What is the Traceability Matrix? (TM) A Traceability Matrix is a document that co-relates any two-baseline documents that require a many-to-many relationship to check the completeness of the relationship.It is used to track the requirements and to check the current project requirements are met. What is Requirement Traceability...

What the Experts Say? Negative feedback often contradicts the stories that we tell about ourselves — what we’re good at, what we’re capable of — and sometimes confirms our worst fears. But don’t let a negative review unravel the story of who you are. “No one bats a thousand,” says Mitchell Marks, professor of management at San...

What is Scrum? Scrum is a framework that helps teams work together. Much like a rugby team (where it gets its name) training for the big game, Scrum encourages teams to learn through experiences, self-organize while working on a problem, and reflect on their wins and losses to continuously improve. While the Scrum I’m talking about is...

Bruce Tuckman innovated a solution to manage the team In 1965, Bruce Tuckman – a human resources scientist- developed a model that Overcomes the obstacles which face the team building process, and we have mentioned some of them above. Tukman’s model which was later known as Tukman’s Ladder was initially based on 4 stages. In 1977,...

Risk management occurs everywhere in the realm of finance. It occurs when an investor buys U.S. Treasury bonds over corporate bonds, when a fund manager hedges his currency exposure with currency derivatives, and when a bank performs a credit check on an individual before issuing a personal line of credit. Stockbrokers use financial instruments...

What is Project Management Professional (PMP) Certification? PMP certification is issued by the Project Management Institute (PMI) to the experienced project managers when they successfully pass the exam. The certificate acknowledges individual’s experience, skills, and achievement. The worldwide recognized PMP certification benefits the...

A Six Sigma problem statement recognizes that there is a gap between the reality of a situation versus what should be the case and initiates the process of correcting the anomaly. It focuses on one of four main areas: an issue or area that gives cause for concern, a situation that needs to be improved, a snag that needs to be eliminated, or a...

Sharing experiences, solutions to problems, tips for effective management, and templates for project documents are all part of a healthy and successful project management environment. Some of the tools include review of added value documents created by project managers on other projects.   The documents that are most useful between projects...

WHAT IS PROJECT QUALITY MANAGEMENT? According to the project quality management definition, it is a process which ensures that all the activities related to the project are efficient and effective with respect to the project objectives and project performance. Quality Management in project management includes creating and following policies...

Quality management can be a make-or-break point for a manufacturing or distribution business. It can be the difference between putting out great products that satisfy your customers and producing unsatisfactory or even dangerous merchandise. It’s often not an easy process, but the rewards of getting it right are immense. So, what can you...