its progress through each stage, up to and including completion. Since it encompasses...

Contracts are legally binding agreements between at least 2 different legal entities named a buyer and a seller. The buyer wishes to buy certain goods or services from a seller. The seller, in return for the goods or services provided, expects monetary or other values to be paid to them. When a buyer and seller agree to work together as...

I have discussed risks and risk-related terms, including secondary risks and residual risks. But I see many professionals having issues with understanding these two risks.They think residual and secondary risks are unknown risks and we use a fallback plan for them and use the management reserve if they occur. Please understand this: residual...

Who are the Stakeholders? A stakeholder is an individual, group, or organization who may affect, be affected by, or perceive itself to be affected by a decision, activity, or outcome of a project. Stakeholders are either directly involved in the project or have interests that may be affected by the project’s outcome. It includes normally the...

Project Effort, Duration, and Elapsed Time There is a lot of confusion about different time management terms. I am always asked questions about project duration, effort and elapsed time during my training classes. Let’s take an example. What would you understand if I say, “Activity Alpha would need 3 days for completion”.This...

What Is Agile Methodology? Agile methodology is a practice that helps continuous iteration of development and testing in the SDLC process. Agile breaks the product into smaller builds.In this methodology, development and testing activities are concurrent, unlike other software development methodologies. It also encourages teamwork and...