Earned value management (EVM) is one such technique that, in a single integrated system, can accurately forecast problems so you can better manage project performance. What Is Earned Value Technique? As noted, EVM is a technique that project managers use to track the performance of their project against project baselines. Often the progress...

Project quality management is the process through which quality is managed and maintained throughout a project. While the context may imply that “quality” means “perfection,” in this case, is usually more about ensuring quality consistency throughout a project. However, what is exactly meant by “quality” is beholden to what the...

Estimating the project cost can be a scaring exercise for many managers. It is often seen that many project managers across the industries burn the midnight oil to prepare a perfect estimation. Despite all the efforts, when the project cost exceeds the estimated budget, they face a lot of flak from all the corners. Though a perfect and...

Good project management means documenting what you will do as well as what has been done. Both the project charter and project scope are created early in the initiation phase of a project, and they each help steer the project in the right direction. While both of these documents are crucial to getting a project off the ground, one difference...

Project Status Meetings with Your Team? One of the main responsibilities of a project manager is to know the progress of the project at any time.To this end, project status meetings become a fundamental tool throughout the project life cycle.Unfortunately, however, too often, these appointments turn into a waste of time losing sight of the...

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...