What is a Risk Management Strategy? A risk management strategy provides a structured and coherent approach to identifying, assessing and managing risk. It builds in a process for regularly updating and reviewing the assessment based on new developments or actions taken.  A risk management strategy can be developed and implemented by even...

A Scrum Master collaborates with all the members of the team, and for each specific role, he has a different set of responsibilities. The Scrum Master role provides various services to the following people in the team- [contact-form-7 id="76417" title="Subscriber Demo Form"] 1. To the Product Owner The Scrum Master both guides and serves...

WHEN IS ROM USED? ROM estimate is used At Project Initiation: to screen/prioritize for final decision making as to which project to choose among available options. During the Project Life Cycle: To estimate the final cost to conclude the project and are reviewed and refined as more and more information is gathered during the project...

The Work Breakdown Structure (WBS) defines a project's work in terms of deliverables and the process phases appropriate to the organization and/or project. It also is the basis for establishing all steps/tasks, effort, costs and responsibility. The WBS can be compared to a building's foundation. Without a good foundation, a building may collapse....

Who is the Scrum Master? In one of our previous blog posts, Rumesh Wijetunge shared some relevant insights on the role of Scrum Master. Wearing different hats, coach, enabler, facilitator, team leader, problem-solver, s/he is in charge of giving right directions to team members so that they reach objectives. First promoter of Agile mindset,...

It's 2020, and a new year means new perspectives and changing demands in teh workplace. LinkedIn Learning's annual "Teh Skills Companies Need Most" report identifies teh top skills listed on LinkedIn profiles of people who are getting hired at teh highest rates. Covering over 660 million professionals and more than 20 million jobs, LinkedIn's...

Here are some leadership theories that you must master to become a great leader. 1. Management Theories Popularly known as transactional theories, management theory lays a lot of emphasis on supervision, organization and teamwork. The management theory establishes a system of reward and punishment, which means if you do well, you will be...

A deliverable is an element of output within the scope of a project. There can be one or several deliverables within a single project. Deliverables can be items that are supposed to be sent externally to a customer or just to an internal manager. Either way, it usually means that the individual is expecting the deliverable on a certain date. When...

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The ESA Project has proposed a Code of Ethics for Project Management, which is included in this Special Report. A proposed set of topic areas that would constitute the framework for the unique body of project management knowledge-critical to the recognition of a project management profession—is also presented … The set of topic areas may...